Press Release - August 18, 2004
NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V
NORTHERN SHIELD RESOURCES CONFIRMS DISCOVERY OF A LAYERED INTRUSION IN NORTHERN ONTARIO
INTENSIFIES PLATINUM-PALLADIUM EXPLORATION ON ITS HIGHBANK LAKE PROPERTY
Ottawa (August 18, 2004) - Northern Shield Resources (NRN: TSX-V) is pleased to announce today that it has identified alternating layers of (metamorphosed) anorthosite and gabbro at its Highbank Lake Property in northern Ontario which confirms the discovery of a previously unknown layered mafic intrusion. The Property which is owned 100% by Northern Shield is being explored for reef-hosted platinum-palladium mineralization. The Company has been exploring the property for platinum based on the interpretation of airborne geophysics and surface geochemistry which suggested the presence of a layered intrusion but, this is the first time distinct magmatic layering has been observed in outcrop. The discovery of a layered mafic intrusion is critical in the exploration for platinum as over 90% of the world PGE reserves are hosted in such intrusions often in association with chromite-rich layers. Northern Shield recovered over a hundred chromitite fragments from stream sediment samples previously collected from the (see press release; September 4, 2003).
An MMI (mobile metal ion) soil sample program has recently been completed on the Highbank Lake Property that follows up on last year’s MMI results which at the time, identified two parallel zones anomalous in PGEs (platinum group elements). The current program was designed to test the continuation of these zones over a twenty-two (22) kilometer strike length. Results will be announced on the completion of analysis and are expected before the end of August.
Northern Shield is an innovative, results-driven Canadian company focused on diamond and Platinum Group Element (PGE) exploration in Ontario. Its mission is to create a successful mineral exploration company through technical excellence and efficient management, where success is measured by the identification and development of high-quality mineral exploration projects, which may ultimately be optioned, sold or developed for maximum return on investment. For further information on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:
For further information please contact:
Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: (613) 232-0459
Fax: (613) 232-0760
info@northern-shield.com
Renmark Financial Communications Inc.
Tina Cameron : tcameron@renmarkfinancial.com
John Boidman : jboidman@renmarkfinancial.com
Media, Cynthia Lane: clane@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com
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CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Northern Shield, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Northern Shield’s expectations are exploration risks detailed herein and from time to time in the filings made by Northern Shield with securities regulations.
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