Borealis Mining (Ticker: BOGO.v) is advancing its Borealis Gold Project, a near-term gold production opportunity in Nevada. With a focus on leveraging existing infrastructure and a history of successful gold extraction, the company is working to unlock further value from this past-producing asset.
Recent developments, including a new stock listing and progress on gold production, position Borealis to attract both North American and European investor interest. Notably, the company has completed its second gold pour of 2024 at its on-site ADR facility, signaling continued progress in its production efforts.
The Borealis Mine, situated near Hawthorne, Nevada, has historically produced over 600,000 ounces of gold from open-pit heap leaching. The property spans over 15,020 acres, offering significant exploration potential as it has not been drilled since 2011. The company is focused on resuming production and unlocking the potential of its under-explored property.
With existing infrastructure, including active leach pads and an ADR facility, the site is positioned for future expansion and remains highly prospective for further high-sulfidation gold mineralization.
The recent second gold pour of 2024 resulted in dor bars weighing approximately 1,625 troy ounces, containing about 229 troy ounces of gold and 162 troy ounces of silver. This pour concluded the processing of residual leaching material from the previous year. Borealis has now begun applying fresh cyanide to previously untreated sections of its leach pad, aiming to produce higher gold content dor in future pours.
CEO Kelly Malcolm emphasized that Borealis is continuing to generate revenue through residual leaching and is actively working on a plan to restart mining at the fully permitted Borealis Mine. The company also recently listed on the Frankfurt Stock Exchange, increasing its visibility to European investors.
Looking ahead, Borealis aims to capitalize on its strategic initiatives and broaden its investor base through active participation in industry events throughout October.
With ongoing production activities and a focus on reactivating the mine’s potential, Borealis is well-positioned to create value as it advances towards increased production at the Borealis Mine.
More here: 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.