Northern Shield Announces New Ontario Discovery of High Grade Mineralization at Wabassi; Drill Program Extended
Ottawa (May 4 , 2010) – Northern Shield Resources Inc. (“Northern Shield”) (TSX-V: NRN) and its partner Discovery Harbour Resources Corp. (“Discovery Harbour”) are pleased to announce that assay results have been received from the first seven of the ten planned drill-holes at Northern Shield’s Wabassi property in northern Ontario. The drill program is being funded under the terms of the option agreement between Northern Shield and Discovery Harbour under which Discovery Harbour has the option to earn a 51% interest in the Wabassi property (see press release dated March 17, 2010).
At the A2 anomaly (see Wabassi Target map on Northern Shield’s website), drill-hole 10WA-07 intersected 2.25% zinc (Zn), 31.7 g/t silver (0.92 oz/ton) and 0.17% copper over 49.5 meters, including a higher grade section of 7.07% Zn over 7 meters. Three sample intervals from this drill-hole also contained over 100 g/t silver including a 0.7 meter interval grading 536 g/t silver (15.66 oz/ton) and three other intervals contained over 12% Zn.