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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 realtyon Jun 26, 2022 12:04pm
196 Views
Post# 34783069

$1,000,000

$1,000,000A thought.....  If I am NLR, I think I go into hibernation for 3-6 months while Reyna drills the property.  This will allow the silver price to probably come back; If the drill results are good Reyna will buy 5% more ownership for a million bucks.  If the share price goes up significantly at any time, then I would seek a raise.  Very few companies are seeking raises in the middle of this economic crises globally.  The terms are not extremely favorable because capital is not readily available.  Realty
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