EXPLORATION & DEVELOPMENT

Northern's first SNA drilling hits 42.67m at 0.82g/t gold

Deposit shows potential for expansion

Staff reporter
Deposit shows potential for expansion

Deposit shows potential for expansion

Among the highlights, drilling intersected 42.67m at 0.82g/t from 70.11, including 10.67m at 1.82g/t.

SNA has an inferred resource of 126,000 ounces grading 1.03g/t, according to a technical report from July 2017.

Northern Empire acquired Sterling from Imperial Metals in May 2017, for US$10.1 million in cash, plus shares and a 2% NSR royalty on portions of the past-producing property in Nye County.

President and CEO Michael Allen said he was pleased with the results, which represented the first drilling into the SNA deposit by Northern Empire.

The company had about C$18 million (US$14 million) in the treasury at the start of the year and has a 15,000m exploration programme underway at the expanded project.

Its shares have risen from C60c in August to a 52-week high of $1.44 in March. They rose 3c yesterday to $1.37, capitalising it at $91.1 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.