EXPLORATION & DEVELOPMENT

Northstar shines on Miller results

Recently-listed explorer Northstar Gold has reported highlights including 118.5m at 1.4g/t gold from 54m, at its flagship Miller project in Ontario.

Staff reporter
 Northstar Gold’s Miller project near Kirkland Lake in Ontario

Northstar Gold’s Miller project near Kirkland Lake in Ontario

The company describes Miller, which lies 18km south of Kirkland Lake Gold's Macassa mine, as "a Macassa/Sigma/Lamaque lookalike".

It said its recently completed phase one drill programme had not only expanded the near-surface, high-grade gold mineralised zone but also discovered additional near-surface zones, indicating the potential to define NI 43-101 compliant bulk tonnage mineralisation.

"We look forward to a substantial phase two drill programme this Fall to significantly enlarge this zone, further test the Planet and Meilleur Syenites and other newly-defined high-grade exploration targets associated with the main, as-of-yet untested Catharine Fault First Order feeder structure," president and CEO Brian Fowler said.

The company also engaged GoldSpot Discoveries to process its geophysical data and augment its efforts to define deeper drill targets.

Northstar started exploring Miller in 2012.

In 2016, it mined a 932 tonne bulk sample from the historical Vein 1 which averaged 5.1g/t gold and had a 95.75% gold recovery in custom milling using cyanide leach.

The Kirkland Lake district-focused explorer operated as a private company for 11 years, before listing in January on the Canadian Securities Exchange after closing a C$3 million IPO at 30c per share on December 31.

It raised almost $1 million in March in a placement at 29c per unit.

Its shares (CSE: NSG) closed up 9.59% yesterday to 40c, capitalising it at $14 million (US$31 million).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.