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Northern Lights Resources Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 1000 – 355 Burrard Street
Vancouver, B.C.
Canada V6C 2G8
Tel No.: 1-604-608-6167
Fax No.: 1-604-608-6163
Web Site: www.northernlightsresources.com
E-mail: rtimcke@northernlightsresources.com
Contact Person: Albert (Rick) Timcke
Position: President


Company Data

Traded Market: Canadian Securities Exchange “CSE”
Traded Symbol: NLR
Outstanding Shares: 45,162,232
Public Float: 33,556,832
52 Week High: $ 0.15
52 Week Low: $ 0.035
Present Price: Click Here


Introduction

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Northern Lights Resources Corp. is a growth-oriented exploration and development company and is earning a 100% interest in the Medicine Springs Project located in southeastern Elko County, Nevada.

Medicine Springs is an advanced high grade silver-zinc-lead project with strong potential to host a carbonate replacement deposit and a large open pitiable oxide deposit.


Key Project

Medicine Springs Silver-Zinc-Lead Project, Nevada, USA

  • The Medicine Springs Project is located in the Ruby Mountain valley south east of Elko, Nevada comprising 149 unpatented Federal mineral claims covering 1,189 hectares.
  • Medicine Springs is an advanced exploration project with extensive drilling and many significant silver-zinc-lead intercepts.
  • Property has excellent logistics and can be accessed via paved and gravel roads from Elko, a 90 minute drive.
  • Historical producer (160 tonnes Pb, 800 kg of Zn and 500 kg of Ag) from numerous surface and underground mine workings between 1910 and 1956.
  • Northern Lights is targeting the identification high grade carbonate replacement sulphide deposit at depth and delineation of a large scale open pitable oxide zinc-lead-silver resource.
  • Exploration on the Project is underway with detailed mapping, geophysics, and geochemical soil sampling programs being completed between Sept – Nov 2018.
  • A comprehensive drill program to delineate both oxide and sulphide mineral resources to commence 2019.
  • On February 4, 2019, Northern Lights announced that it has identified six mineralization target zones, labeled M-1 to M-6, at its Medicine Springs silver-zinc-lead project, through geophysical and geological mapping and sampling work completed during the 2018 field season.
  • Northern Lights has filed a NI 43-101 Technical Report on the Medicine Springs project on SEDAR.
  • Northern Lights holds an option to acquire a 100% interest in the Medicine Springs silver-lead-zinc project by spending a total of US$2.7 million on project expenditures and payments to vendors totaling US$950,000 in cash and US$250,000 in equity over a 6 year term.

2018 / 2019 Exploration Program

  • A substantial amount of the planned work program can be undertaken over the winter months.
  • Field work including trenching and drilling is scheduled for 2019.

Investment Highlights

  • Newly listed and trading on the Canadian Stock Exchange “CSE” on October 31, 2018, trading symbol “NLR”
  • Growth oriented Company focusing on exploring and developing high quality resource projects globally. The Company has a strong pipeline of growth prospects
  • Clean Capital Structure with no debt, circa 45.2 million shares outstanding, recently closed first tranche of financing raising $1.1 million
  • Earning 100% equity in a highly prospective advanced exploration project in good location – potential for large scale deposits:
    • Medicine Springs Project in Nevada – high grade zinc and lead project with potential for both large surface oxide and high grade sulphide mineralization in carbon replacement setting
  • Focus on projects in stable, well developed mining jurisdictions such as Nevada, USA.
  • Strong, experienced management team and board
  • Well positioned to capitalize on growing demand for zinc and other base metals


Management

Management and Directors

Albert (Rick) Timcke, Executive Chairman and President

Vancouver-based entrepreneur and financier who has been involved in public equity market roles for more than 26 years

Jason Bahnsen, Chief Executive Officer and Director

Mining Engineer with more than 30 years of mine development and capital markets experience. International experience throughout Asia, North America, Africa and Australia. Ex Rio Tinto / Deutsche Bank

Gary Artmont, Head of Geology

Senior exploration geologist with more than 40 years of international experience in regions including Canada, USA, Mexico, South America, Indonesia, Africa, Russia, China and Mongolia. Previous Chief Exploration Geologist for Freeport McMoran Indonesia, also ex Rio Tinto / Kennecott / Norilsk / Ivanhoe

Graham Keevil, Non Executive Director

CEO of Tajiri Resources Corp.

Richard A. Kelertas, Independent Director

For 25 years, he has been a top ranked Equity Analyst and worked for various national and international firms.

Gordon Tainton, Independent Director

President of CROPS Inc.

Technical Advisors

Dr. Fouad Kamaleddine

Professor of Metallurgy

Antonio (Mel) de Quadros

Geology Consultant


News Update

On February 26, 2019, Northern Lights Resources Corp. announced that its website is now on-line. The website contains detailed information on the Company and its key project, the Medicine Springs silver-zinc-lead project that it is advancing to drilling in 2019.

On February 4, 2019, Northern Lights Resources Corp. announced that it has identified six mineralization target zones, labeled M-1 to M-6, at its Medicine Springs silver-zinc-lead project located in Elko county, Nevada, through geophysical and geological mapping and sampling work completed during the 2018 field season.

On January 31, 2019, Northern Lights Resources Corp. announced that it has terminated the earn-in agreement to acquire the Del Undur titanium and polymetallic project in Dornod, Mongolia. In June, 2017, Northern Lights entered into an earn-in agreement with a Mongolian-based company, EMIC LLC, to acquire a 100-per-cent interest in the Del Undur project.

Following the completion of a strategic review, Northern Lights has elected to withdraw from the Del Undur agreement and focus on the development of the Medicine Springs silver-zinc-lead project located in Nevada, where exploration work completed to date continues to show strong potential for the project to host an open-pittable oxide deposit and potential to host a carbonate replacement deposit at depth.

On January 7, 2019, Northern Lights Resources Corp. announced that it has completed geophysical survey work on its Medicine Springs silver-zinc-lead project located in Elko county, Nevada.

On November 6, 2018, Northern Lights Resources Corp. announced an update and the exploration plan for the Company’s Medicine Springs silver-zinc-lead project located in Elko County, Nevada.

Northern Lights has completed an extensive geological field work campaign during 2018 including:

  • Completion of NI43-101 technical report;
  • Creation of GIS database to include all historic exploration;
  • Detailed geological mapping and surface sampling;
  • Aeromagnetic survey over entire license area;
  • 2D reinterpretation of historic CSAMT geophysical survey; and
  • Geochemical soil survey over entire license area utilizing for Ionic leach analysis

Medicine Springs – Phase 2 Exploration Program

The results of the Phase 1 Exploration Program will be to enhance the understanding of the mineralization system at Medicine Springs and to be used as guidance for a comprehensive drill program in 2019. The goals of the Phase 2 Exploration Program include further delineation of the oxide mineralization zone and the identification of sulphide carbonate replacement style mineralization at depth below the oxide zone.

It is estimated that a 5,000 to 8,000 meter drill program will test the two target types. The program will comprise 26-30 vertical drill holes ranging from 150 to 500 meters in depth and covering a strike length of approximately 2,000 meters.


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