News Release
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P.O Box 2529
New Liskeard, ON
POJ 1PO
Tel: (705) 676-6476
www.northstargoldcorp.com
For Immediate Release
NORTHSTAR EXPANDS
BRYCE GOLD PROPERTY
ACQUIRES HISTORIC BRITCANNA
MINING LEASE
Vancouver, B.C., May 3 , 202 2. Northstar Gold Corp. (CSE:NSG, NSGCF:OTCQB)
(“Northstar” or the “Company”), announces the Company has signed an Option Agreement (or “the
Agreement”) to acquire 100% interest in the 161 hectare Britcanna Property Mining Lease (or “the
Property”) situated 47 km south of Kirkland Lake, Ontario.
“The Britcanna Mining Lease Option Agreement provides for the strategic acquisition of a number
of porphyry -hosted, historic high-grade gold zones and occurrences that compliment Northstar’s
Bryce Gold Property,” states Brian Fowler, P.Geo., President, CEO and Director of Northstar. “This
Agreement further consolidates Northstar’s ownership of the Britcanna Porphyry , which is highly
prospective for high-grade and low-grade bulk tonnage gold mineralization. Northstar is formulating
plans to advance the Britcanna and Bryce Gold Properties by way of surface mapping, trenching,
sampling and diamond drilling.”
Britcanna Property
The historic Britcanna Property is encompassed by Northstar’s Bryce Gold Property and is host to
lode gold, volcanogenic polymetallic sulphides and porphyry-related Au-Cu stockwork -type
mineralization within the Britcanna Porphyry intrusive stock (Figure 1). The Britcanna Porphyry is
cut by several late-stage lamprophyric alkaline dikes which are typically associated with deep seated
crustal scale regional structures such as the PVE break that transects the northern portion of
Northstar’s Bryce Gold Property and hosts numerous gold showings. Approximately 4,400 metres of
shallow drilling in 69 historic drill holes was completed on the Property by several operators between
1936 and 1998.
Multiple gold zones have been explored on the Property as early as 1937, with historic high grade
drill intercepts in the No.1 Zone of 170 g/t Au over 1.1 metres and 45.9 g/t Au over 1.5 metres
in Britcana Gold Mines Hole No.3 and 30.2 g/t Au over 1.5 metres and 38.7 g/t Au over 1.5
metres in Britcanna Gold Mines Hole No.5.** The No.1 Zone is a porphyry-hosted silicified shear
zone containing pyrite and chalcopyrite mineralization over a strike length of 50 to 75 metres and a
vertical depth of 40 metres. Remnants of a nearby two-compartment shaft sunk to explore the No. 1
Zone underground are still evident (Figure 2).
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The No.2 Zone, located 900 metres southwest of the No.1 Zone is comprised of heavy disseminated
sulphides (including chalcopyrite) within a 2 metre-wide shear zone along a contact between mafic
volcanic flows and intermediate tuff . Historic drilling intercepts in No.2 Zone include 10.4 g/t Au
over 1.5 metres and 15.1 g/t Au over 0.6 metres at a vertical depth of 90 metres,** with the Zone
apparently expanding at depth. A 20 tonne bulk sample collected in 1937 by Britcanna Gold
Mines from a surface trench on the No.2 Zone and shipped to Noranda reportedly graded 41
g/t Au* (Figure 2). More recent sampling of massive pyrite collected by Norite Exploration from a
surface trench on the No.2 Zon e assayed 4 0.7 g/t Au over 0.3 metres with a grab sample by E.E.
Campbell from the same trench grading 123g/t Au.***
Drilling on the No.5 Zone, located 250 metres southeast of the No.1 Zone by Novawest Resources
in 1998 produced broad low -grade gold intercepts in a porphyry hosted quartz stockwork that
includes 1.85 g/t Au over 5.83 metres from 43.22 metres to 49.05 metres, including 7.04 g/t Au over
1.03 metres in hole GV98-03.****
Sampling by Gold Fields Canadian Mining in 1990 on the nearby No.6 Zone yielded a sample
assaying 98.4 g/t Au over 0.15 metres. F ollow up Novawest drill hole GV98 -04 reportedly
intersected 3.54 g/t Au over 1 .1 metres from 36.57 metres to 37.67 metres with reported visible
gold.**** Novawest drill hole GV -98-07, drilled norward towards the No.6 Zone intersected a
previously unidentified, thick cherty exhalite with the presence of banded/bedded sulphides (pyrite -
pyrrhotite-sphalerite and minor chalcopyrite) within the hanging wall volcanics south of the No.6
Zone.****
* Johns, G.W. 1986: Geology of the Hill Lake Area, District of Timiskaming; Ontario Geological Survey Report 250,
100p.
