Northern Shield Resources Intersects Critical Zone and Platinum-bearing Zone

    OTTAWA, Nov. 6 /CNW Telbec/ - Northern Shield Resources Inc. ("Northern
Shield") (TSX-V: NRN) is pleased to announce that PGE mineralization was
intersected in this summer's drill program at Highbank Lake.
    Drill-hole 07HB-05 intersected 0.53 grams/tonne Pt+Pd over 0.34 meters in
association with trace amounts of pyrrhotite, chalcopyrite and pentlandite.
Another zone of anomalous platinum (0.124 grams/tonne Pt/1.09 meters) was
intersected at the bottom of drill-hole 07HB-01. The other five holes were
drilled to provide stratigraphic and contact information and did not intersect
any significant PGEs. Preliminary interpretation from these drill-holes
reinforces our previous understanding of the geometry of the intrusion (see
press release dated October 6, 2006 and website).
    The mineralization is located in a sequence of layered rocks that bears
resemblance to the Critical Zone in the Bushveld Complex, which contains
approximately 75% of the world platinum reserves. These mineralized intervals
are very inconspicuous with little to no visible sulphides accompanying the
platinum mineralization. After a recent site visit and recommendation by two
independent consultants, infill sampling of the geochemically identified
"Upper Critical Zone" will commence very shortly. The sampling is to be
conducted on large intervals of drill-core that have not yet been sampled and
could contain more PGE mineralization.
    Although these PGE grades are too low to be economic, the relative
location of the PGE-bearing zones within the layered intrusion at Highbank
Lake is significant as they occur coincidently with a distinct change in
geochemical trends and ratios. Specifically, the trends and ratios measured in
core at the bottom of hole 07HB-01 are similar to those found immediately
above major PGE-bearing reefs in several mineralized intrusions including the
Bushveld Complex (see diagrams posted on Northern Shield's website for
illustrative examples:
    "The geochemical trends, the style and relative location of the
mineralization and even the "pot-hole" structures seen on the outcrop are
remarkably similar to the Bushveld Complex. The geochemical ratios show that
the rocks intersected at the bottom of drill-hole 07HB-01 and the top of -05
are equivalent to the uppermost Critical Zone in the Bushveld, which marks the
transition from the mafic dominated portion of the intrusion to the
interlayered ultramafic-mafic portion" says world renowned Bushveld and PGE
expert Dr. Wolfgang Maier.
    Northern Shield is currently staking a vast, newly identified target in
its pursuit of reef-hosted PGE and Ni-Cu-(PGE) deposits in the James Bay
Lowlands. Details will be announced very shortly when staking is complete.

    The Highbank Lake project was supervised by Christine Vaillancourt,
Northern Shield's Chief Geologist, who is a Qualified Person under National
Instrument 43-101. Core samples were analysed by ALS Chemex laboratories in
Vancouver, B.C. for Au, Pt, Pd by Fire Assay with ICP-AES finish and
27 elements by four acid digestion and ICP-AES.

    Drill hole   From      To    Inter-     Pt      Pd   Pt+Pd     Cu     Ni
                                val (m)   (ppm)   (ppm)  (ppm)   (ppm)  (ppm)
    07HB-05    336.08  336.42     0.34   0.229   0.299   0.528   1155    553
    07HB-01    653.74  654.83     1.09   0.124    0.02   0.144     12    158

    The Highbank Lake property covers a recently discovered layered intrusion,
which extends for approximately 500 square kilometers, and is being explored
for reef-hosted PGE and chromium, and contact-type PGE mineralization. Impala
Platinum Holdings Limited of South Africa, the world's second largest platinum
producer, maintains a 45% interest in the PGE and PGE by-products of the
Highbank Lake property and has the option of incrementally earning up to a 60%
interest in the PGE and PGE by-products of the property by incurring a total
of $5 million in exploration expenditures on the property by 2010

    Forward-Looking Statements Advisory

    This news release contains statements concerning the potential for PGE and
other mineralization at Highbank Lake, exploration plans for Highbank Lake,
geological and geochemical analyses of Highbank Lake and its similarities to
the Bushveld Complex 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,
geological, geophysical and geochemical interpretation and analysis, the
ability of Northern Shield to obtain equipment, supplies and qualified
personnel necessary to carry on further exploration at Highbank Lake 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.

    %SEDAR: 00007505E

For further information:

For further information: Ian Bliss, President and CEO; Northern Shield
Resources Inc., (613) 232-0459, Fax: (613) 232-0760,,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890