OTTAWA,
ON, Sept. 21, 2023 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSX-V:
NRN) is pleased to announce that a grab rock sample recently
collected from a zone of disseminated sulphides on its 100% owned
Idefix Cu-Ni-PGE Property ("Idefix" or the "Property") assayed
1.2% Cu, 0.35% Ni, 9.6 g/t Pd, 2.4 g/t Pt and 0.27 g/t Au.
Ground truthing and verification of VTEM geophysical anomalies
identified from a 2016 airborne survey was also undertaken during
the very brief visit to the Property.
Idefix is located approximately 80 kilometres west of
Kuujjuaq, Nunavik, northern
Quebec. The Property covers a
7-kilometre stretch of a gabbronorite sill complex that is
primarily being explored for disseminated PGE-Ni-Cu mineralization
but also has many recognized features that suggest the presence of
high-grade Ni-Cu-PGE massive sulphide mineralization. The Property
was last drilled by the Company in 2013 when reef-type and
disseminated PGE sulphide mineralization was intersected over a 5
kilometre strike-length.
The grab sample is important as it provides proof-of-concept
that higher concentrations of disseminated sulphides are present in
the sill and that they can carry higher base-metal and PGE grades.
The grab sample contained approximately 10% sulphides,
suggesting that massive sulphides are not required to generate
higher base-metal grades. This is the highest base-metal grade
reported from the Idefix and the grab sample was collected from the
northern portion of the Property, an area which was not the focus
of exploration when the Company was last actively exploring in
2012/13.
"We revisited our data on Idefix over the last year and it
reminded us that it is an exceptional project. It is unusual
to see such continuous PGE mineralization over this large an area
(60 x 5,000 metres). The re-evaluation also prompted us to
focus more on the potential of a disseminated sulphide system, with
good base-metal grades along with the PGE, not just exploring for
massive sulphides. This sample provides a proof of concept
for this approach, although more exploration is required to
properly evaluate the area.
An update on the drilling program at Root & Cellar will
be provided shortly.
- Ian Bliss,
Northern Shield President and CEO
Disseminated Model
Previous drilling and surface sampling by the Company delineated
PGE mineralization over a 5-kilometre strike length. Drill core
grades averaged approximately 0.25 g/t PGE+Au over true thicknesses
up to 60 metres associated with very low base-metal values. The
mineralization has very low concentrations of sulphides averaging
0.5%. A linear relationship between sulphide content and PGE
grades is noted at Idefix, such that a ten-fold increase in
sulphides generally brings a similar order of magnitude increase in
PGE grades.
Massive Sulphide Model
Sulphide "globules" up to 2 centimetres diameter were observed in
all 14 drill-holes completed in 2013. Analyses by pXRF show that
the globules average 3.2% Cu, 1.9% Ni and 23 g/t Pd. The sulphide
globules are interpreted to have originated from a pool of liquid
massive sulphide when the magma was still molten. Such globules are
known to be fragile and tend to disaggregate in the magma conduit
due to turbulent flow and as such the presence of many sulphide
globules suggests that the source pool of sulphide magma is
proximal.
Analysis, QA/QC and Qualified
Person
Grab rock samples are single samples and by their nature are not
representative of all mineralization encountered or expected to be
found on the Property. Samples were analyzed by ALS Global in
Vancouver, BC, for Au by Fire
Assay and multi-elements by four acid digestion and ICP-AES. All
standards and duplicates by ALS Global meet targeted values. This
news release was reviewed by Christine
Vaillancourt, P. Geo., the Company's Chief Geologist and a
Qualified Person under National Instrument 43-101.
About Northern Shield
Northern Shield Resources Inc. is a Canadian-based company,
known as a leader in generating high-quality exploration targets,
that views greenfield exploration as an opportunity to
discover a near surface, tier one asset, at relatively low cost. We
implement a model driven approach in exploration to reduce risks
associated with early-stage projects for ourselves, our
shareholders, and the environment. This approach is what led to the
discovery of an alkaline-related gold-silver-tellurium and porphyry
copper system at the Root & Cellar Project in Newfoundland.
Forward-Looking Statements Advisory
This news release contains statements concerning the
exploration plans, results and potential
for epithermal gold deposits, and
other mineralization at the
Company's Idefix Property , geological, geophysical and
geometrical analyses of the properties and comparisons of the
properties to known Ni-Cu-PGE deposits and other
expectations, plans, goals, objectives, assumptions, information or
statements about future, 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.