- Northstar Gold (CSE:NSG) has defined a large, near-surface electromagnetic conductor southeast of its Cam Copper Mine in Ontario
- The Vancouver-based mining company stated it completed Pulse-EM surface EM and borehole electromagnetic (BHEM) surveys at the mine’s volcanogenic massive sulphide (VMS) trend over a 900-metre southeast strike extension
- The survey defined a strong near-surface conductor that indicated possible massive sulphide mineralization along strike, but with potentially greater thickness
- Shares of Northstar Gold Corp. opened trading at $0.040 per share
Northstar Gold (CSE:NSG) has defined a large, near-surface electromagnetic (EM) conductor southeast of its Cam Copper Mine in Ontario.
In a news release, the Vancouver-based mining company stated it completed Pulse-EM surface EM and borehole electromagnetic (BHEM) surveys at the mine’s volcanogenic massive sulphide (VMS) trend over a 900-metre southeast strike extension.
The Cam Copper Mine is a road-accessible satellite high-grade copper system 2.4 kilometres southwest of the Allied Gold Zone, an advanced, near-surface bulk-tonnage gold-telluride exploration target also being actively explored by Northstar at the Miller Property.
The mine is centred primarily on a newly recognized high-grade “Besshi-type” volcanogenic massive sulphide (VMS) copper system at the northwest end of a 0.9-kilometre-long southeast trend belt of VMS horizons.
The survey defined a strong near-surface conductor that indicated possible massive sulphide mineralization along strike and similar in composition to Cam Copper Mine Zone 2, but with potentially greater thickness. This potential “Zone 2 Extension Conductor” has a minimum 350-metre strike length and 150-metre depth extent.
The conductor is coincidental with several magnetic anomalies approximately 600 to 900 metres along strike to the southeast of the Cam Copper mine site and the team believes it could represent the southeast expansion of previously drilled Cam Copper VMS Zone 2, which returned 14.8 per cent copper over 2.5 metres in hole DDH CC03-23.
The company also signed a letter of intent that includes a six-month lock-up agreement to negotiate acquisition terms with Boston Creek Mines Ltd. for their Boston Creek Mines Property, next to Northstar’s Miller property.
Northstar Gold is primarily focused on advancing the Miller Gold Property 18 kilometres southeast of Kirkland Lake and Agnico Eagle Mine’s Macassa SMC Gold Mine.
Shares of Northstar Gold Corp. (CSE:NSG) opened trading more than 14 per cent higher at $0.040.
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