Northstar Gold (CSE: NSG; OTC Pink: NSGCF) has received notice that it is eligible to receive a critical minerals exploration grant from the Ontario Ministry of Mines. The amount of the grant is up to $80,532 to cover half of the company’s 2023-24 expenditures at the company’s 100%-owned Rosegrove gold property, located 11 km south of the town of Kirkland Lake, Ontario.
The Rosegrove property is highly prospective for shear and alkaline intrusion-related copper-gold mineralization. Northstar is currently awaiting eligible exploration results from recently completed LiDAR and MMI (mobile metal ion) soil surveys and bedrock prospecting at Rosegrove. The company will report results of this work early next year.
"The success of Ontario's mining sector starts with the important work that junior mining companies do during early exploration," said George Pirie, provincial minister of mines. "Through the OJEP [Ontario junior exploration] program, our government is investing to create meaningful opportunities for junior companies, like Northstar, to find the mines of the future."
Northstar acquired the Rosegrove property in November 2020. The property sits immediately north and adjacent to Northstar’s 100%-owned flagship Miller gold property. The Miller property includes the historic high-grade Cam copper mine. Grab samples recently collected from a historic muck pile and bedrock outcrops near the shaft had a weighted average grade of 14.0% copper. Northstar said one of the samples assayed 452 g/t silver as well as 31.8% copper.
More information about Rosegrove and Northstar’s other properties is posted on www.NorthstarGoldCorp.com.
April 25, 2024
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