Northern Shield Resources Inc.

Published : November 08th, 2016

Northern Shield Intersects Extensive Copper-(Nickel-PGE) Mineralization at Huckleberry with Follow-up Drilling Being Planned; Prepares to Drill Séquoi.

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Keywords :   Copper | Georgia | Nickel | Platinum | Ratios | Silica | Sulphur | Zinc |

Northern Shield Intersects Extensive Copper-(Nickel-PGE) Mineralization at Huckleberry with Follow-up Drilling Being Planned; Prepares to Drill Séquoi.

Ottawa, Ontario (November 8, 2016)
- Northern Shield Resources Inc. ('Northern Shield' or the 'Company') [TSX-V: NRN] is pleased to provide results from the drilling program at Huckleberry. The Huckleberry program was executed under the terms of the Option Agreement with South32, announced on June 7, 2016.

Seven drill-holes, totaling 2,053 metres were completed. Drill-holes 16HK-01, -06, and -07 targeted the peridotite/olivine melagabbronorite unit which hosts the main mineralization in the Western Zone; 16HK-02 targeted the western contact of the Huckleberry Intrusion; 16HK-03 and -04 targeted VTEM anomalies in the Eastern Zone and drill-hole 16HK-05 targeted the central portion of the Huckleberry Intrusion. Drill-hole 16HK-03 was abandoned after 100 metres due to technical difficulties.

All but one of the seven drill-holes intersected disseminated magmatic copper-(nickel-PGE) mineralization with twenty-nine samples assaying greater than 0.3% Cu in association with Ni and PGEs. Select samples are shown in Table 1. Importantly, drill-holes 16HK-01, -06 and -07 all intersected the mineralized peridotite unit interlayered with a glomeroporphyritic gabbronorite (GPG). The mineralization in a sequence of interlayered peridotite and GPG is seen to thicken northward and down-dip from 9 metres in 16HK-01 to 52 metres in 16HK-07, including the interval reported in Table 1. The increase in sulphide content along with other geological features provides a vector to potentially massive sulphide mineralization down-dip and north of this hole. The similarity in geology and associated mineralization of the drill-holes along the Western Zone suggests that the mineralization is continuous for approximately 2 kilometres and still open to the north of 16HK-07, south of 16HK-01, and down-dip to the east.

Core from drill-hole 16HK-07 at 131.3 metres.

Mineralization in drill-holes 16HK-03 and -04 along the Eastern Zone occurs in a xenocrystic gabbronorite with disseminated blebs of pyrrhotite and chalcopyrite over a few metres. Both holes 16HK-03 and -04 have on average 0.36% Cu and 0.1% Ni over 4.0 (61.2 to 65.2 metres) and 4.64 metres (329.66 to 334.31), respectively. The geological sequence and mineralization is very similar in both holes which are 2.4 kilometres apart.

The sedimentary units located below, above and within the Huckleberry Intrusion, consist of argillites, sandstones, and mudstones. Some of the sedimentary intervals are conductive due to the presence of graphitic argillites, pyrite, and pyrrhotite banding. Chlorite and silica alteration was present within various sedimentary intervals. Several quartz-carbonate-chlorite veins and fractures also contained chalcopyrite. Disseminated copper and zinc was noted in nearly all sedimentary units and within the intrusion near the contact. Although the complexity and sulphidic nature of some of the sedimentary rocks present challenges for airborne EM depth penetration and interpretation, they are an excellent sulphur and contaminant source for the formation of Ni-Cu-PGE massive sulphides in the Huckleberry Intrusion.

Northern Shield President & CEO Ian Bliss commented, 'The intersection of modest to significant mineralization in all but one drill-hole, highlights the extensive nature of the mineralization at Huckleberry. These first holes were always planned as 'scout' holes, and the assay results, geochemical ratios and core observation provide distinct and encouraging vector information with follow up drilling and ground geophysics being planned for next season.'

Preparations for a drill program at Séquoi later this month are underway. An update on this program and highlights from a pilot-scale till and boulder sampling program will follow shortly.

Table 1. Select assays from the Huckleberry Project.

Drill Hole

From (m)

To (m)

Interval (m)

Cu (%)

Ni (%)

PGE+Au (g/t)

