Interview Summary: CEO on Project Expansion & M&A Strategy In a recent discussion on the KE Report, Borealis Mining's (Ticker: BOGO.v) President and CEO, Kelly Malcolm, shared insights into their latest drill results and strategic initiatives.
The company, which went public in August, is advancing its Borealis Project in Nevada, historically an oxide heap leach operation with near-surface gold deposits.
Recent drill results from the project's Graben Deposit revealed promising grades, including 2.25 g/t gold over 99m with a sub-section of 4.06 g/t gold over 21m, validating the potential of high-grade mineralization for future exploitation.
Malcolm detailed the project's historical context, including an 800,000-ounce non-compliant resource from a 2011 Pre-Feasibility Study, emphasizing plans to update resources and conduct metallurgical tests with the goal of underground mining.
The company also recently expanded its property by over 3.66 square miles through strategic staking, targeting areas with promising historical samples and drill data.
Borealis is focused on resuming gold production and has already started pouring bars from stockpiled ore, generating non-dilutive cash flow to fund project development.
The company is also exploring M&A opportunities, seeking smaller, high-margin assets in Nevada that could generate substantial cash flow, differentiating from major players by acquiring assets overlooked by larger companies.
Upcoming potential catalysts include additional drill results, gold production progress, and potential acquisition announcements.
Full interview here:
Posted on behalf of Borealis Mining Company Ltd.