Northern Shield Resources Inc. · TSXV:NRN
Northern Shield Resources — Investor Presentation (December 2015)
26 slides from Northern Shield Resources's investor presentation, December 2015
Slide 1: Corporate Presentation
Corporate Presentation NRN: TSX Venture December, 2015 A unique opportunity…
Slide 2: Northern Shield is focused on exploring for PGE deposits
2 • Northern Shield is focused on exploring for platinum and palladium group element (“PGE”) deposits and Noril’sk style nickel- copper-PGE deposits primarily in the Labrador Trough of Northern Quebec. • Northern Shield has become known around the world as a leader in grass roots exploration for PGE
Slide 3: Why the Labrador Trough
3 Why the Labrador Trough At over 500 km long, the gabbroic Labrador sills of the Labrador Trough Trough represents one of the largest PGE targets in the world. IDEFIX These gabbroic sills and associated mafic ultramafic rocks are highly HUCKLEBERRY prospective for: • Reef or contact type PGE deposi
Slide 4: Huckleberry Property Nearby Infrastructure
4 Huckleberry Property Nearby Infrastructure The Schefferville area is best known for its iron-ore deposits but the potential for large-scale magmatic Cu-(Ni-PGE) mineralization has largely been overlooked.
Slide 5: 2014 discovery of Cu-(Ni-PGE) mineralization at Huckleberry
5 In 2014 Northern Shield discovered Cu- (Ni-PGE) mineralization at Huckleberry and subsequent exploration has confirmed the mineralization to be very extensive. Of the 147 samples collected from Huckleberry, 98 assay greater than 0.3% Cu with an average grade of 1.1 % Cu, 0.2% Ni and 0.8 g/t PGE+Au
Slide 6: Huckleberry explored as large tonnage segregated magmatic copper target
6 Huckleberry is being explored as a large tonnage, segregated magmatic copper target associated with nickel and PGEs. Similar deposits include First Quantum’s Kevitsa deposit in Finland and Teck’s Mesaba deposit, Duluth Complex, Minnesota. These deposits form when copper-rich fluids are segregated
Slide 7: Huckleberry sample assay results by zone
7 Zone Sample Cu (%) Ni (%) Au (g/t) Pt (g/t) Pd (g/t) PGE+Au (g/t) Upper GPG 424515 0.82 0.04 0.13 0.23 0.52 0.89 Olivine 424501 0.62 0.27 0.05 0.07 0.27 0.39 Melagabbro Olivine 424517 0.95 0.31 0.10 0.13 0.45 0.67 Melagabbro GPG 424502 2.36 0.04 0.11 0.09 0.27 0.48 GPG 424503 1.00 0.10 0.09 0.16 0
Slide 8: Western Zone, Discovery Zone, High-Grade Boulder
8 Western Zone Huckleberry Sill Complex • 3 kilometer strike length • 71 samples > 0.3% Cu • Average 1.2% Cu, 0.2% Ni, 1.1 g/t PGE+Au Discovery Zone • Continuously mineralized over a 600 meter strike length and up to 100 meters wide • 51 samples > 0.3% Cu • Average 1.4% Cu, 0.2% Ni, 1.3 g/t PGE+Au H
Slide 9: Copper-rich Breccia
9 Copper-rich Breccia Of importance, is the discovery of a large angular boulder within the property consisting of an anorthosite breccias/glomerocrysts in a matrix of bronzite and cemented by chalcopyrite that assayed 4.04% Cu and 1 g/t PGE+Au. The fragments of anorthosite that compose the breccia
Slide 10: 1.2% Nickel xenolith
10 1.2% Nickel A large gabbro *xenolith (approx. 0.5-1 meter long) hosting semi-massive sulphides was observed at one location in the Discovery Zone at the base of a layer of Olivine Melagabbro. A sample of the xenolith assayed 1.17% Ni, 0.83% Cu and 1.08 g/t PGE+Au. The presence of the xenolith ind
Slide 11: Huckleberry Complex Western Zone Magnetic Signature
11 Huckleberry Complex Large magnetic anomaly suggests Western Zone significant Magnetic Signature mineralization Note strong continue at depth correlation of surface Cu-PGE mineralization to magnetic portions of the Huckleberry sill. Discovery Zone Nickel-rich Xenolith Copper-rich Boulder
Slide 12: Magma injection and xenolith transport model
12 1) Injection of olivine melagabbro magma into copper-rich anorthosite 2) Magma picks up blocks (xenoliths) of massive sulphide and transports them up into Current level of erosion the main body of the sill. 3) Magma spreads out to form layer of olivine melagabbro. The OMG which carries moderate N
Slide 13: Extensive Cu-(Ni-PGE) mineralization discovered at Huckleberry
