BOGO's Drilling Success & 100Koz/Year Gold Production Target Borealis Mining (BOGO.v) is a Canadian-based exploration and mining company focused on its 100%-owned Borealis gold project in Nevada—ranked as the top mining jurisdiction by the Fraser Institute. Positioned in the Walker Lane Gold Trend, the property benefits from over 50 Moz of regional gold endowment and offers a significant opportunity for resource expansion.
Highlights of the Borealis Project
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Historic Production: The Borealis mine has yielded approximately 625,000 oz of gold at 1.77 g/t from oxide and transitional material
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Existing Infrastructure: The site boasts a fully operational ADR plant, mobile equipment, and permitted heap leach pads with a 4.2 Mt capacity. There is also a stockpile of high-grade oxide ore ready for processing.
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Permits in Place: Federal and state permits are secured, allowing BOGO to continue full-scale mining activities without regulatory delays.
Resource and Exploration Potential
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Historical Resources: The project holds a historical M&I resource of 1.83 Moz at 1.28 g/t Au and an inferred resource of 195,000 oz at 0.34 g/t Au, as outlined in a 2011 PFS by Gryphon Gold Corporation, now documented in BOGO’s 2024 technical report.
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Recent Drilling: Ongoing drilling (~3,500 meters) targets high-grade zones and deeper sulfide mineralization. Notable historical drill results include:
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67.1 m of 16.2 g/t Au
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115.8 m of 4.5 g/t Au
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24.3 m of 10.7 g/t Au
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These results indicate significant expansion potential, with current drilling aimed at unlocking further high-grade zones.
Enhanced Land Package and Infrastructure
BOGO recently expanded its claim holdings by adding 64 claims, extending the property’s footprint by 3.66 square miles to a total of 22.9 square miles. The site is easily accessible, located just 25 minutes from Hawthorne, NV, and equipped with vital infrastructure, including highway access, grid electricity, and a well field for water supply.
Processing and Refining Capabilities
BOGO processes oxide and transitional ore using a conventional cyanide heap-leach method, followed by on-site ADR operations that produce gold dor. The company resumed gold pours in June, August, and October 2024, showcasing its readiness to ramp up production as it introduces fresh cyanide leaching and processes existing stockpiles.
BOGO’s Strategic 2-Year Plan:
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Expand the existing resource through targeted drilling, informed by a robust block model.
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Conduct exploration drilling near current resources and new prospective areas.
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Optimize metallurgy with on-site laboratory facilities to improve recovery processes.
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Balance mining and refining operations for increased efficiency.
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Leverage historic resources pending the results of ongoing optimization studies.
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Prepare for future production goals of 100,000 oz/year.
Outlook
With a focus on leveraging historical data, advancing current exploration, and optimizing production, BOGO Mining is on a clear path to achieving its 100,000 oz/year production goal and unlocking significant value from its Nevada-based flagship project.
Company deck: https://borealismining.com/investors/
Posted on behalf of Borealis Mining Company Ltd.