Borealis completes gold pour in Nevada
TSX-V-listed Borealis Mining has successfully completed its first gold pour of 2024 at its on-site adsorption, desorption, and recovery (ADR) facility, in Nevada.
The milestone was achieved through the stripping of 2.5 of the company's ten carbon columns, which had been loaded from residual leaching using a highly dilute cyanide solution.
The initial pour resulted in doré bars weighing about 651 troy ounces, containing 21.968% gold and 20.169% silver, based on an independent assay of a pin sample. This equates to about 143 troy ounces of gold and 131 troy ounces of silver.
In the near term, Borealis plans to strip the remaining 7.5 carbon columns and introduce fresh cyanide to a previously unleached section of the leach pad. This is expected to result in a higher gold percentage in the doré compared to the material produced through residual leaching.
In addition to the gold pour, the company has submitted several super sacks of spent carbon fines to Just Refiners in Reno, Nevada. The fines contained 76.504 troy ounces of gold and 305.012 troy ounces of silver.
"We are very pleased to announce our first gold pour of the year, which will now increase in frequency as we strip our remaining carbon columns and start to put fresh cyanide on our leach pad,” said Borealis CEO Kelly Malcolm.
“We are also in the process of seeking contractors to crush our approximately 330 000-t stockpile of ore, which should also generate meaningful gold production for the company and our shareholders," he said.
Malcolm highlighted Borealis' unique position in the junior exploration sector, noting that the company is revenue-generating and operates a fully permitted mine and ADR facility.
He also announced the appointment of Lisanna Lewis as the new CFO, bringing decades of experience in Nevada mining operations.
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