Tin Cup Drill Holes Intercept Wide Zones Of Near Surface Gold Mineralization
Tin Cup Drill Holes Intercept Wide Zones
of Near Surface Gold Mineralization
Vancouver, British Columbia. February 22, 2021, Northern Lights Resources Corp.
(“Northern Lights” or the “Company”) (CSE: NLR, OTC: 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*:
o 1.61g/t gold over 66.15m from 64.00m, including
o 10.07g/t gold over 7.41m from 117.04m and
o 22.00g/t gold over 2.07m from 122.38m and
o 29.90g/t gold over 0.65m from 123.30m
• TC21-03 Intersections*:
o 0.80g/t gold over 170.57m from 59.55m, including
o 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 metre s 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 te sted 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
{01113842;1}
2
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 i ntercepted 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
{01113842;1}
3
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 grade mineralization (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 mineralizatio n plunges to the
northwest at 50 degrees. Surface oxidation is variable extending to a maximum depth of
up to 120 metres based on historical drilling.
Tin Cup is located in the Frisco-Catherine Gold district of Northwest Arizona ,
approximately 8 kilomet res Northeast of the Moss Mine operated by E levation Gold
{01113842;1}
4
(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 refe rence to the E levation 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 supervis ion 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 an d 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: [email protected]
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: [email protected]
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: [email protected]
Tel: +1 604 773 0242
{01113842;1}
5
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 Ne vada 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 cons idered 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 n o 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 Comp any 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.