Borealis Announces Production of Approximately 550 oz of Gold from the Borealis Mine
Borealis Mining Company has announced significant gold production updates from its Borealis Mine. The company sold its final 2024 doré shipment to Asahi Refining, containing 190.79 troy oz of gold and 119.88 troy oz of silver. Additionally, approximately 24 tonnes of spent gold-laden carbon was shipped to Just Refiners, containing an estimated 368 troy oz of gold and 997 troy oz of silver.
The company plans to increase gold production in 2025 by crushing its ~330,000 ton stockpile of mineralized oxide material. To prepare for this, Borealis is replacing the carbon in its ADR circuit to improve loading capacity and leaching efficiency. The Borealis mine, located near Hawthorne, NV, is fully permitted and equipped with existing open pits, heap leach pads, modern infrastructure, and a functional ADR facility. The project has historically produced over 600,000 ounces of gold from open pit heap leach operations.
Borealis Mining Company ha annunciato significativi aggiornamenti sulla produzione d'oro nella sua Miniera Borealis. L'azienda ha venduto la sua ultima spedizione doré del 2024 ad Asahi Refining, contenente 190,79 once troy di oro e 119,88 once troy di argento. Inoltre, circa 24 tonnellate di carbonio utilizzato carico d'oro sono state spedite a Just Refiners, contenenti una stima di 368 once troy di oro e 997 once troy di argento.
L'azienda prevede di aumentare la produzione d'oro nel 2025 frantumando la sua scorta di circa 330.000 tonnellate di materiale ossidato mineralizzato. Per prepararsi a questo, Borealis sta sostituendo il carbonio nel suo circuito ADR per migliorare la capacità di carico e l'efficienza di lisciviazione. La miniera Borealis, situata nei pressi di Hawthorne, NV, è completamente autorizzata e dotata di fosse aperte esistenti, piazzole di lisciviazione a cumulo, una moderna infrastruttura e un impianto ADR funzionante. Il progetto ha storicamente prodotto oltre 600.000 once di oro attraverso operazioni di lisciviazione a cumulo in fosse aperte.
Borealis Mining Company ha anunciado actualizaciones significativas sobre la producción de oro de su Mina Borealis. La empresa vendió su último envío doré de 2024 a Asahi Refining, que contenía 190.79 onzas troy de oro y 119.88 onzas troy de plata. Además, aproximadamente 24 toneladas de carbón cargado de oro gastado fueron enviadas a Just Refiners, que contenían un estimado de 368 onzas troy de oro y 997 onzas troy de plata.
La empresa planea aumentar la producción de oro en 2025 al triturar su reserva de aproximadamente 330,000 toneladas de material óxido mineralizado. Para prepararse para esto, Borealis está reemplazando el carbón en su circuito ADR para mejorar la capacidad de carga y la eficiencia de lixiviación. La mina Borealis, ubicada cerca de Hawthorne, NV, tiene todos los permisos necesarios y está equipada con fosos abiertos existentes, plataformas de lixiviación en montón, infraestructura moderna y una instalación ADR funcional. El proyecto ha producido históricamente más de 600,000 onzas de oro a partir de operaciones de lixiviación en montón en fosos abiertos.
보레알리스 마이닝 컴퍼니가 보레알리스 광산에서의 금 생산에 대한 중요 업데이트를 발표했습니다. 이 회사는 190.79 트로이 온스의 금과 119.88 트로이 온스의 은을 포함하는 2024년 마지막 도레 선적을 아사히 정제소에 판매했습니다. 또한, 약 24톤의 사용된 금 함유 탄소가 저스트 정제소에 선적되어 368 트로이 온스의 금과 997 트로이 온스의 은이 포함된 것으로 추정됩니다.
회사는 약 330,000톤의 광물화된 산화물 재고를 분쇄하여 2025년 금 생산을 늘릴 계획입니다. 이를 위해 보레알리스는 ADR 회로의 탄소를 교체하여 적재 능력과 침출 효율성을 향상시키고 있습니다. 보레알리스 광산은 네바다주 호손 근처에 위치하며, 모든 허가를 받았고 기존의 노천 광산, 힙 리치 패드, 현대적인 인프라 및 기능적인 ADR 시설을 갖추고 있습니다. 이 프로젝트는 역사적으로 노천 힙 리치 작업에서 600,000온스 이상의 금을 생산했습니다.
Borealis Mining Company a annoncé des mises à jour significatives concernant la production d'or de sa mine Borealis. L'entreprise a vendu son dernier envoi de doré pour 2024 à Asahi Refining, contenant 190,79 onces troy d'or et 119,88 onces troy d'argent. De plus, environ 24 tonnes de carbone chargé d'or usagé ont été expédiées à Just Refiners, contenant une estimation de 368 onces troy d'or et 997 onces troy d'argent.
L'entreprise prévoit d'augmenter la production d'or en 2025 en broyant son stock d'environ 330 000 tonnes de matériau oxydé minéralisé. Pour se préparer à cela, Borealis remplace le carbone dans son circuit ADR pour améliorer la capacité de chargement et l'efficacité de lixiviation. La mine Borealis, située près de Hawthorne, NV, est entièrement autorisée et équipée de fosses ouvertes existantes, de plates-formes de lixiviation en tas, d'une infrastructure moderne et d'une installation ADR fonctionnelle. Le projet a historiquement produit plus de 600 000 onces d'or à partir d'opérations de lixiviation en tas dans des fosses ouvertes.
