Northstar and Novamera Execute Definitive Surgical Mining Services Agreement to Advance Cam Copper Project Evaluation
Northstar (NSGCF) signed a Surgical Mining Services Agreement with Novamera to test its Turnkey Surgical Mining™ on near-surface Zone 2 at the Cam Copper Project, Ontario.
Key disclosed metrics: a conceptual Exploration Target of 75,000–140,000 tonnes grading 9%–18% Cu (conceptual average 12% Cu), a preliminary scope to extract a conceptual 116,000 tonnes via 93 extraction holes over ~31 months, and an advance payment of US $1.535 million. Novamera could earn a 5% NSR on material extracted with its Turnkey Solution. Work remains subject to permits, financing, and an NI 43-101 Technical Report to establish economic viability.
Northstar (NSGCF) ha stipulato un accordo sui Servizi di Miniere Chirurgici con Novamera per testare la sua Turnkey Surgical Mining™ su vicino alla superficie nella Zona 2 al Cam Copper Project, Ontario.
Metriche chiave divulgate: un Obiettivo di esplorazione concettuale di 75.000–140.000 tonnellate con una gradazione di 9%–18% Cu (media concettuale circa 12% Cu), un ambito preliminare per estrarre 116.000 tonnellate tramite 93 pozzi di estrazione su circa 31 mesi, e un pagamento anticipato di US $1,535,000. Novamera potrebbe guadagnare un 5% NSR sul materiale estratto con la sua Turnkey Solution. Il lavoro resta soggetto a permessi, finanziamenti e a un rapporto tecnico NI 43-101 per stabilire la redditività economica.
Northstar (NSGCF) firmó un Acuerdo de Servicios de Minería Quirúrgica con Novamera para probar su Turnkey Surgical Mining™ en la cercanía de la superficie de la Zona 2 en el Proyecto Cam Copper, Ontario.
Resultados clave divulgados: un Objetivo de Exploración conceptual de 75.000–140.000 toneladas con grado de 9%–18% Cu (promedio conceptual ~12% Cu), un alcance preliminar para extraer un 116.000 toneladas mediante 93 perforaciones de extracción en ~31 meses, y un pago inicial de US $1,535,000. Novamera podría obtener un 5% NSR sobre el material extraído con su Solución Turnkey. El trabajo queda sujeto a permisos, financiación y a un Informe Técnico NI 43-101 para establecer la viabilidad económica.
Northstar (NSGCF)는 Novamera와 Turnkey Surgical Mining™을 시험하기 위한 Surgical Mining Services Agreement를 체결했고, Cam Copper Project, Ontario의 거의 표면에 위치한 Zone 2를 대상으로 합니다.
공개된 핵심 지표: 개념적 탐사 대상량 75,000–140,000톤의 광도와 9%–18% Cu의 품위(개념적 평균 약 12% Cu), 93개의 채굴 구멍을 통해 약 31개월에 걸쳐 개념적 116,000톤의 초기 범위, 그리고 미화 1,535,000 달러의 선지급금. Turnkey Solution으로 추출된 물질에 대해 Novamera는 5% NSR을 얻을 수 있습니다. 작업은 허가, 자금 조달, 및 경제적 타당성을 입증하기 위한 NI 43-101 기술 보고서에 따라 달라질 수 있습니다.
Northstar (NSGCF) a signé un accord de Services Miniers Chirurgiques avec Novamera pour tester son Turnkey Surgical Mining™ sur une zone proche de la surface Zone 2 du projet Cam Copper, Ontario.
Principales métriques divulguées: une Cible d'exploration conceptuelle de 75 000–140 000 tonnes avec une teneur de 9%–18% Cu (moyenne conceptuelle d'environ 12% Cu), une portée préliminaire pour extraire 116 000 tonnes via 93 forages d'extraction sur ~31 mois, et un versement anticipé de US $1,535,000. Novamera pourrait obtenir un NSR de 5% sur le matériel extrait avec sa solution Turnkey. Le travail reste soumis à des permis, au financement et à un rapport technique NI 43-101 pour établir la viabilité économique.
