Cash on hand to complete maiden drill program at Secret Pass
- Successfully closed a Non-brokered private placement of $2.1 million in Sept 2020
- Debt free with over $1.5 million of cash to progress exploration at Secret Pass
- Potential warrant funding - $5 million
Upcoming drilling at high-grade Secret Pass Gold Project in Arizona
- Secret Pass – High Grade epithermal system with significant upside potential
- Drilling planned at Secret Pass Q4, 2020
Option/JV with Reyna Silver – “fast tracks” exploration at Medicine Springs Project in Nevada
- At Medicine Springs - potential for high-grade silver and large scale CRD potential.
- JV (80% Reyna / 20% NLR) announced on Medicine Springs with Reyna Silver on Oct 5, 2020
- Reyna team includes Dr Peter Megaw – foremost world expert on CRD deposits
- Northern Lights free carry on Medicine Springs funds $4m of exploration with no cost to NLR
Compelling Investment Proposal
- Strong, experienced management and in-house geology teams.
- Sufficient cash and funding to complete initial exploration programs.
- High grade gold exploration exposure at Secret Pass plus large scale CRD potential at Medicine Springs
- Both projects are situated in mining-friendly jurisdictions in the US (no restriction to exploration activities with
- due to Covid 19 pandemic).
- Upcoming drill results from both Secret Pass and Medicine Springs
- Current sub $10 million market capitalisation, ~10 cent share price