Northstar Gold Corp. Secures Funding for Critical Minerals Exploration at Miller Copper-Gold Property

Northstar Gold Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $254,820.03 with additional orders anticipated for a second tranche in the near future. The funding will primarily support Critical Minerals exploration and finance diamond drilling on a newly defined electromagnetic conductor measuring 350 meters long with 200 Siemens conductivity located near-surface. This conductor is positioned 600 to 900 meters southeast of the historic, high-grade Cam Copper Mine, presenting substantial potential for mineral discovery.

The exploration significance extends beyond the electromagnetic findings to recent prospecting and sampling activities that have yielded impressive results. In the area southeast of the newly defined Zone 2 Extension EM Conductor, Northstar has uncovered volcanogenic massive sulfide style copper and silver values. Samples from a historic 20-meter-long trench and muck pile situated 450 meters southeast of the Cam Copper Mine have returned copper values ranging from 12.5% to 17.9% and silver values between 10.3 g/t to 17 g/t. These high-grade findings are particularly noteworthy as they occur in proximity to recent high-grade copper drill hole intercepts.

Geological interpretation suggests these results indicate a higher concentration of chalcopyrite and potential for zone expansion at depth. The findings are viewed as possible indicators of proximity to VMS vent areas, which are often associated with significant mineral deposits. This exploration success comes at a critical time for the mining industry as global demand for copper and other critical minerals continues to grow. Copper plays a crucial role in the transition to renewable energy and electric vehicles, making new discoveries increasingly valuable for the clean energy transition.

Northstar Gold Corp. is strategically positioning to drill test the Zone 2 Extension Conductor in the third quarter of 2024. The planned drilling program aims to capitalize on the encouraging exploration results and potentially uncover significant mineral resources. The implications of successful exploration extend beyond the company to potential positive impacts on local economies through job creation and economic stimulation. New mineral discoveries in stable jurisdictions like Canada's mining sector are of increasing importance as global demand for critical minerals rises in tandem with clean energy technology adoption.

For investors and industry observers, Northstar's progress represents an opportunity to monitor early-stage development of what could potentially become a significant mineral discovery. The company's ability to secure funding in challenging market conditions demonstrates confidence in its exploration strategy and the potential of its Miller Copper-Gold Property. As the mining sector watches Northstar's advancement, success could not only boost company prospects but also draw attention to broader regional potential for critical mineral exploration, potentially impacting future critical minerals supply chains.