Borealis Mining (TSXV: BOGO) — Junior Gold with Near-Term Production & World-Class Upside

Borealis Mining (TSXV: BOGO) presents a compelling investment opportunity combining near-term gold production, undervalued resource potential, and an all-star leadership team. With a fully permitted mine in Nevada’s top-ranked Walker Lane Trend, the company is positioned to become a revenue-generating powerhouse with major upside through both oxide and high-grade sulfide gold.

Investment Highlights

Fully Permitted Infrastructure: Active heap leach pads, ADR facility, and road access.
Gold Production Underway: Two successful gold pours in 2024; ramp-up underway.
Significant Historical Production: 625,000 oz historically mined; 1.8M oz historical resource.
High-Grade Oxide & Sulfide Potential: Drill hits include 30.5m @ 4.48 g/t Au and 6.1m @ 15.16 g/t Au.
Rob McEwen (16%) & Eric Sprott Invested: Major endorsement from gold legends.

Exploration Upside

Recent drill highlights at Cerro Duro and Jamie’s Ridge include:

BMCD012: 30.5m @ 4.48 g/t Au (including 6.1m @ 15.16 g/t Au)
DHBM011: 99.1m @ 2.25 g/t Au (including 21.3m @ 4.06 g/t Au)
Historical: DFF229 returned 67.1m @ 16.2 g/t Au

Land Package & Expansion

Borealis recently expanded its claim boundary to 26.56 square miles with significant new oxide drill intercepts and high-grade surface samples.

Future Growth: Sandman Gold Project

BOGO acquired Gold Bull’s Sandman Project (formerly owned by Newmont) for US$6M in shares. A 2023 PEA showed an NPV (at $3,000 gold) of US$424.1M. Historic bonanza grades include:

NSM-142: 90.28 g/t Au over 3.47m
NSM-141: 86.91 g/t Au over 1.19m

Leadership Team

Bob Buchan (Chairman) – Founder of Kinross Gold (KGC)
Kelly Malcolm (CEO) – discovered 58N at Detour Gold
Greg Gibson – sold Trelawney Mining to IAMGOLD for $608M
Christina McCarthy – sold Paycore to i-80 Gold

Production to Begin on June 9th

Borealis Mining (TSXV: BOGO) is set to commence gold production at its fully permitted Borealis Gold Project in Nevada on June 9, 2025. The initial phase involves crushing and stacking approximately 327,000 short tons of stockpiled oxide and transition ore, with the first gold pour anticipated by late July 2025. Metallurgical testing indicates an average grade of 0.016 oz/st Au (0.55 g/t) and an expected recovery rate of around 70% through conventional heap leaching processes. To enhance operational efficiency, the company plans to utilize a two-stage crushing process, reducing ore size to 2 inches, which has shown comparable recovery rates to finer crushing methods. Bolinder Resources LLC of Tooele, Utah, will oversee the crushing and stacking operations, which are expected to continue through at least the second quarter of 2026. In preparation for this production phase, Borealis has appointed Robert M. Buchan as Non-Executive Chairman and William Del Carlo as Operations Superintendent, reflecting the company’s commitment to experienced leadership and operational excellence.

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.