DGAP-News: Northern Empire Resources Corp. / Key word(s): Miscellaneous Northern Empire Drills 123.93 meters of 1.41 g/t Gold at the Daisy Deposit, Sterling Gold Project, Nye County, Nevada 26.02.2018 / 09:01 The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2018) - Northern Empire Resources Corp. (TSXV: NM) (OTC Pink: PSPGF) (the 'Company' or 'Northern Empire') today reported drill results from the Company's 100% owned Sterling Gold Project located in Nye County Nevada.
Michael G. Allen, President and CEO, stated, 'D18-003C is the first of at least 10 exploratory, resource expansion, and infill holes that we plan to drill into the Daisy Deposit as part of our 15,000-meter program. The exceptional grade of these results is very encouraging. All of the mineralization from 67.88 to 173.22 meters down the hole was oxidized, as was the final 2.87 meters of mineralization. For the high-grade core of the deposit, where we cut 38.25 meters of 3.09 g/t gold, cyanide solubility assays averaged 90% of fire assay, indicating that the Daisy deposit may be amenable to open pit mining with heap leach recovery of gold. Based on the exceptional drill results to-date at the Sterling Project, the Company plans to mobilize additional drill rigs to the Project shortly. Currently rigs are working on the SNA and Secret Pass deposits. In addition, field crews are mapping extensions of the known deposits, as well as new targets within the Project.'
Figure 1. Cross Section To view an enhanced version of Figure 1: Cross Section, please visit: https://orders.newsfilecorp.com/files/5143/33074_northernemp1enhanced.jpg
About the Daisy Deposit
The Daisy Deposit is located in the footwall of the Flourspar Canyon Fault and is the westernmost of the known deposits within the Flourspar Canyon Trend. It is a sediment-hosted gold deposit with a Carlin-type geochemical signature. The Daisy Deposit contains an inferred resource of 174,000 oz of gold at an average grade of 2.12 g/t Au.
Northern Empire owns three deposits with 43-101 resource estimates within the Fluorspar Canyon Trend: Daisy, Secret Pass, and SNA, which are part of the Crown block of claims within the 141 square kilometer Sterling Gold Project, which also includes the permitted Sterling Mine. Northern Empire intends to aggressively explore the Crown block due to the excellent potential for additional discoveries and potential to expand the existing resources.
Sampling and QAQC Procedures
Samples were submitted to ALS Global in Reno, Nevada. Gold grade was determined by Fire Assay with Atomic Absorption, and Gravimetric Finish as well as Cyanide Soluble methods. Most ALS geochemical laboratories are registered or are pending registration to ISO 9001:2008, and several analytical facilities have received ISO 17025 accreditations for specific laboratory procedures. Northern Empire inserts a series of standards, blanks and field duplicates into the sample stream as part of its quality assurance and quality control procedures which are continually monitored by the Company.
Michael G. Allen, P. Geo., President of Northern Empire, and a Qualified Person as defined by NI 43-101, has reviewed the technical information contained in this news release. He is the non-independent qualified person for this news release and has verified the data.
About Northern Empire
Northern Empire Resources (TSXV: NM) (OTC Pink: PSPGF) is a well-financed gold exploration and development company focused on an emerging heap leach gold district in southern Nevada. The 100%-owned, Sterling Gold Project hosts four distinct deposits, including the fully permitted, heap leach Sterling Mine. Northern Empire is led by an experienced team of professionals with an exceptional record of creating value for shareholders (Newmarket Gold, Kaminak Gold, Underworld Resources, and International Royalty Corp). The Company completed a successful drill campaign in 2017 and will aggressively drill known mineralized zones in 2018 to expand resources and explore for new deposits on its 141 km2 land package.
ON BEHALF OF THE BOARD OF NORTHERN EMPIRE RESOURCES CORP.
'Michael G. Allen'
President, CEO and Director
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Certain information set forth in this news release contains 'forward-looking statement', and 'forward-looking information' under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations about the future performance based on current results and expected cash costs and are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as 'will', 'expects', 'anticipates', 'believes', 'projects', 'plans', and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which, may cause the Company's actual performance and financial results in future periods to differ materially from any projects of future performance or results expressed or implied by such forward-looking statement. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological risks, the financial markets generally, the results of the due diligence investigations to be conducted by the Company. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information contact:
Michael G. Allen, President, CEO and Director Tel: +1 (604) 646-4522 OR Dylan Berg, Manager, Investor Relations Tel: +1 (604) 646-4520
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26.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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