OTTAWA, Nov. 15, 2017 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSX-V: NRN) is pleased to provide results from a till sampling program undertaken at Sé2 ("the Property"). The results show anomalous gold, locally combined with anomalous copper. The survey was designed to cover a portion of the VTEM survey completed in 2016. Although the claims were originally staked for their nickel potential, the discovery of gold and copper on the Company's "88 Claim Property" nearby (see Press Release dated July 25th, 2017) and other discoveries in the Labrador Trough prompted more attention to gold in the area.
Seventy-nine till samples were collected over approximately 130 square kilometres and each sample was analysed for a multi-element geochemical suite as well as picked for heavy mineral sorting. In total, 198 grains of gold were picked (normalized to 5 kilograms) from the 79 samples with the most anomalous sample containing 13 grains. Twenty-five of the gold grains are in pristine condition, suggesting proximity to source. Geochemical analysis results are consistent with the number of observed gold grains picked from the till samples. Five samples returned greater than 50 ppb Au with a high of 98 ppb Au. Tungsten, often a pathfinder for gold mineralization, is locally anomalous with a high of 704 ppb W compared to background assays of 70 ppb W. Copper is also locally anomalous (up to 108 ppm Cu).
Although outcrop is very limited within the Property, it is possible to define a tightly folded unit from the airborne Magnetic-VTEM survey completed in 2016. The gold anomalies in the till study appear to be generally confined to this unit.
These results continue to highlight the gold potential of the Labrador Trough and the Sé2 area showing similarities to Lode Gold systems elsewhere and will factor into the Company's exploration programs being planned for next year.
The program was overseen by Christine Vaillancourt, P. Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Sudbury, Ontario and in Vancouver, BC, for trace elements by aqua regia digestion and a combination of ICP-MS and ICP-AES. Heavy mineral processing and gold grain picking were undertaken by Overburden Drilling Management Ltd. in Ottawa, Ontario.
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 and geological, and geometrical analyses of the southern Labrador Trough properties 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.
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