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Northern Empire Resources Corp.
Summary
| Project: | Sterling | |
|---|---|---|
| Deposit: | Daisy | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2018: Northern Empire Resources Corp. announces an Exploration/Drilling Update report for its Daisy deposit at the Sterling project. Drilling results incl. 33.52m @ 0.34g/t Au from 89.92m. Vancouver, British Columbia--(Newsfile Corp. - May 29, 2018) | |
| Resources: | (Resource, Inf.): 5.4Mt @ 1.34g/t Au for 232Koz at Daisy | |
| CP/QP: | [Overall Report]: Michael G. Allen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - May 29, 2018) - Northern Empire Resources Corp. (TSXV: NM) (OTC Pink: PSPGF) (the "Company" or "Northern Empire") today reported exploration results from drilling at the Daisy deposit. The Daisy deposit is the westernmost of the "Crown deposits" located within the Company's 100%-owned, 141-square-kilometer Sterling Gold Project in Nye County, Nevada. Michael G. Allen, President and CEO stated, "Exploration at the Daisy deposit continues to exceed expectations. Today's results demonstrate increasing potential for economic viability of the resource as it has been extended further south toward surface. In addition to drilling, surface sampling has identified over 2.5 kilometers of additional targets south of Daisy suggesting the possibility of stacked zones of shallow mineralization." Where cyanide soluble data is available, results averaged greater than 95% of fire assays. The data released today indicates the potential for the mineralization at the Daisy deposit to be amenable to open pit mining with heap leach processing. Nevada is home to numerous open-pit heap leach gold mines, and ores from the Daisy deposit were mined and processed this way in the past. The Daisy deposit, classified as Carlin-type mineralization, hosts an inferred resource of 5.4 million tonnes grading 1.34 g/t Au, and using a 0.3 g/t Au cut-off contains 232,000 oz of gold. Mineralization at Daisy West is primarily in the Nopah (Dunderberg shale) formation, and at Daisy South in the Carrara formation. Company geologists have collected surface samples to the north and south of Daisy beyond the limits of drilling, returning grades ranging from less than detection to 13.85 g/t Au, suggesting additional expansion of the resource is possible. About Northern Empire Northern Empire Resources Corp. (TSXV: NM) (OTC Pink: PSPGF) is expanding and discovering heap leach gold deposits in Nevada. The Company presently has initial resource statements on four heap-leachable deposits at the 100%-owned Sterling Gold Project, including the high-grade, fully permitted Sterling Mine. Using a 0.3 g/t Au cut-off the pit constrained inferred resources on the property total 947,000 oz Au at an average grade of 1.26 g/t Au. For further information on the Sterling Project, please refer to the technical report on the Sterling Project dated July 12, 2017, found on the Company's website and SEDAR. The Company is well-financed and is aggressively drilling all four deposits in 2018 to increase resources and explore for new discoveries on the district-scale land package. Founders and management have a track record of increasing shareholder value through discovery, project development and M&A with successes that include Newmarket Gold, Kaminak Gold, Underworld Resources and International Royalty Corp. For more information visit www.northernemp.com. | |
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