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northern shield resources in (NRN) Details

Northern Shield Resources Inc., a junior mining company, identifies, acquires, explores, and develops mineral properties in Canada and Greenland. It primarily explores for platinum group elements and associated metals, including copper, zinc, silver, nickel, cobalt, diamond, gold, chromite, and vanadium deposits. The company’s principal properties include the Idefix property consisting of 45 claims covering an area of approximately 19.49 square kilometers located to the northwest of the Community of Kuujjuaq, Quebec; and the Storm Claim group comprising 102 claims located in northwestern Ontario. It also has an option to earn a 50% interest in the Ikertoq property covering an area of approximately 152 square kilometers located to the west of Kangerlussuaq international airport, west Greenland. The company was founded in 1999 and is headquartered in Ottawa, Canada.

Founded in 1999

northern shield resources in (NRN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$175.6K
Chief Financial Officer
Total Annual Compensation: C$144.5K
Compensation as of Fiscal Year 2013.

northern shield resources in (NRN) Key Developments

Northern Shield Provides Update on Activities, Mobilizes Exploration Crew to Labrador Trough

Northern Shield Resources Inc. provided an update on its activities and exploration plans. Idefix: The relatively new interpretation for a Noril'sk-type Ni-Cu-PGE massive sulphide target at Idefix has attracted the attention of several major and mid-tier mining companies as potential partners on the project, of which two are currently undertaking evaluation and due diligence on the Idefix and Huckleberry projects. While the due diligence is on-going and may take some time, Northern Shield is preparing to forge ahead with its own program to ensure exploration is conducted this season. The basis of the Noril'sk model for Idefix is the presence of Ni-Cu-PGE rich sulphide "globules" in 11 of the 14 drill-holes completed at Idefix in 2013. Globules are blebs of sulphide that have been transported away from a pool of massive sulphide over relatively short distances when the sulphides and host rock were still molten. Some of the globules at Idefix, which are up to 3 centimetres in diameter, were analysed using a portable XRF unit. The table below provides results from the analysis of some of the globules with the XRF unit. The XRF analyser does not have the capability to detect Pt at the level present in the samples. Pt:Pd ratios at Idefix are approximately 1:3 hence expected Pt values can be estimated as about 1/3 of the Pd values. It is important to understand that the data in the table represents spot analysis of the sulphide globules and does not reflect the composition of the whole rock sample; the numbers are an indication of the composition of the sulphide globule within the rock sample only. In addition, portable XRF data should also be generally treated as semi-quantitative and the results are not compliant with NI43-101. However, a globule from a sample from hole 13ID-04 was also analysed by high precision SEM at the University of Cardiff, Wales and the results, also presented in the table, are consistent with the XRF data. The SEM analysis is based on a scan of the entire globule. The data was acquired using an X-50 Portable Bench XRF analyzer from Innov-X. The analysis was carried out on core samples that were lightly polished to provide a more even surface. The window of analysis covered only a portion generally in the center of the globules of sulphides. The interpretation of all data to date suggests that the source of the globules likely lies about 300-500 meters down-dip (east) from where the globules are seen in the drill-holes. Huckleberry: An exploration crew is being mobilized to the Huckleberry Property in the southern Labrador Trough to undertake an intensive sampling program on a Cu-Ni-PGE occurrence. The Huckleberry occurrence was discovered last year on the final day of that program and very limited time was spent evaluating the occurrence due to an approaching storm. The host rock is a very coarse-grained, fractionated gabbro sill. The sill, which can be traced for over 75 kilometers, is generally 500 meters thick but increases to about 2,000 meters within the Huckleberry property. This feature may represent a channel way or keel of the sill, which would provide a trap for migrating sulphides. The occurrence consists of a gossanous outcrop measuring approximately 50 x 50 meters that contains disseminated and blebs of sulphides. A government sponsored airborne electromagnetic (EM) survey was flown over the entire region in 1986. A distinct, moderately strong, EM anomaly is located 150 meters east of the occurrence. As the amount of disseminated sulphide seen in the outcrop is insufficient to cause an EM conductor, the presence of the EM anomaly strongly suggests that the amount of mineralization seen on the surface increases to the east (down-dip). If the results from the new sampling program show similar Cu-Ni-PGE grades as those discovered last year over the entire outcrop, Northern Shield will implement an airborne EM survey with the aim of drilling any anomalies later this year.

Northern Shield Resources Inc. Auditor Raises 'Going Concern' Doubt

Northern Shield Resources Inc. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Northern Shield Resources Inc. Presents at Vancouver Resource Investment Conference, Jan-18-2015 02:40 PM

Northern Shield Resources Inc. Presents at Vancouver Resource Investment Conference, Jan-18-2015 02:40 PM. Venue: Vancouver Convention Center, 1055 Canada place, Vancouver, British Columbia, Canada.


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