OTTAWA, Dec. 14, 2012 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") (TSXV: NRN) is pleased to announce that visible gold was
intersected in drill core on the Tempest property in Northern Ontario.
The drilling was part of a five drill-hole program, totaling 1650
meters that was recently completed on the Tempest and Typhoon
properties. The Tempest and Typhoon properties are part of the Storm
Claim Group and are currently owned 100% by Northern Shield.
Approximately 40 grains of visible gold, hosted in a laminated quartz
vein, were observed in the drill core from a short interval near the
top of drill-hole 12TP-12 and assayed 134.5 g/t Au (4.3 ounces/tonne)
from 65.45 m to 65.78 m and 58 g/t Au (1.9 ounces/tonne) from 65.78 m
to 65.93 m. The same drill-hole also intersected 50.43 meters of 32.6
g/t Ag from 231.85 to 282.28 followed by a second 7.2 meter zone from
294.05 to 301.25 assaying 29.7 g/t Ag. The first zone included a 1.1
meter interval assaying 537 g/t Ag (17.3 ounces/tonne) and 0.82 g/t Au.
(see Northern Shield's website for photos of the gold and maps of
Drill-hole 12TP-12 and 12TP-07 (see press release dated May 2, 2012) are
the two westernmost holes drilled on the Tempest 1 target and both have
intersected significant gold mineralization. All holes drilled on this
target have intersected intensely altered and deformed volcanic rocks.
While Tempest 1 was originally being targeted for Zn-Cu VMS
mineralization it also possesses similarities to gold-rich VMS such as
those of the Noranda district.
"This near-surface visible gold is the fifth and most significant
intersection of gold mineralization since we started exploring the
Tempest property and clearly demonstrates the prospectivity for gold
mineralization and not just base-metals," says Northern Shield
President and CEO, Ian Bliss. "Our exploration strategy on this
property to date has been focused on the discovery of large Zn-Cu-Ag
massive sulphide bodies, but now that we have intersected such high
gold values including visible gold, we intend to diversify our
exploration methods to target gold more specifically. We will focus in
on the gold potential when we return to the property in 2013."
The drill program was overseen by Christine Vaillancourt, Chief
Geologist for Northern Shield and a Qualified Person under National
Instrument 43-101. The drilling is being conducted by Vital Drilling of
Sudbury, Ontario. The ground and down-hole geophysics were completed by
Crone Geophysics and samples are being analyzed by ALS Chemex
laboratories in Vancouver, B.C. for Au 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 Platinum Group Element (PGE) exploration in Canada and
Cu-Zn-Ag and Au at its Wabassi and Tempest 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.
Forward-Looking Statements Advisory
This news release contains statements concerning the drilling and exploration
plans, results and potential for Au and Cu-Zn-Ag and other
mineralization at the Tempest property, geological, geophysical and/or
geometrical analyses of the Tempest 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: email@example.com
Nadia Marks: firstname.lastname@example.org
Tel.: (514) 939-3989 or (416) 644-2020