• Freitag, 15 November 2024
  • 11:16 Uhr Frankfurt
  • 10:16 Uhr London
  • 05:16 Uhr New York
  • 05:16 Uhr Toronto
  • 02:16 Uhr Vancouver
  • 21:16 Uhr Sydney

Northern Shield Defines More Copper Mineralization at Huckleberry - Identifies 15 VTEM Conductors of Interest

27.07.2016  |  CNW

OTTAWA, July 27, 2016 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is very pleased to provide an update on exploration activities on the Company's Huckleberry property in the Labrador Trough. The programs were executed under the terms of the Option Agreement with South32 announced on June 7th, 2016.

The first two phases of sampling and mapping have been completed at Huckleberry along with an airborne VTEM (Versatile Time Domain Electromagnetic) survey. Sixty two of the samples collected during the first phase assayed between 0.3% Cu and 1.5% Cu including 15 greater than 1% Cu. Fifty-one samples assayed between 0.3 and 0.9 g/t PGE+Au. The results continue to highlight the Western Copper Zone as the prime area of interest, while also enhancing our understanding of the mineralization at the Eastern Copper Zone, which is more extensive than first thought. A table of the top 40 samples is provided at the end of the press release.

Interpretation and modelling of the VTEM results are on-going but initial analysis shows 15 VTEM conductors of interest, with modelled conductivity that are within the range of what would be expected for segregated, copper-rich magmatic systems  (>200 Siemens) as well as more typical copper-nickel systems (+4000 Siemens). Of particular interest is a segmented conductor with a combined strike-length of 3.5 km coinciding with the Western Copper Zone, which includes a 900 m long EM (electromagnetic) anomaly of moderate conductivity underlying the Discovery Zone.

Some of these conductors will be tested during a drill program expected to commence in the latter half of August, for which more detail will be provided in due course. VTEM results for Séquoi, Sé2 and Idefix are currently being modelled and interpreted and will be available shortly.

The program at Huckleberry was overseen by Christine Vaillancourt, P. Geo., 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, geological, and geometrical analyses of the southern Labrador Trough properties and comparisons of the properties  to known Cu-Ni-PGE deposits, 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.

Select assays results from the grab sampling program at Huckleberry

 

Sample

Cu (%)

Ni (%)

Pt (g/t)

Pd (g/t)

PGE+Au (g/t)

HK16-0080A

1.52

0.01

0.00

0.00

0.07

HK16-0115A

1.46

0.02

0.04

0.09

0.18

HK16-4064A

1.46

0.02

0.00

0.00

0.12

HK16-0003A

1.42

0.40

0.19

0.57

0.84

HK16-0080C

1.41

0.01

0.00

0.00

0.10

HK16-3047A

1.28

0.34

0.15

0.48

0.70

HK16-3001A

1.28

0.29

0.15

0.49

0.71

HK16-3024A

1.28

0.19

0.11

0.55

0.77

HK16-3003A

1.22

0.11

0.08

0.33

0.45

HK16-0128A

1.19

0.05

0.14

0.64

0.90

HK16-3118A

1.13

0.10

0.15

0.56

0.84

HK16-0080B

1.08

0.00

0.00

0.00

0.32

HK16-4104A

1.05

0.05

0.14

0.58

0.85

HK16-3004A

1.05

0.09

0.08

0.26

0.43

HK16-0001A

1.04

0.11

0.08

0.33

0.48

HK16-2062A

0.93

0.17

0.08

0.36

0.49

HK16-0002A

0.89

0.12

0.08

0.26

0.41

HK16-0036A

0.85

0.28

0.11

0.47

0.63

HK16-0010A

0.84

0.02

0.00

0.00

0.19

HK16-3028A

0.82

0.34

0.13

0.55

0.78

HK16-0129A

0.81

0.23

0.17

0.63

0.87

HK16-3033A

0.80

0.23

0.09

0.39

0.56

HK16-4038A

0.77

0.27

0.12

0.41

0.61

HK16-3002A

0.75

0.31

0.12

0.35

0.52

HK16-0073A

0.73

0.29

0.07

0.47

0.61

HK16-0126A

0.71

0.02

0.14

0.49

0.72

HK16-4034A

0.70

0.08

0.05

0.23

0.34

HK16-3005A

0.70

0.37

0.14

0.62

0.84

HK16-3006A

0.70

0.29

0.12

0.49

0.71

HK16-3104A

0.69

0.12

0.03

0.08

0.13

HK16-3008A

0.67

0.27

0.06

0.39

0.53

HK16-4105A

0.63

0.07

0.02

0.30

0.35

HK16-3013A

0.60

0.32

0.09

0.35

0.49

HK16-0130A

0.59

0.30

0.15

0.67

0.91

HK16-3120A

0.59

0.28

0.08

0.39

0.52

HK16-4129A

0.51

0.15

0.05

0.28

0.37

HK16-3059A

0.51

0.24

0.07

0.27

0.39

HK16-3105A

0.49

0.07

0.03

0.08

0.15

HK16-3032A

0.48

0.25

0.04

0.24

0.32

HK16-4132A

0.48

0.21

0.17

0.52

0.72

 

SOURCE Northern Shield Resources Inc.



Contact
Northern Shield Resources Inc., Ian Bliss, President and CEO, Tel.: (613) 232-0459, Fax: (613) 232-0760, info@northern-shield.com
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Northern Shield Resources Inc.
Bergbau
A0JD7X
CA6657201084
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.