Northern Shield Resources Defines Gold Anomaly at its Faint Hope Property in northern Ontario
Northern Shield Resources Inc. an innovative, results-driven Canadian company focused on Platinum Group Element (PGE) exploration in Ontario announce the completion of a soil sampling survey over its 100% owned Faint Hope property north of Cochrane, Ontario, which is being explored for Homestake-style gold mineralization. The property, which consists of 6 contiguous claims, covers what is interpreted from airborne geophysics to be an iron-formation intruded by a diorite or granite body that sits in the middle of a prominent, east-west regional fault zone. Northern Shield’s property is surrounded to the east and west by claims staked by Lake Shore Gold Corp.
“We are very encouraged by these early results and are currently evaluating certain possibilities to advance this very interesting gold prospect while maintaining our focus at Highbank Lake and our other PGE projects,” said Northern Shield’s president and CEO, Ian Bliss.
The survey, which was completed last month, was cut short due to heavy rains; however, the results show enrichment of gold in the soils overlying the rim of the intrusion in association with elevated arsenic and copper. The samples were analysed by a selective leach method for which relative values are used to determine enrichment, rather than absolute values. Selective leach methods were designed to detect a geochemical response to buried mineralization directly above the bedrock source.
Exploration was supervised by Christine Vaillancourt, Northern Shield’s Chief Geologist and a Qualified Person under National Instrument 43-101. Soil samples were analysed by ALS Chemex laboratories in Perth, Australia, using the ionic leach method, an innovative partial extraction using NaCN, Citric acid, NH(3)Cl and EDTA in an acid-buffered solution.