Northern Lights Resources reduces Secret Pass holdings
2022-10-11 14:13 ET - News Release
Mr. Albert Timcke reports
NORTHERN LIGHTS SECRET PASS AND MEDICINE SPRINGS PROJECT UPDATE
Northern Lights Resources Corp. has provided an update to its 100-per-cent-owned Secret Pass gold project, located in Arizona, and the Medicine Springs silver project, which the company is exploring in joint venture with Reyna Silver Corp. in Nevada.
Secret Pass Project
Following a strategic review, Northern Lights has reduced its land position at its Secret Pass Gold Project to focus on the areas of know gold mineralization between Tin Cup and the FM Zone.
The Secret Pass Project area now totals approximately 271 hectares comprising one State Mineral License (212 Ha) and 8 Bureau of Land Management mineral claims (65 Ha).
In 2021, Northern Lights completed a 610 metre drill program at the Tin Cup Prospect that included 4 diamond drill holes. The assay results from the initial Tin Cup drill program showed the presence of significant gold mineralization with assays up to 29.9 g/t gold. See Figure 1 and NLR announcement of 7 March 2022 for further information.
Following on from the success of the initial four holes completed, Northern Lights is planning to expand the exploration program at Secret Pass to include the drilling of three (3) additional holes at Tin Cup and two (2) drill holes at the FM Zone for a total of approximately 1,100 metres plus a deep penetrating Induced Polarization (IP) Survey over the area between the Tin Cup and FM zones. The FM Zone is located approximately 1 km east of the Tin Cup prospect.
The IP survey will explore to depths of ~400 metres and will assist to further define the drill targets associated with zones of high chargeability located along strike and to depth over the identified soil anomaly zone between Tin Cup and the FM Zone. Approximately 16 line km are planned in the IP survey. See Figure 2.
Medicine Springs Project
Northern Lights and Reyna Silver (TSX.V RSLV) are earning 100% interest in the Medicine Springs silver project located in Elko County Nevada. The Medicine Springs is prospective to host a large-scale carbonate replacement deposit containing silver, zinc and lead mineralization. Drilling is continuing on the first drill hole at Medicine Springs with a target depth of approximately 1,000 metres. The key objectives of the drill hole, MS-22-01, is to determine the thickness of the carbonate sequence, the depth of oxidation and confirmation of the geophysical anomalies identified by Northern Lights exploration work in 2019. A total of approximately 4,000 metres is planned to be completed at Medicine Springs over the next several months.