OTTAWA, May 15, 2013 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") (TSXV: NRN) is pleased to announce the intersection of
significant visible gold during the first phase of a 3,000 metre
drilling program being carried out this spring at the Wabassi VMS
(volcanogenic massive sulphide) project located in northwestern
Ontario. The Wabassi project is being explored under a 49/51 JV with
Discovery Harbor Resource Corp. [TSXV:DHR].
In the process of drill testing Anomaly "N" (a high priority VTEM
conductor defining a massive sulfide target), a quartz-carbonate
alteration zone with a veinlet of visible gold was intersected from
98.8 to 98.95 metres in drill-hole 13WA-33. The 0.15 metre sample
assayed 2,530 g/t Au (73.8 ounces/ton). A second interval assayed 5.86
g/t Au over 1.1 metre from 100 to 101.1 meters. The auriferous zone
appears to be related to an intermediate intrusive dike or sill and
occurs at the contact of this intrusive and the altered mafic volcanic
rocks. Photos of the core containing the gold veinlet can be seen on
Northern Shield's website at www.northern-shield.com.
This intersection of gold is the fourth gold discovery that has been
made to date within the Wabassi-Tempest properties and the second to
contain visible gold. Globally, gold mineralization is present in a
majority of VMS districts.
In total, four drill holes were completed in the first phase of the
program, which was aiming at testing three VTEM targets (K, M and N).
No other significant mineralization was identified nor was anything
intersected to explain the VTEM anomalies.
A down-hole gravity survey (Gravilog) was also recently completed by
Abitibi Geophysics at Anomaly E. The results from the survey show dense
masses in the subsurface that are coincident with and 'off hole' from
drill intercepts where strong zinc-copper-silver mineralization is
present. The upcoming drill program will include the testing of these
newly defined targets at Anomaly E, including tests to determine
whether the modeled shallow mineralization is present as well as the
mineralization modeled at depth. Sketches representing 3D models of the
gravity survey results are posted on Northern Shield's website.
The second phase of drilling is planned to resume immediately after the
spring breakup period, likely at the end of May, 2013. Much of the
second phase will be focused on continuing to define the
copper-zinc-silver-gold mineralization at "E." This includes several
gravity anomalies, which support previous geophysical interpretation
that the mineralization extends at depth. Additional drilling will also
be planned to test this exciting new gold discovery at "N".
The Wabassi project is being overseen by Christine Vaillancourt, Chief
Geologist for Northern Shield and a Qualified Person under National
Instrument 43-101. The drilling was conducted by Vital Drilling Ltd. of
Sudbury, Ontario. Samples were analyzed by ALS Minerals laboratories in
Vancouver, BC for Au by fire assay with ICP-AES finish and base metals
by four acid digestion and ICP-AES. Ore grade gold was analyzed with
ALS's Au-GRA21 method, a fire assay with gravimetric finish. Down-hole
gravity was completed by Abitibi Geophysics Ltd. of Val d'Or, Quebec.
Northern Shield is an innovative, results-driven Canadian company
focused on Platinum Group Element (PGE) and nickel-copper-(PGE)
exploration in Canada and Greenland and copper-zinc-silver exploration
on its Wabassi and Storm properties in northern Ontario. Its mission is
to create a successful mineral exploration company through technical
excellence and efficient management, where success is measured by the
identification and development of high-quality mineral exploration
projects, which may ultimately be optioned, sold or developed for
maximum return on investment.
Forward-Looking Statements Advisory
This news release contains statements concerning the geophysics, drilling and
exploration plans, results and potential for Cu-Zn-Ag-Au and other
mineralization at the Wabassi property, geological, geophysical and/or
geometrical analyses of the Wabassi property and other expectations,
plans, goals, objectives, assumptions, information or statements about
future events, 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
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: NORTHERN SHIELD RESOURCES INC.
For further information:
For further information on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:
Northern Shield Resources Inc.
President and CEO
Tel.: (613) 232-0459
Fax: (613) 232-0760
Renmark Financial Communications Inc.
Barry Mire: firstname.lastname@example.org
Tel.: (514) 939-3989 or (416) 644-2020