Northern Shield Resources Inc. (TSX-V: NRN) has announced that a diamond drill rig and crew have been mobilized to the Max Property in the James Bay Lowlands of northern Ontario and drilling should commence on the weekend.
The 2-3 hole, 700 meter drill program will test a strong VTEM anomaly that is being targeted for Ni-Cu-PGE mineralization and is located within a feature that management interprets to be a conduit or feeder pipe. The conduit appears to link a peridotite (ultramafic) body that Northern Shield drilled in 2008 that contained very high background levels of PGEs and nickel and the Wabassi North gabbro which shows below normal levels of PGEs and nickel.
The Max property is currently a 50/50 joint venture between Northern Shield and Rainy Mountain Royalty Corp (formerly East West Resource Corp.) with Northern Shield as operator. Rainy Mountain has elected not to contribute to this drill program at Max and as such Rainy Mountain's interest will be diluted to 40.8% and Northern Shield's interest increased to 59.2% assuming $450,000 is spent on the Max drill program.
An induced polarization geophysical survey has been completed at Highbank Lake and processing and interpretation of the data is pending. The geophysical data will be used to help guide a drill program planned for Highbank in January that will test a 17 km strike length of the layered intrusive complex that management believe to be prospective for PGE and chromitite reefs.
All exploration programs will be overseen by Christine Vaillancourt, Chief Geologist for Northern Shield and a Qualified Person under National Instrument 43-101.
Source: Northern Shield Resources Inc.