Gold Exploration at Fay Lake Update
12 Mitchell Road
Flin Flon, Manitoba R8A 1N1
Tel: 204-687-3500
Email: [email protected]
Website: BorealGold.ca
BGLD (CSE)
Boreal Gold Announces Gold Results from the Fay Property and Plans for
Commencing its North Star-Gold Rock Exploration this Fall
Fay Lake Property
Flin Flon, Manitoba, September 11, 2025 –Boreal Gold Inc (CSE:BGLD) (the “Issuer”) has
received gold assay results on the Fay Gold Showing east of the Railroad on the Fay Lake Property which
lies on the western portion of the Puffy Lake Mine style gold mineralization trend. Sample 27309 collected
in 2021 assayed 14.33 g/t gold and 65.8 g/t silver at the Fay Gold Showing. Boreal Gold returned this year
and collected several samples and the selected significant results are found in the table below:
Sample Location Rock Name Au Ag
27471 58m north of
quartz feldspar
porphyry (QFP)
Rusty quartz vein
hosted in gabbro
from 1m x 2m trench
4.07 g/t 2.6 g/t
27473 Wide (20m)
intensely altered
north portion of
QFP
Altered Quartz
Feldspar Porphyry
with 1% pyrite from
a 2m x 20m trench
410 ppb Waiting for
analysis from
the lab
27474 Locally altered
along shears in
central portion of
QFP
Sheared Quartz
Feldspar Porphyry
with 0.5-1% pyrite
from a 1m x 3m
trench
3.37 g/t 35.6 g/t
27475 Locally altered
along shears in
central portion of
QFP
Rusty quartz vein
with trace vuggy
pyrite and
chalcopyrite from a
1m x 3m trench
4.03 g/t 122 g/t
27476 Locally altered
along shears in
central portion of
QFP
Sheared Quartz
Feldspar Porphyry
with trace
arsenopyrite from a
1m x 3m trench
1.09 g/t 1.6 g/t
Samples 27474 to 27476 were collected in 2025 near the same location as sample 27309 collected
in 2021 by Boreal Gold which assayed 14.33 g/t gold . Sample 27475 collected this summer
assayed 4.03 g/t gold, 122 g/t silver, 0.13% copper and 0.25% zinc . Anomalous arsenic and lead
were also found associated with the gold. Sample 27473 assayed 410 ppb gold from a rediscovered
2m by 20m trench from the northern gossanous, altered and sheared bordered zone of the quartz
feldspar porphyry with 1% to 5% pyrite. This altered (sericite) zone, which is at least 15m wide
with 1% to 5% pyrite, was not extensively sampled this year but warrants further work given the
anomalous gold values from the gossanous sericitic north border zone. The 50 to 75 m wide
porphyry is unusual in width and continuity covering the full strike length of the grid mapped to
date. Unlike other Quartz Feldspar Porphyries in the area, it is much larger and altered and contains
significant gold, and likely earlier than other porphyries in its intrusive history. The gold bearing
porphyry with a present strike length of 600 m and open in both directions will be followed up
with additional prospecting and additional mapping to the east. Sampling is planned to discover
the extent of the porphyry and its gold bearing system and controls. The porphyry appears hosted
in gabbro where flanking sheared veins were also found containing gold. Flanking the porphyry,
Boreal Gold discover ed a new showing containing a rusty quartz vein with 1- 2% vuggy pyrite ,
which assayed 4.07 g/t gold, from a 1m x 2m trench hosted in gabbro located 58 meters north of
this altered sheared quartz feldspar porphyry.
Further, on the east portion of the property directly south of the Puffy Lake Gold Mine, Boreal
Gold also plans this fall to investigate and sample several sites reported at Koscielny Lake to
contain significant gold. Here mineralization contained values of up to 11.81 g/t Au (0.38 oz/ton
Au) over one meter (J. Pearson, Sept. 4, 2024, National Instrument 43-101 Fay Lake technical
report).
North Star – Gold Rock Property
With gold presently over $3,600 US and over $5,000 Canadian per ounce, Boreal Gold will
continue its focus on gold by also exploring the North Star Property this fall that was recently
optioned from Voyageur Mineral Explorers Corp (CSE:VOY), (see April 17, 2025 news
release).
