Annual General Meeting Results
Northern Lights Resources Corp. (the “Company” or “Northern Lights” or “NLR”) is pleased to disclose the results of its Annual General Meeting held on November 19, 2020.
The following resolutions were passed at the Annual General Meeting.
- Elected Messrs. Albert (Rick) Timcke, Jason Bahnsen, Graham Keevil, Richard Kelertas and Gordon Tainton to the board of Directors until the next Annual General Meeting.
- Appointed Davidson & Company LLP as auditor for the financial year ending April 30, 2021,
Subsequent to the annual meeting, the board of directors appointed the following officers:
- Mr. Albert (Rick) Timcke, Executive Chairman and President
- Mr. Jason Bahnsen Chief Executive Officer;
- Leon Ho, Chief Financial Officer
For further information on this news release and Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
- Published in Northern Lights Resources
Northern Lights Applies to Trade on OTCQB Exchange
Northern Lights Resources Corp. (CSE:NLR)(“Northern Lights” or “NLR”) is pleased to announce that it has applied to list its common shares on the OTC Venture Market (“OTCQB”), a USA based trading platform operated by the OTC Markets Group.
NLR also reports that it has filed a Form 211 with the governing US securities regulators (i.e. FINRA) to trade in the USA. The Company will provide further information once its common shares commence trading.
The OTCQB Markets is a premier marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for U.S. investors. Investors can find real-time quote and market information for OTCQB listed companies at https://www.otcmarkets.com.
The Company believes that trading on the OTCQB Markets will provide additional equity and liquidity as well as increasing its visibility within the U.S. capital markets especially as the Company’s two exploration projects, Secret Pass Gold Property and Medicine Springs are located in Arizona and Nevada. Northern Lights Resources continues to trade on the Canadian Securities Exchange, “CSE” under its symbol “NLR”.
For further information on Medicine Springs Project and Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
- Published in Mining, News Home, Northern Lights Resources
Medicine Springs Option Agreement Conditions Complete
Northern Lights Resources Corp. (CSE:NLR)(“Northern Lights” or “NLR”) is pleased to announce that all subsequent conditions to the Medicine Springs Option and Joint Venture Agreement announced with Reyna Silver Corp. (“Reyna Silver”) on October 5, 2020, including legal due diligence, have been completed and the agreement is now binding.
The Medicine Springs Project comprises 1,189 Ha of Federal mineral claims located in Elko County, Nevada and has the potential to host high-grade silver-zinc-lead Carbonate Replacement Deposit (“CRD”) mineralization.
The geological team from Northern Lights and Reyna Silver have been at the Medicine Springs project site for the past several days reviewing the project geology and near term exploration plans.
Dr. Peter Megaw, Technical Advisor to Reyna commented “Medicine Springs ticks the most important boxes we look for in CRD exploration including location on a large regional structure that hosts significant CRDs, situation at the top of a thick section of structurally-prepared potentially favorable carbonate host rocks, evidence of high silver grades, and widespread, multi-stage alteration. Some of the historic dump and rock chip samples run well over our 400 g/t (12 oz/t) silver threshold and it is quite likely that similar grades were diluted by the Reverse Circulation drilling used historically in the district. We will be drilling core to get a true picture of the clearly structurally-controlled mineralization as we trace it towards its source.”
The Northern Lights and Reyna Silver intend to update investors about the near term exploration plans for Medicine Springs in the coming weeks.
Reyna Silver is committed to spending a minimum of US$2.4 million in exploration expenditures and paying Northern Lights a US$1 million cash payment to earn an 80% ownership in the Medicine Springs Project with Northern Lights retaining a 20% interest. Northern Lights is not required to make any cash contribution to project expenditures until Reyna Silver has spent a minimum of US$4m.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
- Published in Mining, News Home, Northern Lights Resources
Secret Pass Update and Drill Program
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) is pleased to announce an update to exploration work at the Company’s 100% owned Secret Pass Gold Project (“Secret Pass” of the “Project”) located in Mohave County, northwestern Arizona.
Exploration work completed by Northern Lights during 2020 has identified significant potential for high-grade gold mineralization at the Tin Cup and FM zones plus the newly identified Fiery Squid zone as well as 20 follow-up exploration targets previously disclosed in the Company’s news release of September 9, 2020.
