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Asproyia Permit

The Asproyia project lies at the southeast end of the Limni project on the south west flank of the ophiolite complex. Northern Lion has a right to earn 90% interest by issuing common shares and making payments to SES (A private Swedish based company).

In the 1950's Hellenic Mining Company carried out a considerable amount of exploration work on the Asproyia project area, including prospecting pits and trenches. Ancient galleries were excavated and a total of 14 boreholes were drilled. In 1977, Noranda Exploration carried out geological mapping and geophysics. The main efforts were made to investigate the feeder systems in the basal group and also to investigate the ancient workings that had been mined within the feeder system of chalcopyrite -- pyrite veining. One drill hole sited on the upper pillow lavas had 300 feet of a feeder system averaging 0.5% copper, including 26 feet of 2.2% copper.

During the 2009 review of the Asproyia permit area a total of 77 soil samples were collected of which 27 returned moderately to strongly anomalous results. These results indicate that there are gold values associated with the Cyprus style massive sulphides deposits.

A follow-up program of regional soil sampling was carried out in 2010 throughout the Asproyia to Evloimeni area, in order to tighten up the spacing of the original 2008 program. Results of the Phase I 2010 exploration grid soil sampling have returned gold values up to 1.2g/t and copper values up to 1.5%.

The IP survey carried out in early 2011 defined a strong chargeability anomaly with a weaker resistivity high through the south central portion of the grid. This is located in the vicinity of some historical rotary drill holes with up to 60m of 0.60% copper. No gold assays were carried out. The Northern Lion drill program was designed to test this chargeability anomaly. The seven holes drilled on the Asproyia permit were designed to test this area of anomalous geochemical and geophysical results. The majority of the Asproyia grid area is underlain by Basal Group rocks and the style of mineralization encountered in the drilling reflects this environment. Chalcopyrite filled fractures and stringers up to 1cm wide were intersected in all holes. Drill hole 11AS02 returned 0.57% copper over a 49.7m interval.

Asproyia - Significant assay drill results:
Hole # From
11AS01 3 38.8 35.8 0.03 0.1 0.4 0.02
11AS02 4.5 80.1 75.6 0.02 1.0 0.42 0.01
incl 24.6 74.3 49.7 0.02 1.0 0.57 0.01
11AS05 20.2 22.5 2.3 0.02 0.3 1.27 0.01
11AS07 48.9 100 51.1 0.01 0.1 0.37 0.01

Chalocpyrite veining at Asproyia

Ancient Workings at Asproyia

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