20269 releases
Northstar Receives Initial $627,663 Digital Co-Investment Payment, Provides Cam Copper Surgical Mining Project Update
Northstar Gold received a net $627,663 initial co-investment reimbursement from DIGITAL under the Surgical Mining for Critical Minerals Project with Novamera and Micon, generated from approximately $2.14 million in approved eligible expenditures and a $750,524 DIGITAL contribution. The company remains eligible for about $1.2 million in further funding under the up to $3.84 million approved package. Work at the Cam Copper Zone 2 project at the Miller Copper-Gold Property near Kirkland Lake, Ontario includes a Micon NI 43-101 Mineral Resource Estimate, with possible small-scale production targeted early 2027.
Financing$627,663 DIGITAL Co-Investment Payment Provides Cam Copper Surgical Mining Project Update
Northstar Gold Corp. received a net $627,663 initial DIGITAL co-investment reimbursement under the Surgical Mining for Critical Minerals Project, generated from approximately $2.14 million in approved eligible expenditures and a $750,524 DIGITAL contribution. The company remains eligible for roughly $1.2 million in further funding under the up to $3.84 million allocation. Work at the Cam Copper Zone 2 project at the Miller Copper-Gold Property near Kirkland Lake, Ontario includes a Micon NI 43-101 resource estimate, with possible small-scale production targeted for early 2027.
FinancingNorthstar Advances Dual Gold and Copper Projects at Miller Property Amid Record Gold Prices and Renewed Kirkland Lake Exploration Activity
An exploration update for the 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, includes plans to renew expansion drilling at the Allied Gold Zone later this year, targeting strike and depth extensions, the Independence Fault Zone, and Planet and Meilleur Syenite areas. SRK's prior conceptual exploration target for the Allied and Vein 1 Zones was 250,000–500,000 near-surface ounces at 1.39–2.04 g/t Au. Northstar has raised $1,905,700 gross since late December 2025 and was approved for up to $4.0 million in DIGITAL co-investment funding for the Cam Copper Surgical Mining project.
CorporateNorthstar Gold Corp Closes First Tranche of Critical Minerals Flow-Through Financing
The first tranche of a non-brokered private placement closed with 4,285,714 critical minerals flow-through common shares issued at $0.07 per share for gross proceeds of CDN$299,999.98, with cash finder's fees of $18,000 paid and a second tranche expected in the near term. Proceeds will fund the Cam Copper Zone 2 Surgical Mining pilot near Kirkland Lake, Ontario, including a NI 43-101 Technical Report and Mineral Resource Estimate, metallurgical testing, permitting and engineering. Closing remains subject to final Canadian Securities Exchange approval.
FinancingNorthstar Provides Financings And Cam Copper Surgical Mining Updates
A second tranche of the non-brokered private placement closed for gross proceeds of $130,999.98, comprising 2,183,333 units at $0.06, each with one share and one five-year warrant exercisable at $0.075, bringing total Offering proceeds to $688,999.98 from 11,483,333 units. Northstar also launched a non-brokered critical minerals flow-through offering of up to $1.0 million at $0.07 per share, with an initial tranche of at least $300,000 expected near term. Proceeds will advance the 100%-owned Cam Copper Project near Kirkland Lake, Ontario.
FinancingNorthstar Intersects High-Grade VMS Depth Extension at Cam Copper
Drilling at the 100%-owned Cam Copper Mine, 18 km southeast of Kirkland Lake, Ontario, returned 3.05% Cu, 5.9 g/t Au, 22.9 g/t Ag and 0.45% Mo over 3.07 metres core length from 163.05 m in hole CC-25-14, about 50 metres down plunge of a prior 14.8% Cu over 2.45 m intercept. Hole CC-25-16 cut 13.95% Cu, 0.62 g/t Au and 32 g/t Ag over 0.56 m, and CC-25-17A returned 4.38% Cu over 0.6 m in Zone 1. The 7-hole, 1,204-metre program supports a Micon NI 43-101 report.
Drill resultsNorthstar Closes 1st Tranche of Private Placement to Advance Surgical Mining Project at Cam Copper
A first tranche of a non-brokered private placement closed for gross proceeds of $558,000 through the issue of 9,300,000 units at $0.06, each unit comprising one common share and one warrant exercisable at $0.075 for 60 months; finder's fees of $28,800 and 480,000 finder warrants were paid. Total offering is for up to $800,000, with a second tranche to follow. Proceeds will fund permitting, engineering and early implementation of Novamera's Surgical Mining system at the Cam Copper Project near Kirkland Lake, Ontario, including an NI 43-101 resource estimate.
