Video: 2 Gold Pours Since Listing + Resource Expansion Plans In a recent interview on The KE Report, Kelly Malcolm, President and CEO of Borealis Mining (Ticker: BOGO.v), introduced the company's progress at the Borealis Mine in Nevada. Since its listing in August 2024, Borealis has already achieved two gold pours and is actively pursuing a drilling program to expand its existing resource base.
The Borealis Mine produced 500,000 oz at 2.02 g/t Au from 8 near-surface open-pit oxide deposits from 1981-1990 and has an estimated 1.8 million ounces of gold in the Measured and Indicated category.
During the interview, Malcolm emphasized several distinct advantages that position Borealis Mining for success. These advantages include:
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Historical Resource and Production: Borealis has a 1.8 million-ounce resource from 2011 and is focused on expanding this resource through ongoing drilling. The project has shown significant potential, with notable grades and widths, including 67 meters of 16+ grams per ton gold in a sulfide body.
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Infrastructure: The Borealis site is fully permitted and operational, with infrastructure valued at over $50 million. The site includes a substation, water wells, an ADR facility, and all necessary permits to support continued production.
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Exploration Focus: The company's two-year plan aims to expand the resource and explore new targets. Borealis has been compiling historical data to guide its drilling, aiming for both confirmatory and expansionary work.
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Revenue Generation: While exploration is a core focus, Borealis is also working to generate revenue through gold pours from stockpiled material, positioning itself as a mining company capable of near-term cash flow.
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Strong Management: Borealis is supported by an experienced team, including Tony Makuch, former CEO of Kirkland Lake Gold, and Bob Buchan, founder of Kinross Gold which grew into the third largest primary gold producer in North America
With a fully permitted site, an expanding resource base, and a capable management team, Borealis Mining is well-positioned for continued growth. The company’s unique combination of historical production, near-term revenue, and exploration potential offers investors exposure to a high potential player in Nevada's prolific Walker Lane trend.
Full interview here:
Posted on behalf of Borealis Mining Company Ltd.