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Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp. is an exploration and development company. The Company is engaged in advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and Caldera Copper Project located in Lincoln County, Nevada. The Secret Pass Gold Project totals over 271 hectares (ha) comprised of one State mineral license (212 ha) and eight Bureau of Land Management mineral claims (65 ha). The Caldera project consists of over 55 BLM mineral claims with a total area of approximately 418 hectares. It also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada. The Medicine Springs Project is located on the eastern edge of the Carlin Trend in southeastern Elko County, Nevada. Medicine Springs is a district scale exploration project comprising over 599 mineral claims over a total area of approximately 4,830 ha. It also has an option agreement to acquire a 100% interest in the Horetzky Copper Project located in the Babine porphyry copper belt.


CSE:NLR - Post by User

Post by knoxton Feb 18, 2022 7:34pm
167 Views
Post# 34443845

Up date on news

Up date on news

Northern Lights Resources Corp. [NLR-CSE] is a growth-oriented exploration and development company with promising projects in Nevada and Arizona. Northern Lights will soon be trading on the OTCQB under the ticker “NLRCF”. See www.northernlightsresources.com

The company is led by a team of seasoned mining and capital market professionals. The company employs advanced geological exploration and geophysics to do fundamental exploration work on its projects. Critical time is spent completing background geological work including mapping, sampling, aeromagnetic, IP geophysics, ionic leaching soil geochemistry, spectral analysis and GIS geological modelling to get an understanding of the geological systems for each project prior to drilling.  The NLR geology team is led by Gary Artmont, one of the foremost epithermal and porphyry exploration geologists globally.

Secret Pass Gold Project – Arizona

In Arizona, Northern Lights Resources owns 100% of the Secret Pass Gold Project. The Secret Pass Gold Project is located 15 km north of the historic Oatman-Katherine gold mining district in northwest Arizona that produced 2 million ounces of gold between 1892 and 1940 at an average gold grade of over 15 g/t.

Over the last several years the area has been rediscovered with several gold exploration and production projects active. Producing gold projects in the area include Northern Vertex Corp.’s Moss mine, an open-pit heap leach operation, and Aura Minerals [ORA-TSX] that operates the Gold Roads underground mine.

The Tin Cup mine at Secret Pass operated from the early 1900’s to approximately 1930.

Exploration drilling completed at Tin Cup from 1984 to 1991 by Santa Fe Gold and other companies intersected high-grade gold mineralization from near-surface to a 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.

Prior to ownership by Northern Lights, exploration on the Secret Pass Gold Project was limited to the Tin Cup and FM zones that represent only 10% of the total project area. 90% of the claim area has never been explored by modern methods and technology. There are over 20 historic workings that have been identified on the Secret Pass claim area.

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 additional targets based on field work and aeromagnetic and IP geophysical survey results.

The Secret Pass Gold Project is a promising gold exploration property with no production royalty allowing shareholders potentially significant exploration upside.

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