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Northern Shield Resources Inc.
Summary
| Project: | Labrador Trough | |
|---|---|---|
| Deposit: | Huckleberry | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Nickel-PGM | |
| Date: | 11/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2016: Northern Shield Resources Inc. announces an Exploration/Drilling Update report for its Huckleberry deposit at the Labrador Trough project. Drilling results incl. 15.9m @ 0.26% Cu, 0.13% Ni, 0.28g/t PGE+Au from 118m. OTTAWA, Nov. 8, 2016 /CNW/ - | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Christine Vaillancourt (Not Stated) | |
| ABSTRACT: | OTTAWA, Nov. 8, 2016 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: 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. 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. | |
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