Northern Shield Provides Updates on Exploration Programs

OTTAWA, Jan. 19 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") [TSX-V: NRN] is pleased to announce that field crews are being mobilized to the Wabassi property to prepare for ground and down-hole EM and magnetic surveys that will be used to prioritize several targets that have been selected for diamond drill testing that is planned for early February. The focus of the geophysics and drill program is a very strong and large, magnetic and VTEM anomaly identified by an airborne survey carried out subsequent to the initial drill program at Wabassi during May of last year. This anomaly (Anomaly 'E') is 500 meters in length and 70 meters thick. Two other new conductors defined by ground geophysics completed last spring will also be tested in the A1 Zone along with anomaly "C" which now can be traced for approximately 1 kilometer along strike (see Northern Shield's website for maps and details). The size and scope of the drill project will depend, amongst other things, on the geophysical modeling.

The geophysics and diamond drilling programs are being funded by Discovery Harbour Resources Corp. under the option agreement whereby Discovery has the option of earning a 51% interest in the Wabassi property by incurring $3.4 million in exploration expenditures by March 2012.  Prior to the current exploration programs, Discovery had spent $1.7 million towards its earn-in.

Northern Shield also announces that the drill program at Max was frustrated and delayed by on-going technical difficulties largely brought about by the repeated failure of a single component of the drill. The program was suspended part way through the third drill-hole by Northern Shield until the cause of the failures could be determined and the problem rectified. The first hole drilled, targeting a discrete VTEM anomaly that management believes coincides with a feeder conduit, also deflected off-course and passed over the top of the anomaly. Northern Shield has since been informed by the drilling company that the problem has been remedied and as such Northern Shield looks forward to returning to the area.

All exploration programs will be overseen by Christine Vaillancourt, Chief Geologist for Northern Shield and a Qualified Person under National Instrument 43-101.

Northern Shield is an innovative, results-driven Canadian company focused on Platinum Group Element (PGE) exploration in Ontario and Quebec. 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 plansand potential for Ni-Cu-PGE and other mineralization, at the Max and Wabassi properties, geological, geophysical and/or geometrical analyses of the Max and Wabassi  propertiesand 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 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 laws

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


For further information:

For further information on Northern Shield and its properties, please visit our website at or contact:

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

Profil de l'entreprise


Renseignements sur cet organisme


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

Commencez dès aujourd'hui .


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


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