Northstar - Novamera Sign Letter of Intent to Surgically Mine High-Grade Copper at Miller Copper-Gold Property
Northstar Gold Corp. (CSE: NSG) has signed a Letter of Intent with Novamera Inc. to implement their patented Surgical Mining technology at the historic Cam Copper Mine's Zone 2, located in Kirkland Lake, Ontario. The project targets a high-grade copper deposit with an exploration target of 75,000-140,000 tonnes grading 9-18% copper.
The innovative Surgical Mining solution involves drilling large-diameter holes from the surface with minimal environmental impact. The project scope includes extracting 116,000 tonnes using 93 extraction holes over 31 months. Novamera will earn a 5% revenue share with a buyout option available to Northstar. The project requires a low upfront capital of $1.5 million, with remaining costs structured off balance sheet.
Recent drilling results, including an intercept of 14.8% copper over 2.45 metres, support the project's potential. Northstar plans to commission an NI43-101 compliant Technical Report and Mineral Resource Estimate.
Northstar Gold Corp. (CSE: NSG) ha firmato una Lettera di Intenti con Novamera Inc. per implementare la loro tecnologia brevettata di Surgical Mining nella Zona 2 della storica miniera di rame Cam, situata a Kirkland Lake, Ontario. Il progetto mira a un deposito di rame ad alto tenore con un obiettivo di esplorazione di 75.000-140.000 tonnellate con una gradazione del 9-18% di rame.
La soluzione innovativa di Surgical Mining prevede la perforazione di fori di grande diametro dalla superficie con un impatto ambientale minimo. L’ambito del progetto include l’estrazione di 116.000 tonnellate utilizzando 93 fori di estrazione in 31 mesi. Novamera otterrà una quota del 5% sui ricavi con un’opzione di acquisto disponibile per Northstar. Il progetto richiede un capitale iniziale contenuto di 1,5 milioni di dollari, con i costi rimanenti strutturati fuori bilancio.
I recenti risultati di perforazione, inclusa un’intercettazione di 14,8% di rame su 2,45 metri, confermano il potenziale del progetto. Northstar prevede di commissionare un Rapporto Tecnico conforme allo standard NI43-101 e una stima delle risorse minerarie.
Northstar Gold Corp. (CSE: NSG) ha firmado una Carta de Intención con Novamera Inc. para implementar su tecnología patentada de Minería Quirúrgica en la Zona 2 de la histórica Mina de Cobre Cam, ubicada en Kirkland Lake, Ontario. El proyecto apunta a un depósito de cobre de alta ley con un objetivo de exploración de 75,000-140,000 toneladas con una ley de 9-18% de cobre.
La innovadora solución de Minería Quirúrgica implica perforar agujeros de gran diámetro desde la superficie con un impacto ambiental mínimo. El alcance del proyecto incluye extraer 116,000 toneladas utilizando 93 agujeros de extracción durante 31 meses. Novamera obtendrá un 5% de participación en los ingresos con una opción de compra disponible para Northstar. El proyecto requiere un bajo capital inicial de $1.5 millones, con los costos restantes estructurados fuera del balance.
Los recientes resultados de perforación, incluyendo una intersección de 14.8% de cobre en 2.45 metros, respaldan el potencial del proyecto. Northstar planea encargar un Informe Técnico conforme a NI43-101 y una Estimación de Recursos Minerales.
Northstar Gold Corp. (CSE: NSG)는 Novamera Inc.와 역사적인 온타리오 커클랜드 레이크 소재 Cam 구리 광산의 Zone 2에 특허받은 Surgical Mining 기술을 적용하기 위한 양해각서(LOI)를 체결했습니다. 이 프로젝트는 9-18% 구리 함량의 75,000-140,000톤 탐사 목표를 가진 고품위 구리 광상을 대상으로 합니다.
혁신적인 Surgical Mining 솔루션은 환경 영향을 최소화하면서 지표면에서 대구경 구멍을 천공하는 방식을 사용합니다. 프로젝트 범위는 31개월 동안 93개의 추출 구멍을 통해 116,000톤을 채굴하는 것입니다. Novamera는 매출의 5%를 수익 배분받으며 Northstar가 인수할 수 있는 옵션이 있습니다. 프로젝트는 150만 달러의 낮은 초기 자본이 필요하며, 나머지 비용은 재무제표 외로 구조화됩니다.
최근 시추 결과, 2.45미터 구간에서 14.8% 구리 함량이 확인되어 프로젝트 잠재력을 뒷받침합니다. Northstar는 NI43-101 기준에 부합하는 기술 보고서 및 광물 자원 추정을 의뢰할 계획입니다.
