OTTAWA, Oct. 20, 2017 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is
pleased to announce that most of the assays from the 2017 drilling
program and surface sampling have been received. In total, 982 core
samples were processed from the eight drill-holes completed this
year along with 47 surface samples.
Western Copper Zone
Drill-holes HK17-08,09,12 and 16
tested various aspects of the Lower Olivine Websterite (LOW) in the
Western Copper Zone which was identified by the Company in 2016 as
the principal host to the mineralization. All four of these
drill-holes intersected mineralization hosted in the Lower Olivine
Websterite, which can now be traced through drilling and surface
sampling for a 3,000 metre strike-length and a down-dip extension
of over 1,200 metres. It remains open along strike to the north and
south and, down-dip to the east. The thickness of the mineralized
Lower Olivine Websterite increases down-dip (eastward) from 9.46 in
drill-hole 16HK-01 (Discovery Zone area) through 15.08 metres in
drill-hole 17HK-08 to a total of 31.85 metres in 17HK-12 where the
zone bifurcates.
Summary of select mineralized intervals from the Western Copper
Zone:
Drill-hole
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Cu
(%)
|
Ni
(%)
|
PGE+Au
(g/t)
|
17HK-08
|
313.54
|
328.62
|
15.08
|
0.22
|
0.15
|
0.30
|
17HK-09
|
482.3
|
492.5
|
8.45
|
0.12
|
0.10
|
0.14
|
17HK-12
|
502.8
|
523.3
|
20.5
|
0.18
|
0.08
|
0.20
|
Including
|
502.8
|
505.7
|
2.9
|
0.38
|
0.17
|
0.43
|
|
547.4
|
565.0
|
17.6
|
0.19
|
0.14
|
0.25
|
|
570.7
|
584.95
|
13.95
|
0.13
|
0.10
|
0.16
|
17HK-16
|
87.9
|
94.9
|
7.0
|
0.32
|
0.19
|
0.31
|
Including
|
87.9
|
90.9
|
3
|
0.52
|
0.27
|
0.44
|
Including
|
88.9
|
89.9
|
1
|
0.63
|
0.32
|
0.47
|
Note: drill-hole
17HK-11 was abandoned
|
Calculated metal tenors (grades normalized to 100% sulphide)
remain relatively consistent throughout the Lower Olivine
Websterite with copper ranging between 12-15%, nickel 4-6% and PGE
10-17 g/t. The last drill-hole of this season's
program, hole 17HK-16, was drilled approximately 900 metres south
of the Discovery Zone, in an area with no outcropping surface
mineralization nor geophysical anomalies. This drill hole contains
the highest individual copper and nickel assay from drill-core to
date in the Western Copper Zone (0.63% Cu, 0.32% Ni) and shows
slightly increased Ni tenor, perhaps providing a vector on the
mineralization.
Eastern Copper Zone
Drill-holes HK17-10,13,14 and 15
were collared in the Eastern Copper Zone to target surface
mineralization and test for potential upward "leakage" of Ni-Cu-PGE
mineralization through a fault zone from a magma chamber at depth.
Drill-holes HK17-13 and 15 both intersected widespread, weakly to
moderately disseminate pyrrhotite and chalcopyrite that could be
consistent with upward permeating sulphides through a co-magmatic
fault zone. The Eastern Copper Zone is generally poor in Ni and PGE
compared to the Western Zone.
Summary of select mineralized intervals from the Eastern Copper
Zone:
Drill-hole
|
From
(m)
|
To
(m)
|
Interval
(m)
|
Cu
(%)
|
17HK-13
|
177.5
|
190.2
|
12.45
|
0.11
|
17HK-14
|
109.5
|
120.85
|
11.35
|
0.19
|
17HK-15
|
131.5
|
151.7
|
20.2
|
0.18
|
Further sampling in the Eastern Zone identified several new
copper occurrences (0.71%, 0.72% and 0.75% Cu). Some of this
mineralization is hosted within ultramafic rocks, which is the
first time this lithology has been seen in the eastern Copper Zone.
The Eastern Copper Zone is separated from the Western Copper Zone
by a structural corridor and the relationship between the two is
not yet fully understood by the Company. The high copper to nickel
ratio in the east could be the result of the remobilization of
copper up through (co-magmatic) fault structures or the result of
magmatic segregation.
"Drilling and surface sampling continues to define a very
extensive layer of low grade mineralization that is still open in
three directions and has tripled in thickness in the down-dip
direction. The feeder to the sulphides and higher-grade zones are
still proving elusive but we now have a considerable amount of new
data to assist in this on-going interpretation and vectoring to the
potential source of this large mineralized system," says Northern
Shield president and CEO Ian
Bliss.
South32 has successfully met its requirement to earn a 50%
interest in the Huckleberry project under the Option and Joint
Venture Agreement executed in 2016 (see news release June 7, 2016).
Results are still pending from Northern Shield's Sé2 property
and from the Idefix area
The drilling program was overseen by Christine Vaillancourt, P. Geo., the Company's
Chief Geologist and a Qualified Person under National Instrument
43-101. Samples were analyzed by ALS Global in Sudbury, Ontario and in Vancouver, BC, for Au, Pt and Pd by Fire Assay
with ICP-AES finish and base metals by four acid digestion and
ICP-AES.
Northern Shield Resources Inc. is a Canadian-based company
focused on exploring for platinum group element ("PGE") and
nickel-copper-PGE deposits. It is known as a leader in grass roots
exploration for Ni-Cu-PGEs and the understanding of magmatic
systems as it applies to exploration.
Forward-Looking Statements Advisory
This
news release contains statements concerning the exploration
plans, results and potential Cu-Ni-PGE and other mineralization at
the Company's southern Labrador Trough properties and geological,
and geometrical analyses of the southern Labrador Trough properties
and other expectations, plans, goals, objectives, assumptions,
information or statements about future events, conditions, results
of exploration or performance that may constitute forward-looking
statements or information under applicable securities
legislation. Such forward-looking statements or information
are based on a number of assumptions, which may prove to be
incorrect.
Although Northern Shield believes that the expectations
reflected in such forward-looking statements or information are
reasonable, undue reliance should not be placed on forward‑looking
statements because Northern Shield can give no assurance that such
expectations will prove to be correct. Forward-looking
statements or information are based on current expectations,
estimates and projections that involve a number of risks and
uncertainties which could cause actual results to differ materially
from those anticipated by Northern Shield and described in the
forward‑looking statements or information. These risks and
uncertainties include, but are not limited to, risks associated
with geological, geometrical and geophysical interpretation and
analysis, the ability of Northern Shield to obtain financing,
equipment, supplies and qualified personnel necessary to carry on
exploration and the general risks and uncertainties involved in
mineral exploration and analysis.
The forward-looking statements or information contained in this
news release are made as of the date hereof and Northern Shield
undertakes no obligation to update publicly or revise any
forward‑looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Northern Shield Resources Inc.