Tin Cup Drill Holes Intercept Wide Zones Of Gold Mineralization
VANCOUVER - Northern Lights Resources Corp. reported on the first two drill holes (TC21-02 and TC21-03) completed at the Tin Cup prospect at the Company's 100% owned Secret Pass Gold Project in Mohave County, Arizona. Assays received for TC21-02 and TC21-03 indicate wide zones of near surface gold mineralization are present at Tin Cup. TC21-02 Intersections: 1.61g/t gold over 66.15m from 64.00m, including 10.07g/t gold over 7.41m from 117.04m and 22.00g/t gold over 2.07m from 122.38m and 29.90g/t gold over 0.65m from 123.30m. TC21-03 Intersections: 0.80g/t gold over 170.57m from 59.55m, including 2.32g/t gold over 23.50m from 95.40m.
Northern Lights CEO, Jason Bahnsen, said, "The assays received for the first two diamond drill-holes (TC21-02 and TC21-03) at the Tin Cup prospect encountered wide zones of gold mineralization. The holes were drilled across the Tin Cup structure at dips of -45 degrees and -55 degrees respectively. The top of the gold mineralization occurs at a relatively shallow depth of less than 40 meters below surface. Drill hole TC21-02 intersected 66 meters at 1.61 g/t including a higher grade zone of over 7 meters at 10g/t gold. TC21-03 intersected a wider zone of 170 meters averaging 0.80g/t gold including 2.32g/t gold over 23.50m. The drilling returned consistent gold grades over wide zones at shallow depth in the first two drill holes at Tin Cup. We expect to announce the results for the remaining two drill holes at Tin Cup in the near future."
The Tin Cup prospect is fully permitted for drilling and Northern Lights is expediting an aggressive drill program to delineate further gold mineralization. Northern Lights has completed four diamond core drill-holes at Tin Cup, totaling 610 meters. The Company has permits in place to drill three additional holes at Tin Cup and plans to apply for further drill-hole permits following the analysis of the first four drill holes. The gold mineralization at Tin Cup is open at depth and has not yet been tested below the level of historical Reverse Circulation ("RC") drilling (the average depth of the historic RC drilling is approximately 95 meters). The focus of this initial drill program is to confirm the gold mineralization that was previously identified by reverse circulation drilling in the 1980s and to provide additional geological information on the style of gold mineralization.
All four drill holes intercepted zones of moderate to strong mineralization hosted by strongly altered andesite. Gold primarily occurs as disseminated to fracture-controlled, low temperature mineralization with a moderate to high pyrite/hematite content. The alteration assemblage includes sericite, quartz, chlorite and carbonate. Brecciated and gouge-filled fault zones were encountered in both drill holes and contained disseminated pyrite. Gold mineralization at the Tin Cup is associated with northwest trending structures and splays, predominantly in the andesite and along the margins of the rhyolite dikes.