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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 Aug 03, 2024 12:40pm
164 Views
Post# 36163179

Two events

Two eventsYesterday, the North American financial world was turned upside down by news that strongly suggested we are entering a recession, perhaps a bad one, one long overdue. This is good news for precious metals and their miners, including explorers.

Earlier in the same week, Mexico's new president indicated that she would nationalize mines there. Investors in those properties will be forced to find other mining opportunities elsewhere. Much of that interest will focus on the American Southwest, including Nevada and Arizona, where NL holds claims. 

I am not saying these events will be a boon for NL, but they can't hurt. I'll continue to hold my few shares based on this company's holdings of Reyna Silver stock, a company in which I have more than a minor interest. 

VP in AZ



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