Boreal Gold Raises $57,700 to Advance Exploration at Manitoba and Saskatchewan Properties

Boreal Gold Inc. ( (TSE:BGLD) ) has provided an update.

Boreal Gold Inc. has closed a non-brokered private placement raising $57,700 through the issuance of flow-through shares and units, each unit comprising a common share and a warrant exercisable over 24 months. The capital will support a 2025–26 exploration program across the Fay Lake, Melgurd Lake, and North Star properties, including further ground geophysics, line cutting and grid refurbishment, and detailed geological mapping and sampling to refine drill targets; these efforts aim to advance promising VMS and gold prospects in proximity to established deposits, potentially enhancing the company’s resource base and strategic position in the region’s mining sector.

More about Boreal Gold Inc.

Boreal Gold Inc., listed on the CSE, is a mineral exploration company focused on gold and base metal targets in Manitoba and Saskatchewan. Its key assets include the Fay Lake property near Flin Flon with volcanogenic massive sulphide (VMS) horizons and gold-bearing shear structures, the Melgurd property northwest of Flin Flon that hosts EM conductors and alteration associated with VMS-style mineralization, and the North Star Group property west of Snow Lake, which is strategically located near Hudbay Minerals’ Rail Zone copper deposit and the former Dickstone copper-zinc mine.

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