Borealis Announces First Gold Pour

Executive Summary

• Borealis Mining completed its first pour of gold‑silver doré from the newly crushed and heap‑leached oxide stockpile, producing 65.6 lb (956.7 troy oz) of doré in two bars.
• The doré has been shipped to Asahi Refining for assay, refining and eventual sale; preliminary indications suggest an approximate 50/50 gold‑silver split.
• Heap leaching continues on ~106,000 tons treated with cyanide and an additional 34,000 tons crushed but not yet leached, with a second pour expected within several weeks.

Key Details

• Production: First genuine doré pour – 65.6 lb (956.7 troy oz) split into one full bar and one partial bar.
• Assay Outlook: Preliminary results indicate roughly equal gold and silver content plus minor waste metal; final assay pending from Asahi Refining.
• Processing Volumes:
• ~106,000 tons of oxide material already treated with cyanide solution on the heap leach pad.
• Additional ~34,000 tons crushed but not yet subjected to heap leaching.
• Future Production: Carbon columns are loaded and a second pour is anticipated in “several weeks,” supporting steady near‑term revenue.
• Strategic Context: The pour marks the first gold‑silver production from fresh oxide material at Borealis, demonstrating successful optimization of crushing, trucking, leach pad operations, and cyanide processing.
• Forward Plans: Management will update the market on timing for the restart of full‑scale mining operations at the Borealis Mine in the near term.

Notable Quotes

“This is a genuine milestone for our team, the Company, and its shareholders… The result was a perfectly executed pour… Borealis stakeholders can look forward to steady revenue for the next several months…” – Andreas Steckenborn, COO

All boilerplate, forward‑looking disclaimer, and “About the Company” sections have been omitted.