13 Northern Shield has discovered extensive Cu-(Ni-PGE) mineralization at Huckleberry in a very short period of time confirming the potential for the property to host a large-scale, segregated magmatic copper target with nickel and PGE credits. Huckleberry stands out as being a very complex and dyna
Slide 14: Brecciated Anorthosite
14 Brecciated Anorthosite Anorthosite Fragments • 4.04% Cu with fine disseminated • 0.15% N sulphides in bronzite matrix Chalcopyrite CPX CPX
Slide 15: Idefix Property: PGE Fertile
15 PGE Fertile Of the 1,614 samples collected at Idefix, 934 assay greater than 0.1 g/t PGE+Au Idefix Property Brian Property
Slide 16: Idefix Ridge, Eastern Showing, La Colline Showing
16 Idefix Ridge 1:3 Pt:Pd Ratio 10 g/t 4 g/t 14 g/t Eastern Showing 1:1 Pt:Pd Ratio 7 g/t 11 g/t PGE+AU 8 g/t 4 g/t 16 g/t 3 g/t 4 g/t 4 g/t 7 g/t La Colline Showing 1:3 Pt:Pd Ratio 7 g/t 10 g/t 16 m averaging 2 g/t PGE+Au 5 g/t 0.38% Cu 5 g/t 0.13 Ni 16 g/t
Slide 17: Drill intercept width and grades
17 Width Ni Cu Pd Pt Au PGE (m) (%) (%) (g/t) (g/t) (g/t) +Au (g/t) 31.4 0.10 0.28 1.01 0.33 0.06 1.41 including 15.8 0.13 0.38 1.41 0.45 0.09 1.94
Slide 18: Evidence of Massive Ni-Cu-PGE Sulphides at Idefix
18 IDEFIX Evidence of Massive Ni-Cu-PGE IDEFIX Sulphides at Idefix • “Globules” of sulphide were observed in nearly every drill- hole along the 2.5 km Idefix Ridge 2 cm • The globules contain ~2% Ni, ~2% Ni ~4% Cu and ~ 20 g/t Pd ~4% Cu ~20 g/t Pd • They are very similar to the globules observed adj
Slide 19: What Are Globules
19 Ni-Cu-PGE massive sulphides Globules Magma Flow What Are Globules • Globules result from small amounts of liquid sulphide being transported away from a pool of massive sulphide by an injecting pulse of magma during sill emplacement. • They are important as they cannot travel very far so their pre
Slide 20: The Target
20 IDEFIX PGE The Target REEF • Interpretations of available data suggest that the source of the sulphide globules present in every drill- hole along the 2.5 kilometer-long Idefix Ridge would be located Noril’sk-type 4-500 meters down-dip Ni-Cu-PGE massive sulphides
Slide 21: Further Evidence
21 Further Evidence Noril’sk-type • The target area coincides with a Ni-Cu-PGE linear magnetic feature which may massive sulphide represent the accumulation of target massive sulphides in the “keel” of the sill. • The geochemical signature of mineralization observed at La Colline suggests associatio
Slide 22: Science-driven project generation track record
22 Since its inceptions, nearly all of Northern Shield’s main projects have been generated from its own initiative and science-driven strategy and not based on “close-ology.” This includes: • The discovery of a large layered intrusion at Highbank Lake that was optioned to Impala in 2005 whom spent $
Slide 23: Focus: Platinum Group Elements, Nickel-Copper
23 Focus Platinum Group Elements Nickel-Copper Location Northern Ontario, Quebec Symbol NRN: TSX-V Last Price $0.2 Shares Outstanding 158.6 million Fully diluted 166 million 52 Week High/Low $0.04/$0.01 Major Shareholders Management and Directors: 6.0% O/S Teck Resources Limited: 7.5% O/S HudBay Min
Slide 24: Directors, Management, Advisors
24 DIRECTORS • William Kiff - Chairman (formerly Foothills Oil and Gas Inc) • Ian Bliss • Dr. Scott Jobin-Bevans (former President of PDAC) • Dr. Neil Bliss (formerly with Alcan International Ltd) • Marcus Archer (Norton Rose Fullbright LLP) MANAGEMENT • Ian Bliss - President, CEO, Director • Samuel
Slide 25: Ian Bliss, President & CEO
Ian Bliss, President & CEO +1.613.232.0459 55 Metcalfe Street Suite 440 Ottawa, Ontario K1P 6L5 www. northern-shield.com Canada info@northern-shield.com
Slide 26: Forward-Looking Statements Advisory
Forward-Looking Statements Advisory This document contains statements concerning the potential for PGE, Ni –CU and other mineralization at Idefix and Huckleberry geological, geophysical, geochemical and geometrical analyses at Idefix and Huckleberry and other expectations, plans, goals, objectives,
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