Gold Pours & More: BOGO.v Advances with Key Achievements Borealis Mining Company Limited (BOGO.v), a gold exploration and mining firm, has reached several critical milestones at its Borealis Mine in Nevada. These strategic developments aim to strengthen the company’s operational framework and growth trajectory in high-sulfidation gold production.
Second Gold Pour of 2024 Completed
Borealis completed its second gold pour for 2024, producing approximately 229 troy ounces of gold and 162 troy ounces of silver in dor bars. This achievement marks the completion of processing residual leach materials, with future outputs planned to come from fresh, untreated ore. The application of cyanide to new sections of the leach pad is expected to boost upcoming yields.
Revenue Growth Without Share Dilution
By capitalizing on its heap leach operations, Borealis generates revenue without resorting to share dilution, thus protecting shareholder interests. The shift to untreated ore is expected to increase gold content and enhance future revenue streams. The company’s consistent production approach is further supported by favorable market conditions and a dedicated engineering and geology team working on a comprehensive mine restart plan.
Frankfurt Stock Exchange Listing
Borealis has expanded its investor reach by listing on the Frankfurt Stock Exchange under the ticker L4B0. This move allows European investors better access to the company’s shares, broadening its market footprint.
Expanded Land Holdings in Nevada
Borealis has also strengthened its position in Nevada by acquiring 3.66 additional square miles of land through claim staking. This newly acquired area, located east of the company's current claims, boasts significant historical drilling data and surface samples indicating potential for further oxide gold deposits. This expansion places Borealis within one of Nevada’s most extensive hydrothermal alteration zones.
Strategic Outlook
These recent advancements underscore Borealis Mining’s commitment to enhancing its production capacity, bolstering revenue potential, and positioning itself strategically within the gold sector.
Full press releases here: https://borealismining.com/news
Posted on behalf of Borealis Mining Company Ltd.