OTTAWA, Feb. 28, 2013 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") [TSXV: NRN] is pleased to announce an update on exploration at
Wabassi and Monsoon including the resuming of exploration at Wabassi
and the newly identified VMS targets on the Monsoon Property, the
westernmost property of Northern Shield's Storm Claim Group.
As with all of the joint venture's previous drilling programs,
geophysical surveys will be conducted prior to drilling this Spring.
The purpose of these surveys are to specify more definitively, the
actual targets at depth. A down-hole gravity survey will be included
with the preparatory geophysics prior to drilling Anomaly "E" to help
in defining the size and location of the main mass of the
mineralization at this target. The results from this survey will be
used to guide drilling later this spring. Near surface drilling at
anomaly "E" in 2011 and 2012 has identified significant intersections
of copper, zinc and silver mineralization including 24.95 meters
averaging 4.14% zinc, 0.22% copper and 10.9 g/t silver in drill-hole
12WA-27 and 1.4% copper, 2.1% zinc, 34 g/t silver and 0.1 g/t gold over
30.24 meters in drill-hole 11WA-17. A previously completed ground EM
survey suggests that mineralization continues at depth. It is hoped
that the down-hole gravity survey will confirm these interpretations
and provide more accurate resolution.
Northern Shield has just completed an airborne VTEM survey over the
Monsoon Property, one of the six properties that make up the Storm
Claim Group owned 100% by Northern Shield. Preliminary results show a
cluster of 5 conductive targets in the northern portion of the property
with magnetic and electromagnetic signatures that are very similar to
the copper-zinc-silver VMS occurrences intersected at the A1, A2 and E
zones at Wabassi. The strike length of these bodies ranges from 250 to
450 metres. These targets will likely be drill tested later this year.
Both the Wabassi and Storm projects are being overseen by Christine
Vaillancourt, Chief Geologist for Northern Shield and a Qualified
Person under National Instrument 43-101. Down-hole gravity will be
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 Ni-Cu-(PGE) exploration and
Cu-Zn-Ag and Au at 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 on Northern
Shield and its properties, please visit our website at www.northern-shield.com or contact:
Forward-Looking Statements Advisory
This news release contains statements concerning the geophysics, drilling and
exploration plans, results and potential for Cu-Zn-Ag and other
mineralization at the Wabassi and Monsoon properties, geological,
geophysical and/or geometrical analyses of the Wabassi and Monsoon
properties 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:
Northern Shield Resources Inc.
President and CEO
Tel.: (613) 232-0459
Fax: (613) 232-0760
Renmark Financial Communications Inc.
Barry Mire: email@example.com
Tel.: (514) 939-3989 or (416) 644-2020