Northern Shield Provides Update on Ikertoq property, West Greenland
posted on
Sep 27, 2013 09:54AM
Concentrating on Platinum group element (PGE), Gold & Diamond exploration.
cnw
OTTAWA, Sept. 27, 2013 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") [TSXV: NRN] is pleased to provide an update on the Ikertoq
Ni-Cu-PGE project in Greenland. Northern Shield has the right to earn a
50% interest in the Ikertoq property under the terms of an option
agreement with Greenland Gold Resources Ltd.
Nine drill-holes totaling 2,124 meters were completed this summer along
with surface sampling (73 grab samples) and regional mapping and
reconnaissance. A total of 355 samples of drill-core from the program
have been sent for analysis. Six of the holes were drilled on the
eastern portion of Target A, two into the central portion and one at
Target B to the south of Target A (see website). As previously
disclosed (see press release dated August 29, 2013), lower than
expected concentrations of nickel and copper sulphide were intersected
and nothing was seen in the core to explain the conductors identified
from the previously completed VTEM survey. No significant copper or
nickel assays are reported.
A bore-hole electromagnetic survey (BHEM) and surface pulse
electromagnetic (PEM) survey were undertaken near the end of the drill
program to better explain the VTEM anomalies, which were the target of
the drill program. The results suggest that the anomalies in Target A
are likely caused by narrow, highly conductive sub-horizontal ribbons
or tubes (conductivity-thickness measurements are up to 10,000
Siemens). To date, no minerals have been intersected in drill core that
are conductive. However, a rock sample collected on surface in between
drill-holes 13IQ-02 and 06 that assayed 3.2% nickel and 11% chrome
(results based on portable XRF analysis) is highly conductive. This
could represent the source of the EM anomalies.
Also of importance is the intersection of a PGE-bearing zone in
drill-hole 13IQ-09. All 8 samples taken intermittently from 94 m to 152
m depth assayed between 0.2 g/t Pt+Pd and 0.4 g/t Pt+Pd. A second zone
of PGE mineralization (0.27 g/t Pt+Pd) was intersected at 254 m and
continues to the bottom of the hole which ended at 275 meters (see
website for assay table). Both zones of PGE mineralization are
associated with extremely low concentrations of sulphide minerals (less
than 1%) and may be stratabound.
Northern Shield will continue to study the geophysical and geochemical
data from Ikertoq in preparation for follow up exploration next year on
both the PGE zone and the highly conductive targets identified from the
BHEM and PEM survey.
The exploration program at Ikertoq was overseen by Christine
Vaillancourt, a Qualified Person under National Instrument 43-101.
Samples from Greenland are being prepared by ALS Global in Sweden and
then analyzed by ALS Global 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 is an innovative, results-driven Canadian company
focused on Platinum Group Element (PGE) and nickel-copper-(PGE)
exploration in Canada and Greenland, and copper-zinc-silver exploration
on its Wabassi and Storm properties in northern Ontario. Its mission is
to create a successful mineral exploration company through technical
excellence and efficient management, where success is measured by the
identification and development of high-quality mineral exploration
projects, which may ultimately be optioned, sold or developed for
maximum return on investment.
Forward-Looking Statements Advisory
This news release contains statements concerning the geophysics, drilling and
exploration plans, results and potential PGE and Ni-Cu-PGE and other
mineralization at the Ikertoq property, geological, geophysical,
geochemical and/or geometrical analyses of the Ikertoq property 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.
For further information:
For further information on Northern Shield and its properties, please visit our website at http://www.northern-shield.com/">www.northern-shield.com or contact:
Northern Shield Resources Inc. Ian Bliss President and CEO Tel.: (613) 232-0459 Fax: (613) 232-0760 info@northern-shield.com