Medicine Springs Project - Identification of Target Zones
February 04 2019 - 9:48AM
InvestorsHub NewsWire
Medicine Springs Project – Identification of Target
Zones
CSE Symbol:
NLR
Vancouver, BC
-- February 4, 2019 --
InvestorsHub NewsWire --
Northern Lights Resources Corp. (the “Company” or “Northern
Lights”) is pleased to announce that geophysical and geological
mapping and sampling work completed by the Company during the 2018
field season has identified six mineralization target zones at its
Medicine Springs silver-zinc-lead project located in Elko County,
Nevada.
Work completed on the Medicine Springs Project during
the 2018 field season included:
-
CSAMT/IP
Reinterpretation
In
1997-1998, Cominco American Inc. carried out Controlled Source
Audio-frequency Magnetotellurics (CSAMT) and Induced Polarization
(IP) geophysical surveys over the Medicine Springs Property.
Cominco completed nine lines of CSAMT and a single line of
IP.
Northern Lights engaged Zonge to complete a 2D inversion of the
Cominco geophysical
data.
-
Aeromagnetic
Survey
In
August 2018, Northern Lights engaged MWH Geosurveys to acquire
aeromagetic data over the entire license area. The data was
acquired using a quad-copter drone and a towed cesium vapour
magnetometer. Line spacing was 50m and the flying height was
nominally 30m. The magnetometer sampled at 10Hz resulting in a
nominal along ground sample interval of 0.7m. A total of 810 line
km of aeromagnetic data was
acquired.
-
Geological Mapping and
Sampling
In
October 2018, Northern Lights engaged independent geologist William
J. Tafuri PhD to complete detailed surface mapping and rock
sampling of the Medicine Springs mineral license area. The mapping
work was completed in November 2018 on a 1:5000 metric
scale.
-
Ionic Leach Geochemical Soil
Survey
In
November 2018, Northern Lights completed a soil sampling program
over the entire Medicine Springs license area on 100 meter centres.
A total of 794 samples have been taken and will be assayed by ALS
in Vancouver using a 62-element Ionic Leaching analytical method.
Assay results are
pending.
Results:
Geophysics
The results of both the CSAMT/IP and Aeromagnetic
surveys were reviewed and interpreted by GeoExplore Pty Ltd, an
Australian based geophysical consulting
firm.
The geophysical survey results have identified six
key targets with potential for mineralization based on structure
and proximity to interpreted intrusive dykes. Some of these targets
lie at an approximate depth range of several hundred meters from
surface. The geophysical targets comprise 2 types, flat lying
carbonate replacement targets and sub-vertical target associated
with intrusive dykes.
The identified target zones
include:
- M-1 is the SSW extension of the
Golden Pipe trend in an area that lacks
drilling.
- M-2 lies immediately east of the
Golden Pipe trend and from a structural perspective have many
analogues with Golden Pipe. The southern half of M-2 is coincident
with a strong Pb-Zn soil anomaly identified by USMX in the
1980s.
- M-3 follows a fault which has an
ENE-WSW orientation, and which has already attracted several
historical very shallow drill holes.
- M-4 is a parallel structure which
does not appear to have attracted past
attention.
- M-5 is the structure identified in
the CSAMT which crosses a line between the Golden Pipe trend and
drill hole JS-105.
- M-6 covers a structure parallel to
the Golden Pipe trend which is associated with magnetic zones,
interpreted as intrusive dykes.
The identified geophysical targets, historical drill
holes locations and interpreted intrusive dykes are illustrated on
Figure 1.
Figure 1: 3D model showing magnetic
interpreted structures, drill hole collars (orange), CSAMT lines
(dotted green line) and interpreted intrusive dykes (dashed black
line) overlain on an isosurfaces of 0.00075
SI.
Geological Mapping and
Sampling
The geological mapping program included the review of
the surface geology and the collection of 45 grab samples. The
mapping has defined an area of veining and alteration over a strike
distance of approximately 2.4 km with a width up to 0.8
km.
The surface sample assays exhibit a unique
geochemical signature that includes Pb, Zn, Ag, Ba, As, Sb and Mn.
Additionally the presence of reactive Permian carbonates cut by
altered Teritary dykes supports a distal carbonate sulphide
replacement model similar to the Taylor Pb-Zn-Ag deposit owned by
South 32 following the acquisition of all the issued equity in
Arizona Mining Inc. in 2018. The top of the Taylor sulphide deposit
occurs at a vertical depth of 300 meters with the majority of the
tonnage found below a depth of 500 meters.
Listed geological and geochemical similarities
between Taylor and the Medicine Springs Property including the
following features:
- Extremely
deep oxidation more than 180 meters. At Taylor the oxidation is
primarily due to the weathering process of a high sulfide system
while at Medicine Springs, the presence of sulphides has not been
encountered yet due to the very shallow nature of the
drilling.
- At
Taylor, the oxide/sulfide mineralization is selectively hosted by
three lower Permian carbonate formations while at Medicine Springs,
the lower Permian carbonates units have yet to be
explored.
- At both
properties, an early stage of stratiform replacement mineralization
is cut by a later stage of high grade veins and
breccias.
- The
mineralized footprint at Taylor is of similar size as the surface
alteration, geochemical and geophysical footprint at Medicine
Springs.
- Geochemical signature and alteration of the
mineralization are similar.
Geochemical Soil
Survey
Assay results from the ionic leach
geochemical soil survey are pending. Once received the soil
sampling results will be compiled with the detailed surface mapping
and outcrop sampling, geophysics, historic exploration drilling to
further define exploration targets for both the oxide and carbonate
replacement target
zones.
Northern Lights CEO, Jason Bahnsen commented
“The results of the geophysical surveys and geological mapping
provide further support for the potential of the Medicine Springs
Project to host a significant mineral system. There are six key
target zones identified in addition to the deep zone of partially
oxidized mineralization extending from surface to a minimum of 180
metres depth.”
There are two key exploration targets for the
Medicine Springs Project:
- Further
definition of the large zone of oxide mineralization identified by
previous drilling campaigns (depth to minimum of 180 meters);
and
- The
discovery of an economic carbonate replacement sulphide deposit at
depth below the oxide zone.
Note: The geologic
comparison of the Medicine Springs Property to the Taylor deposit
is preliminary and entirely speculative and can only be tested by
extensive phased exploration studies.
(For further information
see
“Geological Report and
Summary of Field Examination, Medicine Springs Property, Elko
County, Nevada dated January 15, 2018”, filed on SEDAR for more
information.)
About Northern Lights Resources
Corp.
Northern Lights Resources Corp is a growth oriented exploration
and development company and is earning a 100% interest in the
Medicine Springs Project, a prospective zinc-lead-silver property
located in southeastern Elko County, Nevada. The Medicine Springs
property consists of 149 unpatented mineral claims (1,189 hectares)
and is an advanced exploration project with extensive drilling and
many significant silver-zinc-lead
intercepts.
The geological information in this news release has been
reviewed by Mr. Gary Artmont, Head of Geology for Northern Lights
and is a Qualified Person under the guidelines of National
Instrument 43-101.
Northern Lights Resources trades under the ticker of “NLR” on
the CSE. This and other Northern Lights Resources news releases can
be viewed at www.sedar.com and
www.northernlightsresources.com.
For further information, please
contact:
Albert Timcke,
Executive Chairman and
President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608
6163
Or
Jason Bahnsen,
Chief Executive Officer
Email: Jason@northernlightsresources.com
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 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 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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