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Northern Shield Resources (TSXV:NRN) reported that a drill crew is being mobilized to its 100 percent owned Séquoi property in the Labrador Trough, northern Quebec. As quoted in the press release: The program plans for 5-7 drill-holes totalling 1,000 meters to test 5 geophysical targets that the Company believes to represent large scale Ni-Cu-(PGE) magmatic …
Northern Shield Resources (TSXV:NRN) reported that a drill crew is being mobilized to its 100 percent owned Séquoi property in the Labrador Trough, northern Quebec.
As quoted in the press release:
The program plans for 5-7 drill-holes totalling 1,000 meters to test 5 geophysical targets that the Company believes to represent large scale Ni-Cu-(PGE) magmatic deposits. The Séquoi targets sit at the head of a large lake bottom sediment dispersion train highly anomalous in Ni-Cu. Each target is of very high conductivity (3-4,000 Siemens) with strong coincident magnetism. The targets are clustered over a larger and deeper magnetic body interpreted by the Company to be an ultramafic magma chamber.
A pilot scale till sampling program was also recently completed at Séquoi and the neighboring Sé2 property. The principal purpose of this test program was to determine the suitability of the overburden for further till sampling in 2017.
However, results of potential importance include:
Three till samples collected immediately overlying VTEM anomaly SQ8 returned nickel and copper values approximately 2 – 3 times back ground. The three till samples assayed 66, 62 and 61 ppm copper and 74, 81 and 63 ppm nickel. Background values for copper and nickel in the area is 30 and 24 ppm respectively. One sample also returned significant gold (164 ppb).
A large angular boulder of semi-massive sulphides was also discovered in SW Séquoi. The rock consists of semi-massive sulphides (pyrrhotite and chalcopyrite) hosted in a re-crystallized chert and assayed 1.85% Cu with moderately elevated Zn. We believe this represents a new target type in southwestern Séquoi.
A full-scale till sampling program is planned for Sé2 in 2017.