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Northern Empire and Montego Sign Letter of Intent for Kiyuk Lake Property

Matthew Spizziri
Jul. 07, 2016 01:49PM PST
Gold Investing

Northern Empire Resources Corp. (TSXV:NM) announced the signing of a non-binding letter of intent with Montego Resources Inc. (CSE:MY), whereby the Company will transfer to Montego all of Northern Empire’s right, title, interest, and obligations in and to the Kiyuk Lake Property in Nunavut Territory, Canada.

Northern Empire Resources Corp. (TSXV:NM) announced the signing of a non-binding letter of intent with Montego Resources Inc. (CSE:MY), whereby the Company will transfer to Montego all of Northern Empire’s right, title, interest, and obligations in and to the Kiyuk Lake Property in Nunavut Territory, Canada.
As quoted in the press release:

Kiyuk Lake Property consists of fifty-seven mineral claims, aggregating 491 square kilometres in southern Nunavut Territory, located 350 km west of Arviat and 400 km north of Lynn Lake. Access is cat train or by air to an ice runway in winter or by float plane in summer. Northern Empire holds a 100% interest, subject to a 2% NSR to the original Property vendor.

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