Today, Borealis Mining (BOGO.v) announced that it has completed its second gold pour of the year at its on-site ADR facility.
The pour resulted from residual leaching and yielded approximately 1,625 troy ounces of dor bars containing 229 troy ounces of gold (14.116% Au) and 162 troy ounces of silver (9.954% Ag).
Going forward, BOGO plans to increase the frequency and gold content of its pours by introducing fresh cyanide to leach previously unprocessed ore, which is expected to result in higher gold content in future pours. With gold prices at all-time highs, BOGO is working on a mine restart plan for its fully permitted Borealis Mine in Nevada, leveraging internal and external expertise.
Plus, BOGO has listed its common shares on the Frankfurt Stock Exchange under the symbol L4B0. This move aims to increase accessibility for European investors and expand the company's investor base.
Regarding this news, the CEO, Kelly Malcolm, commented:
"Borealis continues to generate meaningful revenue through residual leaching of our existing permitted heap leach pads. We have begun treating the balance of our leach pad with fresh cyanide and expect to increase the frequency and gold content of our pours. With gold prices at all-time highs, our internal engineering and geology teams are hard at work with outside consultants to develop a mine restart plan at our fully permitted and fully built Borealis Mine in Nevada. I'm also excited about our new listing on the Frankfurt Stock Exchange, which coupled with several investor awareness programs, which will allow European investors easier access to Borealis common shares and broaden our investment audience."
Full News Release:
https://borealismining.com/2024/10/borealis-completes-second-gold-pour-of-2024-and-lists-on-frankfurt-stock-exchange/ Posted on Behalf of Borealis Mining Company Ltd.