Northstar (NSGCF) hat einen Vertrag über Surgical Mining Services mit Novamera geschlossen, um seine Turnkey Surgical Mining™ an near-surface Zone 2 des Cam Copper Projects in Ontario zu testen.
Wichtige offengelegte Kennzahlen: ein konzeptionelles Explorationsziel von 75.000–140.000 Tonnen mit 9%–18% Cu (konzeptioneller Durchschnitt ca. 12% Cu), ein vorläufiger Rahmen, um ein konzeptionelles 116.000 Tonnen über 93 Explorations-Bohrlöcher in ~31 Monaten zu extrahieren, und eine Vorauszahlung von US $1.535 Millionen. Novamera könnte eine 5% NSR auf Material erhalten, das mit seiner Turnkey Solution extrahiert wurde. Die Arbeiten stehen unter Vorbehalt von Genehmigungen, Finanzierung und einem NI 43-101 Technischen Bericht zur Feststellung der wirtschaftlichen Rentabilität.
نورث ستار (NSGCF) وقّعت اتفاقية خدمات تعدين جراحي مع نوواميرا لاختبار Turnkey Surgical Mining™ على سطح قريب في المنطقة 2 بمشروع كام كوبري، أونتاريو.
المقاييس الأساسية التي تم الإفراج عنها: هدف استكشافي مفاهيمي من 75,000–140,000 طن بدرجة 9%–18% Cu (متوسط مفاهيمي نحو 12% Cu)، ونطاق ابتدائي لاستخراج 116,000 طن عبر 93 بئر استخراج على مدى ~31 شهراً، ودفع مقدم قدره 1.535 مليون دولار أمريكي. يمكن لنوواميرا أن تحصل على 5% NSR على المادة المستخرجة باستخدام حل Turnkey. يبقى العمل خاضعاً للتراخيص، التمويل، وتقرير تقني وفق NI 43-101 لتحديد الجدوى الاقتصادية.
Northstar (NSGCF) 与 Novamera 签署了一项外科采矿服务协议，在安大略省 Cam Copper 项目近地表的 Zone 2 对 Turnkey Surgical Mining™ 进行测试。
公开的关键指标：一个概念性的 勘探目标为 75,000–140,000 吨，品位为 9%–18% Cu（概念性平均约 12% Cu），一个初步范围，通过 93 个开采孔在约 31 个月内 提取概念性 116,000 吨，以及 1.535 百万美元 的预付款。Novamera 可能就其 Turnkey 解决方案开采的材料获得 5% NSR。工作仍需获得许可、融资，并需提交 NI 43-101 技术报告以确定经济可行性。
- Exploration target of 75,000–140,000 tonnes grading 9%–18% Cu
- Preliminary extraction scope: 116,000 tonnes via 93 holes over 31 months
- Low upfront capital: US $1.535M advance with remainder structured off balance sheet
- Novamera may earn a 5% NSR on extracted material
- Exploration target is purely conceptual and not a mineral resource
- Project progress conditional on obtaining permits and project financing
- Advance payment of US $1.535M requires available cash or external funding
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), is pleased to announce the signing of a Surgical Mining Services Agreement (the "Agreement") with Novamera Inc. ("Novamera") to deploy their patented Turnkey Surgical Mining™ technology from surface to mine high-grade copper from Zone 2 at Northstar's historic Cam Copper Mine1,2,3 (the "Cam Copper Project", or "Project") situated 18 kilometres southeast of Kirkland Lake, Ontario at the Company's
The Agreement and previously signed Letter of Intent ("LOI") (Please see Northstar News Release dated July 23, 2025) is predicated on Novamera'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
Agreement Highlights
Purpose:
The Agreement provides for the deployment of Novamera's Surgical process on the near-surface, high-grade Zone 2 volcanogenic massive sulphide (VMS) horizon at Cam Copper. The objective is to determine whether the mineralization is technically and environmentally suitable for this precision, low-impact extraction method. Novamera's Surgical Mining represents a transformative, data-driven approach to unlocking high-grade, steeply dipping tabular deposits, such as Northstar's Zone 2. Currently being deployed at Great Atlantic's Golden Promise project in Newfoundland, this method significantly reduces capital expenditures (CAPEX), accelerates the time to first production, and minimizes environmental and social impacts.
