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Northstar - Novamera Sign Letter of Intent to Surgically Mine High-Grade Copper at Miller Copper-Gold Property
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Northstar Gold Corp. (CSE: NSG) ...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Northstar - Novamera Sign Letter of Intent to Surgically Mine High-Grade Copper at Miller Copper-Gold PropertyVancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Northstar Gold Corp. (CSE: NSG) (\"Northstar\" or the \"Company\"), is pleased to announce the signing of a Letter of Intent (\"LOI\") with Novamera Inc. to deploy their patented Surgical Mining process from surface to mine high-grade copper from Zone 2 at Northstar's historic Cam Copper Mine1,2,3 (or the \"Cam Copper Project\", or \"Project\") situated 18 kilometres southeast of Kirkland Lake, Ontario at the Company's 100%-owned Miller Copper-Gold Property.The LOI is predicated on Novamera Inc.'s recent positive \"Zone 2 Proposed Development and Surgical Mining Evaluation Study\" (Please see Northstar News Release dated June 26, 2025) and Northstar's recently announced near surface Zone 2 Exploration Target 3D models and high-grade copper and tonnage ranges of 75,000 to 140,000 tonnes grading between 9% and 18% copper, with a conceptual average grade of 12% copper4 (Please see Northstar News Release dated June 12, 2025). Key Highlights:Novamera's Surgical Mining technology represents a transformative, data-driven approach to unlocking high-grade, steeply dipping tabular deposits, such as Northstar's Zone 2. Currently being deployed at a gold project in Newfoundland, this method significantly reduces capital expenditures (CAPEX), accelerates the time to first production, and minimizes environmental and social impacts. The LOI scope of work envisages evaluating the potential for Novamera to deploy its proprietary turnkey Surgical Mining solution (the \"Turnkey Solution\") to extract a conceptual 116,000 tonnes of Zone 2 material using 93 extraction holes over an estimated period of 31 months.5Novamera has agreed to help identify financing sources for Surgical Mining Zone 2 at the Cam Copper Project. Preliminary discussions on offtake and financing with government and private sources have already begun.Northstar plans to commission a NI43-101 reporting compliant Technical Report and Mineral Resource Estimate, including information regarding the Reasonable Prospects for Eventual Economic Extraction, on the Cam Copper Project.Northstar is committed to securing all necessary permits and approvals to advance the Cam Copper Project toward a commercial production de...