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Corporate Introduction:
NORTHERN SHIELD (NRN:TSX-V) is a Canadian-based, dynamic and innovative mineral exploration company concentrating on platinum group element (PGE) exploration in under-explored regions of Canada. The company trades on the TSX Venture Exchange under the symbol “NRN” and on the Frankfurt Stock Exchange under “N9S” providing investors with exposure to these high value – high demand commodities in mineral-rich and, economically attractive Ontario.
The Company has taken the initiative to conduct much of its exploration in under-explored areas using a scientific, model-driven approach to define targets and target areas. Northern Shield believes there are more world-class deposits to be discovered in eastern Canada but in order to find these one must look in new areas and take a fresh approach.
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This strategy has already been successful in the discovery of a large layered intrusion at Highbank Lake. Such intrusion are highly prized for their potential to host significant PGE, chromium and vanadium mineralization and the Highbank Lake Property now represents one of the largest, untested platinum targets in North America. This discovery led to an Option Agreement with Impala Platinum Holdings Ltd, the world’s second largest producer of platinum, with a market capitalization of nearly UD$6 billion.
Northern Shield’s objective is to discover highly marketable ore deposits in new and under-explored areas through the acquisition, exploration and development of mineral resource properties. By successfully and continually attaining this objective we shall create sustainable shareholder value.
In 2006 Northern Shield refined its corporate strategy to focus on platinum group elements (PGEs) and associated base-metals (nickel, chromium and vanadium) and move away from diamond exploration. The Company’s management believes that the fundamentals behind the platinum industry are sound. The projected figures from various financial institutions show very strong demand for platinum, with demand out-stripping supply in the short term. The Company believes that political uncertainty in Zimbabwe and South Africa is helping to keep platinum prices robust and is a growing concern amongst the principal platinum producers. Hence the demand for a significant platinum source in North America. However, very few junior mining companies are acquiring and exploring quality platinum projects. Northern Shield believes it can become a leader in grass-roots PGE exploration in North America
Northern Shield is led by an experienced and dedicated management team and Board of Directors. The Directors bring a spectrum of expertise to the board room and are all well versed and respected in their own field. Their combined experience of geology, corporate law, mining engineering, junior resource markets and the mining industry as a whole provide the foundation for good corporate governance and ensure all of the Company’s available resources are directed efficiently, aggressively and responsibly towards our objective. No one doubts that successful mineral exploration is a difficult task, significant discoveries are not necessarily immediate and, set backs will probably be encountered prior to these discoveries, but the passion and dogged persistence in which the Board and management purvey will ensure that perception becomes reality.
Our Partners:
In 2005 Impala Platinum Holdings Ltd (Implats) of South Africa entered into an option agreement with Northern Shield pursuant to which Impala has the option of incrementally earning a 60% interest in the PGE and PGE by-products of the property by incurring $5 million in exploration expenditures on the property within five years. Impala has already earned a 20% interest in the Highbank Lake project by incurring $1 million of exploration expenditures within the first 12 months. Impala is the world’s second largest producer of platinum, producing approximately 2 million ounces of platinum a year and is involved in all aspects of the PGM (platinum group metals) market, including mining, smelting, refining and marketing and has a market capitalization in excess of US$6 billion.
Our Properties:
Highbank Lake is Northern Shield’s flagship property. It totals 298 sq km and covers one of the largest untested PGE (platinum group elements) targets in North America. In early 2004, Northern Shield announced the discovery of a previously unknown layered intrusion at Highbank Lake in north-western Ontario, in an area of scant outcrop. The discovery was made through the re-interpretation of magnetic data and confirmed by the identification of magmatic layering in outcrop and a subsequent drill hole. Layered intrusions are highly sought after as nearly all of the world's PGE deposits are contained in layered intrusions, including the Bushveld Igneous Complex in South Africa and the Great Dyke in Zimbabwe, the world's two largest known layered intrusions.
The Larder River Property is a newly staked komatiite-hosted Ni-Cu-PGE prospect located southeast of Timmins. The deposit-type has recently gained attention due to the intersection of 72.5 meters of 1.14% Ni by Golden Chalice Resources Inc near Timmins.
Faint Hope Property In 2004, Northern Shield discovered gold anomalous (309, 111, and 68 ppb Au), sulphide-bearing boulders while drill testing a kimberlite target on its Faint Hope Property north of Cochrane, Ontario. The property is located in the middle of the Opatica metasedimentary belt and is up-ice from well-defined gold-arsenopyrite-(chalcopyrite) stream sediment anomaly. Arsenopyrite is a common pathfinder for gold in terrains dominated by sedimentary rocks as has recently been highlighted at Virginia Golds’ Eleonor Project in Quebec where gold mineralization is associated with arsenopyrite. |
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