RESULTS TO DATE
A. Summer Exploration Program - 2012
On June 27, 2012, the Company announced that it had completed an airborne magnetic survey over its Venton Lake claims which are located south of the “Ring of Fire” area in Northwestern Ontario. The survey work was performed under contract by Canadian Mining Geophysics Ltd. (“CMG”) and consisted of one block totalling 511.6 line-kms with a line spacing of 100 m. The Company’s preliminary assessment of the airborne survey results is presented below. A comprehensive technical analysis and interpretation of the results, by an independent consultant, was subsequently completed.
Within the completed high-resolution magnetic survey, a number of isolated features were revealed that could represent ultramafic bodies containing minerals such as nickel, copper and platinum group elements. This includes a discrete 800 m strike length feature that appears to be coincident with similar features identified in the Wabassi area to the east. A second series of magnetic anomalies is located toward the western margin of the Company’s survey with a strike length of 3.7 km and containing four discrete anomalies. Northern Shield is also conducting exploration to the west of these anomalies. In total there are six magnetic anomalies that could be related to ultramafic rocks similar to those intersected by Northern Shield on its Wabassi and Max Projects that surround the Company’s ground.
A large-size shaded image of the total magnetic intensity (TMI) over the survey area, extracted from CMG’s report dated June 12, 2012, is presented in the Maps & Geology section (map #5) for this property. A thumbnail-size image is presented above.
