OTTAWA, Jan. 27, 2017 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSXV: NRN] is pleased to announce it recently staked a new property, containing 88 claims, in the Labrador Trough. The Company will primarily explore the new property for Ni-Cu-PGE mineralization.
In conjunction with the Company's main exploration programs in the region, a ground reconnaissance program will be undertaken on these new claims as soon as conditions allow. The Company's main exploration programs currently include further exploration at Huckleberry - funded under the terms of the South32 Option and Joint Venture Agreement (as per press release dated December 5, 2016), an intensive rock and till sampling program at Sé2 to prioritize VTEM targets for later drilling, as well as ground truthing of a VTEM anomaly at Idefix.
"The assay results from Séquoi are disappointing for us all; however, the presence of certain lithologies in one of the drill-holes directed us to stake this new claim block," says Northern Shield President and CEO, Ian Bliss. "We look forward to another active and exciting season as we aim to locate the source of the nickel and copper so prevalent in the nearby lake bottom sediment samples."
Northern Shield Resources Inc. is a Canadian-based company focused on exploring for platinum group element ("PGE") and nickel-copper-PGE deposits. The Company's management are known as leaders in grassroots exploration for Ni-Cu-PGEs, as well as their understanding of the magmatic systems that apply to such exploration.
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration plans, results and potential mineralization at the Company's Séquoi property, geological and geometrical analyses of the Séquoi property and the drill core and assay results from the recently completed drill program at Séquoi and comparisons of the property and its potential mineralization to known mineral deposits, and other exploration and drilling 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
Neither the 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.
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For further information: Northern Shield Resources Inc., Ian Bliss, President and CEO, Tel.: (613) 232-0459, Fax: (613) 232-0760, [email protected]