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Northstar Gold ( (TSE:NSG) ) just unveiled an update.
Northstar Gold Corp. has launched a 1,200-metre diamond drilling program at its 100%-owned historic Cam Copper Mine’s Zone 2 lens in northeastern Ontario, aiming to generate a NI 43-101 mineral resource estimate and technical report on the high-grade Besshi-style VMS copper zone. The work underpins a planned “surgical mining” pilot with partner Novamera Inc., which intends to extract approximately 120,000 tonnes of copper-rich material over 31 months using large-diameter precision drilling, real-time downhole imaging and immediate backfilling to reduce dilution, surface disturbance and water discharge; with low upfront capital, a 5% revenue share to Novamera and an off-balance-sheet funding structure, the initiative could provide Northstar with a relatively low-cost, environmentally lean path to near-term production and strengthen its positioning as an early adopter of novel mining technology in the copper sector.
Spark’s Take on TSE:NSG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NSG is a Underperform.
Northstar Gold’s financial struggles, marked by no revenue and persistent losses, are major concerns impacting its stock score. Technical indicators show a bearish trend, adding to the negative outlook. Although the discovery of a new gold horizon offers some optimism, the poor valuation and financial performance weigh heavily on the overall score.
To see Spark’s full report on TSE:NSG stock, click here.
More about Northstar Gold
Northstar Gold Corp. is a Canadian exploration and development company focused on advancing high-grade copper and gold projects in Ontario. Its portfolio includes the 100%-owned historic Cam Copper Mine near Kirkland Lake, where the company is targeting volcanogenic massive sulphide (VMS) copper mineralization for potential near-term extraction using innovative, low-impact mining technologies.
Average Trading Volume: 143,893
Technical Sentiment Signal: Buy
Current Market Cap: C$5.83M
For an in-depth examination of NSG stock, go to TipRanks’ Overview page.