Kelly Malcolm, President and CEO of Borealis Mining (TSX.V: BOGO – FSE: L4B0) joins me to discuss results from the recent 3,500 meter drill program at the Borealis Project in Nevada. The results released on November 14th were from the Graben Deposit, revealing headline numbers of over 4 g/t gold over 21 meters and 2.25g/t gold over 99 meters.
I have Kelly recap the project’s historical resources, including a 2011 pre-feasibility study (PFS), and plans for future mining operations. We also cover the recent expansion of the Borealis property through staking and other companies that hold land in the area, like Headwater Gold and Heckla.
Kelly outlines Borealis’s M&A strategy focusing on acquiring smaller, high-margin assets and achieving quicker cash flow, as well as the Company’s financial position and continued gold production from the oxide heap leach operation. Upcoming news on drilling results, gold production, and potential acquisitions are also highlighted.
Please email me any follow up questions you have for Kelly. My email address is Fleck@kereport.com.
Click here to visit the Borealis Mining website to learn more about the Company.