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Northern Shield Options Cobalt-Gold-Copper Property in Nova Scotia
May. 22, 2018 09:52AM PST
Base Metals Investing Northern Shield has announced that it has signed an option agreement with a prospector that gives the company the right to acquire up to an 80 percent interest in the Five Island Property in Nova Scotia through a subsidiary.
Northern Shield Resources (TSXV:NRN) has announced that it has signed an option agreement with a prospector that gives the company the right to acquire up to an 80 percent interest in the Five Island Property in Nova Scotia through a subsidiary, Seaborne Resources.
As quoted in the press release:
The Five Island Property is adjacent to the claim groups the company acquired last week through map staking and the two are being explored for iron-oxide-copper-gold type cobalt-copper-iron-gold mineralization. The Five Island Property covers intensely altered and fractured basalt at the contact of a granite believed to be of Devonian/Carboniferous age. Stream sediment samples analyzed by the Nova Scotia Department of Natural Resources with up to 650 ppm cobalt are located within the Property.
Click here to view the full Northern Shield Resources (TSXV:NRN) press release.
