Business
Boreal Gold Announces Private Placement for $150,000
Flin Flon, Manitoba--(Newsfile Corp. - September 26, 2025) - Boreal Gold Inc (CSE: BGLD) (the "Issuer") wishes to announce a non-brokered private placement to raise up to $150,000. The private placement will consist of 500,000 Flow-Through Shares at a price of $0.30 per Flow-Through Share representing total raised of $150,000.The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the...
About this update from Boreal Gold Inc.
[{"type":"text","content":"Flin Flon, Manitoba--(Newsfile Corp. - September 26, 2025) - Boreal Gold Inc (CSE: BGLD) (the "Issuer") wishes to announce a non-brokered private placement to raise up to $150,000. The private placement will consist of 500,000 Flow-Through Shares at a price of $0.30 per Flow-Through Share representing total raised of $150,000.","length":338,"tagName":"p"},{"type":"text","content":"The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the Offering will be subject to a four-month statutory hold period in Canada.","length":239,"tagName":"p"},{"type":"text","content":"The funds will be utilized for ongoing work on the Fay Lake, Melgurd Lake but mainly for the North Star gold properties.","length":120,"tagName":"p"},{"type":"text","content":"Properties","length":10,"tagName":"p"},{"type":"text","content":"The Fay Lake Property consists of 17 contiguous claims comprising of 2719 ha. lies 25km Northeast of Flin Flon, Manitoba. It is contiguous to the south with Hudbay Minerals Vamp Lake Cu-Zn-Au VMS property and also contiguous to the northeast, with the former Puffy Lake Gold mine. Fay Lake contains approximately 5 km of mapped VMS horizons similar to Vamp Lake. Separately, west of the rail line, a 9 km shear structure, presently known to contain similar mineralization as the Puffy Lake Gold deposit with samples assaying up to 14.33 g/t Au.","length":544,"tagName":"p"},{"type":"text","content":"The Melgurd property consisting of 11 mineral claims totalling 7411 ha., lies Northwest of Flin Fon Manitoba just north of the Shotts Lake copper-zinc VMS deposit in Saskatchewan. Boreal's airborne magnetic and EM survey shows both EM conductors and gradient magnetic trends of the Shott Lake horizon continuing north onto the Melgurd property in the area of a felsic volcanic package. Prospecting and mapping in the summer and fall of 2023 and 2024 have outlined an area of significant garnet and anthophyllite alteration, locally this alteration is associated with gossans.","length":579,"tagName":"p"},{"type":"text","content":"The North Star Group property, consisting of 2922 Ha in 21 contiguous claims and two mining leases is located 50 kilometres west of Snow Lake Manitoba. The Property consist of three contiguous properties w...