Northern Shield Resources has announced the discovery of a new copper-gold occurrence north of the Company's 100% owned Séquoi Property with grades up to 15.8% Cu, 93 g/t Ag and 9 g/t Au.
The discovery was made during the reconnaissance of selected targets in the southern Labrador Trough. The mineralization appears to be shear-hosted.
Follow-up mapping and sampling will commence in August at the end of the Huckleberry drill program.
"Our drilling at Séquoi last year identified a structure that we believed could be gold-bearing and the results from the reconnaissance seems to support that interpretation along with significant copper and silver grades," explains Northern Shield President and CEO, Ian Bliss. "The gold potential of the Labrador Trough is coming into prominence after several recent discoveries and the arrival of a major gold mining company into the area. We are very excited about this discovery and look forward to exploring it further to determine its extent and geological context."
The reconnaissance program was overseen by Christine Vaillancourt, P. Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Sudbury, Ontario and in Vancouver, BC, for Au, Pt and Pd by Fire Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES.
Northern Shield Resources Inc. is a Canadian-based company focused on exploring for platinum group element ("PGE") and nickel-copper-PGE deposits. It is known as a leader in grass roots exploration for Ni-Cu-PGEs and the understanding of magmatic systems as it applies to exploration.