Press Release - December 7, 2005NORTHERN SHIELD RESOURCES INC.
|
| Gold (Au) g/tonne |
Platinum (Pt) g/tonne |
Palladium (Pd) g/tonne |
Au+Pt+Pd g/tonne |
Nickel % |
Chromium (Cr) % |
|
| 218753 | 0.092 | 0.43 | 1.210 | 1.732 | 0.261 | 20.1 |
| 218754 | 0.012 | 0.31 | 0.750 | 1.072 | 0.192 | 27.7 |
| 218755 | 0.004 | 0.24 | 0. 298 | 0.542 | 0.131 | 21.9 |
The boulders were analysed at SGS Laboratories in Don Mills, Ontario. Platinum, palladium and gold were analysed by fire assay using lead collection. All other elements were analysed by ICP-OES after sodium peroxide fusion.
The Highbank Lake property covers a recently discovered layered intrusion, which extends for approximately 500 sq km, and is being explored for reef-hosted PGEs and chromium. Impala Platinum Holdings Limited of South Africa, the world’s second largest platinum producer, has entered into an option agreement with Northern Shield pursuant to which Impala has the option of earning a 60% interest in the PGEs and PGE by-products of the property by incurring $5 million in exploration expenditures on the property within five years.
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
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.