FinancingNorthstar Announces Financing to Advance Surgical Mining of High-Grade Copper at Cam Copper Project
A non-brokered private placement of up to C$800,000 in non-flow-through units at $0.06 per unit, each with one common share and one warrant exercisable at $0.075 for 60 months, has been launched, with a first tranche of approximately C$530,000 expected to close in the near term. Proceeds will fund permitting, engineering, metallurgical studies, a geological model update and an NI 43-101 Technical Report and Mineral Resource Estimate for Novamera's Surgical Mining pilot at the 100%-owned Cam Copper Project, 18 km southeast of Kirkland Lake, Ontario.
FinancingNorthstar Gold Corp. Announces $4 Million Digital Co-Investment To Advance Cam Copper And Novamera’s Surgical Mining
Approval has been received for up to $4.0 million in total co-investment funding from DIGITAL – Canada's Global Innovation Cluster for the Cam Copper Surgical Mining for Critical Minerals Project near Kirkland Lake, Ontario, led by Novamera Inc. with Northstar and Micon International as consortium partners. Northstar expects up to approximately $1.8 million net, about 30% of roughly $11.0 million in approved expenditures, with a first reimbursement of about $300,000 on or before mid-April 2026. Northstar also granted 11,250,000 stock options at $0.08, expiring in five years.
Financing
202511 releases
Northstar Closes 2nd Tranche of Private Placement, Completes Cam Copper Zone 2 Infill Drill Program
A second tranche of the non-brokered private placement closed for $61,000, comprising 600,000 flow-through units at $0.06 ($36,000) and 500,000 non-flow-through units at $0.05 ($25,000), bringing cumulative proceeds with Tranche 1 to $916,700; finder fees of $2,160 and 36,000 finder warrants at $0.06 were paid. The Cam Copper Zone 2 infill diamond drill program at the Miller Copper-Gold Property near Kirkland Lake, Ontario was completed December 12–22, 2025 with 7 holes totalling 1,194 metres; assays are expected late January 2026.
FinancingNorthstar Commences Diamond Drill Program at Cam Copper Mine
A 1,200 m definition diamond drill program has begun on the high-grade Zone 2 VMS copper lens at the 100%-owned Cam Copper Mine, 18 km southeast of Kirkland Lake, Ontario, with Forage Wawatay – RJLL Inc. contracted to drill. The program is intended to support an NI 43-101 resource estimate and technical report by Micon International. The definitive agreement with Novamera provides for extracting about 116,000 tonnes from Zone 2 over an estimated 31 months, with Novamera earning a 5% revenue share.
Drill resultsNorthstar Closes 1st Tranche Of Private Placement, Advances Cam Copper Surgical Mining Project
A first tranche of the non-brokered private placement closed for $855,700, comprising 7,345,000 flow-through units at $0.06 for $440,700, 3,300,000 non-flow-through units at $0.05 for $165,000, and 10 royalty units at $25,000 each for $250,000, with insider participation and a second tranche to follow. Each royalty unit includes 300,000 warrants at $0.05 for three years, accrues 10% interest and is secured by 50% of Cam Copper free cash flow up to 4x principal. Proceeds fund a Zone 2 infill drill program starting mid-December 2025, metallurgical work, an NI 43-101 resource estimate and permitting at the Cam Copper project, 18 km southeast of Kirkland Lake, Ontario.
FinancingNorthstar Signs Funding Agreement to Support Cam Copper Surgical Mining Project
A Master Project Agreement has been signed with DIGITAL – Canada's Global Innovation Cluster, Novamera Inc. and Micon International Limited, providing partial funding for digital and data-driven solutions at Northstar's 100%-owned Cam Copper Project, 18 km southeast of Kirkland Lake, Ontario. Under the October 9, 2025 Definitive Surgical Mining Services Agreement, Novamera will extract about 120,000 tonnes of copper-rich material over a 31-month pilot, earning a 5% revenue share, with upfront capital of roughly US$1.5 million.
FinancingNorthstar Announces Strategic Financing to Advance Surgical Mining of High-Grade Copper at Cam Copper Project
Non-brokered private placements of up to $3.0 million CAD have been launched to fund the Cam Copper Zone 2 Surgical Mining pilot, 18 km southeast of Kirkland Lake, Ontario. The offerings comprise up to $500,000 in critical minerals flow-through units at $0.06, up to $1.0 million in non-flow-through units at $0.05, and up to $1.5 million of advance royalty units at $25,000 each paying 50% of project free cash flow quarterly to a 4x return cap. First tranches of roughly $800,000 and $500,000 are expected near term. Proceeds fund a Zone 2 drill program starting November 15, 2025, an NI 43-101 resource estimate, permitting and engineering.