Scope:
The Agreement scope of work envisages Novamera deploying 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.5
Novamera's Turnkey Solution integrates simulation, real-time downhole imaging, data analytics positioning and steering technologies with conventional large-diameter drilling to selectively extract mineralized material and subsequent void backfilling. The Agreement includes simulation, planning, permitting support, and site preparation phases leading to a potential pilot program, subject to receipt of required permits and financing.
Funding and Cost Structure:
Under the Agreement, Northstar will provide an advance payment of US
Northstar's Cam Copper Project financing strategy is underpinned by leveraging CAPEX and operational expense against future revenue by way of non-dilutive advanced royalty financing(s), government grants, offtake agreement, service provider partnership agreements and equity private placement offering(s) to position current and select new strategic investors as required. Financing efforts are ongoing, and further details will be provided in the near term.
Compensation Framework:
Should the Project proceed, Novamera would be compensated through a variable tonnage rate and monthly service fee, and, if successful, could earn a 5 percent Net Smelter Return (NSR) revenue share on future production from material extracted using its Turnkey Solution.
Right of First Refusal:
Novamera holds a five-year right of first refusal to apply its technology and the Turnkey Solution on other Miller and Boston Creek area deposits that are determined, through further evaluation, to be technically suited to Surgical Mining.
Management Commentary
Brian P. Fowler, P.Geo., President, CEO and Director of Northstar, stated: "Executing this Agreement with Novamera marks a key milestone in our effort to apply Surgical Mining to provide a low-impact, cost-effective path to evaluate and potentially extract high-grade copper at Cam Copper. This collaboration allows Northstar to advance the Project responsibly while minimizing capital risk and environmental disturbance. The results from upcoming technical work and our pending NI 43-101 Technical Report will guide the next steps toward establishing an economic framework for the Project."
Jim Hollis, CEO of Novamera, added, "We are excited to work with the Northstar team to help them unlock cash flow using our precision mining technology at Cam Copper. Our approach integrates data, sensors, automation, and robotics to quickly and sustainably unlock narrow-vein deposits with minimal footprint-offering the potential for a new standard in small-scale, responsible mineral extraction."
Next Steps
Northstar is advancing toward issuance of a Notice-to-Proceed under the Agreement by obtaining the necessary permits and project financing. The Company also intends to commission an NI 43-101-compliant Technical Report and Mineral Resource Estimate on the Cam Copper Project to formally evaluate the deposit's Reasonable Prospects for Eventual Economic Extraction before making any production or development decision.
Footnotes
1 Ontario Ministry of Energy, Northern Development and Mines and Mines Assessment File #KL-0843, Prospectus of Fidelity Mining Investments Ltd. 1962.
2 Ontario Ministry of Energy, Northern Development and Mines Mineral Deposit Inventory Record MDI31M13NW000154: Tretheway-Ossian- 1981, Ch.H. Cameron-1981.
3 Ontario Ministry of Energy, Northern Development and Mines and Mines Assessment File #KL-0259, Tretheway-Ossian (Cam Copper Mine). 1961
4 The above Exploration Target range in tonnes and grade highlights the exploration potential of Cam Copper No. 2 Zone. The quantity and quality are purely conceptual in nature. 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 the Cam Copper Exploration Target projection as a current mineral resource. These values cannot and should not be relied upon are only included herein as an indication of potential mineralization on the Property. 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 No. 2 Zone. It remains unclear whether a mineral resource will be delineated on the Property.
5 The above scope of work is a preliminary conceptual estimate based on early-stage evaluation and does not constitute a production decision. A NI43-101 reporting compliant Mineral Resource Estimate and supporting Technical Report are required to determine whether the Project has Reasonable Prospects for Eventual Economic Extraction.
