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Northstar Gold secures $4M for Cam Copper Project - ICYMI
Proactiveinvestors NA· 2026-01-31 14:02
Core Viewpoint - Northstar Gold Corp. has secured up to $4 million in funding from DIGITAL to advance its Cam Copper Project, utilizing innovative "surgical mining" technology developed by Novamera, which aims to minimize environmental impact while targeting high-grade mineralized zones [1][6]. Funding and Partnerships - The funding from DIGITAL, a federally funded agency, will support the implementation of surgical mining technology and is part of a larger project approved for up to $11 million, with Northstar and Novamera sharing the funding [6][7]. - Northstar has engaged in partnerships with Novamera and Micon to help absorb costs associated with the project, enhancing the financial viability of the initiative [8]. Project Details - The Cam Copper Project is located 18 km southeast of Kirkland Lake, Ontario, where Northstar previously intersected a notable interval of 14.5% copper over 2.5 meters in 2023 [2][4]. - Surgical mining involves rotary drilling techniques that allow for the direct collection of mineral cuttings, which can be sent to a mill, representing a low-impact mining approach [5]. Future Plans and Timeline - Northstar plans to conduct further infill diamond drilling in the No. 2 Zone at the Cam Copper Project, with significant assay results expected to be announced next month [9]. - The results will update the geological model, which will be reviewed by Novamera to finalize mining projections, and will be incorporated into a 43-101 report overseen by Micon for mine permitting applications [10].
Northstar Gold signs key mining tech agreement - ICYMI
Proactiveinvestors NA· 2025-11-29 13:12
Core Viewpoint - Northstar Gold Corp. has signed a master project agreement with several technology and engineering partners to advance its Cam Copper project, which is entering a critical phase with a 31-month production program in place [1][2][10]. Group 1: Partnership Details - The agreement includes collaboration with Digital, a Canadian innovation cluster established in 2018, which has supported 95 projects with a total investment value of $390 million [5][6]. - Novamera, a private Ontario company, is involved with its proprietary surgical mining technology, currently leading a $10 million program funded by Digital [7][8]. - Micon International will handle Northstar's NI 43-101 reporting requirements throughout the surgical mining program, bringing extensive experience in the mining industry since 1988 [9]. Group 2: Project Specifications - The Cam Copper project has an exploration target of between 75,000 and 140,000 tonnes of high-grade copper, with an average grade ranging from 9% to 18%, and a conceptual average of 12% copper [3][10]. - The surgical mining program is a 31-month-long process, which is crucial for the further exploration and development of the Cam Copper project [2][10]. Group 3: Future Outlook - The company is positioning itself for significant developments in 2026, indicating a strategic focus on advancing the Cam Copper project [11][12].