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.