FinancingNorthstar and Novamera Execute Definitive Surgical Mining™ Services Agreement to Advance Cam Copper Project Evaluation
A definitive Surgical Mining Services Agreement has been signed with Novamera Inc. to apply Novamera's turnkey Surgical Mining technology to Zone 2 at the Cam Copper Project, 18 km southeast of Kirkland Lake, Ontario, on Northstar's 100%-owned Miller Copper-Gold Property. The conceptual scope covers extraction of 116,000 tonnes using 93 extraction holes over an estimated 31 months, with Northstar advancing US$1.535 million in staged installments. Novamera could earn a 5% NSR and holds a five-year right of first refusal on other Miller and Boston Creek deposits.
CorporateNorthstar - Novamera Sign Letter of Intent to Surgically Mine High-Grade Copper at Miller Copper-Gold Property
A letter of intent has been signed with Novamera Inc. to apply its Surgical Mining process from surface at Zone 2 of the historic Cam Copper Mine on Northstar's 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario. The conceptual scope covers extraction of 116,000 tonnes using 93 extraction holes over an estimated 31 months, with upfront capital of about $1.5 million and Novamera earning a 5% revenue share, subject to a buyout option. Northstar plans an NI 43-101 technical report and mineral resource estimate.
AcquisitionNovamera Provides Northstar Positive Cam Copper Mine Surgical Mining™ Evaluation; Letter of Intent in Progress
Novamera Inc. has completed a Zone 2 Proposed Development and Surgical Mining evaluation study on Northstar's Cam Copper Mine at the 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, with positive results. The study is based on a Zone 2 exploration target of 75,000 to 140,000 tonnes grading between 9% and 18% copper, with a conceptual average grade of 12% copper. Northstar has received a draft Letter of Intent from Novamera covering third-party financing, exploration, development and production, expected to be executed in the near term.
Study resultsNorthstar Reports High-Grade Copper Exploration Target at Cam Copper Mine
An Exploration Target of 75,000 to 140,000 tonnes grading 9% to 18% copper, with a conceptual average grade of 12% copper, has been defined at the No. 2 Zone of the historic Cam Copper Mine on the Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, based on 15 drill intercepts. Novamera Inc. is incorporating the results into a Surgical Mining evaluation study, and Northstar plans an NI 43-101 technical report and mineral resource estimate. A Hunan Non-Ferrous due-diligence site visit was postponed indefinitely over visa issues.
Drill resultsNorthstar Drills +500 Metre Conductive Stratiform Sulphide-Gold Horizon at Miller Copper-Gold Property
Partial results from a seven-hole, 1,465 metre diamond drill program at the 100%-owned Miller Copper-Gold Property, 18 kilometres southeast of Kirkland Lake, Ontario, intersected a stratiform pyrrhotite-dominated sulphide horizon with anomalous gold and zinc over a +500-metre conductive strike length in holes CC-05-24, CC-06-24 and CC-11-24. CC-06-24 averaged 0.84 g/t Au over 2.08m from 151.17m, including 1.28 g/t Au over 1.10m; CC-11-24 returned 0.40 g/t Au and 2160 ppm Zn over 0.52m. Drilling ran November 23 to December 12, 2024.
Drill resultsNorthstar Completes Diamond Drill Program at Miller Copper-Gold Property New 15.76 Metre Copper Zone Discovery
A 7-hole, 1,465 metre diamond drill program at the 100%-owned Miller Copper-Gold Property, 18 kilometres southeast of Kirkland Lake, Ontario, was completed between November 23 and December 12, 2024. Hole CC-07 intersected chalcopyrite mineralization over a core length of 15.76 metres (47.24m to 63m), 500 metres southeast of Cam Copper Mine Zone 2; assays are pending, with preliminary drill results expected by late January 2025.
Drill results
202414 releases
Northstar Closes 2nd Tranche of Private Placement, Continues Diamond Drilling And Postpones Annual General Meeting Due To Canadian Postal Strike
The second tranche of Northstar's non-brokered private placement closed with 3,220,000 Hard Dollar Units at $0.04 and 900,000 Critical Minerals Eligible Flow Through Units at $0.045 for gross proceeds of $169,300, bringing total placement proceeds to $988,050 after the $818,750 first tranche closed November 14, 2024. Proceeds fund the ongoing 1,500 metre Cam Copper Mine VMS extension drill program at the Miller Copper-Gold Property near Kirkland Lake, Ontario, with results expected by mid-January 2025. The January 8, 2025 annual general meeting is postponed due to the Canada Post strike.
FinancingNorthstar Commences Diamond Drilling at Miller Copper-Gold Property
Diamond drilling has begun at the 100%-owned Miller Copper-Gold Property, 18 kilometres southeast of Kirkland Lake, Ontario, with Wiijiiwaagan Drilling Limited Partnership contracted to complete 1,500 metres by year-end and preliminary results expected next month. Drilling targets copper-gold-silver VMS mineralization along the 350 metre, 200 Siemens Zone 2 Extension EM conductor anomaly, 600 metres southeast of the Cam Copper Mine, where 2023 drilling returned 14.8% copper over 2.45 metres. The program follows a first tranche private placement of $818,750.