** Ontario Ministry of Energy, Northern Development and Mines Assessment Report #CO-0193: "Britcanna Gold Mines
– International Bulletin, February 1, 1937" by J.C Houston M.E., Consulting Mining Engineer. Resident Geologist's Files,
Ontario Ministry of Energy, Northern Development and Mines, Kirkland Lake, Ontario
*** Ontario Ministry of Energy, Northern Development and Mines and Mines Assessment Report #CO-0195: Report on
Norite Explorations Limited Bryce Township District of Temiskaming, Ontario, June 3, 1965, by L.J. Cunningham, BSc.
P.Eng, Mining Engineer
****Novawest Resources (VSE:NVE) Press Release dated June 26, 1998.
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Figure 1. Bryce Gold Property Compilation Map with Britcanna Property
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Figure 2. Britcanna Property Compilation Map
Britcanna Property Agreement Terms
To earn a 100% interest in the Britcanna Property, Northstar has agreed to the following option terms
(All dollar amounts in CAD unless specified otherwise):
1. Cash payment of $18,000 and issuance of $15,000 in Northstar common shares upon signing.
2. On the first anniversary date of the Agreement, issue $20,000 of Common Shares of Northstar to the
Vendors and pay to the Vendors $20,000;
3. On the second anniversary date of the Agreement, issue $35,000 of Common Shares to the Vendors
and pay to the Vendors $22,000; and
4. On the third anniversary date of the Agreement, issue $30,000 of Common Shares to the Vendors and
pay to the Vendors $25,000 for a 100% interest in the Property.
5. Northstar shall pay to the Vendors an annual advance minimum royalty (“AMR”) payment of $5,000
per year for a period of 10 years once 100% of the Option has been exercised. The Parties
acknowledge that any AMR payments shall be credited in favour of Northstar against any future
Royalty payments to the Vendors.
6. The Vendors retain a 2.0% Net Smelter Return (NSR). Northstar has the right to purchase 1% of the
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NSR for $1.0 million and retains a standard right of first refusal on any proposed sale or transfer by
Vendors of the remaining 1% of the NSR.
Bryce 43-101 Technical Report
The Company has recently completed an Independent NI43-101 Technical Report for its Bryce Gold
Property (“Property”) located 47 kilometres south of Kirkland Lake in Northeastern Ontario.
Northstar commissioned Ronacher McKenzie Geoscience (“Ronacher McKenzie”) to complete the
report for the purpose of review and voluntary disclosure of relevant information about the Property
following a recent airborne LiDAR survey and Fall 2021 surface exploration program covering the
Bryce Gold Property (Northstar Gold Corp.- News Release dated April 26, 2022).
Bryce Gold Property Highlights
• 100% owned, 4,650-hectare property situated on the western extension of the Ridout Break,
65 km east of the Juby Gold Project and 35 kilometres south of Northstar’s flagship Miller
Gold Property.
• Property hosts a variety of deposit types including porphyry related Au-Cu (Sunday Creek
Porphyry), Au-rich Cu-Pb-Zn volcanogenic massive sulphides (Pike Lake Zone) and lode
gold systems within an Abitibi multi-stage Archean porphyry / volcanic centre environment.
• 22,382 metres drilled by Northstar in 68 diamond drill holes from 5 phases of drilling between
2009 and 2013, covering only a small fraction of the total Property area.
• 300 metre x 1500 metre Au-Cu Sunday Creek Porphyry (Figure 1) discovery hosts a large
scale stockwork-type Au-Cu porphyry system with widespread stringers and veins of high -
grade gold mineralization open in all directions and expanding towards surface . Drill holes
BG10-41 and BG12-65 returned 3.95 g/t Au over 5.5m , including 12.91 g/t Au over 1.5m
and 0.86 g/t Au over 80 metres (including 2.09 g/t Au over 25.5 metres), respectively and
drill hole BG13-68 averaged 1.08 g/t Au over 56 metres (including 25.13 g/t Au over 2.0
metres).
• The nearby Pike Lake Zone (Figure 1) hosts a series of stacked lenses of gold-bearing semi-
massive pyrite and sphalerite along a volcanogenic sedimentary exhalite horizon. Drill hole
intercepts include 2.36 g/t Au, 3.37 g/t Ag and 1.87% Zn over 15.9 metres, including 7.89
g/t Au, 11.18 g/t Ag and 3.77% Zn over 2.4 metres (DDH BG11-47).
