- Northern Lights Resources (NLR) has scheduled a start date for drilling on its Medicine Springs Silver Project
- The Vancouver-based resource company now expects to begin drilling at some point in mid-September
- An initial 4,000 metres of diamond core drilling is planned to be completed over the next few months
- The drilling campaign will test the structural framework and mineralization of a potential large-scale carbonate replacement deposit
- Northern Lights Resources is unchanged, trading at $0.025 at 11:18 am ET
Northern Lights Resources (NLR) has scheduled a start date for drilling on its Medicine Springs Silver Project.
The project is located in Elko County, Nevada.
Drill permits have been received, and a drilling contractor has been hired. The Vancouver-based resource company now expects to begin drilling at some point in mid-September.
An initial 4,000 metres of diamond core drilling is planned to be completed over the next few months. Initial drill targets include Golden Pipe, Silver Butte and Silver King.
The drilling campaign will test the structural framework and mineralization of a potential large-scale carbonate replacement deposit.
Carbonate Replacement Deposits are high-grade, sulphide-rich, polymetallic systems that form through repeated reactions between magma-driven hydrothermal fluids and carbonate-dominant wall rocks.
Historic drilling on the property has been extremely limited, with only minimal shallow reverse circulation drilling conducted around Golden Pipe in the 1980s.
“We are pleased to finally have drilling underway at Medicine Springs. The Medicine Project has all the key geological indicators required to host a large-scale CRD deposit. This initial drill program is an important first step in confirming the potential of the project,” said CEO Jason Bahnsen.
Northern Lights Resources is unchanged, trading at $0.025 at 11:18 am ET.
