Shield Gold Completes 2010 Field Exploration Program
TORONTO, Oct. 26, 2010 (GLOBE NEWSWIRE) -- Shield Gold Inc. (" Shield" or the " Company") (TSX-V:SHG) is pleased to report that the field work for its 2010 exploration program on the Summit-Gaber and Gaber properties has been completed. The main focus of the 2010 exploration program was a reconnaissance B-horizon soil geochemical survey, as recommended in the National Instrument (NI) 43-101-compliant Technical Report on the Summit-Gaber property, prepared by Jean-Pierre Berube, P.Eng. of MRB & Associates in September 2009.
The program is being conducted under the supervision of Remi Charbonneau of Inlandsis Consultants. Dr. Charbonneau is a specialist in the planning and interpretation of till and B-horizon surveys in the James Bay area. He has worked with junior and senior exploration companies, including Virginia Gold Mines and Opinaca Mines, Goldcorp's subsidiary in Quebec. Goldcorp acquired the Eleonore gold property from Virginia in 2006 and incorporated Opinaca as its operating company for the Eleonore project.
At Summit-Gaber and Gaber, a total of 984 B-horizon samples have been taken, covering some 20 square kilometers of the properties. A detailed compilation map including historical mineral showings and the locations of the B-horizon samples is available on the Company's website at http://www.shieldgold.com/uploads/Summit_Gaber_-_Compilation_Map_MAP2_V1.2.pdf . All samples have been delivered for analysis by ALS Chemex of Val-d'Or, Quebec. Results are expected to be submitted to Dr. Charbonneau in November.Shield Gold has entered into option and joint-venture agreements with Eloro Resources Inc. on the Summit-Gaber property and Virginia Mines Inc. on the Gaber claims. The contiguous properties are located in the La Grande Greenstone Belt in the James Bay region of Quebec. About Shield Gold Inc.: Shield Gold is a junior exploration company whose mission is the discovery and development of high quality precious and base metal resources. Shield's exploration work is currently focussed on the La Grande Greenstone Belt in northern Quebec. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: Shield Gold Inc. Howard Sinclair-Jones, President 416-654-1408 firstname.lastname@example.org http://www.shieldgold.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV