Northern Shield Earns 100% Interest in Root & Cellar Gold-Silver-Tellurium and Copper Porphyry Project, Newfoundland
Ottawa, Ontario (July 16, 2023) – Northern Shield Resources Inc. (“Northern Shield” or the “Company”) [TSX-V: NRN] is pleased to announce that the Company has earned a 100% interest in the Root & Cellar property (“Root & Cellar” or the “Project”), located on the Burin Peninsula in southeastern Newfoundland. As per the terms of the option agreement signed in May 2019, prospector and original Property owner, Jeffery Brushett retains a 2.5% NSR of which 1% can be bought back by Northern Shield for $1.5M. The Property is being explored for epithermal gold mineralization and associated porphyry copper systems and includes 5 gold zones over a 6-kilometer strike-length hosted in a collapsed caldera complex. Tellurium, a critical metal, is associated with four of the showings and also with some of the copper mineralization.
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