Medicine Springs Drill Program

Medicine Springs Drill Program

Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR)(OTCQB:NLRCD) is pleased to announce start of the 2022 exploration program at the Medicine Springs Silver Project ("Medicine Springs"), located in Elko County, Nevada, that the Company is exploring in joint venture with Reyna Silver Corp. (Reyna Silver

The 2022 exploration program at Medicine Springs will include a 5,000 to 7,000 metre drill program targeting the discovery of a large scale Carbonate Replacement Deposit (CRD) system. Drill permitting is underway and work is commencing immediately on additional field studies to further refine drill targets. Drilling is expected to commence in Q3/Q4 2022.

Norhern Lights CEO, Jason Bahnsen commented "We are delighted to have work underway at Medicine Spings leading to the upcoming 5,000 to 7,000 metre drill program. The Medicine Springs Project has the potential to host large scale CRD silver and base metals mineralizaton and we are looking forward to seeing the results of this initial drill program."

Northern Lights Resources Corp., Thursday, May 26, 2022, Press release picture
Figure 1 - Medicine Springs Project Area Showing Proposed Drilling Area

Under the terms of the Opton/JV agreement between Northern Lights and Reyna Silver, Reyna Silver are earning up to 80% of the Medicine Springs Project. Northern Lights does not contribute to project exploration expenditure until total exploration expenditures have exceeded US$4.0 million. (See the Northern Lights announcement dated October 5, 2020 for full details of the Option/JV agreement with Reyna Silver.)

In 2021, Reyna Silver conducted a Selective Jasperoid Sampling survey focused on the prominent NE trending, multi-stage jasperoids that cut across the property along the inferred principal hydrothermal fluid pathways. The results show zoning of Copper, Lead-Zinc, and Silver and are interpreted to indicate a multi-stage high-level mineralization center at depth. Comparison of the field data to Reyna's CRD continuum exploration model supports the idea that the full CRD spectrum is present within the Medicine Springs project area.

Competent Persons Statement

Information in this report relating to Exploration Results is based on information reviewed by Mr. Lee R. Beasley, a Certified Professional Geologist who is a Member of the American Institute of Professional Geologists, and a consultant to Northern Lights Resources. Mr. Beasley has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Qualified Person for the purposes of NI43-101 Standards of Disclosure for Mineral Projects. Mr. Beasley consents to the inclusion of the data in the form and context in which it appears.

For further information, please contact:

Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com 
Tel: +1 604 608 6163

Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com 
Tel: +1 604 608 6163

Shawn Balaghi, Investor Relations
Email: shawn@northernlightsresources.com
Tel: +1 604 773 0242

About Northern Lights Resources Corp.

Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver are earning 100% ownership. Northern Lights Resources is a member of the Arizona Mining Association.

Northern Lights Resources trades under the ticker of "NLR" on the CSE and "NLRCD" on the OTCQB. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Northern Lights Resources Corp.



View source version on accesswire.com:
https://www.accesswire.com/702778/Medicine-Springs-Drill-Program

News Provided by ACCESSWIRE via QuoteMedia

NLR:CNX
The Conversation (0)
Northern Lights Announces Non-Brokered Private Placement of Up to $1 Million

Northern Lights Announces Non-Brokered Private Placement of Up to $1 Million

NOT FOR DISTRIBUTION TO OR FOR DISSEMINATION IN THE UNITED STATES

Northern Lights Resources Corp. ("Northern Lights", "NLR" or the "Company")(CSE:NLR)(OTCQB:NLRCF) announces that it intends to complete a non-brokered private placement (the "Placement") for gross proceeds of up to C$1,000,000 from the sale of common shares of the Company (the "Shares") at a price of C$0.075 per Share

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Northern Lights Announces Share Consolidation

Northern Lights Announces Share Consolidation

Northern Lights Resources Corp. ("Northern Lights", "NLR" or the "Company") (CSE:NLR), (OTCQB:NLRCF) is pleased to announce that it is proceeding with the consolidation of its common shares on a ten (10) for one (1) basis (the "Consolidation"). The Company's common shares will commence trading on a post-consolidated basis effective at market opening on May 24, 2022 (the "Effective Date

Immediately prior to completion of the Consolidation, the Company has 143,571,385 common shares issued and outstanding. After giving effect to the Consolidation, the Company will have approximately 14,357,139 common shares issued and outstanding, subject to the rounding of fractional common shares. The company has been issued with a new Cusip Number (66538D301), there will be no escrow of shares, and the trading symbol will remain unchanged.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Tin Cup Exploration Update

Tin Cup Exploration Update

 

Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR)(OTCQB:NLRCF) is pleased to announce an update to the exploration plan for the Tin Cup prospect at the Company's 100% owned Secret Pass Gold Project in Mohave County, Arizona

 

