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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 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.