During 2020, Northern Lights has completed significant geological fieldwork on Secret Pass including:
- Airborne drone photogrammetry mapping survey (completed May/Sept 2020)
- Airborne drone magnetic survey and interpretation (completed Sept 2020)
- Geological mapping and stream sediment and panned concentrate sampling (Sept / October 2020)
- Reinterpretation of historical IP survey data (results pending)
- A detailed review of historical geological work and GIS digitization and orientation of historic data
Refer to Figure 1: Secret Pass Geological Map and Preliminary Target Zones
Preliminary Geological Model – Tin Cup and FM Zones
Work completed by Northern Lights indicates that historic drilling has only tested the upper part of the potential epithermal gold zone at the Tin Cup and FM prospects.
Historic reverse circulation exploration drilling completed at Tin Cup intersected high-grade gold mineralization from near-surface to a maximum depth of approximately 180 metres. The average depth of the 145 historic holes completed on the Secret Pass property was 95 metres.
Assay results from the historic drilling at Tin Cup ranged up to 40 g/t Au. Several notable intersections are shown in Table 1.
Table 1: Selected Historic Drill Results at Tin Cup Zone
The mineralized zone at Tin Cup has a strike length of approximately 245 metres and a drill-indicated depth of up to 180 metres, both open along strike and depth. High-grade mineralization greater than 3 g/t Au, is localized in 3.0 to 7.6 metres wide, steep westerly-dipping structures that occurs within a much wider mineralized fault zone that ranges from 30 to 45 metres in width. The mineralization has a northwest plunge and is open at depth.
Analysis completed by Northern Lights indicates that there is potential to discover high-grade gold mineralization below the limit of the historic drilling at Tin Cup. With reference to the deepest level of production (650 m RL) at the Gold Road Mine (operated by Aura Minerals Inc., located 11 km due south of Secret Pass) and the limited depth of the historic drilling at Tin Cup (900 m RL), there is potential for high-grade gold mineralization for an additional 250 metres below the depth of historic drilling.
Refer to Figure 2: Secret Pass Geological Model – Tin Cup Prospect Cross-Section.
Historical USGS geological studies of gold-silver deposits in the Oatman Gold District establishes that the epithermal gold-silver mineralization was deposited over a temperature range of 150 to 280 degrees C and occur between the elevations of 1900 to 3050 feet (575-915 meters). The highest gold and silver grades were observed at the Gold Road and Tom Reed mines, hosted by colloform banded chalcedony-adularia-calcite-pyrite veins with a low Au:Ag ratio and a weak As-Sb-F geochemical signature. Based on the Oatman epithermal model, it is postulated that the Tin Cup and FM gold mineralization is situated in the middle to upper portions of the epithermal gold system. This assertion is further supported by the presence of adularia, fluorite and fluid inclusion temperatures ranging from 190-240 degrees C from a majority of the Tin Cup veins.
Secret Pass Phase 1 Drill Program
Northern Lights has planned an initial 8 hole, 1,600 metre, diamond core drill program at Secret Pass to commence immediately upon the Company receiving the required exploration and drill permits that are currently in process.
This initial Phase 1 drill program will focus on confirming the presence of high-grade gold mineralization identified by historic drilling and providing structural information as well as to test for the potential of continued mineralization at depth at Tin Cup.
Also, the Phase 1 program will include two holes at the newly identified Fiery Squid zone located approximately 2 km to the north of the Tin Cup zone. A historic grab sample from the dumps adjacent to the shaft at Fiery Squid yielded 6 g/t Au. The Fiery Squid zone is an intense sericite-altered, quartz-veined set of contacts developed between a swarm of rhyolite intrusions and host andesite situated in the middle of a 1000 x 500 metre zone of iron oxide alteration.
All drilling will be diamond core drilling, size HQ.
Hole | Location | Azimuth (o) | Dip (o) | Length (m) |
TC01 | Tin Cup | 310 | -50 | 250 |
TC02 | Tin Cup | 220 | -45 | 175 |
TC03 | Tin Cup | 220 | -55 | 225 |
TC04 | Tin Cup | 220 | -65 | 400 |
FM01 | FM | 220 | -50 | 150 |
FM02 | FM | 220 | -50 | 150 |
FS01 | Fiery Squid | 220 | -45 | 100 |
FS02 | Fiery Squid | 175 | -45 | 150 |
Total | 1,600 |
Table 2: Secret Pass Phase 1 Drill Program
Northern Lights has appointed Altar Drilling, Inc., based in Tucson Arizona, to commence diamond core drilling at Secret Pass once the permitting process has been completed.
