Boreal Gold Inc. CSE:BGLD

Boreal Gold Secures 100% Ownership of the High-Grade North Star Group of Properties West of Snow Lake, Manitoba

Published

Source: Yahoo Finance

Flin Flon, Manitoba--(Newsfile Corp. - July 7, 2026) - Boreal Gold Inc. (CSE: BGLD) ("Boreal") is pleased to announce that it has fulfilled the terms of the option agreement (the "Agreement" and/or the "Option") with Evolve Royalties Ltd. (formerly known as Voyageur Mineral Explorers Corp.) ("EVR" or the "Optionor"), whereby Boreal has exercised its option to acquire a 100-per-cent interest in EVR's North Star Group properties, consisting of 2,922 Ha in 21 contiguous claims and two mining leases, located 50 kilometres west of Snow Lake Manitoba, as well as the Jewel Box claim located 30 km east of Flin Flon (collectively, the "Property").

The acquisition of the high-grade gold Properties represents a strategic milestone and growth opportunity for Boreal. This key asset, building upon over $9,000,000 of previous exploration, development and environmental work, will be one of the major endeavours in potentially acquiring significant gold resources, through well planned exploration that will be focused on stepped incremental advances towards feasibility with the aim of full development.

Previous Work

Since 2003 the North Star Group property became an advanced exploration property where more than $9 million has been spent on it in the last 20 years with the following work completed: (Boreal's April 17, 2025 News Release).

  • Six major drilling programs, 135 drill holes at North Star and 153 drill holes at Gold Rock

  • Ramp access and underground development and sampling;

  • Large surface blast hole sampling and trenching together with extensive assaying for gold, trace elements and whole rock geochemistry. Average grade from blast holes and trench faces was over 0.35 oz/t gold. (Foran Mining Corporation (FOM) Press Release April 16, 2003). Gold on April 16, 2003 was $332.60 to 333.40 oz (https://www.usagold.com/daily-gold-price-history/) compared to over $4000/oz US or greater than $5500/oz Canadian today.

  • Extensive metallurgical testing at Lakefield established 85% recovery of gold by gravity alone. LR10572-002-Progress Report #1(Foran Mining Corporation (FOM) Press Release May 3, 2003).

  • A large grid covers the gold shear with mapping, prospecting and geophysical surveys carried out. The Shear is still open to the north and south and the grid can be extended to follow the shear on strike (unexplored). The shear zone in between the Gold Rock and North Star deposits has seen little drilling.

  • There is a two km of all-weather road to the North Star site, as well as 15 km of the Dickstone road being brought back to all weather road status with creek crossings improved and adjoining swamps lowered to improve road quality plan for this summer.

  • Numerous environmental surveys were completed, including: ungulate, rare plant, raptor, fish surveys and other surveys required for the establishment of tailings facilities.

  • A digital topographical airborne survey was carried out over the main area of the vein, and potential areas for tailings disposal and water intake.

  • Camp site and storage areas were established and permitted. These permits are still valid as is the road permit. A mill foundation; a concrete slab shop floor and a water waste disposal pond were completed.

  • A VTEM survey was carried out over the entire claim group in 2010.