Starr Peak Mining (TSXV: STE) this morning released its latest round of assays for its ongoing drill program at its flagship NewMetal property in Quebec. Notably, the company posted the highest grades intersected to date within the results.
Assays from the latest program have extended the Deep Zone by 175 metres to a vertical depth of 850 metres, while remaining open in all directions. The zone to date has returned strong values of zinc, gold, copper and silver, with the latest results continuing this trend.
Results from the drill program were broken down into two sections, the upper zone, which is above 400 metres vertically, and the deep zone, which is below this level. Highlights from the program include:
- STE-21-14: 18.07% zinc equivalent over 6.65 metres
- STE-21-21: 8.82% zinc equivalent over 8.70 metres
- STE-21-09: 10.09% zinc equivalent over 8.30 metres
- STE-21-27: 7.04% zinc equivalent over 20.55 metres
“Today’s results are some of the highest grade results reported to date on our NewMétal project. We are seeing both high grade and wide intersections during this drill campaign [..] Our technical team has honed in their targeting such that nearly each drill hole is intercepting very exciting visual mineralization.”
Johnathan More, Chairman and CEO
The company currently has two drill rigs turning on its flagship property testing these two zones, while a third is in the process of testing the region between the Normetmar and Normetal mine trends.
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Starr Peak Mining last traded at $3.40 on the TSX Venture.
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