Stock Talk Podcast Highlights BOGO's 67m at 16 g/t Au Assay In the latest episode of The KE Report's Stock Talk Podcast, Quinton Hennigh, Private Investor and Geologic Consultant to Crescat Capital, discusses Borealis Mining (TSX.V: BOGO), and its past-producing Borealis mine in Nevada.
The Borealis Mine, located near Hawthorne, Nevada, has a history of producing over 600,000 ounces of gold through open-pit heap leaching. Covering more than 15,020 acres, the site holds substantial exploration potential, with no drilling activity since 2011.
Borealis Mining aims to restart production while exploring the untapped opportunities within its expansive property.
Key Points on Borealis Mining:
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Location and Geology:
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The Borealis project is situated in the Walker Lane district of western Nevada, a geologically active region with extensive faulting and magmatism. The project sits in a high-sulfidation system, indicative of gold deposits formed from volcanic and acidic fluids.
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The project features a "blanket-like" deposit representing lower-grade material, with potential high-grade feeder structures extending deeper.
Overall, Hennigh highlights the strong potential of the Borealis project, emphasizing that success in identifying high-grade targets through their exploration program could significantly enhance its value.
The current cash flow from the leach pad serves as a valuable near-term advantage, supporting Borealis Mining’s strategic focus on expanding their resource base through exploration, positioning them well for future growth.
Full video here:
Posted on behalf of Borealis Mining Company Ltd.