Northern Lights CEO: Complete Ownership of Secret Pass Provides Full Flexibility
Northern Lights CEO Jason Bahnsen joined INN to discuss his company’s progress in developing its two resource projects in the US.
Northern Lights recently completed the purchase of 100 percent of the Secret Pass gold project in northwestern Arizona. According to Bahnsen, complete ownership of the project should provide Northern Lights with improved flexibility as it works to develop Secret Pass. The company has managed to secure full ownership of the property without any outside production royalties, allowing Northern Lights to receive full value moving forward.
Northern Lights Resources is also working to develop the Medicine Springs project, located near the Carlin trend in Nevada. The company completed a detailed exploration program on Medicine Springs in 2019, including an aeromagnetic survey, geophysics and a detailed ionic leaching geochemistry program. Northern Lights intends to continue to explore the property with plans to drill in 2020.
Below is a transcript of our interview with Northern Lights CEO Jason Bahnsen. It has been edited for clarity and brevity.
Northern Lights CEO Jason Bahnsen: Hello. My name is Jason Bahnsen. I’m the CEO of Northern Lights Resources Corp. We’re listed on the CSE and our ticker is NLR.
Investing News Network: Please provide our investor audience with an overview of Northern Lights Resources and its projects.
JB: Northern Lights is focused on the exploration and development of precious metals and base metals projects in mining-friendly jurisdictions. We currently have two projects in a couple of the best jurisdictions in the world, Arizona and Nevada. Northern Lights listed on the CSE approximately one year ago. We have approximately 50 million shares on issue, which is a very tight capital structure. In 2020, we plan to list on the OTC to give our US shareholders easy access to trading.
INN: Why was it important to buy 100 percent ownership of the Secret Pass project?
JB: In December, Northern Lights completed the purchase of the Secret Pass gold project in Northwestern Arizona. The project is in the historic Oatman-Katherine gold district that produced over 2 million ounces of gold between 1842 and the 1940s. One hundred percent ownership gives us maximum flexibility with the development of the project.
INN: What originally attracted Northern Lights to the Secret Pass property?
JB: We own 100 percent of the Secret Pass gold project, which gives us maximum flexibility. We were able to acquire the project with no third-party production royalties. The project has a previous historic producing open-pit and underground mine called the Tin Cup. There are also over 10 historic past-producing properties on the 800 hectare project license area.
INN: What did the recent assay results at Secret Pass tell you about the project’s potential?
JB: The recently reported assay results at the Secret Pass project confirm some of the historic drilling that has been completed on the project, including drilling completed by Santa Fe in the 1980s. Assayed grades range from 10 to 40 grams per ton at a depth amenable to open-pit mining. Northern Lights is planning an aggressive exploration program at Secret Pass in 2020. This will include geophysics, sampling and drilling. The key targets include the completion of a NI 43-101 resource as well as the identification of future drill targets on the project.
INN: How is exploration work progressing on the Medicine Springs project?
JB: Medicine Springs is located just to the east of the Carlin Trend in Northeastern Nevada. The project is a historical producer with over 120 previous drill holes completed in the 1980s. The grades of those holes include 18 percent zinc, 4 percent lead and over 200 grams of silver.
In 2019, Northern Lights completed a detailed exploration program on the project, which included an aeromagnetic survey, geophysics program and a detailed ionic leaching geochemistry program. This work identified several previously unknown anomalies that Northern Lights plans to drill in 2020. The key exploration targets at Medicine Springs include an open-pittable oxide deposit for silver, lead and zinc as well as the potential for a large scale sulfide carbonate replacement deposit at depth.
In 2020, we anticipate some exciting news for Northern Lights. I welcome you to check out our website at northernlightsresources.com and subscribe to our email list. Thank you.
This interview is sponsored by Northern Lights Resources (CSE:NLR). This interview provides information which was sourced by the Investing News Network (INN) and approved by Northern Lights Resources in order to help investors learn more about the company. Northern Lights Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Northern Lights Resources and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.