Starr Peak Mining (TSXV: STE) appears to be rather satisfied with the results generated to date at its NewMetal property in the Abitibi Greenstone Belt. The firm this morning announced yet another expansion to its ongoing drill program.
The drill program at the property has now been increased to a total of 60,000 metres, an improvement from the prior upsize to 40,000 metres. The fully funded drill program initially started out as what was to be a 5,000 metre program, before it was subsequently upsized a number of times following strong results.
Initial results from the program released by the company include 12.10 metres of 23.82% zinc equivalent, as reported in May, and 18.07% zinc equivalent over 6.65 metres as reported in July.
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Drilling is presently focused on the new discovery zone, at a depth of 600 metres, along with the Normetmar Upper zone where systematic drilling is occur at depths above 400 metres.
“Additional targets have been defined and will be drilled in order of priority. The ongoing drilling campaign will increase the comprehension of the Normétal-Normetmar associated mineralization and vectors towards it. We are looking forward to seeing the upcoming results on the highly prospective Newmétal property.”
Johnathan More, CEO
Starr Peak Mining last traded at $3.17 on the TSX Venture.
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