OTTAWA, Nov. 15, 2017 /CNW/ - Northern Shield Resources
Inc. ("Northern Shield" or the "Company") (TSX-V: NRN) is pleased
to provide results from a till sampling program undertaken at Sé2
("the Property"). The results show anomalous gold, locally combined
with anomalous copper. The survey was designed to cover a portion
of the VTEM survey completed in 2016. Although the claims were
originally staked for their nickel potential, the discovery of gold
and copper on the Company's "88 Claim Property" nearby (see Press
Release dated July 25th,
2017) and other discoveries in the Labrador Trough prompted more
attention to gold in the area.
Seventy-nine till samples were collected over approximately 130
square kilometres and each sample was analysed for a multi-element
geochemical suite as well as picked for heavy mineral sorting. In
total, 198 grains of gold were picked (normalized to 5 kilograms)
from the 79 samples with the most anomalous sample containing 13
grains. Twenty-five of the gold grains are in pristine condition,
suggesting proximity to source. Geochemical analysis results are
consistent with the number of observed gold grains picked from the
till samples. Five samples returned greater than 50 ppb Au with a
high of 98 ppb Au. Tungsten, often a pathfinder for gold
mineralization, is locally anomalous with a high of 704 ppb W
compared to background assays of 70 ppb W. Copper is also locally
anomalous (up to 108 ppm Cu).
Although outcrop is very limited within the Property, it is
possible to define a tightly folded unit from the airborne
Magnetic-VTEM survey completed in 2016. The gold anomalies in the
till study appear to be generally confined to this unit.
These results continue to highlight the gold potential of the
Labrador Trough and the Sé2 area showing similarities to Lode Gold
systems elsewhere and will factor into the Company's exploration
programs being planned for next year.
The 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 trace elements by aqua regia digestion and a
combination of ICP-MS and ICP-AES. Heavy mineral processing and
gold grain picking were undertaken by Overburden Drilling
Management Ltd. in Ottawa,
Ontario.
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.