Press Release - November 6th, 2007NORTHERN SHIELD RESOURCES INC.
|
|
Drill Hole
|
From
|
To
|
Interval
(m) |
Pt
(ppm) |
Pd
(ppm) |
Pt+Pd
(ppm) |
Cu
(ppm) |
Ni
(ppm) |
|
07HB-05
|
336.08
|
336.42
|
0.34
|
0.229
|
0.299
|
0.528
|
1155
|
553
|
|
07HB-01
|
653.74
|
654.83
|
1.09
|
0.124
|
0.02
|
0.144
|
12
|
158
|
The Highbank Lake property covers a recently discovered layered intrusion, which extends for approximately 500 square kilometers, and is being explored for reef-hosted PGE and chromium, and contact-type PGE mineralization. Impala Platinum Holdings Limited of South Africa, the world’s second largest platinum producer, maintains a 45% interest in the PGE and PGE by-products of the Highbank Lake property and has the option of incrementally earning up to a 60% interest in the PGE and PGE by-products of the property by incurring a total of $5 million in exploration expenditures on the property by 2010.
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
Forward-Looking Statements Advisory
This news release contains statements concerning the potential for PGE and other mineralization at Highbank Lake, exploration plans for Highbank Lake, geological and geochemical analyses of Highbank Lake and its similarities to the Bushveld Complex and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward-looking statements or information These risks and uncertainties include, but are not limited to, geological, geophysical and geochemical interpretation and analysis, the ability of Northern Shield to obtain equipment, supplies and qualified personnel necessary to carry on further exploration at Highbank Lake and the general risks and uncertainties involved in mineral exploration.
The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISPROVED THE CONTENTS OF THIS PRESS RELEASE