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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

Comment by ValueProon Jan 07, 2023 11:28am
97 Views
Post# 35208703

RE:RE:RE:RE:RE:RE:Headline the $43,000 Debt Settlement

RE:RE:RE:RE:RE:RE:Headline the $43,000 Debt Settlement "There is no hold or lockup period on debt..."

O.k., I bow to superior knowledge.

"Maybe there are people in the know that know Reyna has made a discovery at Medicine Springs??"

While that may be possible, I think the odds are low.  I say that because the Phase I drilling program seemed more designed for exploration, as suggested in the PR announcing it. 

But more importantly, only four holes were completed before the program was shut down for the season.  It usually takes a succession of holes to find the "sweet spot" from follow-up drilling.  Having a discovery from the first holes is rare. 

As an aside, the PR of September 8 announced not the start of drilling but that drill mobilization was ordered.  I think drilling began later than intended.







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