Mr. Zen
4月前
Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company") is pleased to announce that it along with its consortium partners has received approval to access up to $4.0 million in total co-investment funding from DIGITAL - Canada's Global Innovation Cluster for digital technologies to support Northstar's Cam Copper Surgical Mining for Critical Minerals Project (the "Project"), led by Novamera Inc. The Project aims to apply Novamera's innovative Surgical Mining™ approach to accelerate the production of critical minerals in a faster, more sustainable manner. Northstar is participating in the Project as a consortium partner alongside Novamera and Micon International Limited.
This approval follows the Company's previously announced disclosure that the Project was approved by DIGITAL under its Future of Mining and Energy ("FoME") program. Under the program, Northstar expects to receive up to approximately $1.8 million net of fees and adjustments, in co-investment funding. The total net funding represents approximately 30% of total Project-approved expenditures of approximately $11.0 million and is payable over the Project term to the three Project partners-Novamera, Northstar, and Micon International Limited-against eligible expenditures. The Project is focused on advancing Novamera's proprietary Surgical Mining technology for the sustainable extraction of critical minerals, including copper. Subject to partner confirmations and final DIGITAL approvals, Northstar expects to receive its first reimbursement of eligible Project expenditures of approximately $300,000 on or before mid-April 2026.
Northstar's approved contribution will support the application of Novamera's Surgical Mining technology at its 100%-owned Cam Copper Project near Kirkland Lake, Ontario. Building on Novamera's successful field demonstration, Northstar intends to advance a low-impact, precision mining approach to critical minerals by directly targeting mineralized zones from surface using large-diameter rotary drill holes. The program is designed to generate direct-shipping copper mill feed while significantly reducing waste, surface disturbance, capital intensity, and permitting timelines relative to conventional underground mining methods.
"This co-investment represents an important execution milestone as we advance the Cam Copper Surgical Mining™ pilot toward permitting and potential deployment," said Brian Fowler, P.Geo., President, CEO and Director of Northstar Gold Corp. "Partnering with Novamera, Micon, and DIGITAL positions Northstar at the forefront of next-generation mining technologies while maintaining a disciplined, capital-efficient development strategy."
The Cam Copper Project is expected to proceed in phased stages, subject to the terms of the applicable consortium and project agreements, with work anticipated to focus on advanced subsurface imaging, real-time orebody modelling, metallurgical validation, and regulatory engagement under Ontario's critical minerals framework. This is reflected in Northstar's recently signed definitive Master Project Agreement (Please see Northstar News Release dated November 24, 2025).
Mr. Zen
7月前
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), is pleased to announce that the Company has signed a Master Project Agreement (or "MPA") with DIGITAL - Canada's Global Innovation Cluster for digital technologies, Novamera Inc. and Micon International Limited, as part of a larger project providing partial funding to support data-driven and digital solutions as applied to Northstar's Cam Copper Surgical Mining Project. Further details will be provided in due course. Northstar's 100%-owned Cam Copper Project is located 18 kilometres southeast of Kirkland Lake, Ontario.
Cam Copper Project Overview
Under the previously signed Definitive Surgical Mining Services Agreement (or the "Agreement") executed between Novamera and Northstar on October 9, 2025, Novamera will deploy its turnkey precision-mining solution to extract approximately 120,000 tonnes of copper-rich material from Northstar's Cam Copper Project over a 31-month pilot window, using real-time downhole imaging, robotic drilling, and immediate backfilling to minimize surface disturbance and water discharge. The Agreement is predicated on Novamera's recent positive "Zone 2 Proposed Development and Surgical Mining Evaluation Study" (Please see Northstar News Release dated June 26, 2025) of Northstar's near surface Zone 2 Exploration Target, with tonnages ranging between 75,000 to 140,000 tonnes and grades ranging between 9% and 18% copper, with a conceptual average grade of 12% copper1 (Please see Northstar News Release dated June 12, 2025).
Novamera's innovative and proven Surgical Mining approach requires no blasting, generates less waste rock, and utilizes a closed-loop water system that results in minimal water discharge, a smaller environmental footprint, and can potentially streamline the regulatory pathway, which can accelerate project timelines, significantly lower costs, while simplifying permitting and reclamation (Please see Globe and Mail article dated November 6, 2025). This is facilitated by rotary drilling large-diameter holes from the surface, targeting Zone 2 high-grade copper mineralization. The resulting broken mineralized rock is recovered and shipped directly to a nearby mill for processing. The process includes data-driven hardware and software solutions that guide the robotic drilling process and minimize dilution. Once drilled, the holes can be immediately backfilled with broken waste rock to provide structural support to the mine with a minimal environmental footprint on surface.
Northstar and Novamera have entered into a strategic agreement for the Cam Copper Project, with due diligence and implementation planning underway over the next several months. Novamera will earn a 5% revenue share from the Project. With a low upfront capital requirement of approximately US $1.5 million and the remainder of project capital costs structured off balance sheet, Novamera's approach offers an attractive risk-adjusted return profile2.
