Northstar Commences Diamond Drilling at Miller Copper-Gold Property
Northstar Gold Corp (CSE: NSG) has initiated diamond drilling at its wholly-owned Miller Copper-Gold Property near Kirkland Lake, Ontario. The company has partnered with Wiijiiwaagan Drilling Partnership to complete a 1,500 metre drill program by year-end. The drilling targets copper-gold-silver volcanogenic massive sulphide mineralization along the 350-metre Zone 2 Extension VMS conductor anomaly, located 600 metres southeast of the historic Cam Copper Mine. Previous drilling in November 2023 yielded significant results, including 14.8% copper over 2.45 metres in Zone 2. The program is funded by a recent private placement that raised $818,750.
Northstar Gold Corp (CSE: NSG) ha avviato perforazioni a diamante presso la sua proprietà interamente posseduta Miller Copper-Gold nei pressi di Kirkland Lake, Ontario. L'azienda ha collaborato con Wiijiiwaagan Drilling Partnership per completare un programma di perforazione di 1.500 metri entro la fine dell'anno. Gli obiettivi di perforazione riguardano la mineralizzazione di solfuri massivi vulcanogeni di rame-oro-argento lungo l'anomalia del conduttore VMS della Zona 2 Extension di 350 metri, situata 600 metri a sud-est della storica miniera di rame Cam. Le perforazioni precedenti, svolte a novembre 2023, hanno fornito risultati significativi, inclusi 14.8% di rame su 2.45 metri nella Zona 2. Il programma è finanziato da un recente collocamento privato che ha raccolto $818,750.
Northstar Gold Corp (CSE: NSG) ha iniciado la perforación con diamante en su propiedad Miller Copper-Gold, completamente de su propiedad, cerca de Kirkland Lake, Ontario. La compañía se ha asociado con Wiijiiwaagan Drilling Partnership para completar un programa de perforación de 1,500 metros para fin de año. Los objetivos de perforación son la mineralización de sulfuros masivos volcanogénicos de cobre-oro-plata a lo largo de la anomalía del conductor VMS de la Zona 2 Extension, ubicada a 600 metros al sureste de la histórica Mina de Cobre Cam. Las perforaciones previas de noviembre de 2023 han arrojado resultados significativos, incluyendo 14.8% de cobre sobre 2.45 metros en la Zona 2. El programa está financiado por una reciente colocación privada que recaudó $818,750.
Northstar Gold Corp (CSE: NSG)는 온타리오주 커클랜드 레이크 근처에 위치한 완전 소유의 밀러 구리-금 자산에서 다이아몬드 시추를 시작했습니다. 이 회사는 Wiijiiwaagan Drilling Partnership과 협력하여 연말까지 1,500미터 시추 프로그램을 완료할 예정입니다. 시추 목표는 역사적인 캠 구리 광산에서 남동쪽으로 600미터 떨어진 350미터 존 2 확장 VMS 전도체 이상에서 구리-금-은 화산 기원 다량 황화물 광물화입니다. 2023년 11월의 이전 시추에서는 2.45미터에 14.8% 구리를 포함한 중요한 결과를 얻었습니다. 이 프로그램은 $818,750를 모금한 최근 사모펀드로 자금 지원됩니다.
Northstar Gold Corp (CSE: NSG) a lancé des forages au diamant sur sa propriété Miller Copper-Gold entièrement détenue près de Kirkland Lake, en Ontario. La société s'est associée à Wiijiiwaagan Drilling Partnership pour réaliser un programme de forage de 1 500 mètres d'ici la fin de l'année. Les cibles de forage portent sur la minéralisation en sulfures massifs volcanogènes de cuivre-or-argent le long de l'anomalie du conducteur VMS de la Zone 2 Extension, située à 600 mètres au sud-est de l'ancienne mine de cuivre de Cam. Des forages précédents en novembre 2023 ont donné des résultats significatifs, y compris 14,8 % de cuivre sur 2,45 mètres dans la Zone 2. Le programme est financé par un placement privé récent qui a permis de lever 818 750 $.
