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Resource Investing News Featured Stock

Northern Empire – Exploration in World-Class Tintina Gold Belt

Overview

Northern Empire (TSXV:NM) is a Canadian-based junior exploration company focused on the acquisition and exploration of precious metals and base metals properties. Northern Empire holds interests in highly prospective precious metals projects in Alaska, Nunavut and British Columbia. The company’s flagship property is its wholly-owned Richardson Project located in the Alaskan region of the Tintina Gold Province.

The Tintina Gold Province is a1,200-km-long and a 200-km-wide arcuate metallogenic belt extending from northern British Columbia through the Yukon Territory and then across and into southwest Alaska. The province includes such large gold deposits as Coffee, Pogo, Fort Knox, True North, Donlin Creek, and Shotgun.

The region remains a prime area for gold exploration and development. Recent nearby discoveries include Kaminak’s Coffee Project, Victoria Gold’s Eagle Project, ATAC’s Rau property, and Kinross’s Underworld property. The company believes that Richardson offers a high potential for a new discovery within the Tintina Gold Province. “This is the best gold exploration target I’ve seen since Coffee,” said Chairman, Professional Geologist and Spud Huestis-award winner John Robins who has helped to found several companies including the Kaminak Gold Corporation, currently the subject of a $520 million acquisition by GoldCorp.

The company is led by a successful management team with proven capital-raising capabilities and a world-class technical team with decades of experience in exploration including significant discoveries. The company benefits from Robins’ 30-year career in northern project exploration and development. President and CEO Mike Allen has explored for gold in the Arctic, British Columbia, Ontario and Nevada as well as base metals, both in Canada and internationally. Adrian Fleming, Director and Technical Advisor was most recently the President and Director of Underworld Resources which made a significant gold discovery on the White Gold Property in the Yukon.

Investment Highlights

  • Exploration A-team
  • Tight share structure
  • World-class Tintina Gold Belt with large deposits and producing mines
  • Excellent infrastructure including major roads and power lines
  • Significant historical dataset including drilling and bulk sampling program
  • District-scale potential: high probability for discovering new zone; existing zones with clear targets for further exploration
  • Drilling and trenching confirm the presence of gold mineralization in the sub-surface
  • Consistent north-south to north-west controls to the mineralization

Flagship Property: Richardson Project, Alaska

The Richardson Project is an exploration-stage gold project located 115 kilometers southeast of Fairbanks Alaska and 40 kilometers northwest of Delta Junction in the Yukon Tanana Terrain of east-central Alaska. The property area is approximately 75 kilometers west of the Pogo mine (4.973 Moz at 12.5 g/t gold) and 75 kilometers southeast of the Fort Knox mine (3.8 Moz at 0.45 g/t gold).

The property comprises 28,763 acres and is bordered on the south by the all-weather Richardson Highway and a highway power line transit. The Trans-Alaska Pipeline and another high power transmission line are found on the northern border of the property. Most of the project area is accessible by gravel roads.

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“Richardson is one of the few gold exploration properties in Alaska which is road accessible, bound on two sides by high transmission power lines, located in a mining friendly jurisdiction, and host to multiple, large gold footprints,” stated Northern Empire’s Chairman, John Robins, P.Geo.

Excellent historical data available

Placer gold was first discovered at Richardson in 1905 including at least two occurrences of eluvial placers; lode gold was discovered some years later. All the lode gold occurrences within are consistent with the intrusive-related gold (IRG) deposit model. Exploration work has identified a number of IRG systems on the property.

A large historic dataset beginning in 1987 exists for the property including 39 core and 52 RC drill holes; 52 miles of airborne geophysics; 3,654 rock samples; and 3,542 soil samples. In 1988, 2,000 ounces of gold was recovered during a bulk sampling program at the Democrat Pit.

Multiple distinct styles of IRG mineralization are present and include geological and geochemical signatures similar to Pogo and Fort Knox. Northern empire has identified several gold targets based on the historical data, including the large gold targets at the Democrat Pit, Shamrock and the Wide Zone. Since 2015, the company has been working to evaluate the potential of a district-scale discovery at Richardson.

2015 Exploration Work

Northern Empire’s 2015 exploration work at Richardson consisted of a review of all the available historic data as well as prospecting, soil and rock sampling. Soil samples totaled 256 and were collected on two east-to-west soil lines to the north of Democrat Pit and two east-to-west reconnaissance lines in the Wide Zone. Both the Democrat Pit lines returned anomalous gold-in-soils values and were statistically high in silver. Soils collected along the Wide Zone returned anomalous gold and copper values.

A total of 25 rock grab samples were taken from outcrop in the Democrat Pit zone. Assay returns included:

  • 71.2 g/t gold and 48.6 g/t silver;
  • 4.6 g/t gold and 111 g/t silver;
  • 2.0 g/t gold and 233 g/t silver;
  • 5.88 g/t gold and 6.09 g/t silver; and
  • 1.78 g/t gold and 67.3 g/t silver.

Northern Empire has drill logs and drill core from drilling conducted in 1988 and 2005 which shows that mineralization in the Democrat Pit and along the mineralized Richardson lineament is hosted in fault bounded brecciated rhyolite porphyry and coeval fine grained intrusives. Drilling immediately below the gold soil anomaly intersects gold mineralization which is projected to extend to the North for at least 1.1 kilometers within the immediate soil geochemical anomaly. Geophysical and litho-geochemical anomalies extend for approximately 1.8 kilometers.

