St. Nikolas Permit
The St. Nikolas project forms part of the Northern Lion's existing land package of 20 permits covering an area of approximately 54 square kilometres. Northern Lion has entered into an option agreement to acquire 90% interest in the St. Nikolas project in the Paphos District of the Republic of Cyprus by issuing common shares and making payments to SES (A private Swedish based company).
St. Nikolas' initial seven hole 2011 drill program totalling 541.1 metres has been completed. It covered a strike length of over 200m in a northwesterly direction. This occurrence represents a younger mineralizing event than the typical Cyprus style VHMS deposits which are dominantly hosted within the Lower Pillow Lava sequence.
Drill hole 11SN-02 intersected 4.5 g/t gold over 28.6 metres that starts at 10 meters below surface and includes a higher grade zone of 6.1 g/t gold over 12.3 metres.
These results include a 12.3m zone encompassing the adit, that contains 5.8g/t gold, 26.8g/t silver and 1.5% copper. The majority of the recovered massive sulphide material is within this interval, with the overlying mineralization consisting of a zone of stockwork veining and brecciation. Both the massive sulphides and the oxidized stockwork zones have been identified in the flanking holes 11SN03 and 05, to the north and south.
The table below contains all of the significant intercepts at St. Nikolas.
** No significant assays
St. Nikolas Significant Drill Holes - View PDF Version
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