Northern Empire Resources Corp. (TSXV: NM) (the ‘Company’ or ‘Northern Empire’) today announced results from seven holes drilled at the Sterling Gold Mine, located at Northern Empire’s 116 square kilometre Sterling Gold Property in Nye County Nevada.
Michael G. Allen, President, CEO and Director stated: ‘These results highlighted the shallow, high-grade oxide resources of the Sterling Mine. Several holes from this recent program hit significant mineralization at the edges of the resource model, indicating the deposit remains open for expansion. We consider the results to date excellent, and they will inform our follow up exploration in 2018.’
|Hole#||From (m)||To (m)||Interval (m)||g/t Au*|
|STR17-009C||No significant assay|
|STR17-040||Hole Deviated from Intended Target|
* Scroll to the right to see the table data.
Hole numbers ending in ‘C’ are core
True thickness estimated to be between 85% and 95% of reported
* Cyanide Soluble grade reported
The objective of initial drilling at the Sterling Property was resource confirmation and testing areas not previously exploited by underground mining. Additional assays are pending at the past producing Sterling Gold Mine (referred to as the ‘Sterling Pit’ in the resource estimate).
Sterling Property Highlights
- High Grade Gold in Nevada. Total inferred resources on the Sterling Property were estimated at 709,000 oz Au with an average grade of 2.23 g/t Au.
|Sterling Property Inferred Resource Summary Effective March 29, 2017|
|Deposit||Cutoff (g/t Au)||Tonnes||g/t Au||In Place Au Oz|
|Sterling Pit Constrained*||1.0||1,958,000||3.67||231,000|
|Sterling Non-Pit Constrained*||1.7||350,000||3.38||38,000|
|Daisy Pit Constrained||1.0||2,556,000||2.12||174,000|
|Secret Pass Pit Constrained||1.0||3,534,000||1.65||188,000|
|SNA Pit Constrained||1.0||1,510,000||1.61||78,000|
* Resource calculated based on CN soluble assays.
- CIM definitions are followed for classification of Mineral Resource.
- Mineral Resource surface pit extent has been estimated using a gold price of US$1,200 per ounce and a US$2.10 per ton mining cost with gold recovery ranging from 80 – 88% depending upon rock type.
- Sterling non-pit constrained resources below the surface pit and targeted for underground mining are based on a gold price of US$1,200 per ounce and mining costs of $US45 per ton. Other modifying factors remain unchanged.
- Gold recovery estimated to range from 80 – 88% depending upon rock type.
- The Mineral Resource estimate has been prepared by Derek Loveday, P. Geo. of Norwest Corporation in conformity with CIM ‘Estimation of Mineral Resource and Mineral Reserves Best Practices’ guidelines and are reported in accordance with the Canadian Securities Administrators NI43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
- District Scale Exploration in the Walker Lane Trend. 116km land package features five past producing open pit gold mines, and two underground gold mines open for expansion.
- Permitted to begin operations at Sterling Gold Mine. The Bureau of Land Management has issued a Finding of No Significant Impact (‘FONSI’) and approved the next phase of mining at the Sterling Mine. This permit was issued on May 12, 2016, is transferable, and has an indefinite term.
- Location. The Sterling Property is located approximately 185km NW of Las Vegas on the eastern flank of the Bare Mountains, within the Walker Lane Trend.
For further information on the Sterling Property please visit the Company’s website, or refer to the technical report on the Sterling Property filed on June 18, 2017.