Drill resultsNorthstar Gold Corp. Closes First Tranche of Private Placement Miller Property Zone 2 Extension Drilling to Commence Late November
A first tranche of a non-brokered private placement closed for gross proceeds of $818,750, comprising 14,900,000 Hard Dollar Units at $0.04 and 4,950,000 Critical Minerals Eligible Flow Through Units at $0.045, totalling 19,850,000 Units, with $20,255 in finder fees and 560,000 finder warrants; insiders bought $60,000 of Units and a second tranche is planned. Proceeds will fund up to 1,500 metres of drilling starting late November on the 350 metre Zone 2 Extension EM conductor at the Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario.
FinancingNorthstar Announces Non-Brokered Private Placement
A non-brokered private placement for gross proceeds of $800,000 to $1.2 million CAD has been launched, including approximately $200,000 in Critical Minerals flow-through funds via a minimum 4.4 million flow-through units at $0.045 (warrant at $0.08, 24 months) and up to 15 million non-flow-through units at $0.04 (warrant at $0.06, 36 months). A first tranche of about $900,000 is expected to close on or before November 8, 2024. Proceeds will drill test a 350 metre long EM conductor at the Miller Copper-Gold Property near Kirkland Lake, Ontario, fund due diligence on the Boston Creek Mines and Philip properties, and working capital. Finder's fees of up to 7% may be paid.
FinancingNorthstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine Using Novamera Surgical Mining Technologies
A memorandum of understanding has been signed with Novamera Inc. to model, develop and mine the Zone 2 copper horizon at Northstar's 100%-owned Cam Copper Mine site on the Miller Copper-Gold Property, 20 kilometres southeast of Kirkland Lake, Ontario. Zone 2 was estimated by a previous operator to average 10% copper over a 0.85 metre true width, 42-metre strike length and minimum 140 metre depth; recent hole CC03-23 returned 14.8% copper over 2.45 metres. The MOU sets a four-stage program over 12-18 months, with Novamera to seek Stage 3 financing, which is not guaranteed.
Drill resultsNorthstar Gold Corp. Signs MOU with Hunan Nonferrous Ltd. to Develop Gold Resource at Miller Copper-Gold Property
A non-binding MOU has been signed with China-based Hunan Nonferrous Geological Exploration Institution Pvt. Ltd., giving it the opportunity to explore and develop a near-surface NI 43-101 gold resource at Northstar's 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, by drilling up to 10,000 metres to earn a negotiated interest. Hunan Nonferrous will conduct due diligence site inspections in early October at its own expense, followed by negotiations toward a binding Cooperative Agreement.
AcquisitionNorthstar Gold Corp. Announces Changes to Board of Directors
Chuck Main has retired from Northstar Gold Corp.'s Board of Directors effective September 10, 2024, after serving since the company's public listing in January 2020. Tanya Yang, a professional engineer with over 28 years of mining project development and engineering experience, including roles at Hunter Dickinson Inc. and Fronteer Gold, has been appointed to the Board effective immediately. The Board retains four independent directors and one non-independent director.
ManagementNorthstar Gold Corp. Closes First Tranche of Critical Minerals Private Placement Samples High Grade VMS Copper Along Zone 2 Extension EM Conductor Drill Target
A first tranche of a non-brokered private placement closed for gross proceeds of $254,820.03, comprising 1,850,000 Critical Minerals flow-through units at $0.05 and 3,607,112 hard dollar units at $0.045, with a second tranche expected; finder fees of $5,950 and 49,000 finder warrants were paid. Prospecting along the newly defined 350 metre, 200 Siemens Zone 2 Extension EM conductor at the Miller Copper-Gold Property, Ontario returned 2.74% to 17.9% Cu and 2.9 to 17 g/t Ag from a historic trench and muck pile 450 metres southeast of the Cam Copper Mine intercepts. Drill testing is planned for Q3 2024.
FinancingNorthstar Announces Non-Brokered Critical Minerals Private Placement
A non-brokered private placement for minimum aggregate proceeds of $1,000,000 was announced, comprising a minimum 12 million critical minerals flow-through units at $0.05 (minimum $600,000, half-warrant at $0.10 for 24 months) and a minimum 9 million non-flow-through units at $0.045 (minimum $400,000, one warrant at $0.08 for 24 months). Flow-through funds will drill a 350 metre long, 200 Siemens EM conductor on the Miller Copper-Gold Property, Ontario; non-flow-through funds cover due diligence on the Boston Creek Mines and Philip properties. First tranche expected to close by early July, with finder's fees up to 7%.
