OTTAWA, Aug. 2, 2012 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") (TSXV: NRN) and Discovery Harbour Resource Corp. ("Discovery
Harbour") are pleased to announce that drilling has been completed on
the Wabassi Property in northern Ontario. Twelve drill-holes, totaling
2046 meters were completed on seven different targets. Assays are
pending from 668 core samples taken during the drill program.
Sampling and mapping of the Idefix PGE property and surrounding area in
northern Quebec is also well underway. The program is being funded by
Impala Platinum Holdings Ltd of South Africa under the terms of the
option agreement signed earlier this year.
Both exploration programs are being overseen by Christine Vaillancourt,
Chief Geologist for Northern Shield and a Qualified Person under
National Instrument 43-101.
Northern Shield is an innovative, results-driven Canadian company
focused on Platinum Group Element (PGE) exploration in Canada and
Cu-Zn-Ag-Au at its Wabassi and Tempest properties. 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 drilling and exploration
plans, results and potential for Cu-Zn-Ag-Au, Cu-Ni-PGE and other
mineralization at the Wabassi and Idefix properties, geological,
geophysical and/or geometrical analyses of the Wabassi and Idefix
properties 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
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
Neither 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.
For further information on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:
Renmark Financial Communications Inc.
Barry Mire: firstname.lastname@example.org
Nadia Marks: email@example.com
Tel.: (514) 939-3989 or (416) 644-2020