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Novamera Provides Northstar Positive Cam Copper Mine Surgical Mining(TM) Evaluation - Letter of Intent in Progress
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Northstar Gold Corp. (CSE: NSG) ...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Novamera Provides Northstar Positive Cam Copper Mine Surgical Mining(TM) Evaluation - Letter of Intent in ProgressVancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Northstar Gold Corp. (CSE: NSG) (\"Northstar\" or the \"Company\"), is pleased to announce receipt of positive results from Novamera Inc.'s recently completed Cam Copper Mine \"Zone 2 Proposed Development and Surgical MiningTM Evaluation Study\" (or \"Novamera Study\"), as provided by terms of a Memorandum of Understanding (MOU) between both Companies (Please see Northstar News Release dated October 3rd, 2024). Novamara Study results are predicated on Northstar's recently announced 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% copper1 (Please see Northstar News Release dated June 12, 2025). Northstar's historic direct-shipping high-grade Cam Copper Mine (or the \"Cam Copper Project\") is situated at the 100%-owned Miller Copper-Gold Property, 18 kilometres southeast of Kirkland Lake, Ontario.2,3,4 Zone 2 Surgical MiningTM Letter of Intent Discussions in ProgressNorthstar is also pleased to announce receipt of a draft Letter of Intent (LOI) from Novamera detailing the timeline, terms and conditions for 3rd party financing, exploration, development and high-grade copper production at the Cam Copper Zone 2 Project. The Northstar-Novamera LOI will establish terms under which Novamera will work with partners to seek sources of funding to Surgically MineTM the Cam Copper Project as proposed in the Novamera Study, 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. The LOI is expected to be executed in the very near term.Novamera has developed technologies for Surgical Mining™, an innovative, data-driven mining method designed to bring steeply dipping narrow vein deposits into production. This groundbreaking approach offers a lower capital expenditure (CAPEX) and a faster path to production, while significantly reducing environmental and social impacts. Northstar is positioning to commission a NI43-101 reporting complia...