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Last C$0.04 CAD
Change Today +0.005 / 16.67%
Volume 100.0K
NRN On Other Exchanges
As of 10:53 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

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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 covering an area of approximately 425 square kilometers located to the northwest of the Community of Kuujjuaq, Quebec; and the Storm Claim group comprising 105 claims covering an area of approximately 265 square kilometers located in northwestern Ontario. Its properties also comprise the K67 property, which consist of 4 claims covering an area of approximately 5 square kilometers; the Huckleberry property comprising 35 claims covering an area of approximately 28 square kilometers; and the Ikertoq property covering an area of approximately 124 square kilometers located in Greenland. Northern Shield Resources Inc. 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 2014.

northern shield resources in (NRN) Key Developments

Northern Shield Resources Inc. Announces Results from Reconnaissance-Level Grab Sampling Program at Huckleberry Project

Northern Shield Resources Inc. provided results from a reconnaissance-level grab sampling program undertaken on the Huckleberry project in the southern Labrador Trough, Quebec, with grades up to 10.6% Cu and 16.9 g/t Pt+Pd+Au from outcrop. The mineralization is hosted in four different geological formations, all within close proximity to one another. Northern Shield's 100% owned Huckleberry project is being explored as a large-scale magmatic copper target with nickel and platinum group elements (PGE) credits. The four mineralized zones, visually observed, from top to bottom are: an upper glomeroporphyritic gabbro (GPG), a vari-textured olivine melagabbro, a lower GPG and finally, the mineralized metasedimentary country rock. Most of the mineralization observed at Huckleberry to date is hosted in the lower GPG. Eighteen samples collected from this zone average 1.55% Cu, 0.15% Ni and 1.44 g/t Pt+Pd+Au with a high of 10.6% Cu, 0.42% Ni and 16.9 g/t Pt+Pd+Au. The samples cover a strike length of 950 meters. Immediately overlying the lower GPG is a layer of medium- to coarse-grained, vari-textured olivine melagabbro. Two samples from this zone assayed 0.62% Cu, 0.27% Ni and 0.39 g/t Pt+Pd+Au and 0.95% Cu, 0.31% Ni and 0.67 g/t Pt+Pd+Au. The sulphide mineralization consists of fine to coarse-grained, pristine interstitial and net-textured chalcopyrite and pyrrhotite. The width and extent of the olivine melagabbro layer is unknown. Approximately 50 meters above the olivine melagabbro, mineralization was observed in the upper GPG. A single sample from this area assayed 0.82% Cu, 0.04% Ni and 0.89 g/t Pt+Pd+Au. Replacement-style copper mineralization was also discovered in portions of the metasedimentary country rock which hosts the intrusion. A single sample from one such location assayed 1.6% Cu and 0.97 g/t Pt+Pd+Au.

Northern Shield Resources Inc. Identifies Pb-Zn SEDEX Target in Labrador Trough, Quebec

Northern Shield Resources Inc. announced it has staked five claim blocks totaling 96 claims in the Labrador Trough that cover 7 lead-zinc Sedimentary-Exhalative (SEDEX) targets. The target areas were identified from previously completed, government sponsored, lake-bottom sediment surveys. The target areas are clearly defined in both the raw data and after running multivariate regression as being highly anomalous in Pb, Zn as well as many of the Sedex pathfinder elements (Hg, Bi, Sn, Sb). The multivariate anomalies are defined as being in the top 98 percentile of the survey (5,132 samples).

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 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 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, 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.


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