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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 ValueProon Sep 05, 2023 11:29am
171 Views
Post# 35619905

Because NL has an interst in Reyna Silver...

Because NL has an interst in Reyna Silver...Regarding this morning's press release, I was about to post that this may be Reyna Silver's first, which is not of district scale.  But I took a second look and noted that 10,300 hectares is almost precisely the same size as another project I know of, which is classified as district-scale, albeit small compared to most.  And in looking at the types and varieties of prospective targets at the Gryphon project, it seems to be a scale district. 

Some may call the observation semantics, and it is in one sense.  In another, it isn't.  When a project is considered "district-scale," it draws more money from big hands - institutional investors, etc. - because it implies lower risk.

FWIW


https://finance.yahoo.com/news/reyna-silver-reyna-gold-announce-110000264.html

VP in AZ

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