• Regional fault structures such as the Palmer-Vaughn-Estival “PVE” break hosting anomalous
gold have been identified on surface , which could represent the eastern extension of the
Ridout deformation zone.
• Several large IP targets and conductors remain untested.
• Potential for substantial near surface bulk tonnage gold resource s around felsic intrusive
centers.
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• Several major, northeast-trending structures were interpreted from a 2021 LiDAR survey and
magnetic survey in the northern and western part of the Property . Follow-up prospecting,
sampling and mapping along the major northeast -trending fault (“PVE Fault”) and splays is
warranted.
• A $528,500 exploration program including geological modeling, incorporating property-wide
historic and Northstar geological data , and diamond drilling on the Sunday Creek and Pike
Lake areas to further assess gold -bearing zones is recommended by Technical Report QP
Trevor Boyd, PhD., P.Geo.
• Northstar is considering opportunities to advance the Bryce Gold Property by way of earn-in
agreement or spin-out transaction.
• The Bryce Gold Property NI43-101 Technical Report can be viewed on Northstar’s website
and SEDAR.
Qualified Person
Trevor Boyd, PhD, P.Geo., a ‘Qualif ied Person’ (Q.P.) as defined under Canadian National
Instrument NI 43-101, has reviewed technical aspects of this news release.
About Northstar Gold Corp
Northstar’s primary exploration focus is the advancement of the Company’s flagship, 100% -owned
Miller Gold Property, situated 18 km southeast of Kirkland Lake and Agnico Eagle Mine’s Macassa
SMC gold mine. The Company’s strategy is to develop a material (+1 million ounce) mineral resource
base to support a stand-alone mining operation at the Miller Gold Property.
The Miller Gold Property shares several important geological similarities with Kirkland Lake District
gold deposits, including a similar style and age of gold-telluride mineralization, similar aged rocks
and interconnected First Order controlling structures (Catharine Fault at Miller) off the Kirkland /
Cadillac Larder Breaks. The premise is that gold-telluride mineralization at the Miller Gold Property
is tapping the same magmatic gold source as the Kirkland gold deposits, which have produced over
25 million ounces of gold from 7 mines over the past 100 years.
Since going public by IPO in late 2020, Northstar has spent >$4 million in exploration at Mil ler,
resulting in the discovery of a series of broad, shallow dipping sheeted quartz -gold-telluride vein
structures in the Allied Syenite (Allied Syenite Gold Zone) and Planet Syenites and numerous +100
gram/metre drill hole intercepts.
During the perio d of August 7 th – November 4 th, 2021, Northstar completed an enhanced surface
stripping, mapping and sampling program targeting near-surface gold mineralization over the Allied
Syenite, No. 1 Vein and other areas on the Miller and recently acquired adjoining Searles Patent. In
November, 2021 the Company announced the completion of a 14 -hole, 2,495 metre Phase IIB
diamond drill program at Miller targeting expansions of the Allied Gold Zone, twinning a number of
historic No. 1 Vein drill holes on the Searles Patent and drill testing the newly discovered Area E
mineralized zone 450 metres west of the Allied Syenite.
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Recent 2021 drilling has more than doubled the surface expression (>350m X 200m) of the Allied
Syenite Gold Zone, which remains open along stri ke and at depth. As a precursor to a Mineral
Resource Estimate and for reporting purposes, the Company has commenced work to formally
document the Allied Syenite Gold Zone as an Exploration Target in Q 2 2022. This will provide the
Company and investors a conceptual tonnage and gold grade range at the Allied Syenite Gold Zone
and provide basis for continued expansion drilling and mineral resource development.
Northstar has 3 additional 100% -owned exploration projects in northern Ontario, including the
recently acquired 1,200 ha Rosegrove Property situated 0.5 km from the Miller Gold Property, the
4,650 ha Bryce Gold Property, an intrusive-gold / PME VMS project located along the projected east
extension of the Ridout Break, and the recently expanded Temaga mi-Milestone Cu-Ni-Co Property
located in Strathcona Township. Northstar recently filed a NI43-101 Technical Report on the Bryce
Gold Property and is advancing all 3 properties to enhance geological understanding and optimize
monetization opportunities.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward looking statements which involve known and unknown risks, delays,
and uncertainties not under the control of Northstar Goldcorp. which may cause actual results, performance or
achievements of Northstar Gold Corp to be materially different from the results, perform ance or expectation
implied by these forward looking statements. By their nature, forward looking statements involve risk and
uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual
results may vary depending upon exploration activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic factors.