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver is earning 100% ownership.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Figure 1: Secret Pass Geological Map and Preliminary Drill Target Zones (For enhanced image, click here)
Figure 2: Secret Pass Geological Model – Tin Cup Prospect Cross Section (For enhanced image, click here)
SOURCE: Northern Lights Resources Corp.Related Documents:
- Published in Mining, News Home, Northern Lights Resources
Northern Lights Executes Option/Joint Venture Agreement for the Medicine Springs Project with Reyna Silver Corp.
Northern Lights Resources Corp. (CSE:NLR)(“Northern Lights” or “NLR”) is pleased to announce that it has executed a Property Option and Joint Venture Agreement (the “Agreement”) with Reyna Silver Corp. (TSXV:RSLV) (“Reyna Silver”) on the Medicine Springs Project in Elko County, Nevada, U.S.A. (the “Transaction”).
The Medicine Springs Project comprises 149 unpatented Federal mineral claims covering 1,189 Ha located in the Ruby Mountains Valley just off the famous Carlin Trend. The Medicine Springs Project has the potential to host silver-zinc-lead Carbonate Replacement Deposit (“CRD”) mineralization. Northern Lights is currently earning a 100% interest in the Medicine Springs Project under the terms of an option agreement with the underlying claim owners executed August 20, 2017 (the “NLR 2017 Option”).
Under the terms of the Agreement, Reyna can earn up to 80% equity in the Medicine Springs Project by completing minimum exploration expenditures of US$2.4 million plus other commitments and paying a cash payment of US$1 million to Northern Lights by no later than December 31, 2023. (See “Key Terms of the Property Option and Joint Venture Agreement” for details). Upon completion, Northern Lights and Reyna Silver will jointly own 100% of the Medicine Springs Project and will establish a Joint Venture.
Northern Lights has a free carried interest (with no future repayment) on all exploration expenditures on the Medicine Springs Project until Reyna Silver has spent a minimum of US$4 million. After the free carry period is complete, Northern Lights will contribute to joint venture expenditures on an equity basis.
The Transaction is legally binding with completion only subject to the finalization of Reyna Silver’s legal due diligence on the Medicine Springs Project mineral claims that is to be finished by the end of October 2020.
Northern Lights CEO, Jason Bahnsen commented “We are delighted to have Reyna Silver as a joint venture partner on the Medicine Springs Project. Medicine Springs is a CRD system with high-grade silver potential similar to Reyna Silver’s flagship Guigui Project in Mexico. This joint venture leverages the exploration work that Northern Lights has completed on the project together with the proven CRD expertise of Dr. Peter Megaw and the team at Reyna Silver. We look forward to working together with Reyna Silver to accelerate unlocking the potential of Medicine Springs.”
Image: https://www.accesswire.com/users/newswire/images/609046/northernlights1.PNG
For enhanced image, click here
The Medicine Springs Project
Dr. Peter Megaw, Technical Advisor to Reyna Silver commented “Medicine Springs ticks the most important boxes we look for in CRD exploration including location on a large regional structure that hosts significant CRDs, situated at the top or a thick section of potentially favorable carbonate host rocks and evidence of high silver grades. Some of the dump and rock chip samples run well over our 400 g/t (12 oz/t) silver threshold and it is quite likely that similar grades were diluted by the Reverse Circulation drilling used historically in the district. We will be drilling core to get a true picture of the clearly structurally-controlled mineralization as we trace it towards its source.”
Since acquiring the Medicine Springs Project in 2017, Northern Lights has completed exploration work including detailed geological mapping, rock sampling, analysis of historic geophysical survey data (CSAMT and IP), review of historic exploration drilling, an aeromagnetic survey and an Ionic Leach soil geochemistry survey (see Figure 3).
The historic 125 shallow Reverse Circulation drill holes on the Medicine Springs Project encountered partially oxidized silver-zinc-lead mineralization at depths of up to 180 meters intersecting silver grades of up to 225 g/t. An extensive rock sampling program was completed in 2018 with a total of 66 samples collected in conjunction with surface mapping. Of the 66 samples collected, 27 samples assayed greater than 20 g/t silver and there were 17 samples with silver assays exceeding 100 g/t and a maximum value of 559 g/t. The Ionic Leach soil geochemistry survey completed in 2019 defined a strong coherent NE trending silver-zinc-lead anomaly which measures more than 2,000 meters in length and ranges up to 500 meters in width.
