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Northern Lights Resources Corp. announced the expansion of its claim base for the Medicine Springs Project in Nevada, increasing the area by over 300% to a total of 4,831 hectares. This expansion follows a joint venture agreement with Reyna Silver Corp. allowing Reyna to earn a 75% interest through US$2.4 million in exploration commitments. Upcoming exploration includes a comprehensive mapping program and systematic sampling, aimed at identifying mineralization centers. This marks a significant step in enhancing the project's potential.
Northern Lights Resources Corp. has received approval from the Arizona State Land Department to commence drilling at the Tin Cup Prospect within the Secret Pass Gold Project in Mohave County, Arizona. Drilling began on April 15, with 22 drill holes permitted. The initial program aims to confirm high-grade mineralization from historic drilling, extending to depths of approximately 350 meters. CEO Jason Bahnsen highlighted historic drilling intersections of gold grades up to 40 grams per tonne. A total of 1,350 meters of drilling is planned for the Tin Cup Prospect, targeting areas previously mined.
Northern Lights Resources Corp. has closed the first tranche of funding totaling US$890,000 (C$1,079,463) as part of a broader US$2,000,000 financing agreement with Precious Metals Capital Group, LLC.
The Company issued a Convertible Security for a principal amount of US$890,000 with a purchase price of US$800,000, alongside 3,122,743 shares, 1,800,000 conversion shares, and 2,800,000 warrants.
Additionally, 3,420,000 common share purchase warrants have had their expiry date extended to July 4, 2024.
Northern Lights Resources Corp. has entered a financing agreement with Precious Metals Capital Group to raise up to US$2 million (approx. C$2.43 million) through unsecured zero-coupon convertible securities. This funding will support exploration at the Secret Pass Gold Project in Arizona and the Medicine Springs silver project in Nevada. The Investor will purchase an initial US$890,000 Convertible Security at US$800,000, convertible at C$0.06 per share. Proceeds will also be utilized for general working capital.
Northern Lights Resources Corp. (CSE:NLR, OTCQB:NLRCF) has intersected visible gold in its first drill hole at the Fiery Squid prospect, part of the Secret Pass Gold Project in Arizona. The drilling began on April 15 and concluded on April 23 at a depth of 100.3 meters. At 56.2 meters, the core revealed a joint with visible gold grains hosted in magnesium oxide. The company continues drilling, with plans for a second hole at a depth of 150 meters. Samples are being sent for analysis to Skyline Laboratories in Tucson.
Northern Lights Resources Corp. announces the intersection of visible gold in the first drill hole at the Fiery Squid prospect, part of the Secret Pass Gold Project in Arizona. Drilling began on April 15 and concluded on April 23, reaching a depth of 100.3 metres. Notably, at 56.2 metres, visible gold was observed within a joint in the core. Samples are being sent for analysis, and drilling continues with a second hole planned. Gary Artmont approved the technical data, ensuring accuracy under NI 43-101 standards.
Northern Lights Resources Corp. announced the commencement of drilling at its Secret Pass Project located in Mohave County, Arizona. The diamond core drilling, mobilized on April 13, 2021, targets unexplored prospects at Fiery Squid and The Tentacles, as well as the historic Tin Cup mine area. This is part of the Phase 1 drill program, initially revealed on March 31, 2020. The technical data has been reviewed by qualified personnel to ensure its accuracy.
Northern Lights Resources Corp. has announced promising results from its stream sampling program at the Secret Pass Gold Project in Arizona. The program involved 196 stream sediment and 196 panned concentrate samples, revealing 35 samples with gold grades exceeding 0.2 g/t, including a standout 30.6 g/t. The company is now preparing to commence drilling at key prospects including Fiery Squid and Tentacles. The results indicate significant gold potential, with the samples correlating well with geological features such as the Frisco Mine Fault.
Northern Lights Resources Corp. (CSE:NLR)(OTCQB:NLRCF) has received approval from the US Bureau of Land Management to commence drilling at the Secret Pass Gold Project in Arizona. A total of 15 drill holes for 2,300 metres are approved across 12 target areas within the 656-hectare claims. Additionally, a request for drilling 5 holes at the Tin Cup prospect is pending. The initial phase will focus on the Fiery Squid and Tentacles prospects, where historic samples indicated potential gold grades up to 40.4 g/t. The BLM permits are valid for 2 years and can be renewed for another 2 years.