Northstar Gold Corp. (CSE : NSG) a signé une lettre d'intention avec Novamera Inc. pour mettre en œuvre leur technologie brevetée de Mining Chirurgical dans la Zone 2 de la mine historique de cuivre Cam, située à Kirkland Lake, Ontario. Le projet vise un gisement de cuivre à haute teneur avec un objectif d'exploration de 75 000 à 140 000 tonnes avec une teneur en cuivre de 9 à 18%.
La solution innovante de Mining Chirurgical consiste à forer des trous de grand diamètre depuis la surface avec un impact environnemental minimal. Le projet prévoit l'extraction de 116 000 tonnes en utilisant 93 trous d'extraction sur 31 mois. Novamera percevra une part de revenus de 5% avec une option de rachat disponible pour Northstar. Le projet nécessite un faible capital initial de 1,5 million de dollars, les coûts restants étant structurés hors bilan.
Les résultats récents de forage, incluant une interception de 14,8% de cuivre sur 2,45 mètres, soutiennent le potentiel du projet. Northstar prévoit de commander un rapport technique conforme à la norme NI43-101 et une estimation des ressources minérales.
Northstar Gold Corp. (CSE: NSG) hat eine Absichtserklärung mit Novamera Inc. unterzeichnet, um deren patentierte Surgical Mining-Technologie in der historischen Cam Copper Mine, Zone 2, in Kirkland Lake, Ontario, einzusetzen. Das Projekt zielt auf ein hochgradiges Kupferlager mit einem Explorationsziel von 75.000-140.000 Tonnen mit einem Kupfergehalt von 9-18% ab.
Die innovative Surgical Mining-Lösung beinhaltet das Bohren von großdurchmessrigen Löchern von der Oberfläche mit minimaler Umweltbelastung. Der Projektumfang umfasst die Gewinnung von 116.000 Tonnen mittels 93 Abbaulöchern über 31 Monate. Novamera erhält einen 5%igen Umsatzanteil mit einer Kaufoption für Northstar. Das Projekt erfordert ein geringes Anfangskapital von 1,5 Millionen US-Dollar, wobei die restlichen Kosten außerbilanziell strukturiert sind.
Jüngste Bohrergebnisse, darunter ein Abschnitt mit 14,8% Kupfer über 2,45 Meter, untermauern das Potenzial des Projekts. Northstar plant die Beauftragung eines NI43-101-konformen Technischen Berichts und einer Mineralressourcenschätzung.
- Low upfront capital requirement of only $1.5M with remaining costs off balance sheet
- High-grade copper deposit with exploration target grades between 9-18% copper
- Innovative Surgical Mining technology minimizes environmental impact and mining dilution
- Recent strong drilling results including 14.8% copper over 2.45 metres
- Favorable market conditions with near-record copper prices (US$5.71/lb)
- Project still requires NI43-101 compliant resource estimate and technical report
- Current resource estimates are conceptual and not compliant with reporting standards
- 5% revenue share to be paid to Novamera unless bought out
Vancouver, 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
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
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.5
Novamera 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 decision as efficiently as possible. Novamera's innovative approach-featuring real-time reclamation and minimal water discharge can potentially streamline the regulatory pathway and accelerate project timelines.
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 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
Brian P. Fowler, Northstar President, CEO, and Director, states, "Northstar is very pleased to partner with Novamera and employ its innovative mining solution at Cam Copper Mine. Surgical Mining appears to be perfectly suited to effectively exploit Zone 2 in the near term, with nominal mining dilution and environmental impact. This proposed production arrangement minimizes upfront financial and operational risk to Northstar and leverages Novamera's extensive network of shareholders, private and government investment agencies, subject to the definition and permitting of an economic deposit. Recently announced US copper tariffs and a near-record copper price (US
"Surgical Mining is redefining what's possible in the mining industry," says Jim Hollis, CEO of Novamera. "Our method combines targeted drilling, real-time data, and automation to unlock the potential of properties like the Cam Copper project, while minimizing environmental impact and respecting local communities. This isn't just a new method; it's a new mindset for how mining can and should be done."
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.
Qualified Person
The information in this news release that relates to the Exploration Target for the Cam Copper Project is based on, and fairly represents, the available information assembled by Mr. Christopher Keech P.Geo., who is a Qualified Person as defined by NI 43-101, and member in good standing with the Professional Engineers and Geoscientists of British Columbia ("EGBC"). Mr. Keech has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Qualified Person.
Mr. Keech is the Principal Geologist of CGK Consulting Services Inc. and is independent of the Company. Mr. Keech does not hold any securities in the Company. Mr. Keech has reviewed the technical information in this news release and approves the written disclosure contained herein.
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/259713
FAQ
What is the exploration target size and grade for Northstar's Zone 2 Cam Copper Project?
How much initial capital is required for the Northstar-Novamera copper mining project?
What is Novamera's revenue share in the Northstar Cam Copper Project?
What are the recent drilling results from Northstar's Zone 2 copper deposit?
How long is the planned mining operation at Northstar's Zone 2 copper deposit?