16HK-01

163

172

9

0.34

0.19

0.34

including

16HK-01

163

164

1

0.55

0.19

0.45

16HK-01

164

165

1

0.54

0.23

0.32

16HK-01

165

166

1

0.28

0.22

0.38

16HK-01

166

167

1

0.17

0.16

0.23

16HK-01

167

168

1

0.19

0.18

0.27

16HK-01

168

169

1

0.40

0.24

0.43

16HK-01

169

170

1

0.42

0.25

0.48

16HK-01

170

171.04

1.04

0.35

0.17

0.32

16HK-01

171.04

172

0.96

0.17

0.09

0.23

16HK-06

84

90

6

0.29

0.13

0.40

including

16HK-06

84

85

1

0.23

0.11

0.33

16HK-06

85

86

1

0.26

0.12

0.37

16HK-06

86

87

1

0.32

0.14

0.36

16HK-06

87

88

1

0.32

0.18

0.49

16HK-06

88

89

1

0.37

0.13

0.53

16HK-06

89

90

1

0.23

0.09

0.33

16HK-06

122.22

130.78

8.56

0.26

0.18

0.32

including

16HK-06

122.22

123.12

0.9

0.32

0.21

0.45

16HK-06

123.12

124.12

1

0.52

0.24

0.37

16HK-06

124.12

125.1

0.98

0.17

0.14

0.23

16HK-06

125.1

125.35

0.25

0.10

0.13

0.24

16HK-06

125.35

126.26

0.91

0.17

0.18

0.31

16HK-06

126.26

127.18

0.92

0.31

0.20

0.36

16HK-06

127.18

128.05

0.87

0.39

0.22

0.46

16HK-06

128.05

128.95

0.9

0.25

0.17

0.33

16HK-06

128.95

129.85

0.9

0.11

0.11

0.23

16HK-06

129.85

130.78

0.93

0.10

0.12

0.16

16HK-07

118

133.9

15.9

0.26

0.13

0.28

including

16HK-07

118

119

1

0.16

0.15

0.27

16HK-07

119

119.45

0.45

0.84

0.19

0.28

16HK-07

119.45

120.15

0.7

0.44

0.21

0.71

16HK-07

120.15

120.8

0.65

0.37

0.17

0.58

16HK-07

120.8

121.4

0.6

0.05

0.02

0.03

16HK-07

121.4

122.4

1

0.20

0.10

0.25

16HK-07

122.4

123.2

0.8

0.13

0.05

0.13

16HK-07

123.2

124

0.8

0.11

0.03

0.10

16HK-07

124

125

1

0.44

0.20

0.42

16HK-07

125

126

1

0.18

0.09

0.32

16HK-07

126

127

1

0.07

0.04

0.07

16HK-07

127

128

1

0.17

0.04

0.12

16HK-07

128

129

1

0.37

0.15

0.35

16HK-07

129

130

1

0.31

0.23

0.36

16HK-07

130

131

1

0.32

0.22

0.36

16HK-07

131

131.9

0.9

0.45

0.25

0.39

16HK-07

131.9

132.9

1

0.13

0.08

0.15

16HK-07

132.9

133.9

1

0.25

0.18

0.30

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.

Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: (613) 232-0459

Fax: (613) 232-0760
[email protected]

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.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

Northern Shield Resources Inc.

EXPLORATION STAGE
CODE : NRN.V
ISIN : CA6657201084
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Northern Shield Res. is a and palladium exploration company based in Canada.

Northern Shield Res. holds various exploration projects in Canada.

Its main exploration properties are WABASSI, FAINT HOPE, FRIDAY CREEK and HIGHBANK LAKE in Canada.

Northern Shield Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 9.2 millions as of today (US$ 6.8 millions, € 6.1 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.46, and its lowest recent point on August 11, 2022 at CA$ 0.01.

Northern Shield Res. has 205 040 000 shares outstanding.

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Financings of Northern Shield Resources Inc.
5/3/2013Announces Upsize to Previously Announced Private Placement
Project news of Northern Shield Resources Inc.
6/6/2011(Wabassi)increases land holdings at Wabassi, 7,700 line kilometers of...
Corporate news of Northern Shield Resources Inc.
7/28/2016Northern Shield Defines More Copper Mineralization at Huckle...
7/12/2016Northern Shield Completes First Tranche of Financing for Gro...
6/23/2016Airborne EM Surveys Underway at Huckleberry, Séquoi and Idef...
5/11/2016Northern Shield Triples Size of Huckleberry Property and Pro...
4/13/2016Northern Shield adds $182,250 in Second Tranche of Financing...
4/7/2016Northern Shield Completes First Tranche of Financing for Gro...
9/23/2015Northern Shield Completes Financing for Gross Proceeds of $3...
12/4/2014Northern Shield Focuses in on Noril'sk-type Ni-Cu-PGE Massiv...
9/8/2014Northern Shield Continues to Expand PGEs at Idefix, Quebec
9/8/2014Continues to Expand PGEs at Idefix, Quebec
7/14/2014Northern Shield Completes Reconnaissance of PGE Targets in L...
6/19/2014Discovery Harbour Granted Option to Acquire Additional 49% I...
6/19/2014(Wabassi)Discovery Harbour Granted Option to Acquire Additional 49% I...
6/19/2014Northern Shield Receives $1.4 Million Cash and Royalties Thr...
4/1/2014Wabassi Joint Venture Partner Comments on the Agreement betw...
1/15/2014(Wabassi)Discovery Harbour Reports the Results of the Fall, 2013 Dril...
12/11/2013(Wabassi)Discovery Harbour Reports the Completion of the Fall, 2013 D...
8/29/2013Provides Updates on Idefix and Ikertoq properties; Intersect...
7/29/2013Commences Drilling for PGEs at Idefix, northern Quebec
6/13/2013Prepares to Mobilize to Greenland
5/15/2013(Wabassi)Intersects Gold Veinlet at Wabassi - Drilling to Resume to T...
5/9/2013Announces Closing of Upsized C$2.7 Million Financing
4/22/2013Announces up to C$2.2 million Financing
11/6/2012Announces Drilling Underway at Tempest Property, Northern ...
9/14/2012Finds 16.2 g/t PGEs+Au over 1 meter at Idefix Property, ...
7/18/2011Acquires Two New PGE Properties in the Labrador Trough, ...
6/29/2011Completes Private Placement for Gross Proceeds of $2.5 m...
6/2/2011(Highbank Lake)to Drill Highbank Lake
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