Toronto, Ontario – Borealis Mining Company Limited (TSXV: BOGO) (FSE: L4B0) has recently made headlines with its announcement regarding the commencement of crushing operations at the Borealis Gold Project in Nevada. This significant milestone, achieved ahead of schedule, marks a pivotal moment for the company as it gears up for gold production.
Early Start to Crushing Operations
On June 6, 2025, Borealis began crushing its approximately 327,000-ton mineralized stockpile. The company anticipates crushing rates between 2,500 tons per day (tpd) and 4,500 tpd, contingent on the material’s characteristics. This early start not only showcases Borealis’s operational efficiency but also sets the stage for a series of critical activities leading to gold production.
Upcoming Milestones
The company plans to initiate drip line application on the first panel of crushed material during the week of July 7, with a tentative goal of achieving its first gold pour by the week of August 11. This timeline is crucial for stakeholders, as it indicates a swift transition from stockpile processing to actual gold production.
Bulk Sample Results and Recovery Expectations
Borealis’s bulk sample results from 2024 revealed an average grade of 0.016 oz/st Au (0.55 g/mt Au), with an expected recovery rate of approximately 70% through conventional heap leaching. The two-stage crushing process is projected to continue until Q4 2025, with gold pours expected to persist into mid-2026. This steady output is essential for the company’s revenue generation and operational sustainability.
Future Mining Plans
While Borealis is focused on the current crushing operations, the company is also preparing for the restart of blasting and mining activities, tentatively scheduled for Q4 2025. This strategic planning reflects Borealis’s commitment to maximizing the potential of the Borealis Gold Project.
Leadership Insights
Kelly Malcolm, CEO of Borealis, expressed his satisfaction with the early execution of the stockpile crushing program. He emphasized the importance of this phase as a low-risk confirmatory test of the company’s plant and procedures ahead of full-scale mining operations. Malcolm credited the operations team and contractor Remington for a seamless start, highlighting the excitement surrounding the anticipated substantial gold pours in the near future.
The Borealis Mine: A Rich History and Bright Future
The Borealis mine property, situated near Hawthorne, Nevada, is fully permitted and equipped for current operations and future expansions. With existing open pits, heap leach pads, and a functional ADR facility for doré bar production, the site has a rich history, having produced over 600,000 ounces of gold from previous operations.
Despite its historical success, the property remains under-explored, with no drilling conducted since 2011, aside from Borealis’s recent efforts. This presents a unique opportunity for the company to tap into high-grade expansion potential, bolstered by excellent historical drilling results and numerous untested regional targets.
Regulatory Landscape
Borealis holds existing federal and state permits for mining and processing operations. However, any future expansions may require permit modifications, subject to regulatory review. The company acknowledges the uncertainty surrounding the timing and success of these modifications, emphasizing the importance of compliance in its operational strategy.
About Borealis Mining Company
Borealis is dedicated to gold mining and exploration, focusing on the Borealis Mine and the advancement of its Sandman project in Nevada. The Borealis Mine is equipped with active heap leach pads and an ADR facility, supported by essential infrastructure for a successful heap leach gold mining operation. The property encompasses 815 unpatented mining claims, totaling approximately 16,300 acres, and is highly prospective for additional high-sulfidation gold mineralization.
The Sandman project, acquired through the purchase of Gold Bull Resources Inc., is an advanced exploration initiative with a recently completed NI 43-101 compliant resource and a Preliminary Economic Assessment indicating promising economics, especially in light of rising commodity prices.
Looking Ahead
As Borealis Mining Company embarks on this new chapter, the future appears bright. With a strong management team and a clear operational strategy, the company is poised to capitalize on its assets and drive growth in the gold mining sector.
Cautionary Note
This news release contains forward-looking information, characterized by terms such as “expect,” “project,” and “anticipate.” These statements are based on management’s opinions and estimates and are subject to various risks and uncertainties. Stakeholders are encouraged to refer to the company’s Management’s Discussion and Analysis for a comprehensive overview of potential risks.
In conclusion, Borealis Mining Company Limited is on the cusp of a transformative phase, with its operational advancements setting the stage for a promising future in gold production. As the company moves forward, it remains committed to transparency and regulatory compliance, ensuring a sustainable and profitable mining operation.
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