The results of the exploration work completed by Northern Lights at the Medicine Springs Project highlight the potential for significant silver-zinc-lead mineralization including the potential for high-grade CRD style mineralization.
Image: https://www.accesswire.com/users/newswire/images/609046/northernfig3.jpg
Figure 3: Medicine Springs Project – Rock Assays / Ionic Leach Ag-Zn-Pb Soil Anomaly
For enhanced image, click here
Northern Lights has an initial approved exploration drill program of approximately 4,900 meters in place for the Medicine Springs Project. Reyna Silver intends to start work on the property immediately with a focus on evaluation and the start of exploration core drilling.
Key Terms of the Property Option and Joint Venture Agreement
- Reyna Silver has the option to earn an initial 75% ownership in the Medicine Springs Project with NLR retaining 25%.
- Reyna Silver has the option to acquire an additional 5% of the Medicine Springs Project by paying NLR US$1,000,000.
- Reyna Silver is appointed the operator and manager of the Medicine Springs Project with a joint operating committee to be established with representatives from both parties.
- Reyna Silver must complete expenditure commitments of approximately US$2,400,000 on the Medicine Springs Project by December 31, 2023, including a minimum of US$700,000 to be spent before December 31, 2021.
- Except for US$50,000 that will be paid by NLR, Reyna Silver will be responsible for making all remaining cash consideration payments (US$875,000) to the underlying claim owners under the NLR 2017 Option.
- NLR to make all remaining equity consideration payments (US$200,000) to the underlying claim owners under the NLR 2017 Option.
- NLR’s equity interest in the Medicine Springs Project is free carried, with no future repayment of Joint Venture expenditures until Reyna Silver has spent a total of US$4,000,000. NLR will then contribute to Joint Venture expenditures on an equity basis.
- Any mineral claims acquired by either party within five miles of the outer boundaries of the current Medicine Springs Project will form part of the Joint Venture.
- Reyna Silver to assume all other rights and obligations of the underlying NLR 2017 Option.
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information on Medicine Springs Project and Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
About Reyna Silver Corp.
Reyna Silver Corp. is a silver exploration company with a robust portfolio of Mexican silver assets. The Company was built around the Guigui and Batopilas Projects, which formed part of MAG Silver’s original IPO portfolio. Reyna’s strategy centers around leveraging its expertise in Mexico to explore projects that have the potential for high-grade, district-scale discoveries.
Reyna Silver Corp. trades under the ticker RSLV on the TSX.V. This and other Reyna Silver Corp. can be viewed at www.sedar.com and www.reynasilver.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements concerning: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Northern Lights Resources Corp.
View source version on accesswire.com:
https://www.accesswire.com/609046/Northern-Lights-Executes-OptionJoint-Venture-Agreement-for-the-Medicine-Springs-Project-with-Reyna-Silver-Corp
- Published in Mining, News Home, Northern Lights Resources
Northern Lights Strengthens Geological Team at Secret Pass and Medicine Springs
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) ( CSE:NLR ) (CNSX:NLR.CN) is pleased to announce a number of updates as the Company advances the Secret Pass gold project in Arizona and the Medicine Springs silver, lead zinc project in Nevada.
Northern Lights is pleased to announce the following appointments to its corporate and project teams:
- – Mr. Paul Warren has been appointed to our geological team and is leading our exploration program at the Secret Pass Gold project in Arizona. Paul is a highly experienced Professional Geologist with over 25 years of experience in exploration, geotechnical, structural geology and mine operations. From 1995 to 2017, Paul worked for PT Freeport McMoran (“Freeport”) at the company’s copper and gold mine in Irian Jaya, Indonesia (one of the largest copper/gold mines in the world). Paul held a range of operating and management positions at Freeport including Exploration Geologist where he conducted helicopter assisted exploration in remote locations; General Superintendent roles leading and training Freeport geological teams in resource, geology and hydrology modelling. Paul is an expert at computer based modeling and early stage exploration of Cu-Au porphyry skarn deposits. Paul holds a Master of Arts in Geology and a Bachelor of Science Geology from University of Texas. Paul is a Professional Geologist and is a Certified Professional Geologist. Paul is based in Tucson, Arizona.
