Starr Peak Mining (TSXV: STE) has expanded its currently ongoing drill program. The company this morning announced that it would be expanding its current program to 20,000 metres, while adding a third rig as it explores its NewMetal property in the Abitibi region of Quebec.
Initially pegged at 5,000 metres, the firms drill program began back in January 2021 with a single drill rig. A month later, a second rig was added to the operation following positive results from a BHEM survey conducted by the company. Meanwhile, earlier this month we saw the first results from the drill program when the company reported 23.82% zinc equivalent was intersected over 12.10 metres, among other strong results.
The company has indicated that the program was expanded largely as a result of those strong assays within the first holes drilled on the property.
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Of the three drills that will now be operating on the property, one will be targeting the new deep discovery zone at a depth of beyond 600 metres, while another is focused on systematic drilling of the Normetmar Upper zone above 400 metres of depth. The third rig, which is already on site, will meanwhile be focused on the area between the Normetal mine and the Normetmar deposit trend in a region that measures between 600 and 800 metres wide.
“We are very excited by the drilling to date on the NewMétal project. The width and high grades of this massive sulphide body are very encouraging and point to significant potential at depth on the NewMétal property. We are eagerly awaiting to receive assays back from the lab from several holes that have recently been drilled. In addition, as part of our expanded drilling program, Starr Peak will test regional gold targets where grab sampling has returned values up to 157.0 g/t Au on the Turgeon Lake gold showing.”
Johnathan More, Chairman and CEO of Starr Peak
Starr Peak Mining last traded at $3.70 on the TSX Venture.
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