Business
Northern Shield Provides Update on VTEM Survey
OTTAWA, Aug. 16, 2011 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") (TSXV: NRN) ...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\nOTTAWA, Aug. 16, 2011 /CNW/ - Northern Shield Resources Inc. (\"Northern\n Shield\") (TSXV: NRN) is pleased to provide an update on the VTEM survey\n in the Wabassi area. Six separate blocks, totaling 7,024 line\n kilometers are being surveyed. Approximately half the survey is being\n conducted over the Wabassi property which is joint-ventured with\n Discovery Harbour Resource Corp. The remainder of the survey covers\n five claim blocks composing the Storm Claim Group in which Northern\n Shield maintains a 100% interest. The survey, which was hampered by bad\n weather and forest fires, is now 85% complete.\n\n\nThese survey blocks were designed to cover un-flown portions of the\n Wabassi Intrusion and new claims covering, what management interpret to\n be the horizons favourable for hosting further VMS occurrences in the\n Wabassi area of the Fort Hope Greenstone Belt. This belt contains the\n two new VMS discoveries that the joint venture drilled during the 2010\n and 2011 exploration programs.\n\n\nPreliminary results from this survey clearly show the presence of\n numerous other significant electromagnetic conductors in the Wabassi\n area. These geophysical signatures replicate and exceed the intensities\n of the signatures that represent the two VMS discoveries so far. Four\n of these new responses have strike lengths greater than 500 meters with\n two of them having signatures occurring over 1000 meters in length.\n\n\nThe two l000+ meter targets are located a few kilometers south, and\n along the same structure as Anomaly \"E,\" where significant Cu-Zn-Ag VMS\n mineralization was intersected by Northern Shield and Discovery Harbour\n earlier this year.\n\n\nA series of moderate to strong VTEM anomalies on Northern Shield's 100%\n owned Tempest property (part of the Storm Claim Group) coincides with\n magnetic features. Such characteristics are more typical of Ni-Cu-PGE\n deposits. The strongest and largest conductor has a strike length of\n over 500 meters. Northern Shield has commenced line-cutting over this\n target which will be followed by a ground electromagnetic (EM) survey\n which will be used to better define the target prior to drilling.\n\n\nNorthern Shield is an innovative, results-driven Canadian company\n focused on PGE exploration in Ontario and Quebec. Its mission is to\n create a successful mine...