Borealis Mining (TSXV: BOGO)'s 100% owned Borealis Mine in Nevada has all permits in place for resumption of full-scale mining and is equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap leach gold mining operation of near-surface oxide ore. BOGO already has a ~350,000-ton stockpile of oxide ore from previous mining operations ready for crushing, stacking, and processing. However, this is not the main reason Rob McEwen and Eric Sprott have invested into the company.
Rob McEwen and Eric Sprott have invested into BOGO due to its historical high-grade sulfide intercepts discovered at depth.
The largest amount of historical drilling targeting high-grade sulfides at depth occurred at BOGO's Graben Deposit, which is believed to be a feeder system for Freedom Flats:
Historical drillhole DFF229 intercepted 67.1m of 16.2 g/t gold beginning 164.6m downhole.
Historical drillhole CBO002 intercepted 24.3m of 10.7 g/t gold beginning 209.4m downhole.
Historical drillhole GGCG-29 intercepted 56.4m of 6.5 g/t gold beginning 184.4m downhole.
Historical drillhole DFF173 intercepted 67.1m of 6.1 g/t gold beginning 169.2m downhole.
Historical drillhole CBO028 intercepted 96.4m of 5.3 g/t gold beginning 173.2m downhole.
Historical drillhole GGCG-07 intercepted 115.8m of 4.5 g/t gold beginning 195.1m downhole.
Previous operators were focused on discovering near surface oxides and did very limited drilling at Graben, leaving this high-grade deposit wide open for expansion. Most of BOGO's 14,600-acre land package remains untested at depth.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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