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Northern Empire starts exploration program at Richardson project

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Northern Empire starts exploration program at Richardson project

NorthernEmpire Resources Corp. started an exploration program at thecompany's wholly owned Richardson project in the Richardson gold district near Fairbanks,Alaska.

Budgeted at about $500,000 over a period of six weeks, thefirst phase of the program will comprise about 500 soil samples, 300 meters oftrenching, prospecting, 100 line kilometers of ground magnetic surveying, fourline kilometers of Induced Polarization surveying, and re-logging of historiccore holes, with the goal of delineating drill targets, the company said July11.

Further, the company said it will commence additional soilwork to expand existing targets and to define new ones, for potential drill testing.

Also, Northern Empire Resources granted 2,825,000 stockoptions to directors, officers, employees and consultants of the company. Eachstock option entitles the holder to purchase one common share of the company ata price of 18 cents per common share for a three-year period from the grantdate. The options will vest over a period of 24 months.

These stock options are governed by the stock option plan ofthe company and are subject to the approval by the TSX Venture Exchange.