16:10:59 EDT Thu 18 Sep 2025
Enter Symbol
or Name
USA
CA



Northern Lights Resources Corp (2)
Symbol NLR
Shares Issued 54,488,704
Close 2025-09-17 C$ 0.08
Market Cap C$ 4,359,096
Recent Sedar Documents

Northern Lights enters option deal to acquire Pup

2025-09-18 12:55 ET - News Release

Mr. Albert Timcke reports

NORTHERN LIGHTS ACQUIRES THE PUP COPPER PROJECT IN THE YUKON

Northern Lights Resources Corp. has entered into an option agreement with veteran prospector Bernie Kreft to acquire a 100-per-cent interest in the Pup copper project, located in the Yukon Territory.

Pup project highlights:

  • The project is located approximately 10 kilometres west of the regional centre of Dawson City. It consists of 64 quartz claims totalling approximately 1,300 hectares and is accessible via a network of rough four-by-four roads leading to placer gold mines located along the south edge of the property.
  • The project is situated within the mineral-rich Yukon Tanana terrane, host to numerous significant Cu-Au (copper-gold) porphyry, VHMS base metal and orogenic gold type targets, deposits or past-producing mines.
  • Pup is host to an approximate 850-metre-long-by-up-to-400-metre-wide copper-in-soil anomaly, possibly open to the southeast, with values of up to 2,962.9 parts per million copper, within which are several areas with anomalous Au up to 138 parts per billion and Ag up to 3.0 ppm.
  • Limited hand trenching within the copper soil anomaly has encountered oxidized, weathered and foliated propylitically altered quartz-biotite-chlorite bedrock mineralized with disseminated, fracture controlled and quartz vein hosted malachite and azurite along with lesser magnetite, hematite and rare pyrite. Grab samples of this material have returned up to 3.799 per cent copper.

Northern Lights chief executive officer Jason Bahnsen commented: "We are excited to add the Pup property to our growing portfolio of copper projects. Excellent access, an intriguing geological setting and a robust copper soil anomaly of significant size and excellent tenor that has yet to be mechanically trenched or drilled were major selling points to us. We also look forward to working with the vendor, Bernie Kreft, who has a strong track record of exploration and discovery, in the further advancement of this project."

Acquisition terms

The company has the right to acquire a 100-per-cent interest in the Pup project by paying $5,000 in cash, issuing 7.5 million shares and completing $1-million in exploration over three years. An additional $125,000 or 1.25 million shares, at the option of Kreft, will be due within 30 days of Northern Lights publicly disclosing an inferred or greater category or categories of a mineral resource, in accordance with the CIM definitions of a minimum of one million ounces of gold or gold equivalent. A further $125,000 or 1.25 million shares, at the option of Kreft, will be due on the earlier of the optionee completing 5,000 metres of drilling or Oct. 15, 2029. The property is subject to a 2.5-per-cent NSR (net smelter return), 40 per cent of which can be purchased for $2-million at any time up to the commencement of commercial production. The agreement is subject to regulatory approval.

Historical data

The sampling and drill results reported in this release are historical in nature. The company has not conducted any independent review of the sampling, nor has it independently analyzed the results of the historical exploration work to verify the results. The company considers these historical drill and sampling results relevant, as it will use this data to guide future exploration programs. The company also considers the data reliable for these purposes, however, the company's future exploration work will include verification of the data through additional sampling and drilling.

Qualified person statement

Information in this report relating to exploration results is based on information reviewed by Lee R. Beasley, a certified professional geologist who is a member of the American Institute of Professional Geologists, and a consultant to Northern Lights Resources. Mr. Beasley has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a qualified person for the purposes of NI 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Beasley consents to the inclusion of the data in the form and context in which it appears.

Corporate options

The company announces the granting of five million incentive stock options, pursuant to its stock option plan, to directors, officers and consultants of the company. Each option is exercisable to purchase one common share of the company at a price of eight cents per share for a term of two years. All options vest upon grant.

About Northern Lights Resources Corp.

Northern Lights Resources is a growth-oriented exploration and development company advancing two key projects: the Horetzky copper project, located in the Babine porphyry belt of central British Columbia and the 100-per-cent-owned, Secret Pass gold project located in Arizona. Northern Lights also holds a 1-per-cent NSR royalty on the Medicine Springs silver project in Nevada owned by Torex Gold Resource Inc.

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