Boreal Gold (CSE:BGLD) has secured full ownership of the North Star Group properties in Manitoba, Canada, and the nearby Jewel Box claim after exercising its option to acquire the assets from Evolve Royalties (CSE:EVR).
The North Star Group covers 2,922 hectares across 21 contiguous mineral claims and two mining leases, approximately 50km west of Snow Lake.
Boreal says more than C$9 million ($9.1 million) has been invested in exploration at the property over the past 20 years, with six major drilling campaigns completing a total of 288 holes before the company optioned the assets from Evolve in April 2025.
This year, Boreal completed 10 drill holes as part of its 2026 exploration program.
The company also acquired the Jewel Box claim, located about 30km east of Flin Flon and 8km west of the historic Gurney gold mine, which produced about 25,000 ounces of gold in the 1930s.
Boreal met the conditions to buy the projects after spending C$350,000 on exploration within three years and making cash payments of C$50,000 over four years. The company also issued a total of 1 million common shares to Evolve as part of the option agreement.
With the option exercised and winter drilling complete, Boreal says its next exploration campaign will focus on the Fay Lake property near Flin Flon, where drilling, geological mapping, and prospecting are planned.
Boreal Gold is a Canadian junior mineral exploration company focused on mineral properties in northwest Manitoba and northeast Saskatchewan, Canada.
Write to Jackson Chen at Mining.com.au
Images: Boreal Gold