FinancingNorthstar Signs Additional Boston Creek Copper Property Letter of Intent
A letter of intent has been signed with vendors of the 64-hectare Philip Property, adjacent and southeast of Northstar's Miller Copper-Gold Property along the Boston Creek Copper Trend in Ontario, supplementing the Boston Creek Mines Property LOI reported May 16, 2024. Both LOIs include a 6-month exclusivity provision for due diligence and negotiation of acquisition terms. The 350-metre, 200 Siemens Zone 2 Extension Conductor extends up to 350 metres across the property line, with drill testing planned later this summer.
AcquisitionNorthstar Surveys Define Large Near Surface EM Conductor Southeast of Cam Copper Mine Signs Boston Creek Mines LOI
Surface Pulse-EM and borehole EM surveys over a 900 metre southeast strike extension of the Cam Copper Mine VMS trend on the 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, defined a near-surface conductor with 200 Siemens conductance, a minimum 350 metre strike length and 150 metre depth extent, located 750 metres southeast of Zone 2 drilling that returned 14.8% copper over 2.45m. Drill testing is planned for later this summer. Northstar also signed an LOI with a 6-month lock-up to negotiate acquiring Boston Creek Mines Ltd.'s 65 hectare adjacent property.
Drill resultsNorthstar Commences EM Surveys Targeting Cam Copper VMS Extensions at Miller Copper-Gold Property
Borehole and surface electromagnetic surveys have begun at the Cam Copper Mine area on the 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, run by Crone Geophysics. The surface survey will test VMS horizon extensions and conductors over a 900-metre strike length to the southeast, and BHEM will cover the four holes drilled in 2023, which returned up to 14.8% copper over 2.5 metres. Fall 2023 grab sampling of 15 samples returned up to 2.02 g/t Au, 26.9 g/t Ag and 27,900 ppm Cu. Follow-up prospecting and Phase II drilling are planned for spring 2024.
Drill resultsNorthstar Surveys Identify Multiple Gold and Critical Mineral Targets at Rosegrove Property
LiDAR and MMI soil surveys at the 100%-owned, 1,150 hectare Rosegrove Property, 13 km south of Kirkland Lake, Ontario, identified four gold anomalies along the Pacaud Fault Zone with response ratios up to 17 times background, plus copper trends and a zinc anomaly up to 122 times background. MMI sampling ran September 25 to November 3, 2023, with 207 samples at 200 metre spacing over 636 hectares. The surveys were partly funded by an $80,532.50 Ontario Junior Exploration Program grant. Ground truthing, bedrock sampling and infill MMI are planned for spring and summer 2024.
Drill resultsNorthstar Gold Corp. Provides Exploration Update Closes Second Tranche of Private Placement
A third tranche of the non-brokered private placement closed for 1,090,910 units and $60,000, adding to first and second tranches of 12,348,479 units for gross proceeds of $738,999.64; total Critical Minerals eligible flow-through raised was $717,999.54, above the $600,000 minimum target. Proceeds will fund drilling and EM surveys at the historic Cam Copper Mine on the Miller Copper-Gold Property near Kirkland Lake, Ontario, and follow-up work at Rosegrove. Milestone prospecting returned a grab sample of 9.86% Cu, 0.40% Ni, 0.30 g/t Au and 0.05% Co.
Drill results
202314 releases
Northstar Gold Corp. Closes Oversubscribed Critical Minerals Private Placement
A second tranche of 5,816,659 Critical Minerals Eligible Flow-Through Units closed for $348,999.54, bringing total proceeds to $738,999.64 alongside the $390,000.10 first tranche announced December 14, 2023, above the $600,000 minimum target. Flow-Through Units were priced at $0.06 with one share and one warrant exercisable at C$0.10 for 24 months; finder fees totalled $24,429.96 plus 98,000 warrants. Proceeds will primarily fund critical minerals exploration at the Cam Copper Mine on the Miller Gold Property and surveys at Rosegrove, Ontario. The $500,000 Hard Dollar Units financing at $0.055 remains open.
FinancingNorthstar Receives $80k Rosegrove Property OJEP Grant
Northstar Gold has been notified by the Ontario Ministry of Mines that it is eligible for a critical minerals exploration grant of up to $80,532.50 under the Ontario Junior Exploration Program. The grant covers up to 50% of eligible 2023-2024 critical minerals exploration spending at the 100%-owned, 1,151 hectare Rosegrove Property, 11 km south of Kirkland Lake, Ontario. Results from recently completed LiDAR, MMI soil surveys and bedrock prospecting at Rosegrove will be reported early next year.
CorporateNorthstar Gold Corp. Closes First Tranche of Critical Minerals Private Placement
The first tranche of a non-brokered private placement closed for total proceeds of $390,000.10, comprising 6,150,000 Critical Minerals Eligible Flow Through Units at $0.06 and 381,820 Hard Dollar Units at $0.055, each unit including one share and one warrant exercisable at $0.10 or $0.075 respectively for 24 months. Finder fees of $1,680 and 28,000 finder warrants at $0.06 were paid. Flow-through proceeds will fund critical minerals exploration at the Cam Copper Mine on the 100%-owned Miller Gold Property, Ontario, with a second tranche expected shortly.
