Northern Shield Acquires Two New PGE Properties in the Labrador Trough, Quebec
Ottawa (July 18, 2011) – Northern Shield Resources Inc. (“Northern Shield”) (TSX-V: NRN) is pleased to announce that it has acquired a 100% interest in two new PGE prospects in the Labrador Trough, northeastern Quebec. The Lac d’Argent property is located 125 kilometers north of Schefferville and the Idefix (Ukunngaalik) property is located 80 kilometers northwest of Kuujjuaq.
The Lac d’Argent property consists of 65 units totaling 2,925 hectares. The geology of the property is dominated by a 12 kilometer long layer of peridotite within a gabbro sill. In 1988 an Australian mining company completed a soil sample survey on the property and reported three soil samples assaying over 100 ppb with a high of 237 ppb Pt. The property also contains highly anomalous nickel with soil samples up to 637 ppm Ni. No follow-up work was noted in the assessment report filed by the company that completed the soil sampling or any other exploration party.