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Northern Shield to Mobilize Drill to Max Property; Highbank Drilling to Follow; Geophysics Underway at Highbank
Northern Shield to Mobilize Drill to Max Property; Highbank Drilling to Follow; Geophysics Underw...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\n\n Oct. 13, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nOTTAWA, Oct. 13 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is\n pleased to announce that Layne Christiansen Drilling Ltd have been\n contracted for a minimum 3000 meter diamond drill program to be split\n between the Max Property and the Highbank Lake property both in the\n James Bay Lowlands of northern Ontario.\n\n\nThe drill will be mobilized to the Max property later this month where\n two holes totaling approximately 700 meters will be drilled to test a\n VTEM anomaly that coincides with a magnetic feature that management\n interprets to be a conduit or feeder pipe. The conduit appears to link\n a peridotite (ultramafic) body that Northern Shield drilled in 2008\n that contained very high background levels of PGEs and nickel and the\n Wabassi North gabbro which shows below normal levels of PGEs and\n nickel. The target is believed to be akin to Magma Metal's Thunder Bay\n North project where significant PGE mineralization is hosted in\n conduits that link two larger mafic/ultramafic bodies.\n\n\nThe Max property is currently a 50/50 joint venture between Northern\n Shield and Rainy Mountain Royalty Corp (formerly East West Resource\n Corp.) with Northern Shield as operator. Rainy Mountain has elected not\n to contribute to this drill program at Max and as such Rainy Mountain's\n interest will be diluted to 40.8% and Northern Shield's interest\n increased to 59.2% assumi...