Tin Cup Drill Holes Intercept Wide Zones of Gold Mineralization

Tin Cup Drill Holes Intercept Wide Zones of Gold Mineralization

Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR)(OTCQB:NLRCF) is pleased to announce the assay results from the first two drill holes (TC21-02 and TC21-03) completed at the Tin Cup prospect at the Company's 100% owned Secret Pass Gold Project in Mohave County, Arizona

Assays received for TC21-02 and TC21-03 indicate wide zones of near surface gold mineralization are present at Tin Cup.

  • TC21-02 Intersections*:
    • 1.61g/t gold over 66.15m from 64.00m, including
    • 10.07g/t gold over 7.41m from 117.04m and
    • 22.00g/t gold over 2.07m from 122.38m and
    • 29.90g/t gold over 0.65m from 123.30m
  • TC21-03 Intersections*:
    • 0.80g/t gold over 170.57m from 59.55m, including
    • 2.32g/t gold over 23.50m from 95.40m

* Intersections are downhole widths as there is insufficient information to calculate true widths at this time.

Northern Lights CEO, Jason Bahnsen, commented"The assays received for the first two diamond drill-holes (TC21-02 and TC21-03) at the Tin Cup prospect encountered wide zones of gold mineralization. The holes were drilled across the Tin Cup structure at dips of -45 degrees and -55 degrees respectively. The top of the gold mineralization occurs at a relatively shallow depth of less than 40 metres below surface. Drill hole TC21-02 intersected 66 meters at 1.61 g/t including a higher grade zone of over 7 meters at 10g/t gold. TC21-03 intersected a wider zone of 170 metres averaging 0.80g/t gold including 2.32g/t gold over 23.50m. The drilling returned consistent gold grades over wide zones at shallow depth in the first two drill holes at Tin Cup. We expect to announce the results for the remaining two drill holes at Tin Cup in the near future."

The Tin Cup prospect is fully permitted for drilling and Northern Lights is expediting an aggressive drill program to delineate further gold mineralization. Northern Lights has completed four diamond core drill-holes at Tin Cup, totalling 610 metres. The Company has permits in place to drill three additional holes at Tin Cup and plans to apply for further drill-hole permits following the analysis of the first four drill holes. The gold mineralization at Tin Cup is open at depth and has not yet been tested below the level of historical Reverse Circulation ("RC") drilling (the average depth of the historic RC drilling is approximately 95 metres). The focus of this initial drill program is to confirm the gold mineralization that was previously identified by reverse circulation drilling in the 1980s and to provide additional geological information on the style of gold mineralization. The drill-hole statistics and hole orientations are found in Table 1 and Figures 1 and 2.

All four drill holes intercepted zones of moderate to strong mineralization hosted by strongly altered andesite. Gold primarily occurs as disseminated to fracture-controlled, low temperature mineralization with a moderate to high pyrite/hematite content. The alteration assemblage includes sericite, quartz, chlorite and carbonate. Brecciated and gouge-filled fault zones were encountered in both drill holes and contained disseminated pyrite. Gold mineralization at the Tin Cup is associated with northwest trending structures and splays, predominantly in the andesite and along the margins of the rhyolite dikes.

Table 1: Completed Phase 1 Drill Holes at Tin Cup

Hole No.

Location

Azimuth (o)

Dip (o)

Length (m)

TC21-01

Tin Cup

abandoned

TC21-02

Tin Cup

220

-45

175

TC21-03

Tin Cup

220

-55

230

TC21-04

Tin Cup

310

-50

103

TC21-05

Tin Cup

040

-60

102

Total

610

Figure 1: Tin Cup Phase 1 Drilling Cross Section

Figure 2 - Tin Cup Phase 1 Drilling Plan View

About the Tin Cup Prospect

The Tin Cup Prospect is localized along the steeply northeast-dipping Frisco Mine Fault. The gold mineralization is hosted by Tertiary andesite and associated with the margins of rhyolite dykes that occur as lenses within the Frisco Mine Fault. A few of the deepest historic drill holes intersected gold mineralization in the Proterozoic basement granite.

The mineralized zone at Tin Cup has a drill indicated depth of 180 metres and is open along strike and depth. Higher grademineralization (greater than 10 g/t Au), is localized in narrow sub-vertical structures developed within broader zones of lower grade mineralization ranging up to 86 metres in width. The mineralization plunges to the northwest at 50 degrees. Surface oxidation is variable extending to a maximum depth of up to120 metres based on historical drilling.

Tin Cup is located in the Frisco-Catherine Gold district of Northwest Arizona, approximately 8 kilometres Northeast of the Moss Mine operated by Elevation Gold (TSX:ELVT). The Moss Mine is a heap leach open pit gold mine operating at an average mined grade of 0.45g/t gold (see ELVT Sept 30, 2021, Quarterly Report announced November 26, 2021). Note, the reference to the Elevation Gold or the Moss Mine is for illustration purposes only and should not be compared to the Tin Cup Prospect. There is no certainty that the Tin Cup Prospect contains economic gold mineralization or will develop into an operating gold mine.

QA/QC Statement

Diamond Core (HQ size) was drilled by Godbe Drilling LLC under the supervision of Mr. Lee Beasley, QP for Northern Lights Resources. The core was split with the half core transported to Skyline Assayers and Laboratories (Skyline) in Tucson, AZ. Field control QA/QC samples, including standards, blanks, and field duplicates, were inserted into the sample stream at a rate of one field control sample every 20 regular samples. Samples received by the lab are logged, weighted and assigned into batches. Sample preparation begins with crushing samples to 75% passing -10 mesh. From this sample, 250 grams of material is separated using a riffle splitter which is then further pulverized to at least 95% - 150 mesh resulting in a pulp that is ready for analysis. Gold was determined by fire assay fusion of a 30 gram sub-samples with atomic absorption spectroscopy (method FA-01). Overlimit samples of gold ( greater than 5 g/t) were assayed by gravimetric means (FA-02). Skyline Laboratories is accredited in accordance with ISO/IEC 17025:2017 and ISO 9001:2015.

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 "NLRCF" 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/689690/Tin-Cup-Drill-Holes-Intercept-Wide-Zones-of-Gold-Mineralization

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
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.

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
Cobre Limited Logo

Analyst Report Highlights Major Upside in Cobre’s Botswana Copper Play

Description

Cobre Limited (ASX:CBE) is gaining attention for its expansive exploration efforts across highly prospective copper and quartz tenements in Botswana and Western Australia. A recent report by Independent Investment Research (IIR) highlights Cobre’s growing potential in the copper sector, especially within the underexplored yet mineral-rich Kalahari Copper Belt.

Key Highlights from the IIR report:

Botswana: High-grade Copper in Elephant Country

At the core of Cobre’s portfolio is its 100 percent owned Kalahari copper project (KCP) in northwestern Botswana, an emerging global copper hotspot. The project spans 5,393 sq km across four key tenement blocks – Ngami, Okavango, Kitlanya East and Kitlanya West. It sits adjacent to major producing assets owned by Sandfire Resources and MMG, which together hold 7 million tonnes of copper and nearly 300 million ounces of silver in resources.

Keep reading...Show less
silver bars and coins

Silver Reserves: Top 5 Countries

Silver investors are usually interested in which countries produce the most ounces of the metal.

After all, if a nation is producing an abundance of the white metal, many mining companies are likely operating there, and profitable investment opportunities may be available.

However, it’s also worth looking at silver reserves, which are a country’s economically mineable silver supply. In general, the world’s largest global silver producers also have high silver reserves that are worth learning about, but some countries with high silver reserves are not mining much of the metal.

Where there’s room to grow silver mine supply, there may be money to be made as well. For that reason, precious metals investors should also be aware of which countries may eventually become silver supply powerhouses.

Keep reading...Show less
First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant.
Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver.

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver bars in a pile on the left on top of a blue grid with a stock price chart in white.

How to Invest in Silver: Buying Bullion, Stocks and More

For investors wondering how to invest in silver, this guide covers the basics of the top options for silver investing: buying silver bullion, silver stocks, silver ETFs and silver futures.

Silver has long been an attractive vehicle not only for storing wealth, but for generating it too. Silver bugs rave about the growth opportunities to be had in a price rally. However, what goes up must come down, and the silver market is prone to deep dives, providing buying opportunities.

Investing in silver and gold is similar, but the nuances of both merit learning about them individually. Silver often trades similarly to fellow precious metal gold, meaning its significantly lower price point offers investors a more affordable method for hedging against volatility. Silver also has growing industrial demand from clean energy and electrification sectors.

Check out our beginner's guide to silver investing below, including links to in-depth guides and silver stock and ETF lists for when you're ready to go deeper.

Keep reading...Show less
Rapid Lithium

Execution of Share Purchase Agreement to Acquire Two Silver Projects in New South Wales

Rapid Lithium Limited (Rapid or Company) is pleased to announce that it has entered into a Share Purchase Agreement (SPA) with Silver Metal Group Limited (SMG) (formerly Thomson Resources Ltd) to acquire all of the shares in two subsidiaries of SMG, being Conrad Resources Pty Ltd and Webbs Resources Pty Ltd (Transaction) for a total consideration of A$6.50 million in cash and shares.

Keep reading...Show less
First Majestic Announces Voting Results from 2025 Annual General Meeting

First Majestic Announces Voting Results from 2025 Annual General Meeting

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the voting results for its Annual General Meeting of Shareholders held on Tuesday, May 20, 2025 in Vancouver, British Columbia (the "2025 AGM"). Each of the matters that were voted upon at the 2025 AGM are described in detail in the Company's Management Information Circular dated April 9, 2025 (the "Circular"), which is available on the Company's website at www.firstmajestic.com or at www.firstmajesticagm.com.

A total of 281,059,326 common shares of First Majestic were represented at the 2025 AGM, representing 57.99% of the Company's issued and outstanding common shares as at the record date for the meeting. Shareholders voted in favour of all matters brought before the 2025 AGM, except the non-binding Say on Pay Advisory Vote. The specific voting results were as follows:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×