FinancingNorthstar Announces Non-Brokered Private Placement
A non-brokered private placement for aggregate proceeds of up to $1,100,000 (CDN) was announced, comprising up to 10 million flow-through units at $0.06 for up to $500,000 (warrants exercisable at $0.10 for 24 months) and up to 9,090,909 non-flow-through units at $0.055 for up to $500,000 (warrants at $0.075 for 24 months). A first tranche of approximately $400,000 is expected to close between December 6 and 11, 2023. Finder's fees of up to 7% may be paid. Proceeds will fund critical minerals exploration at the Cam Copper Mine on the Miller Gold Property, follow-up at Rosegrove, and working capital.
FinancingNorthstar Drills 14.8% Copper Over 2.45 Metres at Historic Cam Copper Mine
Drilling at the historic Cam Copper Mine on the 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, returned 14.78% Cu over 2.45 m from 116.55 m in hole CC03-23, including 21.7% Cu, 0.27% Pb and 17.68 g/t Ag over 1.35 m. All four Phase I holes, totalling 720 m drilled between October 20 and October 30, 2023, intersected copper-rich volcanogenic massive sulphides, with other intercepts including 8.17% Cu over 1.5 m and 3.12% Cu over 3.6 m. A Phase II drill program and surface and borehole geophysics are planned.
Drill resultsNorthstar Drills Multiple Horizons of High-Grade Volcanogenic Massive Sulphides at Historic Cam Copper Mine
Preliminary Phase I results from the historic Cam Copper Mine on the 100%-owned Miller Copper-Gold Property, 18 km southeast of Kirkland Lake, Ontario, where 720 metres were drilled in four holes between October 20 and October 30, 2023, with all four intersecting copper-rich volcanogenic massive sulphide lenses. Hole CC01-23 returned 3.12% Cu over 3.6m from 25.0m, including 19.45% Cu and 14.85 g/t Ag over 0.5m; 12.71% Cu, 0.62% Zn, 0.44% Pb and 16.47 g/t Ag over 0.75m; and 5.91% Cu over 1.5m. Assays for CC02-23 to CC04-23 are pending, and a Phase II drill program plus surface and borehole geophysics are planned.
Drill resultsNorthstar Gold Corp. Commences Drilling at Historic High-Grade Cam Copper Mine
Diamond drilling has commenced at the historic Cam Copper Mine on the 100%-owned Miller Copper-Gold Property, 18 kilometres southeast of Kirkland Lake, Ontario. Pelletier Drilling Ltd. of Chapais, Quebec, has been contracted for a 700 metre Phase I program targeting near-surface high-grade copper extensions, with completion expected by month's end. The program aims to verify a VMS setting, find new copper zones and expand historic intercepts including 12.4% Cu over 2.36m and 23.1% Cu over 1.39m.
Drill resultsNorthstar Gold Corp. $500,000 Private Placement Oversubscribed
A third tranche of Northstar Gold's non-brokered private placement closed with 1,762,755 units for $96,951.50, bringing total proceeds to $531,656.50 and exceeding the original $500,000 minimum target; units were priced at $0.055, each comprising one common share and one warrant exercisable at C$0.075 for 24 months. A fourth tranche is expected to close in the near term. Pelletier Drilling Ltd. has been contracted for a 700 metre Phase I diamond drill program at the Cam Copper Mine on the Miller Gold Property near Kirkland Lake, Ontario, starting later this month.
FinancingNorthstar Gold Corp. Closes Second Tranche of $500,000 Private Placement
The second tranche of a non-brokered private placement closed with 3,913,181 units for $215,225, bringing total proceeds from both tranches to $434,675, following the first tranche of $219,450 announced August 30, 2023. Units were priced at $0.055, each comprising one common share and one warrant exercisable at C$0.075 for 24 months; finder fees of $3,975 cash and 72,273 finder warrants were paid. A third tranche is expected to close in the near term, with proceeds funding critical minerals exploration at the Cam Copper Mine on the Miller Gold Property and surveys at Rosegrove.
FinancingNorthstar Gold Corp. Closes First Tranche of $500,000 Private Placement
The first tranche of a previously announced non-brokered private placement has closed, consisting of 3,990,000 units at $0.055 for $219,450, exceeding the $200,000 first-tranche expectation announced August 15, 2023. Each unit includes one common share and one warrant exercisable at C$0.075 for 24 months; $385 in finder fees and 7,000 finder warrants were issued. Proceeds will fund critical minerals exploration at the Cam Copper Mine on the Miller Gold Property, LIDAR and MMI soil surveys at Rosegrove, and working capital. A second tranche is expected near term.
