Mining

Northstar expands position in Kirkland Lake area, stock up

Past exploration efforts on the Rosegrove claims have been hampered by the overlain clay, sand and glacial deposits in the area.

However, modern day remote sensing and geophysical survey techniques are able to detect blind gold deposits masked by glacial cover in similar settings, according to the company. It plans to conduct a drone magnetometer and LIDAR survey over the Rosegrove property in early 2021.

Northstar recently completed a 28-hole (5,023 m) diamond drill program at the Miller property, highlighted by drill intersections of 31.1 g/t Au over 0.7 m and 15.1 g/t Au over 0.8 m.

Shares of Northstar Gold surged 29.1% on the CSE by 1 p.m. EST Monday, giving the Canadian gold junior a market capitalization of C$10.9 million.

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