Northern Lights Resources’ growth prospects are inching higher thanks to two prospective mining projects that continue to affirm long-term prospects. Backed by an experienced management team, focused on the identification and development of mineral deposits, the company’s long-term prospects can only be bright.
Secret Pass Gold Project in Arizona and Medicine Springs Silver/Lead/Zinc project in Nevada are at the heart of the company’s growth metrics.
Secret Pass Gold Project
Secret Pass Gold Project is a Northern Lights Resource flagship project located at the Oatman gold mining district. The mining and exploration company announced the acquisition in July and has now completed the deal through the total payment consideration of US$350,000 and 2 million shares. Northern Lights owns the 868-hectare former gold producing property 100% 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. While no work has been completed at the project since 1980, there is evidence of historic workings in the lease area.
Secret Pass Gold project stands to offer shareholders an opportunity to own a prospective gold project with significant exploration upside. It also stands out given the lack of production royalty. A historic open-pit resource should offer near term production opportunities in addition to a high-grade underground target.
The prospective gold project also offers exposure to the diversification of pure base metals.
Medicine Springs Project
Medicine Springs Project is another flagship project that underscores Northern Lights Resources prospects as a growth-oriented exploration and development company. Located in the Ruby Mountain valley in Elko Nevada, the higher perspective special metals should strengthen the company’s portfolio with 149 federal mineral claims.
Medicine Spring Project covers 1,189 Hectares, and boasts of excellent logistics. In the past, the project has produced 160 tonnes Pb, 800kg Zn, and 500kg Ag. Northern Lights Recourses is planning to carry out an identification of high-grade CRD Sulphides mineralization targeting depth and delineation of a large-scale pitiable silver-zinc resource.
Northern Lights Resources has already commenced exploration works at the Medicine Spring Project, having previously carried out detailed mapping and geochemical soil sampling. Since drilling works started at the project. The project has not been drilled since the 1980’s when a total of 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.
The company is earning 100% of the Medicine Springs project through an option to acquire over a 6 year period by completing work expenditures of $2.7m on the project.
Why Invest in Northern Light Resources
Northern Light Resources stock has already started edging higher after a period of consolidation near all-time lows. A 100% plus rally since the start of October underscores renewed investor interest. Renewed investor interest affirms growing investor confidence about the company’s long-term prospects following the acquisition of the Secret Pass Gold Project.
Complimented by the Medicine Springs Project, the prospective Secret Pass Gold Project looks set to be a vital driver of the company’s long-term value and prospects. The fact that the project has no production royalties paves the way for the company to enjoy optimum returns once it commences drilling operations.
In addition to gold exploration operations at the Secret Pass Gold Project, Northern Light Resources is also an ideal mining stock for investors looking to diversify their stakes in the industry. The Medicine Springs Project is another ideal mining project poised to provide exposure to Silver Lead and Zinc. The project has already shown large-scale CRD Zinc potential as well as oxide near-surface silver mineralization.
Backed by an experienced management team, Northern Lights Resources is on its way to becoming a force to reckon with in terms of value generation supported by two highly prospective mining projects. A clean capital structure devoid of debt all but underscores the company’s financial health crucial to bringing potential mining projects to fruition.
