Northern Shield Provides Updates on Exploration at Nickel and PGE Properties in James Bay Lowlands
Northern Shield Resources Inc. announce that an airborne VTEM survey has just been completed by Geotech Ltd over its 100% owned Wabassi property which is being explored for Ni-Cu-PGEs. In addition, Impala is funding an airborne VTEM survey over a portion of the Highbank Lake Property, which is believed by Northern Shield’s management to be the most prospective for PGEs within the Highbank Property. The survey is expected to commence next week and is being flown by Geotech Ltd at 150 meter spaced lines.
Drilling is continuing on the Max property which is adjacent to the Wabassi Property. Assays are still pending on previous holes.
Two VTEM survey lines will also be flown over Northern Shield’s 100% owned Eastbank property. These survey lines will provide a geophysical cross-section through the interpreted intrusion which will help guide the diamond drill program at Eastbank which is planned to commence upon the completion of work at Max and Wabassi. Northern Shield interprets the concentric magnetic pattern at Eastbank to represent the ultramafic portion of very large layered intrusive complex. Fragments of peridotite and grains of chromite with exceptional high chrome to iron ratios have been found in the overburden overlying the target. Chromitite boulders and strong PGE anomalies have also previously been identified in till samples collected down-ice from the Eastbank and Highbank properties.
The “Max” nickel-copper-PGE prospect is located adjacent to Northern Shield’s 100% owned Wabassi property in northwestern Ontario. Under Northern Shield’s option agreement with East West Resource Corporation, Northern Shield is the operator and manager of exploration at Max and has the right to option to earn up to 66% interest in the property. Northern Shield is exploring its Wabassi property for nickel-copper-(PGE) mineralization, and believes that the Wabassi north and East West’s Max targets are parts of a feeder conduit to the main Wabassi intrusion.
Northern Shield is an innovative, results-driven Canadian company focused on diamond and Platinum Group Element (PGE) exploration in 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.
For further information please visit www.northern-shield.com