Footnotes
1 The above Exploration Target range in tonnes and grade highlights the exploration potential of Cam Copper No. 2 Zone. The quantity and quality are purely conceptual in nature. Insufficient exploration has been carried out to define a mineral resource on the property and a Qualified Person has not done sufficient work to classify the Cam Copper Exploration Target projection as a current mineral resource. These values cannot and should not be relied upon are only included herein as an indication of potential mineralization on the Property. Additional exploration including a NI 43-101 Technical Report, CIM and NI-43-101 reporting compliant mineral resource estimate and Preliminary Economic Assessment are required to establish the economic potential of Cam Copper No. 2 Zone. It remains unclear whether a mineral resource will be delineated on the Property.
2 The above scope of work is a preliminary conceptual estimate based on early-stage evaluation and does not constitute a production decision. A NI 43-101 reporting compliant Mineral Resource Estimate and supporting Technical Report are required to determine whether the Project has Reasonable Prospects for Eventual Economic Extraction.
Management Commentary
Brian P. Fowler, P.Geo., President, CEO and Director, stated:
"The DIGITAL Master Project Agreement provides a strategic funding endorsement and validation of Novamera's ground-breaking Surgical Mining approach and copper production potential at Northstar's Cam Copper Project. This Agreement positions all project partners to produce Ontario critical minerals responsibly and profitably with a modest environmental footprint."
"This project underscores the growing support for innovation in the mining industry and the urgent need to bring new supplies of critical minerals online faster," says Jim Hollis, CEO of Novamera. "Copper is at the heart of the energy transition, and Surgical Mining has the potential to provide a faster pathway to production while radically reducing environmental impact."
Mr. Zen
11月前
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), is pleased to announce receipt of positive results from Novamera Inc.'s recently completed Cam Copper Mine "Zone 2 Proposed Development and Surgical MiningTM Evaluation Study" (or "Novamera Study"), as provided by terms of a Memorandum of Understanding (MOU) between both Companies (Please see Northstar News Release dated October 3rd, 2024).
Novamara Study results are predicated on Northstar's recently announced Zone 2 Exploration Target 3D models and high-grade copper and tonnage ranges of 75,000 to 140,000 tonnes grading between9% and 18% copper,with a conceptual average grade of 12% copper1 (Please see Northstar News Release dated June 12, 2025). Northstar's historic direct-shipping high-grade Cam Copper Mine (or the "Cam Copper Project") is situated at the 100%-owned Miller Copper-Gold Property, 18 kilometres southeast of Kirkland Lake, Ontario.2,3,4
Zone 2 Surgical MiningTM Letter of Intent Discussions in Progress
Northstar is also pleased to announce receipt of a draft Letter of Intent (LOI) from Novamera detailing the timeline, terms and conditions for 3rd party financing, exploration, development and high-grade copper production at the Cam Copper Zone 2 Project. The Northstar-Novamera LOI will establish terms under which Novamera will work with partners to seek sources of funding to Surgically MineTM the Cam Copper Project as proposed in the Novamera Study, subject to the definition and permitting of an economic deposit. This includes a multi-staged program (the "Surgical MiningTM Program") to test and extract material from the copper-rich, near vertical Zone 2 VMS horizon at the historic Cam Copper mine site. The LOI is expected to be executed in the very near term.
Novamera has developed technologies for Surgical Mining™, an innovative, data-driven mining method designed to bring steeply dipping narrow vein deposits into production. This groundbreaking approach offers a lower capital expenditure (CAPEX) and a faster path to production, while significantly reducing environmental and social impacts.
Northstar is positioning to commission a NI43-101 reporting compliant Technical Report and Mineral Resource Estimate, including information regarding the Reasonable Prospects for Eventual Economic Extraction, on the Cam Copper Project.
High Grade Cam Copper Zone 2 Exploration Target
Northstar's recently reported Zone 2 Exploration Target is projected to contain between 75,000 and 140,000 tonnesgrading between9% and 18% copperwith a conceptual average grade of 12% copper1 (Please see Northstar News Release dated June 12, 2025 and Figures 1 and 2). The Exploration Target study is based on statistical evaluation of 15 mineralized drill core intercepts of Zone 2 and predicated on 3D geological and block models developed this spring by Caracle Creek Consulting Inc. and CGK Consulting Services Inc., respectively. The geological and block models define the Zone 2 Exploration Target as a continuous northwest-trending, steeply-dipping tabular zone of high-grade copper sulphide mineralization (Figures 1 and 2).
Zone 2 is interpreted to host Cu-rich Besshi-type volcanogenic massive chalcopyrite and bornite mineralization, extending from surface to approximately 200 metres depth, spanning approximately 125 metre strike length and averaging 1 metre in width. High-grade Zone 2 mineralization remains open to depth, plunging at -71 degrees southeast along an interpreted VMS feeder zone.
