meckaadmin Ottawa, Ontario (May 20 2015) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to provide an update on its activities and exploration plans.
Ottawa, Ontario (May 20 2015) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to provide an update on its activities and exploration plans.
Ottawa, Ontario (September 8, 2014) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to announce partial results from exploration and reconnaissance on several of its 100% owned Labrador Trough projects.
Ottawa, Ontario (July 14, 2014) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to announce that it has completed the first phase of this seasons exploration for PGE and Ni-Cu-PGEs in the Labrador Trough.
Ottawa, Ontario (June 18, 2014) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to announce that is has sold its remaining interest in the Wabassi property to Great Lakes Resources LLC (“Great Lakes”), a private US based company, for $1.4 million cash and royalties. Under the terms of the sale agreement, Northern Shield transferred its 49% interest in the Wabassi property and its 59% interest in the neighbouring Max property to Great Lakes for a cash payment of $1.4 million. Northern Shield will maintain a 0.5% net smelter return ("NSR") royalty on the Wabassi property and a 0.6% NSR royalty on the Max property. Half of each NSR royalty are subject to a buy-back. Northern Shield also granted Great Lakes a First Right of Refusal on the Storm Property in which Northern Shield still maintains a 100% interest. This transaction supersedes and replaces an option agreement signed by Great Lakes in November 2013 whereby Great Lakes could have earned a 24% interest in Northern Shield’s 49% interest in Wabassi (see press release dated November 23, 2013). Northern Shield had received $400,000 from Great Lakes in consideration of the grant of the Option. Great Lakes had incurred expenditures of approximately $750,000 on further exploration efforts on the Wabassi property since Northern Shield granted the option.
Ottawa, Ontario (November 13, 2013) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to announce that it has signed an Option Agreement with Great Lakes Resources LLC (“Great Lakes”), a private US based company, regarding the Wabassi VMS project in northern Ontario. Northern Shield currently owns a 49% interest in the Wabassi Joint Venture. Under the terms of the Option Agreement, Great Lakes can earn a 24% interest in the Wabassi Joint Venture by paying $400,000 to Northern Shield on signing, incurring $1,500,000 in exploration expenditures by December 31st 2014, and paying a further $600,000 to Northern Shield on exercise of the option. On exercising the option, the Wabassi Joint Venture will be jointly held by Discovery Harbour Resource Corp. (51%), Northern Shield (25%) and Great Lakes (24%). Northern Shield will continue as operator.
Ottawa, Ontario (October 10, 2013) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to announce the results of the first drill program completed this fall on the Idefix PGE property in northern Quebec as well as surface sampling. Fourteen drill-holes totaling 1,501 meters were completed along with surface sampling (129 sawn channel samples and 90 grab samples). A total of 951 samples of drill-core from the program were submitted for analysis.
Ottawa, Ontario (September 27, 2013) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to provide an update on the Ikertoq Ni-Cu-PGE project in Greenland. Northern Shield has the right to earn a 50% interest in the Ikertoq property under the terms of an option agreement with Greenland Gold Resources Ltd.
Ottawa, Ontario (August 29, 2013) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] is pleased to provide an update on its 100% owned Idefix PGE (platinum group element) project in northern Quebec funded under the terms of the option agreement with Impala Platinum Holdings Limited (“Impala”) and, the Ikertoq Ni-Cu-PGE project in Greenland. Northern Shield has the right to earn a 50% interest in the Ikertoq property under the terms of an option agreement with Greenland Gold Resources Ltd.
Ottawa, Ontario (August 21, 2013) - Northern Shield Resources Inc. ("Northern Shield") [TSXV: NRN] and its partner Discovery Harbour Resources Corp. (“Discovery”) [TSXV:DHR] are pleased to announce the results of the summer drilling program at Anomaly ‘E’ within the Wabassi Project, located in northwestern Ontario. A down-hole electromagnetic survey was also undertaken on the completion of the drill program. Six holes were completed for a total of 1,878 meters.