• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    Gold Price
    • Gold Market
    • Gold News
    • Gold Stocks
    • Gold Price
    market news

    Northern Shield Discovers Anomalous Gold st Shot Rock Gold Project

    Nicole Rashotte
    Jul. 24, 2018 05:56AM PST
    Gold Investing

    Northern Shield Resources Inc. announced the results from the first phase of rock sampling at the Shot Rock property, Nova Scotia. This includes analysis of three float samples of quartz vein material recently found exhibiting classic epithermal textures. 

    Northern Shield Resources Inc. (TSXV:NRN) announced the results from the first phase of rock sampling at the Shot Rock property, Nova Scotia. This includes analysis of three float samples of quartz vein material recently found exhibiting classic epithermal textures. Shot Rock is being explored through Northern Shields wholly-owned subsidiary, Seabourne Resources Inc, which can earn up to an 80 percent interest in the property.

    As quoted in the press release:

    Significantly, all of the above noted samples are highly anomalous in gold with assays of 0.29, 0.26 and 0.13 grams per tonne gold. Fragments, bands, and infillings of jasper within the banded quartz veins are a common feature. These sample are all from small angular float material collected along a 2 kilometre stretch of river bed. Several more samples have been collected on a recent return visit to the river and approximately fifty further angular to sub-angular pieces of jasper-banded and/or colloform-banded quartz were noted along a short stretch of the river. These samples contain very little sulphides with a maximum of 0.3 percent sulphides.

    The textures and mineralogy of the quartz vein material are all very consistent with epithermal gold systems. Textures include colloform banded quartz (generally chalcedony), bladed carbonate with some samples showing quartz pseudomorphing the carbonate, comb textured quartz with jasper infilling and brecciated colloform chalcedonic quartz with jasper veins. Bladed carbonate textures suggest the vein material originates high up in the epithermal system, likely above the “boiling cap.”

    Boiling caps form at the level where rising boiling fluids, which carry the gold, interreact with cooler near surface water (water table) with the result that epithermal quartz veins typically show significant and rapid vertical zonation in gold grades from low-grades above the cap to higher grades below.

    The company has increased the size of the Shot Rock property by an additional 1,200 hectares, which now totals 19,700 hectares.

    Assays are still pending for 197 stream sediment samples and a further batch of rock grab samples (including more collected from the river) have been shipped to the lab for analysis.

    Follow-up rock and till/soil sampling is being planned for the area which will commence after interpretation of the pending assays.

    Ian Bliss, president and CEO, commented:

    In typical epithermal systems, one doesn’t see significant gold mineralization above the boiling cap even with the presence of the quartz veins. We believe the erosional level of Shot Rock is at, or above, the boiling cap. Hence, the highly anomalous gold values we are seeing bode well for what may be found at deeper levels of the quartz vein below the boiling cap. We believe there is high potential here since this style of mineralization has been historically unrecognized in this area

    Click here to read the full Northern Shield Resources Inc. (TSXV:NRN) press release.

    nova scotiamarket newstsxv:nrn
    The Conversation (0)

    Go Deeper

    AI Powered
    Sitka Gold

    Sitka Confirms and Extends Another Reduced Intrusion-Related Gold System with Rock Samples Returning up to 31.7 g/t Gold at Its Flagship RC Gold Project in Yukon

    Arizona Silver Completes Three More Core Holes at The Philadelphia Gold Project, Arizona

    Arizona Silver Completes Three More Core Holes at The Philadelphia Gold Project, Arizona

    Latest News

    Freegold Ventures Limited Announces Closing of $50 Million Brokered Private Placement Financing

    Pinnacle Interprets Multiple New Targets from LiDAR Survey at El Potrero

    Peruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026

    Rio Silver Highlights High-Grade Silver up to 6.26 g/t Au and 991 g/t Ag over 0.70 metres at Maria Norte and Advances a Clear Near-Term Development Path in Peru

    NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential In Historical Leach Pads at Limo Butte, Nevada

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES