Northern Shield Resources Inc. · TSXV:NRN
Northern Shield Resources — Investor Presentation (October 2024)
29 slides from Northern Shield Resources's investor presentation, October 2024
Slide 1: Sinter to Center: Why Root & Cellar's Gold Findings Are Just the Beginning
Sinter to Center: Why Root & Cellar's Gold Findings Are Just the Beginning CORPORATE PRESENTATION – October 2024
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT • This document contains statements concerning the potential for gold, silver, copper, tellurium and other mineralization at Root & Cellar and, geological, geophysical, geochemical and geometrical analyses of Root & Cellar and comparisons of the properties to known epitherm
Slide 3: Northern Shield Introduction
NORTHERN SHIELD INTRODUCTION 1. Our Space Northern Shield’s strength is exploring new or very early-stage projects. 2. Our Approach We view greenfield exploration as an opportunity and not just a risk. We implement a model driven approach in our exploration to reduce any risk for ourselves, our shar
Slide 4: Newfoundland
NEWFOUNDLAND Low Sulphidation – Gold Intermediate Sulphidation - Gold High Sulphidation – Gold Copper Porphyry Root & Cellar St. John’s • The Avalon Terrane in Newfoundland hosts a growing number of epithermal gold, and related copper porphyry occurrences over a 200 km long belt • All relatively new
Slide 5: The Burin Peninsula and Marystown
THE BURIN PENINSULA AND MARYSTOWN • The Burin is sparsely populated, easily accessible and under explored • The Conquest Zone is 15-minute drive from Marystown followed by a 15-minute walk • Marystown provides a ready work workforce, existing infrastructure including deep water port and a welcoming
Slide 6: Root & Cellar - Executive Summary
ROOT & CELLAR - EXECUTIVE SUMMARY GOLD-SILVER-TELLURIUM-COPPER • Gold was discovered at the Conquest Zone, Root & Cellar by a local prospector in a hand BRAXTON-BRADLEY dug trench in 2012 2.5 g/t Au, 128 g/t Ag, 1.4% Cu, • Northern Shield is the first company to 50 g/t Te conduct methodical explorat
Slide 7: Root & Cellar - Executive Summary: A Giant and High-Grade System?
ROOT & CELLAR - EXECUTIVE SUMMARY A GIANT AND HIGH-GRADE SYSTEM? The notion of a large mineralized system must be Hessite (silver telluride) Drop supported by the geology Zone, Root & Cellar 1. Tellurium is indicative of alkaline (or sub-alkaline) systems. Such system are known to produce very large
Slide 8: Regional Indication of Something Big
REGIONAL INDICATION OF SOMETHING BIG • Both the digital elevation model of the Burin Peninsula, as well as the magnetic signature, show a distinct break in the vicinity of the Root & Cellar Property • The cause of this is uncertain, but may be due to an (oblique) extensional tectonic regime which co
Slide 9: Pathfinders and Alteration
PATHFINDERS AND ALTERATION PATHFINDERS Antimony (Sb) Arsenic (As) • Excellent correlation with Hg, As, Sb, Te &K • Classic epithermal pathfinder assemblages Conquest Conquest ALTERATION • Intense, widespread and complex • Even the original textures and alteration of the least altered rocks are unrec
Slide 10: Conquest Zone
CONQUEST ZONE • Gold mineralization and Windfall anomalism over an area measuring approximately 2 sq km. • Gold overlie deep-seated IP chargeability anomalies. Conquest North • Gold mineralization is dominantly hosted in a variety of hydrothermal breccias, silica-marcasite/ or pyrite +/- illite alte
Slide 11: Conquest Zone: Questions and Answers
CONQUEST ZONE QUESTIONS AND ANSWERS • Much of the mineralization in the eastern portion of Conquest is found in an unusual, dark grey, almost black breccias yet are very siliceous and contain up to 7% K20. Similar rocks are described at Fruta del Norte. • Despite wide intersections in drill-core it
Slide 12: Conquest Feeder Targets
CONQUEST FEEDER TARGETS • Near surface gold is largely hosted in east-west trending structures and contacts • The 2021 drill-holes targeted these structures assuming they continued to depth • However, re-modelling of the geophysics showed the east-west anomalies had limited depth extent but were und
Slide 13: North Trending Feeder Structures
NORTH TRENDING FEEDER STRUCTURES • The expansion of the original Discovery Trench in 2023 revealed the very tops of the north trending feeding structures • Visible gold as well as crustiform-colloform banded quartz vein were observed in this outcrop • This area became the focus of the second drill W
Slide 14: Visible Gold, Quartz Veins & Breccias
VISIBLE GOLD, QUARTZ VEINS & BRECCIAS TSV-V: NRN 14
Slide 15: Discovery Trench Area Summary
DISCOVERY TRENCH AREA SUMMARY UP-FLOW ZONE/SINTER MOUND 10.4 g/t Au over 1.5 m 5.9 g/t Au over 2 m • Near continuous gold mineralization in incl 23.5 g/t Au over 0.5 m incl 7.5 g/t Au over 1 m area measuring approximately 100 x 35 metres New Visible Gold Occurrence 78.5g/t Au and • 7 of 8 drill hole
Slide 16: Intact Epithermal Gold System
INTACT EPITHERMAL GOLD SYSTEM Hydrothermal breccia We are here! • Interpretation of data suggests the Discovery Trench area and 2023 drilling marks the top of one of the epithermal veins in the Conquest Zone. Evidence includes: • presence of the pathfinder elements Hot-spring sediment (?) (Muddy, si
Slide 17: Sinter Outcrop
SINTER OUTCROP Late to post mineralization basalt caps the system; shows weak stockwork epidote alteration Sinter fragments DDH 23RC-21 Crustiform-colloform vein Gold at these high levels is not typical and suggestive of a very fertile system Trenched outcrop showing location of recently discovered
Slide 18: Sinters – Pathfinders to Deposits
SINTERS – PATHFINDERS TO DEPOSITS Simplified diagram showing relationship between sinter mound, lateral outflow, breccias and main vein • The Fruta del Norte epithermal gold deposit in Equador was a blind system found by recognizing that weakly gold anomalous silica horizons represented leakage (B i
Slide 19: Conquest Zone: Gold-Magnetics-IP
CONQUEST ZONE: GOLD-MAGNETICS-IP • Excellent spatial correlation between mineralization, IP and Gold mineralization magnetic lows at depth directly overlies distinct mag low and conforms to • Suggest all three components are related its boundary • Degree of magnetic destruction is significant • Magn
Slide 20: Conquest Zone – Cross Section Compilation
CONQUEST ZONE – CROSS SECTION COMPILATION Hoddor’s Pond Vein Sinter Vein • Interpretation based on geochemistry and geophysics is strongly suggestive of 3 or 4 parallel structures extending to considerable depth that host gold-bearing epithermal vein systems Boulder Vein • The same structures can be
Slide 21: Planned Drilling
PLANNED DRILLING • 8 to 15 drill-holes • 2,500 – 3000m • Focused on Conquest Zone Hoddor’s Pond Vein 5 Hole Vein Boulder Vein Sinter Vein TSV-V: NRN 21
Slide 22: The Investment Opportunity
THE INVESTMENT OPPORTUNITY “I skate to where the puck is going, not where it has been.” Wayne Gretzky Low sulphidation epithermal gold systems are renown for their bonanza grades of gold and silver but typically associated with relatively small tonnages. With grab samples up to 111 g/t gold, 1,395 g
Slide 23: Corporate
CORPORATE MANAGEMENT CAPITAL STRUCTURE Ian C. Bliss Samuel Legg Christine Vaillancourt Common Shares O/S 83.3M Fully Diluted 107.4M Stock Price C$0.045 Market Capitalization C$7M Treasury C$200,00 Debt Nil President, CEO CFO Chief Geologist DIRECTORS Ian Bliss Russ Richards Peter Dimmell Dr. Scott J
Slide 24: Contact Northern Shield
CO NTACT NO RTHERN SHIELD NORTHERN-SHIELD.COM 150 Elgin Street Suite 1000 Ottawa, ON K2P 1L4 613-232-0459 ibliss@northern-shield.com @NorthernShield 24
Slide 25: Appendix
Ap p e n d ix 25
Slide 26: Tellurium
TELLURIUM • High grade tellurium has been found at WINDFALL Drop Zone and Creston with extensive 40 ppm Te contained within moderate grade in surface samples and hessite (silver telluride) drill core from Windfall and the Conquest associated with gold and Zone elevated zinc and lead DROP ZONE CONQUE
Slide 27: Root & Cellar Copper
ROOT & CELLAR COPPER Gold anomalous soil sample Copper anomalous soil sample Gold anomalous rock sample Copper anomalous rock sample “Although much of the exploration at Root & Cellar has focused on the gold, the copper porphyry potential is very real.” • 72 samples collected from surface sampling C
Slide 28: Root & Cellar Copper Deposit Model
ROOT & CELLAR COPPER DEPOSIT MODEL Outcrops of vent breccias and magmatic hydrothermal breccias exposed in a series of quarries These types of breccias typically form from the explosive interaction of groundwater and the hot magma that formed the intrusion. The high-grade copper found to date in the
Slide 29: IP Anomalies and Gold Mineralization
IP ANOMALIES AND GOLD MINERALIZATION • Good spatial correlation between near surface IP anomalies and gold intersections Line 5200E IP Chargeability (Drill intersections projected back onto Line 5200E from 5240E) TSV-V: NRN 29
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