Northern Shield Resources Identifies Strong VTEM Conductors at Wabassi
Ni-Cu-PGE Property in Northern Ontario; Mobilizes Field Crew
Wabassi A Anomaly.
The Wabassi A anomaly can be traced on consecutive survey lines for 1000 meters and then intermittently for another 1500 meters and is open to the southwest. The EM anomalies correlate with strong magnetic signatures suggesting the presence of pyrrhotite which is both magnetic and conductive. Pyrrhotite is usually the dominant mineral in Ni-Cu-PGE deposits. The shape and location of this anomaly suggest it may be a feeder conduit into the Wabassi layered intrusion which was discovered by Northern Shield in 2007. A single drill-hole completed in 2008 near this EM anomaly intersected disseminated chalcopyrite and pyrrhotite.
Wabassi B and C Anomalies.
The Wabassi B and C anomalies are one and two line anomalies respectively and are of moderate to high conductance. Both anomalies correspond to magnetic highs and are located in inferred depressions on the floor of the Wabassi layered intrusion.
Details of the anomalies will be posted to Northern Shield's website shortly.
"We are very encouraged by the results of the VTEM survey; these are very strong conductors and they are located in the right part of the intrusion," said Northern Shield's President and CEO,
The VTEM survey was conducted by Geotech Ltd of Aurora, Ontario and geophysical consultancy and interpretation provided by Roman Tykajlo of Geo-Digit-Ex, a Qualified Person under National Instrument 43-101. The project was overseen by
Northern Shield is an innovative, results-driven Canadian company focused on 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.
Forward-Looking Statements Advisory
This news release contains statements concerning the potential for Ni-Cu-PGE mineralization at the Wabassi property, geological, geophysical and/or geometrical analyses of the Wabassi 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.
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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., Ian Bliss, President and CEO, Tel.: (613) 232-0459, Fax: (613) 232-0760, [email protected]
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