Northstar Gold Corp (CSE: NSG) hat mit der Diamantbohrung auf seinem vollständig im Eigentum befindlichen Miller Copper-Gold Projekt in der Nähe von Kirkland Lake, Ontario, begonnen. Das Unternehmen hat sich mit der Wiijiiwaagan Drilling Partnership zusammengeschlossen, um bis zum Jahresende ein 1.500 Meter Bohrprogramm abzuschließen. Die Bohrziele umfassen die kupfer-gold-silberhaltige vulkanogene Massivsulfid-Mineralisierung entlang der 350-Meter-Zone 2 Extension VMS-Leitungsanomalie, die 600 Meter südöstlich der historischen Cam Copper Mine liegt. Frühere Bohrungen im November 2023 haben bedeutende Ergebnisse erbracht, darunter 14,8% Kupfer über 2,45 Meter in Zone 2. Das Programm wird durch eine kürzliche Privatplatzierung finanziert, die 818.750 $ eingebracht hat.
- Secured funding of $818,750 through first tranche private placement
- Previous drilling results showed high-grade copper (14.8% over 2.45 metres)
- Additional funding expected through second tranche private placement
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), is pleased to announce diamond drilling has commenced at the Company's
Northstar drilling is targeting potentially broad intervals of copper-gold-silver volcanogenic massive sulphide (VMS) mineralization along the recently defined 350 metre, 200 Siemens Zone 2 Extension VMS EM conductor anomaly, 600 metres southeast and along trend of the historic, direct-shipping high-grade Cam Copper Mine (Please see Northstar News Release Dated May 16, 2024). In late November, 2023, Northstar intersected a number of discrete high-grade VMS copper horizons at Cam Copper Mine, including
"Northstar is very pleased to commence this critical drill program at Miller," states Brian P. Fowler, P.Geo., Northstar President, CEO and Director. "Zone 2 Extension drilling was made possible by strategic investor support and the recent 1st tranche private placement closing with aggregate gross proceeds of
About Northstar
Northstar's primary exploration focus is to advance and expand the near-surface, Allied Gold Zone bulk-tonnage gold-telluride deposit and more recently discovered VMS copper mineral deposits on the Company's flagship,
Recently Signed Gold and Copper MOUs
Northstar recently signed two MOUs to advance the Company's Miller Intrusive Complex gold and Cam Copper Zone 2 VMS copper exploration and development projects, respectively, at the Miller Copper-Gold Property. On September 19th, 2024, Northstar announced signing a MOU with China-based Hunan Nonferrous with intentions to possibly secure a minority stake in the Miller Intrusive Complex gold deposits by funding up to 10,000 meters of expansion diamond drilling. Due to unforeseen visitor visa complications, Hunan technical representatives are now positioning to obtain Canadian visitor visas for an early spring, 2025 due diligence property visit. This visit is a requirement to establish a Cooperative Agreement providing for collaborative exploration and development of the Miller Intrusive Complex gold targets (Please see Northstar-Hunan MOU News Release dated September 19, 2024).
On October 3rd, 2024, Northstar announced it had signed a MOU with Novamera Inc., setting terms for Novamera to secure the necessary financing to Surgically MineTM high-grade copper at Cam Copper Mine, subject to the definition and permitting of an economic deposit. This includes a multi-staged program (the "Surgical MiningTM Program") to test and extract material from the copper-rich, near vertical Zone 2 VMS horizon. The Company is currently awaiting results of a Stage 1 Novamera Scoping Study, which is expected shortly (Please see Northstar-Novamera MOU News Release dated October 3, 2024).
Other Properties
Northstar has 3 additional
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
bfowler@northstargoldcorp.com
Cautionary Note Regarding Forward-Looking Statements
All statements, other than statements of historical fact, contained in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking statements include, but are not limited to, disclosure regarding the completion of the Offering and potential gross proceeds to be raised pursuant thereto, the receipt of all applicable regulatory approvals, the prospective nature of the Company's property interests, exploration plans and expected results, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; planned use of proceeds, expenditures and budgets and the execution thereof. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the receipt of applicable regulatory approvals. availability of financing, the assumed long-term price of gold, that the current exploration and other objectives concerning its mineral projects can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; the continuity of the price of gold and other metals, economic and political conditions and operations; the prospective nature of the Company's properties, availability of financing, and that general business and economic conditions will not change in a materially adverse manner.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NSG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks and uncertainties related to the completion of the Offering as presently proposed or at all, the failure to obtain all applicable regulatory approvals; actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties are not, and should not be construed as being, exhaustive.
Although NSG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date hereof and NSG assume no obligation to update any forward-looking statements, except as required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231223
FAQ
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