FinancingNorthstar Gold Corp. Announces Non-Brokered Private Placement
A non-brokered private placement targeting minimum proceeds of $500,000 was announced, consisting of units at C$0.055, each with one common share and one warrant exercisable at C$0.075 for 24 months. A first tranche of approximately $200,000 is expected to close between August 15 and 25, 2023, with finder's fees of up to 7%. Proceeds will fund critical minerals exploration at the Cam Copper Mine on the Miller Gold Property, LIDAR and MMI soil surveys at Rosegrove, and working capital.
FinancingNorthstar Samples High-Grade Copper at Historic Cam Copper Mine Miller Gold Property
Surface grab sampling at the historic Cam Copper Mine on the 100%-owned Miller Property, 18 km southeast of Kirkland Lake, Ontario, returned 0.99% to 31.8% copper from 19 select samples weighing 43.39 kg, with a weighted average grade of 14.0% copper; one sample assaying 31.8% copper also returned 452 g/t silver. The samples were collected between May 19 and 25, 2023 from a muck pile and bedrock near the historic shaft. Northstar is permitted to drill the down-plunge extension of Zones 1 and 2 and plans follow-up drilling and ground truthing of geophysical anomalies along strike to the southeast.
Drill resultsNorthstar Defines >1 KM Deep Allied Au-Cu Zone Magnetic Signature at Miller Gold Property
A high-resolution airborne UAV magnetic survey at the 100%-owned Miller Gold Property, 18 km southeast of Kirkland Lake, Ontario, defined a large positive magnetic anomaly (SM-01) measuring over 1,000 m vertically by 1,000 m along strike by 400 m wide, partially underplating the near-surface Allied Gold Zone, plus 11 anomalies consistent with syenite intrusions and five CET structural targets. The 13 sq km, 296-line km survey was flown by Abitibi Geophysics February 9–13, 2023. Northstar also issued 1,263,698 shares at $0.07 to settle $88,458.88 in trade payables.
Drill resultsNorthstar Makes New Discoveries at Milestone Cu-Ni-Co Property
Surface sampling and an airborne magnetic survey at the 615-hectare Milestone Cu-Ni-Co Property, 3 km southwest of Temagami, Ontario, returned assays of 0.20–1.52% Cu, 0.05–0.61% Ni and 0.005–0.134% Co from 29 massive-sulphide samples collected over a 1.5 km strike length of the lower metagabbro contact. A new Central zone was found between the Diadem and O'Connor zones, with sample E455258 assaying 1.25% Cu, 0.61% Ni and 0.081% Co. The 76.7-line km UAV magnetic survey delineated the Diadem and O'Connor zones to 280 m and 400 m depth and identified two new anomalies.
Drill results
202210 releases
Northstar Closes Second Tranche of $1.6M Private Placement
The second tranche of a previously announced $1.6 million non-brokered private placement closed for gross proceeds of CDN$540,090, consisting of 6,354,000 flow-through units at $0.085, each with one flow-through common share and one warrant exercisable at $0.10 for 24 months. Combined with the first tranche of CDN$905,100.21 closed November 5, 2022, total gross proceeds are CDN$1,445,155.21. Finders fees of $37,806.30 and 444,780 finder warrants at $0.10 were issued. Proceeds fund Canadian Exploration Expenses at the Miller Gold, Rosegrove and Milestone properties in Ontario.
FinancingNorthstar Completes Surface Exploration and Magnetic Survey at Milestone Cu-Ni-Co Property
A surface exploration program and airborne magnetic survey were completed at the 100%-owned, 615 hectare Milestone Cu-Ni-Co Property, 3 km southwest of Temagami, Ontario. Between November 9 and 16, 2022, 72 surface samples were collected over a 1.5 km strike length of the lower metagabbro contact, including massive pyrite +/- chalcopyrite material taken in-situ and from historic muck piles; assays are pending. An 80-line km UAV magnetic survey was flown November 8, 2022, with a report expected before year-end.
Drill resultsNorthstar Closes First Tranche of $1.6M Private Placement
The first tranche of a previously announced $1.6 million non-brokered private placement has closed for gross proceeds of CDN$905,100.21, comprising 5,288,826 flow-through units at $0.085 ($449,550.21) and 6,074,000 non-flow-through units at $0.075 ($455,550), each with a warrant exercisable at $0.10 for 24 months. Finders fees of $30,535 and 368,295 finder warrants were issued. Flow-through proceeds will fund Canadian Exploration Expenses at the Miller Gold, Rosegrove and Milestone properties in Ontario, with CEE renounced on or before December 31, 2022.