Since 2003 the "North Star Group Property" became an advanced exploration property where
more than $9 million has been spent on it in the last 20 years with the following work completed:
• Five major drilling programs, 135 drill holes at North Star and 143 drill holes at Gold
Rock
• Ramp access and underground development and sampling;
• Large surface blast hole sampling and trenching together with extensive assaying for
gold, trace elements and whole rock geochemistry. Average grade from blast holes and
trench faces was over 0.35 oz/t gold. (Foran Mining Corporation (FOM) Press Release
April 16, 2003). Gold on April 16, 2003 was $332.60 to 333.40 oz
(https://www.usagold.com/daily-gold-price-history/) compared to over $3600/oz US or
greater than $5000/oz Canadian today.
• Extensive metallurgical testing at Lakefield established 85% recovery of gold by gravity
alone. LR10572-002-Progress Report #1(Foran Mining Corporation (FOM) Press
Release May 3, 2003).
• A large grid covers the gold shear with mapping, prospecting and geophysical surveys
carried out. The Shear is still open to the north and south and the grid can be extended to
follow the shear on strike (unexplored). The shear zone in between the Gold Rock and
North Star deposits has seen little drilling.
• There is a two km of all-weather road to the North Star site, as well as 15 km of the
Dickstone road being brought back to all weather road status with creek crossings
improved and adjoining swamps lowered to improve road quality plan for this summer.
• Numerous environmental surveys were completed, including: ungulate, rare plant, raptor,
fish surveys and other surveys required for the establishment of tailings facilities.
• A digital topographical airborne survey was carried out over the main area of the vein,
and potential areas for tailings disposal and water intake.
• Camp site and storage areas were established and permitted. These permits are still valid
as is the road permit. A mill foundation; a concrete slab shop floor and a water waste
disposal pond were completed.
• A VTEM survey was carried out over the entire claim group in 2010.
Since 2007 to 2017 the property was extensively explored by mapping, prospecting and drilling
(143 Diamond Drill Holes) where Copper Reef Mining Corporation (subsequently Voyageur
Mineral Explorers Corp.) concentrated on the northern portion of the structure (Gold Rock and
Richard Veins). Here the Gold Rock vein was further outlined by mapping and 4 drill programs
to be at least 400 m long and the new Richard vein 50 m. Since 2018 the property has remained
idle. Boreal Gold Inc. plans to continue where Copper Reef left off on expansion of the Gold
Rock Vein along strike and at depth as well as new targets on the North Star Vein on the same
structure to the south. A drill plan for Gold Rock has already been outlined with targets on North
Star and the area in between to be contingent on this falls results. For a more detail description of
the property please refer to news release dated April 17, 2025.
Planned Program
Line cutting and refurbishing old Grids
Refurbish and recut the Grid from North of the North Star deposit on Line 46 N to Line 59 N
between Baselines 46 E and Tie Line 59 E for both mapping and drilling purposes. This portion
of the grid is almost 25 years old and overgrown to obliterated as it was cut a few years after a
forest fire.
Geological Mapping, Prospecting and Sampling
The Grids from Lines 59+50 N south to L 46 N will require geological remapping and detailed
sampling to bring it up to the standard and detail of the northern grids that cover the Gold Rock
and Richard Veins, with special emphasis on the section in between the North Star and Gold
Rock deposits.
Drilling
Selective infill drilling, as well as down plunge drilling on the Gold Rock Vein with a view of
completing a resource estimate and NI 43-101 compliant technical report (never undertaken).
Ultimately the plan is to drill off enough tonnes that the combined resource of the North Star and
Gold Rock Vein Structures, with sufficient grade, will warrant to bring it to a prefeasibility
study. Even if successful on the first pass, this objective will require a few additional drill
programs.
Qualified Person
Stephen L. Masson, M.Sc., P.Geo. is the “Qualified Person” as defined by NI 43-101 Standards
of Disclosure for Mineral Projects for these properties, has reviewed and approved the technical
disclosure contained in this news release. Mr Masson acts as a consulting geologist for the
company.
About Boreal Gold Inc
Boreal Gold Inc is a Canadian junior mineral exploration company with a specific focus on mineral
properties in northwest Manitoba and northeast Saskatchewan, Canada. All of the Issuer’s properties are
currently at the exploration stage. The Issuer has assembled a portfolio of base metal and precious metal
prospects in strategic locations in the Provinces of Manitoba and Saskatchewan.
Boreal Gold Inc
“signed”
Richard Masson
President & CEO
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the
adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals,
including words to the effect that the Issuer or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions, by their very nature, they involve
inherent risks and uncertainties.