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, which is located approximately 500 metres east of Tin Cup. All five (5) proposed drill holes are fully permitted. The drill holes statistics and significant intersections for the first four drill holes are sumarized on Table 1. The location of the recent drill holes and the planned drill holes for Tin Cup and the FM Zones are illlustrated on Figure 1.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
InvestmentPitch Media Video Discusses Northern Lights' Report of Additional High-Grade Assay Results from its Third and Fourth Drill Holes at its Tin Cup Prospect at its Secret Pass Gold Project in Arizona

InvestmentPitch Media Video Discusses Northern Lights' Report of Additional High-Grade Assay Results from its Third and Fourth Drill Holes at its Tin Cup Prospect at its Secret Pass Gold Project in Arizona

 

Northern Lights Resources (CSE:NLR) (OTCQB:NLRCF) reports additional high-grade assay results from its third and fourth drill holes at its Tin Cup Prospect at its Secret Pass Gold Project in Arizona. The 100%-owned Secret Pass Gold Project is located in the Frisco-Catherine Gold district of Northwest Arizona, is approximately 8 kilometers Northeast of Elevation Gold's Moss Mine, a heap leach open pit gold mine currently operating at an average mined grade of 0.45 gt gold. Following the acquisition of an additional 260 hectares in September 2021, the Secret Pass Gold Project now covers approximately 1,128 hectares.

 

  A Media Snippet accompanying this announcement is available by clicking on the image or link below:  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
More High Grade Drill Results at Tin Cup

More High Grade Drill Results at Tin Cup

 

Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR, OTCQB:NLRCF) is pleased to announce the assay results from the third and fourth drill holes (TC21-04 and TC21-05) completed at the Tin Cup prospect at the Company's 100% owned Secret Pass Gold Project in Mohave County, Arizona

 
  •  TC21-04 Intersections*:
    • 0.95g/t over 103.00m, the entire length of the drill hole from collar to hole bottom, including
    •  
    • 2.96g/t over 12.96m from 75.59m
    •  
  •  
  •  TC21-05 Intersections*:
    • 0.29g/t over 60.91m from 41.50m, included
    •  
    • 0.56g/t over 24.07m from 78.34m, including
    •  
    • 4.23g/t over 0.99m from 101.42m, in the last metre of the drill hole
    •  
  •  

Previously announced assays received for TC21-02 and TC21-03 indicate wide zones of near surface gold mineralization are present at Tin Cup. (Note, the grade of the intersections for TC21-02 and TC21-03 have been corrected from previous news release of February 22, 2022)

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
australian flag in court room.

Queensland Recognizes Graphinex’s Esmeralda Graphite Project

The Queensland Government is fast-tracking private company Graphinex’s Esmeralda graphite project with a Coordinated Project declaration.

In a July 11 statement, the government said that the declaration forms part of the Crisafulli Government’s move to partner with private companies and boost job-creating projects in Queensland.

“De-risking the delivery of projects like this through whole-of-government approval coordination is supporting more Queensland investment and creating more well-paying Queensland resource jobs,” commented Deputy Premier and Minister for State Development, Infrastructure, Local Government and Planning Jarrod Blejie.

Keep reading...Show less
Glowing graphite molecules.

ASX Graphite Stocks: 5 Biggest Companies in 2025

Graphite isn’t just used for pencils — it's also a key lithium-ion battery component due to its high conductivity and quick-charging capacity.

This means the graphite sector could experience tailwinds from rising demand for electric vehicles and energy storage systems in the coming years.

Australian investors searching for ways to get exposure to the graphite industry can look to the ASX, which is home to a slew of companies focused on the graphite market.

Keep reading...Show less
Australian money and magnifying glass.

CSIRO Backs Graphite with AU$400,000 R&D Grant Program

Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has launched a new graphite research and development (R&D) program geared at assisting small- to medium-sized enterprises.

The initiative will allow grant recipients to collaborate with CSIRO scientists and access quality facilities.

“(It) comes at a crucial time,” said CSIRO Principal Research Scientist Adam Best.

Keep reading...Show less
NextSource Materials

NextSource Materials Shifts Battery Anode Facility Plans to Middle East for Accelerated Growth

 NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") announces an update to its Battery Anode Facility (BAF) strategy, withdrawing from its Mauritius option to focus on accelerated, larger-scale opportunities in the Middle East.

Since November 2022, NextSource has been working closely with its project stakeholders to establish a world-class BAF in Mauritius. The Company leased a potential BAF site and invested in upgrading existing processes to ensure compliance with local regulations and to minimize any environmental impact. Throughout the extensive Environmental Impact Assessment (EIA) review process, the Company continually and promptly met all requests for information.

Keep reading...Show less
E-Power Resources (CSE:EPR)

E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement

E-Power Resources Inc (CSE: EPR) ("E-Power" or the "Company") announces that it has closed the third and final tranche "Third Tranche" of the private placement previously announced on March 12, 2025 (the "Private Placement").

An aggregate of 5,598,240 units (the " Units") of the Company were issued in the Third Tranche of the Private Placement at a price of $0.05 per Unit for gross proceeds of $279,912, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date (the "Offering").

Keep reading...Show less

Latest Press Releases

Related News

×