Northern Shield Resources Commences Exploration at Wabassi, northern Ontario and completes Private Placement
Ottawa (June 10, 2008) – Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is pleased to announce that a reconnaissance rock sampling program has been completed at its 100% owned Wabassi property in the western James Bay Lowlands. The Wabassi property covers a PGE bearing layered mafic-ultramafic intrusion that Northern Shield discovered in late 2007.
The Wabassi property is located up-ice from a series of till samples collected by the Ontario Geological Survey that are distinctly anomalous in Ni-Cr and PGEs. The PGE potential of the intrusion was confirmed earlier this year when Northern Shield identified significantly enriched PGEs in bedrock (see press release dated January 17, 2008). The rock sampling program focussed on the area of the property where the enriched bedrock located. The property was also visited by Dr Wolfgang Maier, consultant to Northern Shield and world renowned PGE and layered intrusion expert. The rock samples were sent to ALS Chemex in Vancouver B.C where they are being analysed for PGEs and base-metals. Assays are expected within two weeks.