Northern Shield reports PGEs at Idefix, northern Quebec.

OTTAWA, Nov. 7, 2011 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is pleased to announce assay results from samples collected during a reconnaissance at its 100% owned Idefix property in northern Quebec. The property is located 80 km west of Kuujjuaq, northern Quebec.

Twenty-one grab samples were collected from a gabbro sill during the reconnaissance of the Idefix property of which nine returned assays greater than 1 g/t Pt+Pd+Au and 3 samples assayed greater than 7 g/t Pt+Pd+Au. The sample which contains the highest Pt+Pd+Au value of 8.8 g/t also returned 2.4% copper. The program was successful in confirming the presence of previously reported grades of PGEs from this occurrence as well as identifying new mineralization. Northern Shield's new analysis combined with previously reported data suggests a PGE-bearing zone with a strike length of 1,350 meters and is open at both ends.

"These are very good grades of PGEs that warrant further work at Idefix and also encourages us to continue pursuing mafic-ultramafic complexes with high potential for PGE deposits in northern Quebec" says Northern Shield president and CEO, Ian Bliss. "We look forward to returning to the property and building on this excellent start."

The Idefix property covers a gabbro sill which is known in the area to contain PGEs. The gabbro sill is in contact with sulphide-bearing country rocks that management believes may have provided the sulphide source to the gabbro that subsequently scavenged the PGEs from the magma and concentrated them. All results reported in this press release were obtained on samples that contain less than 10% sulphides, which indicates that the sulphides are very enriched PGEs and copper.

Significant Assays:

Sample # Au (g/t) Pt (g/t) Pd (g/t) PGEs+ Au (g/t) Cu (%) Ni (%)
ID11-04 0.3 1.7 5.3 7.3 1.03 0.24
ID11-06 0.1 0.6 1.7 2.4 0.24 0.07
ID11-12 0.8 2.1 5.9 8.8 2.4 0.03
ID11-13 0.2 1.9 5.7 7.8 0.69 0.11
ID11-24 0.1 0.1 3.2 3.4 0.6 0.03

Exploration was overseen by Christine Vaillancourt, Chief Geologist for Northern Shield and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Chemex laboratories in Vancouver, B.C. for Au, Pt, and Pd by Fire Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES.

Northern Shield is an innovative, results-driven Canadian company focused on PGE exploration in Canada and Cu-Zn-Ag VMS on its Wabassi and Storm properties. 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. For further information

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for Ni-Cu-PGE-(Au) mineralization at Idefix property, geological, geophysical and/or geometrical analyses of the Idefix 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 incorrect.

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.

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 laws

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


 

SOURCE NORTHERN SHIELD RESOURCES INC.

For further information:

on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:

Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: (613) 232-0459
Fax: (613) 232-0760
info@northern-shield.com

Profil de l'entreprise

NORTHERN SHIELD RESOURCES INC.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.