Zone 2 is the largest of 3 narrow, steeply dipping tabular copper horizons with an historic estimate by a previous operator to average 10% copper over a 0.85 metre true width, 42-metre strike length and a minimum 140 metre depth extent from surface2. Northstar's 2023 and 2024 Zone 2 drilling (7 holes), including an intercept of 14.8% copper over 2.45 metres in drill hole CC-03-23 (Please See Northstar News Release dated Nov. 23, 2023), and Zone 2 Exploration Target results corroborate these historic estimates.
1 The above Exploration Target range in tonnes and grade highlights the exploration potential of Cam Copper No. 2 Zone. The quantity and quality are purely conceptual in nature. Insufficient exploration has been carried out to define a mineral resource on the property and a Qualified Person has not done sufficient work to classify the Cam Copper Exploration Target projection as a current mineral resource. These values cannot and should not be relied upon are only included herein as an indication of potential mineralization on the Property. Additional exploration including a 43-101 Technical Report, CIM and NI-43-101 reporting compliant mineral resource estimate and Preliminary Economic Assessment are required to establish the economic potential of Cam Copper No. 2 Zone. It remains unclear whether a mineral resource will be delineated on the Property.
2 Ontario Ministry of Energy, Northern Development and Mines and Mines Assessment File #KL-0843, Prospectus of Fidelity Mining Investments Ltd. 1962
3 Ontario Ministry of Energy, Northern Development and Mines Mineral Deposit Inventory Record MDI31M13NW000154: Tretheway-Ossian- 1981, Ch.H. Cameron-1981
4 Ontario Ministry of Energy, Northern Development and Mines and Mines Assessment File #KL-0259, Tretheway-Ossian (Cam Copper Mine). 1961
Cannot view this image? Visit: https://images.newsfilecorp.com/files/6839/256858_ea3b4bbc749e2910_002.jpg
Figure 1. Cam Copper Mine Zone 2 Exploration Target and Extension Drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6839/256858_ea3b4bbc749e2910_002full.jpg
Cannot view this image? Visit: https://images.newsfilecorp.com/files/6839/256858_ea3b4bbc749e2910_003.jpg
Figure 2. 3D Block Model and Cu Grade (%) of Cam Copper Zone 2 Exploration Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6839/256858_ea3b4bbc749e2910_003full.jpg
Qualified Person
The information in this news release that relates to the Exploration Target for the Cam Copper Project is based on, and fairly represents, the available information assembled by Mr. Christopher Keech P.Geo., who is a Qualified Person as defined by NI 43-101, and member in good standing with the Professional Engineers and Geoscientists of British Columbia ("EGBC"). Mr. Keech has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Qualified Person.
Mr. Keech is the Principal Geologist of CGK Consulting Services Inc. and is independent of the Company. Mr. Keech does not hold any securities in the Company. Mr. Keech has reviewed the technical information in this news release and approves the written disclosure contained herein.
About Northstar
Northstar's primary exploration focus is to advance and expand the near-surface, Allied Gold Zone bulk- tonnage gold-telluride deposit and more recently discovered VMS copper mineral deposits on the Company's flagship, 100%-owned Miller Copper-Gold Property. The Company's strategy is to develop a material (+1M ounce gold / high-grade copper) mineral resource base to supplement a nearby mining operation or support stand-alone mining operations at the Property.
Other Properties
Northstar has 3 additional 100%-owned exploration projects in northern Ontario, including the 1,150 ha Rosegrove Property, situated 0.5 km from the Miller Property, the 4,650 ha Bryce Gold Property (includes the recently optioned Britcanna Lease), an intrusive-gold / PME VMS project located along the projected east extension of the Ridout Break, and the Temagami-Milestone Cu-Ni-Co Critical Minerals Property located in Strathcona Township. Northstar is seeking exploration partners to advance all 3 properties.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
bfowler@northstargoldcorp.com
Cautionary Note Regarding Forward-Looking Statements
All statements, other than statements of historical fact, contained in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking statements include, but are not limited to, disclosure regarding the completion of the Offering and potential gross proceeds to be raised pursuant thereto, the receipt of all applicable regulatory approvals, the prospective nature of the Company's property interests, exploration plans and expected results, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; planned use of proceeds, expenditures and budgets and the execution thereof. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the receipt of applicable regulatory approvals. availability of financing, the assumed long-term price of gold, that the current exploration and other objectives concerning its mineral projects can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; the continuity of the price of gold and other metals, economic and political conditions and operations; the prospective nature of the Company's properties, availability of financing, and that general business and economic conditions will not change in a materially adverse manner.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NSG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks and uncertainties related to the completion of the Offering as presently proposed or at all, the failure to obtain all applicable regulatory approvals; actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties are not, and should not be construed as being, exhaustive.
Although NSG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date hereof and NSG assume no obligation to update any forward-looking statements, except as required by applicable laws.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256858