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Northern Empire Resources Corp.
Summary
| Project: | Sterling | |
|---|---|---|
| Deposit: | Sterling | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2017: Northern Empire Resources Corp. announces a Resource Estimation report for its Sterling deposit at the Sterling project. Amended NI43-101 Resource Estimate for Sterling project. On February 14, 2017, Northern Empire Resources Corp. (“Northern | |
| Resources: | (Resource, Inf.): 9.558Mt @ 2.18g/t Au for 671koz Au contained at Sterling Surface | |
| CP/QP: | [Resources]: Derek Loveday, Sean Ennis (Norwest Corporation) | |
| ABSTRACT: | On February 14, 2017, Northern Empire Resources Corp. (“Northern Empire”) contracted Norwest Corporation (“Norwest”) to complete a resource estimate on the Sterling Property, which included the deposits in the Sterling area, as well as the Daisy, Secret Pass, and Sunday Night Anomaly (SNA) deposits. This resource estimate is included in this Technical Report, which has been prepared in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects. On February 15, 2017, Northern Empire announced that it had entered into a Letter of Intent to acquire a 100% interest in the Sterling Property from Sterling Gold Mining Corporation (“SGMC”), a wholly owned subsidiary of Imperial Metals Corporation (“Imperial”), for a price of US$10,000,000. On April 3, 2017, Northern Empire announced that that Letter of Intent been modified such that there was now an irrevocable exclusivity period and the purchase price had been increased by US$100,000. Norwest personnel included Derek Loveday, Sean Ennis, and Allan Turner, all of which are Qualified Persons on this project and inspected the deposits in the Sterling area on February 21, 2017. Derek Loveday and Allan Turner completed inspections of the deposits in the North Block on February 22, 2017. The Effective Date of this Technical Report in March 29, 2017. Information and data provided by Northern Empire were used as the basis for estimating gold resources within the Sterling Property. Norwest did not conduct field work, other than a site visit, and did not independently drill, complete geophysical logs on drill holes, or collect and analyze samples. The provided technical data has been validated for errata prior to modeling. Northern Empire provided Norwest with exploration sample data, geologic models, internal technical reports, underground survey data and surface topography data. | |
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