- – Mr. William (Bill) Tafuri has been appointed to our geological team and will oversee exploration at the Medicine Springs silver lead and zinc project in Nevada and assist the Company exploration program at Secret pass and other project evaluations. Bill has over 40 years of experience working on a wide range of gold and base metals exploration and development projects throughout USA, Indonesia, Kyrgyzstan, Kazakhstan and Russia. Bill’s experience includes senior roles with: Getty Mining Company where he managed exploration and project evaluation for porphyry copper as well as gold projects; Senior Geologist at Santa Fe Gold and subsequently Newmont Gold; Phelps Dodge where he directed and lead local geological teams in Kazakhstan and evaluated gold and polymetallic deposits; Chief Geologist for Kinross Gold where he was responsible for all exploration projects in the Western Hemisphere. Bill holds a Ph.D in Geology from the University of Utah and a Masters in Geology and a Bachelor of Science in Geology from the University of Nevada. Bill is based in Park City, Utah.
Both Paul and Bill will report to NLR’s Chief Geologist, Gary Artmont who is overseeing and directing the Company’s exploration strategy.
- – Mr. Michael (Mike) England has been appointed as a Strategic Advisor to Northern Lights. Mike is a Vancouver based mining industry executive and is currently leading several successful exploration companies with projects in Canada and USA including Sky Gold Corporation, BTU Metals and Golden Lake Exploration. Mike will assist Northern Lights with the company’s business growth and financing strategy.
Northern Lights has begun the application processes for an OTCQB listing with DTC eligibility as well as a Frankfurt Stock Exchange listing.
Chairman and President, Rick Timcke commented ” Northern Lights is extremely delighted to strengthen the geological and corporate team with the addition of Paul Warren, Bill Tafuri and Mike England. The OTC and Frankfurt listings will assist to broaden the Company’s shareholder base and will provide non-Canadian investors with an opportunity to participate in the rapid growth of Northern Lights. “
Northern Lights is actively progressing exploration at both the Secret Pass Project in Arizona and the Medicine Springs Project in Nevada. The Secret Pass and Medicine projects are in good standing with all federal and state maintenance fees paid for the 2020/2021 year.
The Company plans to announce updates to the exploration plans for both projects in the coming weeks.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead property located in Elko County Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com .
- Published in Mining, News Home, Northern Lights Resources
Northern Lights Completes Settlement of $2.2 Million Private Placement
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) (CNSX:NLR.CN) is pleased to announce that it has completed the settlement of the non-brokered private placement that was announced closed on August 19,2020 (the “Private Placement”).
The Company has issued 43,730,014 common shares (the “Shares”) and 45,874,014 warrants (the “Warrants”). The Shares are subject to a standard hold period until December 20, 2020. Each Warrant is exercisable into one common share of the Company at an exercise price of $0.075 until August 19, 2022.
Northern Lights has received total gross proceeds of $2,186,501 from the closing of the Private Placement. The proceeds will be utilized for exploration work on the Company’s Secret Pass gold project in Arizona and the Medicine Springs silver lead zinc project in Nevada and for general working capital purposes.
The Company has paid total finders fees of $121,200 and 2,144,000 broker warrants in relation to the closing of the Private Placement.
Northern Lights current total shares on issue are 108,270,688.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead property located in Elko County Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com .
- Published in Mining, News Home, Northern Lights Resources
Northern Lights Completes UAV Geological Surveys at Secret Pass
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) (CNSX:NLR.CN) is pleased to announce that a team from MWH Geo Surveys International Inc. (MWH Geo-Surveys) are currently on site at the Secret Pass gold project in Arizona. MWH Geo Surveys have been appointed by the Company to complete drone based geological surveys as part of the 2020 phase one exploration program at Secret Pass. This work was initially planned to commence in March but due to COVIC-19 pandemic travel restrictions the start date was delayed.
MWH Geo Surveys are completing two key field programs at Secret Pass:
- 1) Orthophoto digital mapping survey which will generate a high resolution surface model of the entire 868 hectare license area; and
- 2) An aeromagnetic survey to produce a high resolution structural map that will be used to identify prominent structures that may host gold mineralization. The magnetic survey will be conducted on a 50 metre line spacing and will total approximately 200 line km of survey data.
The UAV survey field work is expected to be complete this week with interpretation of the results by a geophysicist to follow.
