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Northern Shield Revisits Idefix Ni-Cu-PGE Project in Northern Quebec
Northern Shield Revisits Idefix Ni-Cu-PGE Project in Northern Quebec Canada New...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n \n \n \n Northern Shield Revisits Idefix Ni-Cu-PGE Project in Northern Quebec\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n OTTAWA, ONTARIO\n \n \n ,\n \n \n April 27, 2022\n \n \n /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") [TSX-V: NRN] is pleased to announce that the Company is evaluating several initiatives to unlock value at the Company's 100% owned Idefix Ni-Cu-PGE Property (\"Idefix or the \"Property) in northern\n \n Quebec\n \n . The initiatives being considered include an option or joint venture, various divestiture models (subject to a retained NSR) and exploring the Property on its own.\n \n \n The Property was last diamond drilled in 2013, intersecting reef-type and disseminated PGE (platinum + palladium) sulphide mineralization. Mineralization is observed on surface and in drill core over a strike length of about 5 kilometres. Grades in the drill core average approximately 0.25 g/t PGE+Au over thicknesses ranging up to 60 metres. Interestingly, these grades are associated with very low concentrations of sulphide minerals, averaging about 0.5% sulphide (mostly pyrrhotite and chalcopyrite.) As a linear relationship between sulphide content and PGE grades has generally been observed at Idefix, a ten-fold increase in sulphide content could bring a similar order of magnitude increase in PGE grades. This is substantiated by a showing at the southern end of Idefix which grades 1.4 g/t PGE+Au over 31 metres (\n \n see\n \n Company news release dated\n \n October 10, 2013\n \n ) and is associated with approximately 3% sulphide. Such concentrations of sulphides are far too low to be detected from a VTEM airborne geophysical survey that was completed in 2016. However, this survey did identify a 500 metre-long conductor adjacent to the above mentioned showing which could represent an accumulation of massive or semi-massive sulphides.\n \n \n \n \"Idefix presents an exciting opportunity. There are very few intrusions in\n \n North America\n \n where one can trace sulphide PGE mineral...