Gold junior Borealis Mining (BOGO.v) recently reported pouring more gold at its Borealis Heap Leach Mine in Nevada, marking an important step in its production efforts. Historically, the mine has produced around 500,000 ounces of gold at an average grade of 2.02 g/t from multiple small pits, highlighting its potential in the gold mining sector.
The company’s advanced ADR facility continues to play a critical role in processing ore, with the recent gold pour yielding 651 troy ounces of dor bars, containing 143 troy ounces of gold and 131 troy ounces of silver.
This success follows the facility’s inaugural gold pour in 2023. The results were independently verified, further solidifying the company’s ability to produce gold at scale. The gold pour was achieved by stripping 2.5 out of the 10 carbon columns loaded with gold from residual leaching using a dilute cyanide solution.
In the coming months, Borealis plans to strip the remaining 7.5 carbon columns, with expectations of higher gold yields from untouched sections of the leach pad. The company also sent super sacks of spent carbon fines to Just Refiners (USA) Inc. in Reno, Nevada, containing 76.5 troy ounces of gold and 305 troy ounces of silver for further processing. These activities underscore Borealis' commitment to maximizing production from its existing resources.
To further boost production, Borealis is actively seeking contractors to crush its 330,000-ton stockpile of ore. With a recovery rate expected to be around 70%, the processing of this material should contribute significantly to gold output. This aligns with Borealis' broader goal of evolving into a mid-tier gold producer.
The company is also focusing on expanding its resource base and optimizing metallurgical processes at the Borealis Mine, which is strategically located in the Walker Lane mineral trend—an area known for its significant gold deposits. Notable historical drill results, such as 67 meters at 16.1 g/t gold, reflect the potential for additional high-grade discoveries in the area.
To complement its exploration efforts, Borealis is exploring acquisition opportunities in nearby properties to further expand its resource portfolio. With a strong financial position of $4.5 to $5 million in cash and an additional $3.5 to $4 million in restricted cash, Borealis is well-positioned to support these growth initiatives.
Full news: https://borealismining.com/2024/08/borealis-reports-first-gold-pour-of-2024/
Posted on behalf of Borealis Mining Company Ltd.