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Northstar Gold Corp (CSE: NSG) is a Canadian exploration company focused on developing high-grade gold and copper mineral deposits. The company's flagship property, the Miller Copper-Gold Property, is located southeast of Kirkland Lake, Ontario. Northstar is actively engaged in defining and expanding near-surface gold-telluride and VMS copper zones, with recent drilling confirming significant mineralization at the historic Cam Copper Mine and Allied Gold Zone. With a strategic focus on consolidating the Boston Creek Copper Trend through recent LOIs, Northstar aims to solidify its position as a key player in the critical minerals exploration sector.
Northstar Gold Corp announces a non-brokered private placement financing for minimum gross proceeds of $800,000 CAD to $1.2 million CAD, including $200,000 in flow-through funds. The offering includes a Critical Minerals flow-through component at $0.045 per unit and a non-flow through component at $0.04 per unit. The first tranche closing of approximately $900,000 CAD is expected by November 8, 2024. Proceeds will fund drilling at the Miller Copper-Gold Property's Zone 2 Extension Conductor, due diligence studies for Boston Creek Mines and Philip Properties, and support Hunan Nonferrous and Novamera MOU studies.
Northstar Gold Corp. (CSE: NSG) (OTCQB: NSGCF) has entered into a Memorandum of Understanding (MOU) with Novamera Inc. to develop and mine a potentially economically viable mineral resource at the Cam Copper Mine site on the Miller Copper-Gold Property in Ontario. The agreement focuses on Surgically Mining™ the copper-rich Zone 2 VMS horizon, which averages 10% copper over a 0.85 metre true width.
The MOU outlines a 4-Stage process to implement Surgical Mining™ over the next 12-18 months, including economic evaluation, mine permitting, and initial mining operations. Novamera will seek financing for the project, offering a non-dilutive approach to advance Northstar's high-grade copper project.
This partnership follows Northstar's recent MOU with Hunan Nonferrous for gold resource development, strengthening the company's position in exploring and developing narrow, high-grade copper zones at Cam Copper and potentially expanding to nearby historic mines.
Northstar Gold Corp. (CSE: NSG) has signed a non-binding MOU with Hunan Nonferrous to explore and develop a near-surface NI43-101 gold mineral resource at the Miller Copper-Gold Property in Ontario. The agreement involves up to 10,000 meters of diamond drilling, allowing Hunan Nonferrous to earn a negotiated interest in the resultant gold resource.
Highlights include:
- Hunan Nonferrous will conduct due diligence site inspections in early October
- The Allied Gold Zone has shown significant potential, with drill intercepts including 6.6 g/t Au over 117.0 metres
- An Exploration Target Study referenced an upper range exceeding 500,000 ounces of gold averaging 2.04 g/t Au
- Recent drilling at the Cam Copper Mine intersected high-grade copper, including 14.8% Cu over 2.45m
- Northstar is positioning to explore the Boston Creek Copper Trend
Northstar Gold Corp. (CSE: NSG) has announced significant changes to its Board of Directors. Chuck Main is retiring from the board after serving since the company's public listing in January 2020. Tanya Yang, a professional engineer with over 28 years of global mining project development experience, has been appointed as a new board member, effective immediately.
Ms. Yang's extensive background includes roles at Hunter Dickinson Inc., Fronteer Gold, and various engineering consulting firms. Her expertise spans major mining projects across North and South America. Dr. John Pollock, Northstar's Co-Chairman, expressed enthusiasm about Yang's appointment, highlighting her potential contribution to advancing the company's Kirkland Lake high-grade copper and gold projects.
Northstar Gold Corp. (CSE: NSGCF) has closed the first tranche of its critical minerals private placement, raising $254,820.03 through the issuance of 5,457,112 units. The company plans to use the proceeds for critical minerals exploration and diamond drilling on its Miller Copper-Gold Property, targeting a newly-defined 350-metre long EM conductor.
Recent sampling along the Zone 2 Extension EM Conductor returned high-grade copper values up to 17.9% Cu and 17 g/t Ag. Northstar is positioning to drill test this target in Q3 2024. The company has also signed LOIs to consolidate the 4-kilometre long South Boston Creek Copper Trend, providing exploration buffer and exclusivity for potential acquisitions.
Northstar Gold Corp. announces a non-brokered private placement financing for minimum aggregate proceeds of $1,000,000 CAD.
The financing includes a Critical Minerals flow-through component, aiming for $600,000 CAD, and a non-flow-through component targeting $400,000 CAD. Each flow-through unit is priced at $0.05 and includes one flow-through share and a half warrant; each non-flow-through unit is priced at $0.045 and includes one share and a full warrant.
Proceeds will fund critical minerals exploration, including diamond drilling on the Miller Copper-Gold Property, due diligence on neighboring properties, and general working capital.
The Offering closes in tranches starting early July, pending necessary approvals. The Company may pay finder's fees up to 7%.
Northstar Gold Corp. (CSE: NSG, OTC PINK: NSGCF) announced a Letter of Intent (LOI) to acquire the 64-hectare Philip Property, adjacent to its Miller Copper-Gold Property. This move supplements a previous LOI for the Boston Creek Mines Property, consolidating their strategy along the Boston Creek Copper Trend. Both LOIs include a 6-month exclusivity period for due diligence.
Recent EM surveys identified three conductors on the Miller Property, extending to the Philip Property. Notably, the 350-meter long Zone 2 Extension Conductor, showing potential for a significant VMS deposit, will be drill-tested this summer. RM Geoscience’s plate modeling suggests further exploration of the Philip Property's EM conductors. Northstar plans geological mapping, sampling, and a Phase II diamond drill program in the spring of 2024.
Northstar Gold Corp. (NSG, NSGCF) has completed electromagnetic (EM) and borehole surveys at its Miller Copper-Gold Property, revealing a significant near-surface conductor southeast of the Cam Copper Mine in Ontario. This 350-meter Zone 2 Extension Conductor, with a conductance of 200 Siemens, suggests the presence of massive sulphide mineralization similar to Cam Copper Mine Zone 2 but potentially thicker. Additionally, Northstar signed a Letter of Intent to acquire Boston Creek Mines Property, adjacent to their current holdings. The company plans to drill test the new EM conductor this summer and continue exploration activities in 2024.
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