OTTAWA, Sept. 16 /CNW Telbec/ - Northern Shield Resources Inc. ("Northern
Shield") (TSX-V: NRN) is pleased to announce an encouraging update regarding
its 100% owned Eastbank Property in the James Bay Lowlands of northwestern
Ontario. Microprobe analysis of 15 chromite grains recovered from a previously
completed till sampling program at Eastbank (see press release dated April 29,
2008) show four of these grains to have high chrome content and exceptionally
high chrome to iron ratios. Chrome grades range from 35 to 53.6% Cr2O3 with
Cr:Fe ratios ranging from 1.2:1 to 3.6:1.
The grades and ratios of all 15 grains are not only indicative of
chromite sourced from mafic-ultramafic layered intrusions but the very high
Cr:Fe ratios suggest some of the chromite is coming from reefs in the
lowermost or outer levels of a layered intrusion. This is supported by the
identification of several serpentinized peridotite fragments in the same
samples from which the chromite grains were recovered. Chromite reefs with
Cr:Fe ratios greater than 1.8 : 1 are sought after for their chrome metal
potential. Chromite reefs are also a strong indicator of the PGE potential of
a layered intrusion.
Northern Shield's management has interpreted the Eastbank geophysical
target to represent the lower sequence of a layered intrusion and likely the
continuation of the Highbank Lake Intrusive Complex.
"These results are very motivating," says Northern Shield president and
CEO, Ian Bliss. "We are eager to drill test Eastbank after the Max/Wabassi
program is completed."
The till samples were processed by Overburden Drilling Management Ltd of
Ottawa, Ontario with microprobe analysis being completed at the Electron Beam
Laboratory at the Geological Survey of Canada, Ottawa. The sampling program
was overseen by Christine Vaillancourt, Northern Shield's Chief Geologist, who
is a Qualified Person under National Instrument 43-101.
Northern Shield is an innovative, results-driven Canadian company focused
on diamond and Platinum Group Element (PGE) exploration in 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. For further information on Northern Shield and its
properties, please visit our website at www.northern-shield.com.
Forward-Looking Statements Advisory
This news release contains statements concerning the potential for
chromite, PGE and other mineralization at Eastbank, geological, geophysical
and/or geometrical analyses of the Eastbank Property, planned exploration and
the timing thereof 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.
For further information:
For further information: Northern Shield Resources Inc.: Ian Bliss,
President and CEO, (613) 232-0459, Fax: (613) 232-0760,