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Northern Lights Resources Acquires the Horetzky Copper Project Located in the Babine Porphyry Copper Belt
Vancouver, British Columbia – TheNewswire - October 24, 2024 - Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE: NLR, OTC: NLRCF) is pl
About this update from Northern Lights Resources Corp
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - October 24, 2024 - Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE: NLR, OTC: NLRCF) is pleased to announce it has entered into an option agreement with veteran prospector Bernie Kreft (“Kreft”) to acquire a 100% interest in the Horetzky Copper Project (“Horetzky” or the “Project”), located in the Babine porphyry copper belt (the “Transaction”). Highlights Located in the Babine porphyry copper belt which hosts the past producing Bell and Granisle copper-gold mines and several promising advanced stage copper-gold exploration targets including American Eagle’s Nak project, Amarc Resources’ Duke and Hearne Hill projects and the Morrison deposit of Pacific Booker Minerals. (see fig.1) Geological similarities to other Babine porphyry copper belt targets include the presence of an Eocene-aged Babine plutonic suite intrusive and coeval dykes which have caused widespread hornfels and alteration within surrounding volcanics and sediments. Mineralization noted includes: chalcopyrite, molybdenite, bornite and chalcocite. The Project is host to an approximate 3.0 km copper soil geochemical anomaly, with numerous samples having returned greater than 1,000 ppm copper, that is open for expansion to the southeast and to the southwest where it is associated with a strong positive magnetic anomaly. (see fig.2) Although drilling by Hecla Mines in 1973 returned only moderately anomalous values of up to 4,370 ppm copper over 3 feet and 1,345 ppm copper over 35 feet, all holes encountered copper mineralization with the widespread phyllic and propylitic alteration noted within holes suggesting they were collared outside the grade shell of a typical porphyry system. Although gold was not assayed for by the majority of historical programs, later work has partially identified an area of increased gold in soil anomalism with values ranging from 25 ppb to 440 ppb gold. The Project is located approximately 95 kilometres northeast of the regional centre of Smithers. It consists of 10 tenures totalling 4,309 hectares and is partially road accessible with several active logging cuts located close to the copper soil geochemical anomaly. Northern Lights, CEO, Jason Bahnsen commented “We were excited when the Horetzky opportunity presented itself, and after ...