OTTAWA, ON, July 16, 2024 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: 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.
Read more at newswire.caNorthern Shield Earns 100% Interest in Root & Cellar Gold-Silver-Tellurium and Copper Porphyry Project, Newfoundland
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.