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Northern Lights Completes Initial Compilation of Historic Exploration Data for the Horetzky Project

10.12.2024  |  The Newswire
Vancouver - Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR, OTC: NLRCF) is pleased to announce that it has located and catalogued all of the readily available exploration data pertaining to the Horetzky Project.

The Horetzky Project, located in the Babine Copper Porphyry belt of central British Columbia, has been subject to numerous exploration campaigns since its discovery in 1967. A chronological summary of historic exploration work programs on the Horetzky Project is presented in Table 1.

Northern Light's data research and compilation of historic exploration data identified 27.5 line km of IP work, 521 line km of magnetic and radiometric airborne survey, 1,128 soil samples, and 76 rock samples.

Drilling on the Horetzky Project to date is limited to the eight diamond drill holes completed by Hecla Mining in 1973. Drill logs are available for three of the historic drill holes but the original assay results are not available. According to the 1992 assessment report completed by Rio Algom, "the main copper soil anomalies and IP anomalies have only been partially tested by the 1973 drilling with 3 of the 8 holes testing a large IP anomaly and another 3 testing the copper in soils anomaly with results confirming copper mineralization at depth. A large copper anomaly measuring 1000 x 300 meters located to the south of 1973 drilling remains untested" The report also states that the core is located on the property and in good condition with selective re-assaying returning anomalous copper values in all holes sampled with the highest copper grades found in Hole 3 including 4,370 ppm Cu over 0.91 metres and a separate intersection of 1,345 ppm Cu over 10.67 metres. The presence of chalcopyrite, bornite, chalcocite and molybdenum was noted in the drill logs.

The maps and data from the 1972/1973 Hecla Mining induced polarization and resistivity surveys have been obtained and are in the process of being geo-referenced and digitized.

Northern Lights CEO, Jason Bahnsen commented "The Horetzky Project historical data set provides a large amount of geological information on the Horetzky Project at little cost to the Company. We will reinterpret this data set using modern techniques and methods to identify and refine potential drill targets on the project, providing a "springboard" into what is one of British Columbia's most active copper districts. Work is progressing on the permitting process with meetings being arranged with First Nations within whose traditional territory the Horetzky Project exists, and exploration planning, to support a five-year Multi Year Area Based Permit ("MYAB") for the Project, is underway."

Table 1 - Horetzky Project Historic Data Compilation

Qualified Person 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

Albert Timcke, Executive Chairman and President

Email: rtimcke@northernlightsresources.com

Tel: +1 604 608 6163

Jason Bahnsen, Chief Executive Officer

Email: Jason@northernlightsresources.com

Tel: +1 604 608 6163

About Northern Lights Resources Corp.

Northern Lights Resources Corp is a growth-oriented exploration and development company advancing two key projects: the Horetzky Copper Project, located in the Babine Porphyry belt of central British Columbia and the 100% owned, Secret Pass Gold Project located in Arizona. Northern Lights also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada owned by Reyna Silver Corp.

Northern Lights Resources trades under the ticker of "NLR" on the CSE and on the OTC under the ticker "NLRCF". 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. There is no assurance any further advances of funds from the Investor will be forthcoming. 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.

Copyright (c) 2024 TheNewswire - All rights reserved.


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