Ownership

Northern Empire holds a 100% interest in the Hilltop Block of claims within the broader Richardson Gold District, subject to certain royalties and excluding placer gold rights.  The 31,720 acre (12,836 hectare) Hilltop Gold Project is comprised of 147 - 160 acre State of Alaska claims and 9 - 40 acre State of Alaska claims. Hilltop is contiguous with Northern Empire’s Richardson Property to the east.

To earn a 60% interest in the Hilltop Block, Sonoro proposes to spend C$3,000,000 on exploration activities and issue 1,000,000 Sonoro shares to Northern Empire, prior to December 31, 2019, as per the following schedule: 

  • issue 250,000 Sonoro shares to Northern Empire in 2015 (completed)
  • pay for exploration expenditures of C$250,000 by December 31, 2015 (completed)
  • issue additional 250,000 Sonoro shares and pay for additional exploration expenditures of C$500,000 by December 31, 2017 (C$160,000 advanced in 2015 for exploration against the accelerated 2017 budget)
  • issue additional 250,000 Sonoro shares and pay for additional exploration expenditures of C$750,000 by December 31, 2018
  • issue additional 250,000 Sonoro shares and pay for additional exploration expenditures of C$1,500,000 by December 31, 2019

Northern Empire is the operator of the project during the term of the Option.

Gold: $1,254.76 USD/OZ
Silver: $15.92 USD/OZ

Follow Us:

Join For Email Updates:

Join

Subscribe to our Email List