Borealis Mining Company hat bedeutende Aktualisierungen zur Goldproduktion aus seiner Borealis-Mine bekannt gegeben. Das Unternehmen hat seine letzte Doré-Lieferung für 2024 an Asahi Refining verkauft, die 190,79 Feinunzen Gold und 119,88 Feinunzen Silber enthält. Darüber hinaus wurden etwa 24 Tonnen verbrauchtes, goldbeladenes Kohlenstoffmaterial an Just Refiners versandt, das schätzungsweise 368 Feinunzen Gold und 997 Feinunzen Silber enthält.
Das Unternehmen plant, die Goldproduktion im Jahr 2025 zu erhöhen, indem es seinen Vorrat von etwa 330.000 Tonnen mineralisiertem Oxidmaterial zerkleinert. Um sich darauf vorzubereiten, ersetzt Borealis den Kohlenstoff in seinem ADR-Zyklus, um die Ladefähigkeit und die Auslaugungseffizienz zu verbessern. Die Borealis-Mine, die sich in der Nähe von Hawthorne, NV, befindet, ist vollständig genehmigt und mit bestehenden Tagebauen, Heap-Leach-Pads, moderner Infrastruktur und einer funktionellen ADR-Anlage ausgestattet. Das Projekt hat historisch über 600.000 Unzen Gold aus den Heap-Leach-Betrieben in Tagebauen produziert.
- Current production of ~559 troy oz of gold (190.79 oz from doré + 368 oz from carbon processing)
- Planned processing of 330,000 ton stockpile to increase production in 2025
- Fully permitted and equipped mine infrastructure in place
- Historical production of over 600,000 ounces of gold
- Operating during record high gold prices
- Current production volumes are relatively small compared to historical output
- Mine requires additional development for full operational resumption
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Borealis Mining Company Limited (TSXV: BOGO) (FSE: L4B0) (the "Company" or "Borealis") is pleased to provide an update on revenue-generating and operational activities from the Borealis Mine site. The Company has sold its final shipment of doré produced in 2024 to Asahi Refining for a total of 190.79 troy oz and 119.88 troy oz of recoverable gold and silver, respectively. The Company also has shipped ~24 tonnes of spent and gold-laden carbon to be processed at Just Refiners containing an estimated 368 troy ounces of gold and 997 troy ounces of silver.
Three doré bars were recently sold to Asahi Refining of Salt Lake City, UT. This shipment of doré contained 190.79 troy oz of gold and 119.88 troy oz of silver, recovered from stripping loaded carbon as part of ongoing residual leaching of Borealis' permitted heap leach pad. Borealis intends to increase the amount of gold production in 2025 through the crushing of its ~330,000 ton stockpile of mineralized oxide material.
In preparation for the upcoming stockpile crushing and processing program, Borealis is replacing the carbon in its ADR circuit, which will allow for increased loading capacity and efficiency of leaching and stripping. As part of the replacement of the carbon, Borealis has emptied the carbon columns in its ADR facility of spent gold-laden carbon. This spent carbon, containing approximately 368 troy ounces of gold and 997 troy ounces of silver as determined by independent assays of representative samples, has been shipped to Just Refiners of Reno, NV, for refining and eventual sale. The exact number of saleable ounces of both gold and silver will be determined once the refining process is complete.
Kelly Malcolm, CEO of Borealis, comments, "We are pleased to be seeing continued revenues coming from the fully permitted Borealis minesite, particularly with gold at record highs. We are also very excited to be preparing for the upcoming stockpile crushing and leaching project, which should generate significant revenue at a relatively low cost. This is the first step on the pathway to resumption of consistent revenue at Borealis. Looking further ahead, our team and external consultants have been working diligently on a mine plan to get the Borealis mine up and running. We are one of the few junior mining companies with a fully built and permitted mine and processing facilities that is able to take advantage of these record gold prices and we are working hard to develop a plan to get gold out of the ground."
Qualified Person
The scientific and technical content of this news release was reviewed, verified, and approved by Kelly Malcolm, P.Geo., Chief Executive Officer of the Company, and a Qualified Person as defined by Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Borealis Mine
The Borealis mine property, located close to the town of Hawthorne, NV, is fully permitted and equipped for present mine operations and future expansion, with existing open pits, heap leach pads, modern infrastructure, and a functional ADR facility which produces doré bars. The project has historically produced over 600,000 ounces of gold from an open pit heap leach operation. It is an under-explored property and has not been drilled since 2011. The property possesses high grade expansion potential with excellent historical drilling results, along with a number of untested regional targets.
About Borealis
Borealis is a gold mining and exploration company focused on exploration and resumption of production of the Borealis Mine in Nevada. The Borealis Mine is a fully permitted minesite, equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap leach gold mining operation. In addition to the mine, the property, comprised of 751 unpatented mining claims of approximately 20 acres each totalling approximately 15,020 acres and one unpatented mill site claim of about five acres located in western Nevada, is highly prospective for additional high-sulfidation gold mineralization. Borealis is led by a strong board and management team, many of whom have founded, managed, and sold highly successful mining and exploration companies.
For further information, please contact:
Kelly Malcolm
President and Chief Executive Officer
Email: info@BorealisMining.com
Office Tel: (289) 371-3371
This news release may contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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FAQ
How much gold did BOGO produce in its latest production update?
What are Borealis Mining's production expansion plans for 2025?
How much silver was produced in the latest BOGO production update?
What is the historical gold production of the Borealis Mine?
What infrastructure improvements is BOGO implementing at the Borealis Mine?
