The Property was last diamond drilled in 2013, intersecting reef-type and disseminated PGE (platinum + palladium) sulphide mineralization. Mineralization is observed on surface and in drill core over a strike length of about 5 kilometres. Grades in the drill core average approximately 0.25 g/t PGE+Au over thicknesses ranging up to 60 metres. Interestingly, these grades are associated with very low concentrations of sulphide minerals, averaging about 0.5% sulphide (mostly pyrrhotite and chalcopyrite.) As a linear relationship between sulphide content and PGE grades has generally been observed at Idefix, a ten-fold increase in sulphide content could bring a similar order of magnitude increase in PGE grades. This is substantiated by a showing at the southern end of Idefix which grades 1.4 g/t PGE+Au over 31 metres (see Company news release dated
"Idefix presents an exciting opportunity. There are very few intrusions in
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This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Idefix Property , geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold and magmatic Ni-Cu-PGE deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward‑looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward‑looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.
The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward‑looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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