Cam Copper Surgical Mining Project
The Cam Copper Mine. Zone 2 is interpreted to contain copper-rich, Besshi-style volcanogenic massive sulphide (VMS) mineralization-primarily chalcopyrite and bornite-extending from surface to a depth of approximately 200 metres, over a strike length of ~125 metres and an average width of 1 metre. The high-grade mineralization remains open at depth, plunging southeast at -71 degrees along a well-defined VMS feeder structure.
Zone 2 is the largest of 3 narrow, steeply dipping tabular copper horizons with an historic estimate by a previous operator to average
Novamera's innovative Surgical Mining solution is well-suited to exploit Zone 2 copper mineralization with minimum mining dilution and environmental impact. This is facilitated by rotary drilling large-diameter holes from the surface, targeting Zone 2 copper mineralization. The resulting broken rock is recovered and shipped directly to a nearby mill for processing. The process comprises data-driven hardware and software solutions that guide the drilling process and minimize dilution. Once drilled, the holes can be immediately reclaimed to provide structural support to the mine with a minimal environmental footprint on surface.
Northstar and Novamera have entered into a strategic agreement for the Cam Copper Project, with due diligence and implementation planning underway over the next several months. Novamera will earn a
Qualified Person
The scientific and technical information related to the Exploration Target contained in this news release has been reviewed by Christopher Keech, P.Geo., a Qualified Person as defined by NI 43-101 and Principal Geologist of CGK Consulting Services Inc., who is independent of the Company. Mr. Keech has verified that the information herein is consistent with Northstar's previously disclosed data and prior technical studies.
Cautionary Note to Investors
No mineral resource or reserve has yet been defined on the Cam Copper Project. All references to "mining," "production," "ore," or similar terms are used for descriptive purposes only and do not imply that an economic deposit has been demonstrated or that a production decision has been made. Additional exploration, engineering, and economic studies including a NI 43-101 Technical Report will be required to determine the Project's economic viability.
About Northstar
Northstar's primary exploration focus is to advance and expand the near-surface, Allied Gold Zone bulk- tonnage gold-telluride deposit and more recently discovered VMS copper mineral deposits on the Company's flagship,
Other Properties
Northstar has 3 additional
About Novamera
Founded in 2019, Novamera has developed a proprietary technology ecosystem that enables Surgical Mining, a precision, low-impact method for extracting high-value narrow-vein deposits. By integrating downhole sensors, robotics, software, and AI with standard drilling equipment, Novamera offers a capital-light, scalable solution that dramatically reduces time to production. The turnkey system unlocks stranded resources and delivers faster payback, lower costs, and improved ESG outcomes, addressing critical needs in the global supply of precious and critical minerals.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
bfowler@northstargoldcorp.com
Cautionary Note Regarding Forward-Looking Statements
All statements, other than statements of historical fact, contained in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking statements include, but are not limited to, disclosure regarding the completion of the Offering and potential gross proceeds to be raised pursuant thereto, the receipt of all applicable regulatory approvals, the prospective nature of the Company's property interests, exploration plans and expected results, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; planned use of proceeds, expenditures and budgets and the execution thereof. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "will", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the receipt of applicable regulatory approvals. availability of financing, the assumed long-term price of gold, that the current exploration and other objectives concerning its mineral projects can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; the continuity of the price of gold and other metals, economic and political conditions and operations; the prospective nature of the Company's properties, availability of financing, and that general business and economic conditions will not change in a materially adverse manner.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NSG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks and uncertainties related to the completion of the Offering as presently proposed or at all, the failure to obtain all applicable regulatory approvals; actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties are not, and should not be construed as being, exhaustive.
Although NSG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date hereof and NSG assume no obligation to update any forward-looking statements, except as required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269736
FAQ
What does the Novamera agreement mean for Northstar (NSGCF)?
How large is the Cam Copper Zone 2 exploration target disclosed by Northstar (NSGCF)?
How much will Northstar (NSGCF) pay upfront to Novamera and what is the timeline?
What compensation could Novamera receive under the NSGCF agreement?
Has Northstar (NSGCF) defined a mineral resource at Cam Copper Zone 2?
What conditions must be met before Novamera can start a pilot at NSGCF's Cam Copper?
