Proactive - Interviews for investors

Northstar Gold taps Novamera’s surgical mining to unlock high-grade Copper at Cam Copper Mine

Episode Summary

Northstar Gold Corp CEO Brian Fowler Joined Steve Darling from Proactive to announce the signing of a Letter of Intent with Novamera Inc. to deploy its patented Surgical Mining technology at Northstar’s Cam Copper Mine, part of the company’s Miller Copper-Gold Property in Ontario. The project will target Zone 2, a high-grade copper-rich zone interpreted to host Besshi-style volcanogenic massive sulphide (VMS) mineralization, primarily chalcopyrite and bornite. The zone extends from surface to about 200 metres depth, over a 125-metre strike length and an average width of 1 metre. It remains open at depth, plunging southeast at -71 degrees along a defined VMS feeder structure. Fowler emphasized that Novamera’s Surgical Mining process is ideally suited to extract this narrow, high-grade mineralization while minimizing environmental disturbance and dilution. The technique uses large-diameter surface drilling guided by advanced hardware and software to precisely target ore zones. Broken rock is recovered directly from surface and transported to a nearby mill for processing. Once drilling is completed, the holes can be reclaimed immediately, ensuring structural support and a minimal surface footprint. Under the strategic agreement, the company is working on due diligence and implementation planning. Novamera will earn a 5% revenue share, with Northstar holding a buyout option. The initial capital requirement is modest, approximately $1.5 million, with remaining project costs structured off-balance sheet, reducing financial risk. Northstar is actively pursuing non-dilutive funding options to accelerate the start of operations. Fowler concluded that Novamera’s novel approach offers a low-impact, high-recovery solution for Zone 2 and fits well with Northstar’s broader goal of sustainable and efficient resource development. #proactiveinvestors #northstargoldcorp #cse #nsg #MiningNews #GoldDiscovery #CopperExploration #MillerProperty #KirklandLake #Investing #Gold #Copper #ProactiveInvestors #novamera