Borealis Mining Company Ltd V.BOGO

Alternate Symbol(s): BORMF

Metals & Mining Gold

Borealis Mining Company Limited is a Canada-based gold mining and exploration company focused on exploration and resumption of production of the Borealis Mine in Nevada. In addition to the mine, the property, comprised of about 751 unpatented mining claims of approximately 20 acres each totaling approximately 15,020 acres and one unpatented mill site claim of about five acres located in western Nevada, is highly prospective for additional high-sulfidation gold mineralization. The Borealis Gold Project is located in western Nevada, approximately 16 road miles southwest of the town of Hawthorne in the Walker Lane Mineral Belt and 12 miles northeast of the California border. Hawthorne is 144 highway miles southeast of Reno and 331 highway miles northwest of Las Vegas.

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Borealis Mining Company Ltd

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Post by 1StockInformeron Aug 15, 2024 7:19pm

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Post# 36181654

BOGO Webinar Summary Post: Key Insights & Strategic Overview

Company Presentation: Borealis Mining Ltd. (TSXV: BOGO) hosted a webinar today at 1 PM PST, organized by Amvest Capital Inc., where President and CEO Kelly Malcolm provided an in-depth overview of the Borealis Heap Leach Gold Mine in Nevada.

Historical Success: The Borealis Mine, located in the Walker Lane mineral trend, has a strong historical track record, producing over 600,000 ounces of gold from 1978 to 1990. The mine was fully reclaimed in 1993 and later acquired by Borealis Mining in 2023 for $5.1 million.

Current Operations: Borealis Mining is focused on restarting and expanding operations, utilizing its fully functional ADR facility and substantial infrastructure. The company has a two-year plan to expand the resource base, optimize metallurgical processes, and resume small-scale mining.

Financial Strength: With a market capitalization of approximately CAD 53-54 million and about 83 million shares outstanding, Borealis Mining holds $4.5 to $5 million in cash. The company is also working towards an OTC listing in the U.S.

Exploration Potential: Borealis Mining is optimistic about discovering additional high-grade sulfide mineralization, particularly at the Freedom Flats deposit, which has shown exceptional grades in historical drilling.

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Management Team: The management team is focused on disciplined capital management and strategic growth. Notable board members and insiders include Tony Makuch, former President and CEO of Kirkland Lake Gold, and Rob McEwen, a significant shareholder with a 16% stake in the company.

Processing and Refining: The ADR facility, which poured its first gold bars in June 2023, is in excellent condition. Borealis Mining plans to resume processing ore from the existing stockpile, leveraging existing infrastructure for lower capital costs and higher returns.

Future Milestones: Borealis Mining's growth strategy includes resuming gold production, continuing drilling programs, and potential property acquisitions, all while maintaining a disciplined approach to capital management.

Conclusion: Borealis Mining Ltd. is strategically positioned for growth, with a focus on expanding resources, resuming production, and exploring new opportunities in the Walker Lane trend.

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