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New Listing: Northstar Gold Corp. (CSE:NSG)

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Northstar has operated for the past 11 years as a private company focused primarily on gold exploration in the prolific Kirkland Lake District in northeastern Ontario.

Additional Information:

Company: Northstar Gold Corp.
Website: http://www.NorthstarGoldCorp.com
Stock Symbol: CSE: NSG
Date Published: Jan 2, 2020
Transcript: Available

Video Transcript:

I’m Nadika Viswakula for Investmentpitch Media

Northstar Gold Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “NSG”.

Northstar has operated for the past 11 years as a private company focused primarily on gold exploration in the prolific Kirkland Lake District in northeastern Ontario.

During this time, the Corporation raised nearly $10 million to acquire and advance a number of 100% owned gold and base-metal mining claims located on 3 properties in the Kirkland Lake region.

The company’s flagship project, the Miller Gold Property, is a historic resource and advanced exploration-stage property situated 18 kilometers southeast of Kirkland Lake Gold’s Macassa South Mine Complex in northeastern Ontario.

The Miller Gold Property has historically been the focus of a number of shallow mining ventures, including the Miller-Independence Mine during the early 1900’s.

The Property has only been partially explored near surface and shares a number of important geological similarities with Kirkland Lake Gold’s South Mine Complex and Eldorado Gold’s nearby Lamaque Project in Quebec.

The Miller Gold Property was acquired by staking in 2012 and since that time Northstar spent approximately $2 million on exploration work, including ground geophysics, geological mapping, sampling, bulk sampling and surface drilling.

This work partially validated a near-surface, historic gold estimate of 733,000 tonnes averaging approximately 11.5 grams per tonne gold for approximately 270,000 ounces gold at the historic Miller-Independence Zone.

Management cautions that this number is a historical estimate, not compliant to NI 43-101 guidelines, and is provided for information only and is not to be relied upon.

Last June, the company filed a NI 43-101 Technical Report on Sedar, which recommended a two phase exploration program with a total budget of approximately $2.2 million, designed to take the Miller Gold Property towards the mineral resource stage.

In early January 2020, the company will commence Phase I of the exploration program, having a budget of approximately $1.1 million, which will entail surface stripping, mapping, sampling, 3D I.P geophysics and 3,000 metres of diamond drilling to upgrade the historic Miller-Independence gold estimate to NI 43-101 mineral resource standards, and test a number of other near surface, high-grade vein and intrusion-hosted bulk tonnage gold targets.

The company recently completed its IPO, raising gross proceeds of approximately $3 million from the placement of approximately 10 million shares priced at $0.30 per share.

Haywood Securities and Canaccord Genuity acted as co-lead agents for the offering.

The shares are trading at $0.28.

For more information, please visit the company’s website www.NorthstarGoldCorp.com, contact Brian Fowler, President and CEO, at 604-617-8191 or by email at bfowler@NorthstarGoldCorp.com.

Investor Relations is handled by Derek Wood of Conduit IR, who can be reached at 403-200-3569 or by email at dwood@conduitIR.com.

I’m Nadika Viswakula for Investmentpitch Media