BOGO Expands Gold Project in Nevada’s Mineral-Rich Landscape Gold prices reached $2,790.15 per ounce before consolidating to $2,740.45 today, marking a 4% gain for October and the fourth consecutive monthly rise. Many see this retreat as a healthy consolidation within a sustained upward trend, with near-term volatility expected as the U.S. election and Federal Reserve meeting approach.
https://www.reuters.com/markets/commodities/safe-haven-gold-track-best-month-seven-2024-10-31/
With gold demand up overall amidst economic uncertainties, Borealis Gold (Ticker: BOGO.v), a Nevada-focused mining and exploration company, is strategically positioned as it expands operations at its flagship Borealis Mine.
BOGO's Borealis Mine in western Nevada is a fully permitted site featuring extensive infrastructure to support a large-scale heap leach operation.
This includes active heap leach pads, an ADR (Adsorption, Desorption, and Recovery) facility, and all necessary infrastructure for efficient dor bar production.
This has enabled BOGO to already start pouring gold from stockpiled ore at the mine, recently generating 229 troy ounces of gold and 162 troy ounces of silver, as determined by an independent assay.
On Tuesday, BOGO announced an expansion to its Borealis claim package, adding 3.66 square miles to the existing 22.9 square miles.
This acquisition is positioned within a large zone of hydrothermal alteration and contains meaningful historical drill intercepts and surface sampling results.
The new claims, located east of Borealis’ current holdings, include 64 claims with 14 historical drillholes and several surface samples with promising gold grades along a structure subparallel to the primary Borealis trend.
In alignment with regional developments, Borealis’ new claims share proximity with the 583 claims recently staked by Headwater Gold (CSE: HWG) through an earn-in agreement with Newmont Corporation. This underscores the area’s mining activity and strategic importance within Nevada's mineral-rich landscape.
Full news here:
https://borealismining.com/2024/10/borealis-expands-its-borealis-property-through-claim-staking/
Posted on behalf of Borealis Mining Company Ltd.