The results of this field work will be used to identify target zones at Tin Cup and other prospective sites on the Secret Pass License area for follow up exploration field work including drilling.
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and the Medicine Springs, a high grade silver-zinc-lead property located in Elko County Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com .
- Published in Mining, News Home, Northern Lights Resources, Uncategorized
Northern Lights Completes Registration of Secret Pass Gold Project Mineral Claims
Northern Lights Resources Corp.(CSE:NLR) is pleased to announce that the Company has completed the change of registration for the mineral claims acquired under the Secret Pass Gold Project (“Secret Pass”) acquisition announced on July 15, 2019.
Northern Lights was notified by the State of Arizona Department of Land that as of February 12, 2020, the 84 mineral claims (comprising 868 hectares) associated with Secret Pass are 100% owned and registered in the name of Northern Lights’ wholly owned, Arizona registered, subsidiary company Secret Gold Pass LLC.
This step completes the acquisition of the Secret Pass Gold Project and enables Northern Lights to begin exploration field work at the project. The Company plans to commence the exploration field program with the drone based photogrammetry and aero magnetic surveys. The operator of the drone survey systems has confirmed their ability to complete the work utilizing US based teams as soon as the current COVID-19 situation allows.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two key projects: The 100% owned / zero royalty, Secret Pass Gold Project located in Mohave County, Arizona; and the Medicine Springs silver-zinc-lead property located in Elko County, Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
- Published in Mining, News Home, Northern Lights Resources
Northern Lights Resources (CSE:NLR) Growth Metrics Edge Higher After Secret Pass Gold Project Purchase
MONTREAL, QUEBEC – MomentumPR‘s client Northern Lights Resources Corporation, is listed on the CSE exchange under the symbol: NLR(CSE:NLR).
Momentum PR is pleased to have produced an informative and comprehensive report on Northern Lights Resources, available here – Northern Lights Resources Corporation Investor Report.
Northern Lights Resources Corporation Highlights
- Northern Lights Resources has two prospective mining projects that continue to affirm long-term growth prospects; Secret Pass Gold Project in Arizona and Medicine Springs Silver/Lead/Zinc project in Nevada.
- Secret Pass Gold Project is a former gold producing property, 100% owned by NLR with no royalties payable from future production.
- The prospective gold project stands out in part because it features two major fault systems with numerous gold deposits showing. – NLR is progressing with an exploration plan that includes an aeromagnetic survey and an updated NI43-101 project report for the historic Tin Cup open-pit resource area. Tin Cup offers near-term production opportunities and the potential to host high-grade, shallow underground and open pit gold targets.
- Medicine Spring Project is targeting a large scale, high-grade, silver-lead-zinc carbonate replacement sulphide deposit.
- 123 shallow holes were completed to an average depth of only 43 meters. Notable intersections from the historical drilling includes 18% zinc and 36 g/t Ag over 5m and 7% Zn, 4% Pb, and 114 g/t Ag over 8m. – Exploration results defined a strong NE trending lead-zinc-silver soil anomaly that extends >2000 metres in length and 350-500 meters in width that is planned for drilling in 2020.
Northern Lights Resources Corp. (CSE:NLR) is a growth-oriented company committed to increased shareholder value through exploration and development of high-quality resource projects.
Secret Pass located in Mojave County, Arizona just 15 km north of the historic Oatman gold mining district is a region that produced 2 million ounces of gold 1892-1940. The project area’s excellent advantages include power, water, a skilled labor pool, plus epithermal gold mineralization, hosted by steeply dipping regional fault systems. Past exploration drilling completed in 1984-1991 intersected significant high-grade gold mineralization in the Tin Cup Gold Zone, with gold assays ranging as high as 40g/t.
The Medicine Springs property located in Elko County, Nevada is a previous producer with an extensive drilling prospective for high-grade oxide and sulphide silver, zinc and lead mineralization. Northern Lights is earning 100% equity interest in the project.
Backed by an experienced management team, Northern Lights Resources is on its way to becoming a highly valued exploration company in terms of value generation supported by two highly prospective mining projects.
Momentum PR is pleased to have produced an informative and comprehensive report on Northern Lights Resources, available here – Northern Lights Resources Investor Report
If you would like more information on Northern Lights Resource; https://www.northernlightsresources.com/
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About Momentum PR
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- Published in Gold, Mining, News Home, Northern Lights Resources