High grade rock samples and anomalous soil sample lines outline potential for a north-south gold bearing structural corridor at the Democrat Pit zone. “The initial results from both the Democrat Pit area and the Wide Zone, including finding high grade gold and silver in outcrop at the Democrat Pit, have greatly refined our areas of focus for the 2016 exploration season,” stated Robins.

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The 2016 Exploration Program is based upon the 2015 results and the review of the historical dataset. The program consists of defining drill targets by further soil sampling and trenching as well as IP and MAG surveys.

Northern Empire recently completed a C$1.35 million financing, the proceeds of which will be used in part to fund the advancement of the Richardson gold project.

Management

John Robins, P.Geo., Chairman, Director and Technical Advisor

John Robins is the founder of Kaminak Gold Corporation and a professional geologist with over 30 years’ experience in the mining industry. His career has focused on northern project exploration and development. In 2008 he received the Spud Huestis award for having made “a significant contribution to enhance the mineral resources of British Columbia and the Yukon, through the original application of prospecting techniques and geoscience technology”. Robins is also the cofounder of Hunter Exploration, Stornaway Diamond Corporation, Kivalliq Energy Corporation, and North Country Gold. In addition, Robins has served on the board of directors of several companies including, Grayd Resources, Brilliant Resources, and Creston Moly Corporation.

Michael G. Allen, P.Geo., President, CEO and Director

Mike Allen has a wealth of experience in the mining industry with a strong background in project evaluation, recently evaluating in excess of 400 gold projects worldwide. He identified and negotiated the purchase agreement of a significant gold project in Nevada and was part of the team that raised in excess of $30 million to complete the transaction. Post-acquisition, he met with stakeholders to receive permits for the project and was a member of the team that completed a positive Pre-Feasibility Study.

A geologist by training, Mike graduated from the University of Alberta in 1997 and 1998, and started his career exploring for diamonds. While exploring for gold in the Arctic at the Hope Bay project, he worked with Adrian Fleming; after which he joined DeBeers to assist in developing the Snap Lake Mine. Mike has a strong technical background having explored for gold in the Arctic, British Columbia, Ontario and Nevada as well as base metals, both in Canada and internationally. He has worked in both open pit and underground mines, as well as managing construction of new mines and exploration crews.

Adrian Fleming, Director and Technical Advisor

Adrian Fleming is an Australian geologist with over 30 years of global diversified experience in the mining industry, including exploration, project development, and operations. Fleming was most recently the President and Director of Underworld Resources which made a significant gold discovery on the White Gold Property in the Yukon. He has held a number of senior positions, including Exploration Manager for Placer Dome in Sydney, President of Giant Yellowknife Mines in Toronto, and Vice President of Exploration for Golden Star in Denver.

His successes include involvement with teams that discovered, advanced, and developed gold mines, including Porgerain Papua New Guinea, Big Bell in Australia, Gross Rosebelin Suriname, and the new discoveries at Naartokand Sulukin Nunavut.

Bill Cronk, Chief Geologist

Bill Cronk has 25 years of experience as a geologist and manager of exploration programs for precious metals, base metals, and uranium deposits. His level of expertise ranges from grass roots reconnaissance right up to advanced stage and pre-feasibility work while working for companies such as Dundee Precious Metals, Placer Dome, BHP and Noranda Inc.,

Most recently Cronk was part of the exploration team at Kivalliq Energy which developed the Lac Cinquante Deposit into a world class Uranium resource of 43 million pounds at 0.69% U3O8.

Doug Hurst, B.Sc. Director and Technical Advisor

Doug Hurst has 25 years of experience in the mining/resource industries having acted as geologist, consultant, mining analyst, and senior executive. Hurst holds a Bachelor of Science in geology from McMaster University (1986). He was a founding executive of International Royalty Corporation from 2003 to 2006 and a director of the company until 2010 when the company was purchased by Royal Gold for $700 million.

Darryl Cardey, Director

Daryl Cardey is a Director, a Chartered Accountant and a partner with CDM Capital, a private company focused on merger, acquisitions and corporate finance. He was a co-founder and director of Underworld Resources which was acquired by Kinross Gold for $138 million in June 2010.

Jeff Sundar, Director

Jeff Sundar has 16 years of experience in the capital markets and mineral exploration sector. Sundar was a Director of Underworld Resources which was acquired by Kinross Gold for $138 million in June 2010.

Jim Dawson, M.Sc., P.Eng., Technical Advisor

Jim Dawson is a registered professional engineer with 40 years of hands-on fieldwork experience examining, exploring and evaluating a wide range of geological and mineralized settings around the globe. Dawson participated in the discovery of the Blackdome Mine, Frasergold and Taurus Properties in British Columbia and the Big Horn Mine in Arizona.

He was an independent director of Minefinders Corp., from March 18, 1996 until its acquisition by Pan American Silver Corporation in January 2012 for $1.5 billion. He was part of the original Pan Ocean team which made the discovery of the Lac Cinquante U-Mo Occurrence (now held by Kivalliq Energy Corporation) in 1975.

Dale Wallster, Technical Advisor

Dale Wallster is a geologist and a prospector with over 30 years of experience in North American mineral deposit exploration, with a focus on the targeting and discovery of unconformity-related uranium deposits since 2002. He was president and founder of Roughrider Uranium Corp., a company acquired by Hathor Exploration Limited in 2006 for its 1,000,000 acres of strategically located uranium properties in the Athabasca Basin. He and his team are widely credited in the mineral exploration sector for the discovery of the Hathor’s Roughrider deposit. In January 2012, Hathor became a wholly-owned subsidiary of Rio Tinto as part of a CAD$650 million acquisition.

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