Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine Using Novamera Surgical Mining(TM) Technologies

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[{"type":"text","content":"Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine Using Novamera Surgical Mining(TM) TechnologiesVancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - Northstar Gold Corp. (CSE: NSG) (OTCQB: NSGCF) (\"Northstar\" or the \"Company\"), announces that Novamera Inc. (\"Novamera\") and Northstar have entered into a Memorandum of Understanding (\"MOU\", or \"Novamera MOU\") to model, develop and mine a potentially economically viable mineral resource* at the Company's 100%-owned Cam Copper Mine site (\"Project\", or \"the Project\") on the Miller Copper-Gold Property, 20 kilometres southeast of Kirkland Lake, Ontario (Figure 1). The MOU agreement sets out terms under which Novamera will secure the necessary financing to Surgically MineTM Cam Copper Project, subject to the definition and permitting of an economic deposit. This includes a multi-staged program (the \"Surgical MiningTM Program\") to test and extract material from the copper-rich, near vertical Zone 2 VMS horizon at the historic Cam Copper mine site. Zone 2 is the largest of 3 narrow, steeply dipping tabular copper horizons estimated by a previous operator to average 10% copper over a 0.85 metre true width, 42-metre strike length and a minimum 140 metre depth extent from surface1. Northstar recently drilled 4 diamond drill holes that corroborate historic Zone 2 copper widths and grade, including a 14.8% copper over 2.45 metres intercept in drill hole CC03-23 (See Northstar News Release dated Nov. 23, 2023). Zone 2 is interpreted to host Cu-rich Besshi-type volcanogenic massive sulphides including massive chalcopyrite and bornite and remains open to expansion along strike and down dip (Figure 2). The MOU provides the framework for both parties to gain a clear understanding of the value of Surgical MiningTM at the Project, as well as the necessary stages for commercial deployment and extraction.* Insufficient exploration has been carried out to define a mineral resource on the property and a qualified person has not done sufficient work to classify Cam Copper as a current mineral resource. Additional exploration including a 43-101 Technical Report, CIM and NI-43-101 reporting compliant mineral resource estimate and Preliminary Economic Assessment are required to establish the economic potential of Cam Copper.1 Ontario Ministry of Energy, Northern D...

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