OTTAWA , June 11, 2015 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") [TSXV: NRN] is pleased to provide results from a
reconnaissance-level grab sampling program undertaken on the
Huckleberry project in the southern Labrador Trough, Quebec , with
grades up to 10.6% Cu and 16.9 g/t Pt+Pd+Au from outcrop. The
mineralization is hosted in four different geological formations, all
within close proximity to one another. Northern Shield's 100% owned
Huckleberry project is being explored as a large-scale magmatic copper
target with nickel and platinum group elements (PGE) credits.
The four mineralized zones, visually observed, from top to bottom are:
an upper glomeroporphyritic gabbro (GPG), a vari-textured olivine
melagabbro, a lower GPG and finally, the mineralized metasedimentary
country rock.
Most of the mineralization observed at Huckleberry to date is hosted in
the lower GPG. Eighteen samples collected from this zone average 1.55%
Cu, 0.15% Ni and 1.44 g/t Pt+Pd+Au with a high of 10.6% Cu, 0.42% Ni
and 16.9 g/t Pt+Pd+Au. The samples cover a strike length of 950 meters.
Immediately overlying the lower GPG is a layer of medium- to
coarse-grained, vari-textured olivine melagabbro. Two samples from this
zone assayed 0.62% Cu, 0.27% Ni and 0.39 g/t Pt+Pd+Au and 0.95% Cu,
0.31% Ni and 0.67 g/t Pt+Pd+Au. The sulphide mineralization consists of
fine to coarse-grained, pristine interstitial and net-textured
chalcopyrite and pyrrhotite. The width and extent of the olivine
melagabbro layer is unknown. Approximately 50 meters above the olivine
melagabbro, mineralization was observed in the upper GPG. A single
sample from this area assayed 0.82% Cu, 0.04% Ni and 0.89 g/t Pt+Pd+Au.
Replacement-style copper mineralization was also discovered in portions
of the metasedimentary country rock which hosts the intrusion. A single
sample from one such location assayed 1.6% Cu and 0.97 g/t Pt+Pd+Au.
Detailed assay results from the grab sampling program at Huckleberry are
set forth below:
Zone
|
Sample
|
Cu (%)
|
Ni (%)
|
Au (g/t)
|
Pt (g/t)
|
Pd (g/t)
|
PGE+Au (g/t)
|
Upper GPG
|
424515
|
0.82
|
0.04
|
0.13
|
0.23
|
0.52
|
0.89
|
Olivine Melagabbro
|
424501
|
0.62
|
0.27
|
0.05
|
0.07
|
0.27
|
0.39
|
Olivine Melagabbro
|
424517
|
0.95
|
0.31
|
0.10
|
0.13
|
0.45
|
0.67
|
GPG
|
424502
|
2.36
|
0.04
|
0.11
|
0.09
|
0.27
|
0.48
|
GPG
|
424503
|
1.00
|
0.10
|
0.09
|
0.16
|
0.40
|
0.65
|
GPG
|
424504
|
0.82
|
0.18
|
0.07
|
0.08
|
0.32
|
0.47
|
GPG
|
424505
|
1.49
|
0.42
|
0.06
|
0.15
|
0.62
|
0.83
|
GPG
|
424506
|
0.48
|
0.12
|
0.06
|
0.04
|
0.20
|
0.29
|
GPG
|
424507
|
0.71
|
0.22
|
0.04
|
0.09
|
0.31
|
0.44
|
GPG
|
424508
|
1.25
|
0.13
|
0.06
|
0.12
|
0.44
|
0.63
|
GPG
|
424513
|
0.95
|
0.30
|
0.06
|
0.07
|
0.40
|
0.52
|
GPG
|
424514
|
1.30
|
0.37
|
0.06
|
0.22
|
0.60
|
0.89
|
GPG
|
424516
|
10.60
|
0.04
|
1.10
|
5.11
|
10.70
|
16.91
|
GPG
|
424518
|
1.00
|
0.02
|
0.08
|
0.10
|
0.38
|
0.55
|
GPG
|
424519
|
0.67
|
0.16
|
0.03
|
0.07
|
0.27
|
0.37
|
GPG
|
424525
|
0.65
|
0.13
|
0.02
|
0.08
|
0.22
|
0.33
|
GPG
|
424528
|
0.22
|
0.07
|
0.01
|
0.02
|
0.18
|
0.20
|
GPG
|
424532
|
1.73
|
0.04
|
0.03
|
0.12
|
0.54
|
0.69
|
GPG
|
424536
|
0.51
|
0.09
|
0.0
|
0.08
|
0.27
|
0.38
|
GPG
|
424512
|
1.28
|
0.14
|
0.10
|
0.12
|
0.55
|
0.78
|
GPG
|
424524
|
0.98
|
0.05
|
0.01
|
0.14
|
0.36
|
0.51
|
Metasedimentary
|
424520
|
1.60
|
0.01
|
0.64
|
0.05
|
0.28
|
0.97
|
A government sponsored airborne electromagnetic (EM) survey was flown
over the entire region in 1986. A distinct, moderately strong EM
anomaly is located 150 meters east of the occurrence. It is parallel to
the mineralization and can also be traced for 1.2 kilometers. As the
amount of disseminated sulphide (average 6%) seen in outcrop is
insufficient to cause an EM conductor, the presence of the EM anomaly
strongly suggests that the amount of mineralization seen on the surface
increases to the east (down-dip).
A fifth zone with Cu-Ni-(PGE) mineralization was also identified two
kilometers away, on the northeast side of the property, but has lower
overall values with five samples averaging 0.23% Cu and 0.14% Ni.
"We are remarkably encouraged and optimistic with what our geologist
uncovered in just a day and a half on the property," states Northern
Shield President and CEO, Ian Bliss . "Our geologic studies and
modelling over the winter suggested that there is a lot more to this
target than we first thought and results are now beginning to support
that. We not only see extensive copper mineralization, but we see it in
three or four geological settings. Such features are generally
indicative of large systems. The very high PGE values are also an
indication of a segregated magmatic copper system. There are also
numerous other mineralized zones that were spotted during a helicopter
reconnaissance of the property that have yet to be sampled."
Huckleberry is being explored as a large-scale magmatic copper target
with nickel and PGE credits. However, Ni-Cu-PGE deposits are sometimes
zoned with nickel-rich cores grading to copper-rich zones at the top
and peripheries. If such a nickel-rich portion exists at Huckleberry,
it may be contiguous with the copper rich portions at depth or in a
separate body.
Northern Shield is planning an intensive sampling program and airborne
EM survey to better define the interpreted anomalies from the regional
1986 survey.
The reconnaissance 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 mineral exploration
company built around its platinum group element (PGE) expertise, which
forms the basis of its exploration in eastern Canada .
Forward-Looking Statements Advisory
This newsrelease 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 performancethat 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 Shieldand 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.