Today, the gold explorer Borealis Mining (Ticker: BOGO.v) announced an expansion of its Borealis property in Nevada through the addition of 3.66 square miles of new claims.

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The fully permitted and small-scale operational Borealis property has historically produced over 600,000 ounces of gold and features open pits, heap leach pads, and an ADR facility.

The expansion increases the total property size to 26.56 square miles, within one of the largest hydrothermal alteration zones in Nevada. 

The expanded area contains significant historical drill intercepts and surface samples along a structure subparallel to the main Borealis trend.

Notable drill intercepts include:

• 20m of 0.55 g/t Au and 12m of 0.62 g/t Au, both from surface
• 3m of 1.51 g/t Au starting at 12m
• 12m of 0.42 g/t Au from 4.6m
• 7m of 0.48 g/t Au beginning at 11m

Historical surface samples in the new claims show gold grades ranging from 0.3 g/t to 1.57 g/t, with silver reaching 5 oz/t.

Overall, the additional land gives Borealis an opportunity for methodical exploration aimed at future growth.

Notably, Borealis’ expansion occurs alongside neighboring stakings by Headwater Gold (CSE: HWG) under an earn-in agreement with Newmont Corporation, highlighting the high prospectivity of this area. 

Full news here: https://borealismining.com/2024/10/borealis-expands-its-borealis-property-through-claim-staking/

Posted on behalf of Borealis Mining Company Ltd.