Borealis Mining Company Ltd. is pleased to announce the assay results from several drillholes at the Graben target completed as part of its ongoing ~3,500 metre drill program at its Borealis Gold Project in the Walker Lane trend of Nevada. Drilling at the Graben historical gold deposit has demonstrated large widths of highly consistent gold mineralization within an extremely silicified and sulfidized body. Highlights [...]
Borealis Mining Company Ltd. is pleased to announce an expansion of its claim package at the Borealis property in Nevada. The newly acquired claims add 3.66 square miles to an existing 22.9 square mile package within one of the largest zones of hydrothermal alteration in the State1. These new claims contain significant historical drill intercepts and surface sampling results along a structure subparallel to the main [...]
Borealis Mining Company Ltd. is pleased to announce that it has completed its second gold pour of 2024 at its on-site ADR facility. This was achieved through the stripping of the Company's 10 carbon columns loaded from residual leaching with a highly dilute cyanide solution. This was the last of the residual leaching from the past year with subsequent pours to be derived from previously un-leached ore. The second pour [...]
Borealis Mining Company Ltd. is pleased to announce that it has completed its first gold pour of 2024 at its on-site ADR facility. This was achieved through stripping of 2.5 of the Company's 10 carbon columns, which were loaded from residual leaching with a highly dilute cyanide solution. The first pour resulted in doré bars weighing ~651 troy ounces containing 21.968 % Au and 20.169 % Ag, as determined by an independent [...]
Borealis Mining Company is pleased to announce that it has received conditional approval of the TSXV to list its common shares on the TSXV. The Company's common shares will commence trading on the TSXV under the symbol "BOGO", effective market open on August 7, 2024. Borealis is a gold mining and exploration company focused on exploration and resumption of production of the Borealis Mine in Nevada. The Borealis Mine is a [...]
Borealis Mining Company is pleased to announce the closing of a non-brokered private placement through the issuance of 5,425,000 units of the Company at a price of $0.50 per Unit for aggregate gross proceeds of $2,712,500. Each Unit is comprised of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a [...]
Borealis Mining Company is pleased to announce, further to its press releases of Feb 6, Feb 26, March 19, 2024 and March 25, 2024, the closing of its previously announced business combination by way of a plan of arrangement under Division 5 of Part 9 of the Business Corporations Act. The Arrangement was carried out pursuant to an arrangement agreement dated Feb 6, 2024, between the Company, 1000693081 Ontario Ltd., a [...]