Northern Shield Resources to drill Ni-Cu-PGE targets at Wabassi, northern Ontario
Ottawa (March 1, 2010) – Northern Shield Resources Inc. (“Northern Shield”) (TSX-V: NRN) is pleased to announce that it will drill six Ni-Cu-PGE targets on its 100% owned Wabassi property in northern Ontario. The 1300 meter drill program is planned to start early next month. The drilling will test five moderate to very strong VTEM conductors for Ni- Cu-(PGEs) hosted in massive sulphides and a layer within the Wabassi layered intrusion that can be traced on airborne magnetics for 8 kilometers and is being targeted for reef-hosted PGEs and chromite.
One cluster of anomalies on the property can be traced intermittently for 2000 meters and is open at one end. The EM anomalies correlate with strong magnetic signatures suggesting the presence of pyrrhotite, which is both magnetic and conductive. Pyrrhotite is usually the dominant mineral in Ni-Cu-PGE deposits. The shape and location of this anomaly suggest it may be a feeder conduit into the Wabassi layered intrusion, which was discovered by Northern Shield in 2007. A single drill-hole completed in 2008 intersected primary blebs of pyrrhotite with chalcopyrite (copper) and pentlandite (nickel sulphide) on the edge of the strongest conductor.