Horetzky Copper Project

The Babine porphyry copper belt hosts two past producing copper mines, as well as several new projects under exploration and development including the NAK project being developed by American Eagle Gold and was staked by the prospector Bernie Kreft.

NAK Project - The NAK Project was acquired by American Eagle Gold (TSX.V: AE) in December 2021 following the identification and staking of the project mineral claims by veteran prospector Bernie Kreft. Kreft had followed up on the historic work that had been done on the property in the 1960’s and recognized the potential for the project to host a significant copper and gold mineralization. Bernie Kreft is the prospector and vendor of the Horetzky Project to Northern Lights.

Drilling on the NAK project by American Eagle has intercepted significant intervals of high-grade copper-gold mineralization that lie beyond the extent of historical drilling. Drilling on the NAK project is being funded by a strategic investment by Teck Resources.

Burn Project – early-stage exploration project owned by Commander Resources (TSX.V:CMD) with Itochu Corporation and Freeport -McMoRan earning a 75% interest. Adjacent to the Horetzky Project. Eocene age (Babine) biotite-feldspar- quartz intrusions. A four-hole drilling test program in 2022 intersected wide zones of copper and gold mineralization (See Commander Resources announcement dated 6 March 2023 for full details)

Morrison-Hearne Project – advanced project owned by Pacific Booker Minerals (TSX.V: BKM) is currently under review with a measured/indicated resource estimated for the Morrison deposit (Simpson, 2007) is 206.9 million tonnes grading 0.39% copper, 0.20 g/t gold and 20.7 lbs molybdenum.

Duke Project – Amarc Resources (TSX.V: AHR) discovered a significant body of porphyry copper, molybdenum and silver mineralisation at Duke. Drilling completed by Amarc at Duke intersected porphyry copper style mineralization to depths of 360 metres. Additional drilling is planned to define updated resource.

Bell Mine – Currently owned by Glencore, Bell was a producing open pit mine from 1972 to 1992. Initial ore reserves at Bell were 116 million tonnes averaging 0.48 percent copper. Total recovered metals were 303,277 tonnes copper, 12,794 kilograms gold and 27,813 kilograms silver (Dirom et al., 1996)

Granisle Mine – Currently owned by Glencore, Granisle was a producing open pit mine from 1966 to 1982. The mine produced 214,300 tonnes of copper, 6,833 kilograms gold and 69,753 kilograms of silver.

Conclusion

With a well-documented history of exploration, a favorable geological setting, a well-defined, expanding anomaly, historical drill-confirmed copper mineralization, and strong geophysical indicators of a robust porphyry system the Horetzky Project represents a compelling investment opportunity. The Horetzky Copper project aligns with Northern Lights Resources’ commitment to unlocking high-value copper and gold assets.

Babine Porphyry Copper Belt Projects