Junior Miner Finds Mid-week Success Following Drilling Preparation Announcement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, August 16, 2023

An Ontario-based minerals company captured the attention of traders on Wednesday after the company provided an update on its exploration at the Root & Cellar Gold-Tellurium-Silver-Copper Project located on the Burin Peninsula in southeastern Newfoundland. According to the release, ‘crews are on site with mechanical trenching and trail preparation for a small drilling program underway.”

Trying to get ahead of what’s to come form this trenching program, traders snatched up shares of Northern Shield Resources Inc. (TSXV:NRN) (OTCPK:NSHRF), with shares trading on the Canadian side getting up to $0.085/share (+21.43%) at the session high. This move could be the catalyst to break this micro cap out of the multi year downtrend it has been riding.

Northern Shield Resources Inc is a mineral exploration company engaged in the business of identifying, acquiring, and exploring mineral properties. Its principal projects include Huckleberry property and Idefix property. It also holds an interest in Root & Cellar, Shot Rock, Five Islands properties

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