Northstar Gold Corp CEO Brian Fowler joined Steve Darling from Proactive to announce a Memorandum of Understanding with Novamera to model, develop, and mine a mineral resource at the Cam Copper Mine on the Miller Copper-Gold Property. The agreement outlines terms under which Novamera will secure financing to develop the Cam Copper Project, contingent on defining and permitting an economic deposit.
This partnership will include a multi-stage program to test and extract material from the copper-rich, near-vertical Zone 2 VMS horizon. Recent drilling by Northstar, including drill hole CC03-23, has confirmed copper grades such as 14.8% over 2.45 meters, corroborating historic data on Zone 2.
Fowler emphasized that the MOU strengthens Northstar’s position in exploring and developing the Cam Copper Project. The collaboration could lead to further agreements targeting a 3-kilometer stretch of VMS copper horizons, including the high-grade Amity and Patterson Mines on the adjacent Boston property.