Prime Target

Northern Empire Resources (NM.V; PSPGF.OB) is hunting for gold in elephant country. And with its Sterling Gold project, it’s hot on the trail of Nevada’s next multi-million-ounce gold deposit.

Dear Fellow Investor,

Nevada. Land of elephant-sized gold deposits.

The success of the mining industry in the state has made it one of the industry’s preferred jurisdictions. Simply put, permitting projects in Nevada is relatively easy compared to other places because the mining industry has proven so valuable to the state’s economy.

So if Nevada is a preferred destination for gold bugs, the question becomes: How do I leverage it for maximum gain?

The key is to find companies with projects in areas of the state that have proven to host gold deposits in the past. It helps if those projects have turnkey mining infrastructure and plenty of targets for growth via the drill bit.

Those companies get bonus points if they have full treasuries and management teams with a strong track record of creating wealth for shareholders.

In short, the key is to find a company exactly like Northern Empire Resources.

A History Of Past Production

Located along Nevada’s portion of the Walker Lane trend, Northern Empire’s Sterling gold project has a history of past production, a substantial, property-wide resource and a number of attractive drilling targets.

The Walker Lane trend has generated over 50 million ounces of gold during its storied history. The Sterling project’s portion of it lies within 160 kilometers of Las Vegas and comes with a 709,000-ounce inferred mineral resource.

Better still, the past-producing Sterling deposit comes with existing infrastructure from underground and open-pit operations. The recovery plant is operational and ponds and a fluid management system are in place.

The pits and workings left behind include a veritable treasure trove of high-grade historical holes. Those holes provide fertile targets for further drilling.

Given the in-place infrastructure already available, it won’t take too much success via the drill bit to justify restarting operations at the Sterling deposit.

And Sterling is by no means the only proven target on this district-scale property.

Several Ripe Exploration Targets

The Crown project is due north of the Sterling project and is part of the company’s consolidated, 125-square-kilometer property boundary.

It contains no fewer than four prime targets for exploration:

• Daisy: A Carlin-type deposit with an inferred resource of 174,000 ounces of gold at 2.12 g/t. Highlights from recent drilling on Daisy include 21 meters of 1.0 g/t gold, 47 meters of 1.47 g/t gold and 21 meters of 1.83 g/t gold — all of which are excellent grades for a potential open-pittable mining operation.
• Secret Pass: Previously mined in the 1990s, this volcanic-hosted deposit contains 188,000 inferred ounces of disseminated gold mineralization. Northern Empire drilling in 2017 generated 82 meters of 1.26 g/t gold and 30.48 meters of 0.55 g/t gold.
• SNA: Another Carlin-type gold deposit that is open for expansion. It contains an inferred resource of 78,000 ounces at 1.61 g/t.
• Shear Zone: The Shear Zone lies proximal to SNA and on trend with the Mother Lode deposit that another company is actively drilling, giving the Crown and Sterling properties an area-play angle as well.

Management Has Created More Than $3 Billion in Takeout Value

With junior mining companies, the first cut for discerning investors is management.

That’s because, all things being equal, those who have delivered returns for investors in this sector in the past are the people most likely to do so again.

Northern Empire clears this bar with room to spare. This is a leadership team responsible for C$3 billion in takeout value, including:

• International Royalty Corporation: Sold to Royal Gold for C$700 million.
• Newmarket Gold: Sold to Kirkland Gold for C$1 billion.
• Kaminak Gold: Sold to Goldcorp for C$520 million.
• Underworld Resources: Sold to Kinross Gold for C$138 million

Simply put, the men leading Northern Empire Resources have an eye for good projects and a track record of turning those projects into big winners.

The Drills Are Turning As We Speak

Given the quality of the company’s management team, it shouldn’t surprise you that Northern Empire enters 2018 with C$18 million in the bank and an aggressive, 15,000-meter drilling program that’s already underway.

Quality assays have just begun to flow from this effort. Three diamond holes drilled on the old Sterling Mine were highlighted by Hole 32C (5.3 meters of 16.52 g/t gold).

Those are eye-popping grades — and likely just a taste of what’s to come from this program.

With gold prices showing powerful upward momentum in early 2018, good drill results like these have the ability to propel Northern Empire’s share price much higher.

The drills have just started to turn, so there’s a window of opportunity (albeit a closing one) to build a position in this company in advance of the rest of the results from Sterling.

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