CSE New Listing - Northern Lights Resources Commences Trading on the Canadian Securities Exchange - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - Northern Lights Resources (CSE: NLR) is one of the latest listings on the Canadian Securities Exchange. The company is a growth oriented company focusing on exploring and developing high quality resources projects globally.
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The company began acquiring mineral projects in June 2017 with the agreement to acquire a 100% interest in the Del Undur titanium polymetallic project in Mongolia. This was followed in August 2017 by the agreement to acquire a 100% interest in the Medicine Springs silver/zinc/lead project in Nevada.
The Del Undur project, located in northeastern Mongolia within 120 kilometers of both the Russia and China borders, consists of a 20,000 hectare mineral lease with access to power, rail and road infrastructure. The deposit is open in all directions and continuous mineralization was encountered from surface to a maximum vertical depth of 285 metres in the deepest hole. Management believes the project, with significant polymetallic and titanium mineralization, has excellent potential to host a large tonnage, low grade titanium iron deposit that is open pitable with a low strip ratio.
The Medicine Springs project, located in Elko County Nevada, consists of 149 unpatented mineral claims comprising 1,206 hectares. It is an historical producer of silver and lead and was last subject to exploration drilling in the 1990's with many significant silver-zinc-lead intercepts. For more information on the Medicine Springs project, please refer to the NI 43-101 Technical Report on Sedar.
The company closed a non-brokered private placement, raising gross proceeds of $1.1 million from the placement of 11 million units priced at $0.10 per unit, with each unit consisting of one share and one full warrant with each warrant exercisable at $0.20 for 24 months, subject to an acceleration clause.
For more information, please visit the company's website, www.NorthernLightsResources.com, contact Albert (Rick) Timcke, President, at 604-608-6163 or email rtimcke@NorthernLightsResources.com, or contact Jason Bahnsen, CEO, at 604-608-6163 or email jason@NorthernLightsResources.com.
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