Vancouver, BC / TheNewswire / February 14, 2018 – Northern Lights Resources Corp. (the "Company") is pleased to announce that a technical report (the "Report") prepared for the Medicine Springs Zinc – Lead – Silver Project ("Medicine Springs" or the "Project") in accordance with Canadian Securities Administrators’ National Instrument 43-101 has been approved by the Canadian Securities Exchange ("CSE") and filed on SEDAR. The Report may be found under the Company’s profile at www.sedar.com.
The independent report, dated January 15, 2018, entitled Geological Report and Summary of Field Examination, Medicine Springs Property, Elko County, Nevada was authored by Robert A. Lunceford, CPG, MSc. and provides an overview of past exploration activities, geology and comparative geological models for the Project.
The Report concludes that "the Medicine Springs Property is an advanced exploration project with extensive drilling and many significant silver-zinc-lead intercepts. The zone of mineralization is oxidized to depths in excess of 190 meters and is open to expansion along strike in favorable horizons and laterally in silicified reactive Permian limy siltstones. The system is well-developed at deep as it has been drilled and older favorable rock types have potential for similar mineralized material, possibly in sulfide form as deep as the Company chooses to explore. This is a consistent pattern in replacement deposits observed in the Great Basin, Arizona and in the Central Interior as well as the famous Cerro de Pasco district in Peru."
Northern Lights Chief Executive Officer, Mr. Jason Bahnsen, commented "The CSE approval and filing of the NI43-101 report on the Medicine Springs Project is a key step in the listing of the Company. The Company now awaits its conditional listing approval notice before raising equity funding for exploration on the Medicine Springs property to begin."
About Northern Lights Resources Corp.
The Company has two core exploration / development projects:
1. Medicine Springs Project – Northern has entered into an agreement to acquire 100% equity interest in the Medicine Springs Project, a prospective zinc-lead-silver property in southeastern Elko County, Nevada. The Medicine Springs property consists of 149 unpatented mineral claims (1,206 hectares) and is an advanced exploration project with extensive drilling and many significant silver-zinc-lead intercepts; and
2. Del Undur Project – Northern has entered into an agreement to acquire 100% equity interest in Del Undur polymetallic and titanium exploration project located in in north-eastern Mongolia.
This and other Northern Lights Resources news releases can be viewed at www.sedar.com.
Robert A. Lunceford, CPG, MSc., in accordance with NI 43-101, is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly. Mr. Lunceford is an independent consultant contracted by the Company.
For further information please contact:
Albert Timcke, Executive Chairman and President
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Tel: +1 604 608 6163
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 proposed transaction; the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed new business; and the relisting of the Company’s shares on the CSE. 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.
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