VIDEO➡️ BOGO's Flagship Project, Strong Investors & More After years of preparation as a private company, Borealis Mining (BOGO.v) launched last month as a publicly traded company on the TSXV. In an interview hosted on RocksAndStocksNews, Borealis' transition to public markets was discussed, highlighting the company’s potential and its flagship Borealis project in Nevada.
The Borealis project has attracted notable investors like Eric Sprott and Rob McEwen, with McEwen holding the largest stake in the company. Both are well-known figures in the mining industry, particularly for their success with gold projects.
Borealis also boasts a highly experienced board and management team, including Tony Makuch, who built and sold Kirkland Lake Gold, and Bob Buchan, founder of Kinross Gold. These key figures bring valuable expertise in project development and value creation.
The Borealis project itself is located in one of Nevada's most significant alteration zones, covering 20 square miles.
Historical mining in the 1980s and early 90's at the Freedom Flats pit produced 250,000 ounces, and the site still holds high-grade oxide material, with the potential for deeper sulfide deposits.
The company's technical team, led by Kelly Malcolm, is focused on using advanced techniques, such as 3D modeling and machine learning, to analyze historical data and identify new exploration targets.
Borealis is in a unique position with existing infrastructure, including water wells, a substation, and an ADR plant. This infrastructure allows the company to move rapidly from exploration to production, providing a significant advantage over its competitors.
With this infrastructure in place, Borealis Mining (BoGo.V) has already poured multiple dor bars from stockpiled material. Most recently, they produced dor bars weighing approximately 651 troy ounces, containing 143 troy ounces of gold and 131 troy ounces of silver.
Backed by this preliminary production, BOGO's team is committed to maximizing value while being cautious with its approach, ensuring it avoids the pitfalls often encountered by junior miners.
Overall, the interview emphasized the company’s potential, especially given the rising gold prices, and the strategic advantage of having both exploration and production capabilities in place.
Borealis Mining, with its strong foundation, valuable project, and experienced leadership, is poised for growth in the gold sector.
Full video here:
Posted on behalf of Borealis Mining Company Ltd.