FinancingNorthstar Announces Non-Brokered Private Placement
A non-brokered private placement for aggregate proceeds of up to $1,600,000 comprises up to 10.0 million flow-through units at $0.085 for up to $850,000 and up to 10.0 million non-flow through units at $0.075 for up to $750,000, each unit including one share and one warrant exercisable at $0.10 for 24 months. Flow-through proceeds will fund Canadian Exploration Expenses at the Miller Gold, Rosegrove and Milestone properties in Ontario, with closing expected on or about October 31, 2022. Northstar also granted 856,000 stock options at $0.10, expiring in five years.
FinancingNorthstar target study reveals 250,000 to 500,000 ounce gold exploration potential in Allied and Vein 1 Zones at Miller Gold Property - Expansion drilling planned
Ronacher McKenzie Geoscience and SRK Consulting have completed 3D deposit modeling and geostatistical grade and tonnage range estimations for the Allied Gold Zone, including Vein 1, at the 100%-owned Miller Gold Property, 18 km southeast of Kirkland Lake, Ontario, indicating exploration potential of 250,000 to 500,000 ounces of gold. Estimated grade ranges are 1.39 to 2.04 g/t Au overall and 4.80 to 7.54 g/t Au for Vein 1 South, which holds 82,000 tonnes. Estimates used 130 of 471 drill holes and exclude the CG2 discovery, 601 surface channel samples and the 2016 932-tonne bulk sample. A Phase III drill program is planned.
CorporateNorthstar Commences Borehole Geophysics Program at Miller Gold Property
A borehole Induced Polarization-Resistivity survey has begun at the 100%-owned Miller Gold Property, 18 km southeast of Kirkland Lake, Ontario, run by Abitibi Geophysics Inc. Seven boreholes totaling 2,100 metres will be surveyed near the Allied Syenite to support step-out targeting of intercepts including 6.6 g/t Au over 117 m and 1.43 g/t Au over 118.5 m. Completion is expected by the end of May, with results feeding a Phase III drill program. An Allied Syenite Exploration Target model from Ronacher McKenzie Geoscience and SRK Consulting is expected in early June 2022.
Drill resultsNorthstar Expands Bryce Gold Property Acquires Historic Britcanna Mining Lease
An option agreement has been signed to acquire a 100% interest in the 161-hectare Britcanna Property Mining Lease, 47 km south of Kirkland Lake, Ontario, which is encompassed by Northstar's Bryce Gold Property. Terms include $18,000 cash and $15,000 in shares on signing, staged payments of $20,000, $22,000 and $25,000 plus $20,000, $35,000 and $30,000 in shares over three anniversaries, a $5,000 annual advance minimum royalty for 10 years, and a 2.0% NSR to the vendors, 1% purchasable for $1.0 million. Northstar also completed an NI 43-101 technical report on Bryce, which recommends a $528,500 exploration program.
AcquisitionNorthstar Files Ni43-101 Technical Report on Bryce Gold Property, Ontario
An independent NI 43-101 technical report has been completed for the 100%-owned, 4,650-hectare Bryce Gold Property, 47 km south of Kirkland Lake, Northeastern Ontario, prepared by Ronacher McKenzie Geoscience and filed on SEDAR. QP Trevor Boyd recommends a $528,500 exploration program including geological modeling and diamond drilling at the Sunday Creek and Pike Lake areas. Northstar says options to advance the property include a possible earn-in agreement or spin-out transaction. A 2021 mapping program collected 300 rock grab samples.
Study resultsNorthstar to Define Allied Syenite Bulk Tonnage Gold Zone Exploration Target at Miller Gold Property
Ronacher McKenzie Geoscience Inc. and SRK Consulting (Canada) Inc. have been commissioned to develop tonnage and gold grade range estimations within an Exploration Target model for the near-surface Allied Syenite Bulk Tonnage Gold Zone at the 100%-owned Miller Gold Property, 18 km southeast of Kirkland Lake, Ontario, with the work expected to take 4 weeks. The zone measures 350 m by 200 m at surface and has been drilled with 6,332 metres in 22 holes to date. DGI Geoscience Inc. has also been commissioned for acoustic and optical televiewer surveying of additional drill holes.
Drill resultsNorthstar Expands Allied Syenite Gold Zone Drills 4.0 g/t Au over 50.6 metres (Incl. 7.7 g/t Au Over 24 metres) at Miller Gold Property
Final results from the Phase IIB drill program at the 100%-owned Miller Gold Property, 18 km southeast of Kirkland Lake, Ontario, include hole MG21-70 grading 4.0 g/t Au over 50.6 metres from 72.4m, including 7.73 g/t Au over 24 metres, plus 2.3 g/t Au over 8.0 metres in the Independence Fault Zone east branch. The program totalled 2,495 metres in 14 holes; MG21-66 in Area E returned 418 g/t Ag, 0.15% Cu and 0.29% W over 1.5 metres. The Allied Syenite Gold Zone now measures 350 by 200 metres.
Drill results