Borealis Mining launches 5,000-meter drill program at Sandman gold project in Nevada

  • Borealis Mining launched a 5,000-metre drill program at its Sandman Gold Project in Nevada, with drilling expected to start around June 19.
  • About 1,660 metres target metallurgical and geotechnical data to support engineering studies, mine planning, permitting, and potential development decisions.
  • Remaining drilling targets resource expansion and district exploration near existing deposits.
  • Sandman hosts 433,000 oz indicated gold at 0.73 g/t, 60,800 oz inferred at 0.58 g/t, including 300,600 oz of oxide gold.
  • A 2026 PEA outlined after-tax NPV(6%) of about USD 203 million, IRR about 105% at USD 2,600/oz, with 38,000 oz annual output over nine years.


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