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Northern Shield Provides Update on Ikertoq property, West Greenland
OTTAWA , Sept. 27, 2013 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") [TSXV...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\nOTTAWA, Sept. 27, 2013 /CNW/ - Northern Shield Resources Inc. (\"Northern\n Shield\") [TSXV: NRN] is pleased to provide an update on the Ikertoq\n Ni-Cu-PGE project in Greenland. Northern Shield has the right to earn a\n 50% interest in the Ikertoq property under the terms of an option\n agreement with Greenland Gold Resources Ltd.\n\n\nNine drill-holes totaling 2,124 meters were completed this summer along\n with surface sampling (73 grab samples) and regional mapping and\n reconnaissance. A total of 355 samples of drill-core from the program\n have been sent for analysis. Six of the holes were drilled on the\n eastern portion of Target A, two into the central portion and one at\n Target B to the south of Target A (see website). As previously\n disclosed (see press release dated August 29, 2013), lower than\n expected concentrations of nickel and copper sulphide were intersected\n and nothing was seen in the core to explain the conductors identified\n from the previously completed VTEM survey. No significant copper or\n nickel assays are reported.\n\n\nA bore-hole electromagnetic survey (BHEM) and surface pulse\n electromagnetic (PEM) survey were undertaken near the end of the drill\n program to better explain the VTEM anomalies, which were the target of\n the drill program. The results suggest that the anomalies in Target A\n are likely caused by narrow, highly conductive sub-horizontal ribbons\n or tubes (conductivity-thickness measurements are up to 10,000\n Siemens). To date, no minerals have been intersected in drill core that\n are conductive. However, a rock sample collected on surface in between\n drill-holes 13IQ-02 and 06 that assayed 3.2% nickel and 11% chrome\n (results based on portable XRF analysis) is highly conductive. This\n could represent the source of the EM anomalies.\n\n\nAlso of importance is the intersection of a PGE-bearing zone in\n drill-hole 13IQ-09. All 8 samples taken intermittently from 94 m to 152\n m depth assayed between 0.2 g/t Pt+Pd and 0.4 g/t Pt+Pd. A second zone\n of PGE mineralization (0.27 g/t Pt+Pd) was intersected at 254 m and\n continues to the bottom of the hole which ended at 275 meters (see\n website for assay table). Both zones of PGE mineralization are\n associated with extremely low concentrations of sulphide minerals (less\n than 1%) and may be stratabound.\n\n\nNorthern ...