Northern Shield Announces VTEM Results from Highbank Lake and Drill Plan for Eastbank PGE Properties in Northwestern Ontario
Ottawa (March 13, 2009) – Northern Shield Resources Inc. (“Northern Shield”) (TSX-V: NRN) is pleased to announce the results of an airborne VTEM survey conducted over a portion of the Highbank Lake property last November and funded by Impala Platinum Holdings Ltd. under the terms of its option agreement with Northern Shield.
The survey was completed by Geotech Airborne Ltd. at 150 meter spaced lines and totaled 600 line kilometers. Further modeling of the data is underway; however, a distinct conductor is clearly apparent in the northern portion of the survey block. The shape, signature and location of this conductor matches Northern Shield’s interpretation as to where the ultramafic sequence of rocks (“Critical Zone”) that would host any PGE-bearing reef would project to, or near surface. The anomaly is located up-ice from till samples where grains of nickel, copper and platinum minerals as well as numerous boulders of chromitite have been previously discovered by Northern Shield.