Northern Lights - Drilling Underway At Medicine Springs
Northern Lights – Drilling Underway At Medicine Springs
Vancouver, British Columbia. October 4, 2022, Northern Lights Resources Corp. (“Northern Lights” or
the “Company”) (CSE: NLR, OTC: NLRCF) is pleased to announce that drilling is underway at the Company’s
Medicine Springs Silver Project (“Medicine Springs”), located in Elko County, Nevada.
The first drill hole of the proposed 4,000m program is underway. Drill Hole MS-22-01 is being drilled at Golden
Pipe, azimuth 055 degrees with a target depth of approximately 1,000 metres (See Figure 1).
This first drill hole is targeting structures below the mineralized jasperoids identified in the surface sampling
program in 2021. The key objectives of the drill hole MS-22-01 is to determine the thickness of the carbonate
sequence, the depth of oxidation and confirmation of the geophysical anomalies identified by Northern Lights
exploration work in 2019.
The drilling campaign at Medicine Springs is being completed by Reyna Silver (TSX.V RSLV) as operator
under the terms of the Medicine Springs Option/Joint Venture Agreement. Reyna Silver can earn up to 80%
of the Medicine Springs project by making certain exploration expenditures and cash payment s. Northern
Lights has a free carried interest until Reyna Silver has expended a minimum of US$4.0 million dollars on
exploration at Medicine Springs. See the NLR announcement dated October 5, 2020 for full details of the
Option/Joint Venture Agreement between NLR and Reyna Silver.
Northern Lights CEO, Jason Bahnsen commented “We are excited to have the first drill hole at Medicine
Springs underway. This +1,000 metres hole will instrumental to confirming the potential for a large-
scale Carbonate Replacement Deposit at Medicine Springs.”
Figure 1 – Medicine Springs Project Showing Geochemical Soil Anomaly and Proposed Drilling Areas
{01113842;1}
2
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: [email protected]
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: [email protected]
Tel: +1 604 608 6163
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 Proje ct 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 legislat ion. 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 su ch 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 infor Addmation, future events or otherwise, except
as required by law.