The Sandman Project
advanced exploration & development gold project in Nevada
with near-term production potential
This acquisition marks a major milestone for Borealis, significantly enhancing our future production profile with the addition of the high-quality Sandman gold project. By leveraging the synergies between Borealis and Sandman, we are not only strengthening our Nevada asset base but also optimizing capital efficiency and accelerating our path to meaningful gold production. With a robust portfolio of advanced and exploration stage projects, Borealis is well positioned to deliver long-term value for our shareholders in one of the world’s most prolific jurisdictions. We welcome the new shareholders to the Borealis journey and look forward to advancing Sandman towards a feasibility study and eventual gold production.
HIGHLIGHTS
Near-Term Production Potential
2023 PEA indicates ~35 – 40k oz per year production profile.
Existing Plan of Operations and water monitoring shorten permitting timeline.
Exceptional Economics
2023 PEA shows US $121M 6% NPV at US $1800 per oz Au
Low CapEx and short time to payback.
Preliminary Economic Assessment (Scoping Study) & Mineral Resource Estimate, NI 43-101 Technical Report, Sandman Gold Property, Nevada, USA” (June 9 2023) by J. Eastman et al, available on Gold Bull Resources’ SEDAR+ profile.
The Sandman PEA is preliminary in nature. There is no certainty the economic results outlined will be realized.
Resource Expansion
117 sq. km consolidated land package
Current 433k oz Au indicated & 60.8k oz Au inferred – resource remains open
Nevada Location
12 miles Northwest of Winnemucca
220 miles from Borealis’ ADR facility.
LOCATION & PROPERTY
12 mi NW of Winnemucca, NV: Highway-accessible via State Route 34
220 mi from Borealis ADR: Process loaded carbon at Borealis’ fully permitted and operational facility.
Nevada is #2 on the Fraser Institute’s Mining Investment Attractiveness Index for 2023.
117 km² Land Package: 833 mineral claims across public and private checkerboard lands
Year-Round Access & Infrastructure: State-maintained roads, power from NV Energy, water rights on file
Nevada’s Walker Lane Trend: Situated in one of the world’s richest gold corridors
The Sandman property is located on a checkerboard mix of public and private lands. The property consists of 833 mineral claims within the 117 km² total land package with highly economic defined resources that are open for expansion.
Sandman Exploration Potential
Significant upside given Sandman’s considerable underexplored nature and massive land package
All deposits open for expansion, with only one feeder currently identified
Gravity image shows significant gold bearing in the Northwest and North-South Trends
Historical exploration focused on “low hanging fruit” topographic highs – significant potential present below alluvial pediment
About Borealis Mining Company Ltd.
Borealis Mining Company operates in Nevada, the world’s top rated mining jurisdiction as ranked by the Fraser Institute. The company owns and operates the Borealis mine located just outside of the town of Hawthorne, Nevada. The company has an exceptional Board and Management team with proven success in mining exploration and the mining industry.
About The Borealis Project & Mine
The 100% owned Borealis mine is fully equipped for present mine operations and future expansion: access, workforce, power, water and permits. It is an under explored property and has had no exploration since 2008. Borealis is located in one of Nevada’s most productive gold belts, with strong historical drilling results and multiple high-priority targets.
Contact Information
Borealis Mining Company Ltd.
217 Queen St W #401,
Toronto, ON M5V 0R2
Kelly Malcolm
CEO & Director
kmalcolm@borealismining.com
The scientific and technical information on this website has been reviewed and approved by Iain Campbell, P.Geo., VP of Exploration at Borealis Mining Company, a Qualified Person as defined by NI 43-101.