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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].
Northstar Gold inks deal with Novamera to deploy surgical mining technology at Cam Copper Project
Proactiveinvestors NA· 2025-10-09 13:23
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the company includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]