Gold has just hit a new all-time high this morning.
Borealis Mining (TSXV: BOGO) currently $0.71 per share is a newly listed company with a fully permitted operational-ready gold mine in Nevada.
BOGO has 83,220,583 shares outstanding and owns 100% of the Borealis Mine, which is equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap leach gold mining operation.
BOGO has the ability to pour gold on site and intends to introduce cyanide to fresh ore on the leach pad and begin crushing, stacking, and processing its ~330,000-ton stockpile of oxide ore from previous mining operations.
The mine was previously owned by private equity firm Waterton, which has been liquidating its assets.
Rob McEwen, Founder and CEO of NYSE listed McEwen Mining and former Chairman and CEO of Goldcorp, has acquired Waterton's stake in BOGO.
The Borealis mine has historically produced approximately 625,000 oz of gold at average grades of 1.77 g/t gold.
In addition to hosting near-surface oxide gold for its onsite processing plant, the Borealis property also contains high-grade high-sulfidation epithermal sulfides 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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