NSGCF - Northstar Gold closes of first tranche of financing and key grant from Ontario Government

(NewsDirect)

Northstar Gold Corp's CEO, BrianFowler joined Steve Darling from Proactive to provide an update on thecompany's recent financing and exploration activities. The companyhas successfully closed the first tranche of its non-brokered privateplacement, raising nearly $400,000 in funds. These funds will beallocated to support exploration efforts on several of Northstar'sproperties, with a specific focus on the historic high-grade CamCopper Mine, located within the 100%-owned Miller Gold Property.

Fowler explained that the companyplans to conduct a down-hole EM geophysical survey from the 2023 Camdrill holes in early 2024. Geophysical anomalies identified throughthis survey will be drill-tested as part of a Phase II Cam Copperdiamond drill program scheduled for late February/early March 2024.

In addition to this financingsuccess, Fowler shared that Northstar Gold Corp has received anexploration grant from the Ontario Ministry, amounting to up to$80,532.50. This grant covers 50% of the company's criticalminerals exploration expenditures at the Rosegrove Property, situatedjust south of Kirkland Lake, Ontario. The Rosegrove Property is highlyprospective for shear and alkaline intrusion-related copper-golddeposits.

Northstar is eagerlyanticipating the results of recently completed LiDAR and Mobile MetalIon soil surveys at this property in early 2024.

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Proactive Canada

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