BOGO CEO on Rock&Stocks News Discussing Yesterdays Assays Today, Borealis Mining (BOGO.v) joined Rocks and Stocks News to discuss the release of yesterday's assay results from the Borealis Gold Project which saw highlights including 4.06 g/t Gold over 21.3m within 2.25 g/t Gold over 99.1m: https://www.youtube.com/watch?v=xzz8J_TEot4
As part of an ongoing ~3,500-meter drill program, the results come from the Graben target which is a historical gold deposit exhibiting consistent gold mineralization within a highly silicified and sulfidized body.
Borealis Gold Project:
- Permitted gold mine with significant infrastructure for heap leaching already in place.
- Historical estimate of 1.8 million ounces of gold
- Previously Produced
Strong Leadership and Ownership:
- Highly experienced board with members like Tony Makuch and Rob McEwen, influential figures in mining.
- Board & strategic investors are cited as a strong foundation for Borealis' success.
Exploration Potential:
- Borealis' site includes a 20-square-mile alteration zone visible from Google Earth, with covered areas that may hold further gold resources.
- The Freedom Flats pit has historically produced substantial gold and displays signs of potential for further high-grade discoveries.
Recent Drill Results:
- Recent results highlight significant gold grades and widths in the sulfide zone, with one drill hole showing 200 gram-meters (a measure of grade and width).
- Permitted for a 55,000-ton bulk sample, allowing them to gather more accurate grade and recovery data.
Economic Viability and Mining Strategy:
- The existing pit can be used to access underground sulfide mineralization, minimizing development costs.
- Exploring different mining approaches, including bulk underground mining, to optimize extraction while managing costs effectively.
Expansion Strategy:
- Plan to grow by acquiring smaller assets with robust economics that might be overlooked by larger mining companies.
- Strategy involves consolidating multiple assets and processing extracted ore at their Nevada site, creating a cost-effective, centralized processing operation.
Vision and Financial Prudence:
- Aim to build a profitable mining business, focusing on growth driven by profitability rather than size.
- Emphasis is on sound economics rather than acquiring assets for the sake of growth.
Overall, Borealis is positioned as a well-structured company with significant resources, a strong team, and a clear strategy to grow profitably in Nevada’s favorable mining environment.
For more information on the latest drill highlights, refer to this summary: https://x.com/StckMasterFlash/status/1856830402859864378
Posted on Behalf of Borealis Mining Company Ltd.