Starr Peak Mining (TSXV: STE) this morning released drill results from its ongoing drill program at its NewMetal property within the Abitibi greenstone belt. Highlights from the results released this morning include 12.10 metres of 20.94% zinc, 0.43% copper, 39.58 g/t silver and 0.21 g/t gold within hole STE-21-08.
Results from a total of five holes were released this morning from the ongoing drill program, with the company indicating that all drill holes conducted within the program have intersected sulphide intervals. Furthermore, anomalies from a 2021 electromagnetic survey have corresponded with intervals of massive sulfide zinc.
Highlights from the results released this morning include:
- STE-21-08: 20.94% zinc, 0.43% copper, 39.58 g/t silver and 0.21 g/t gold over 12.10 metres
- STE-21-04: 6.47% zinc, 0.22% copper, 28.55 g/t silver and 0.11 g.t gold over 12.30 metres
- STE-21-03: 3.92% zinc, 0.08% copper, 69.70 g/t silver and 0.53 g/t gold over 4.15 metres
“We targeted an area adjacent to a high-grade past producing mine with the expectation that modern geophysical tools and three-dimensional modelling would unlock the value of the surrounding rocks. [..] In addition to the very wide and high-grade results announced to date, we are also very excited with the interception of massive sulfides at approximately 680 m depth in a BHEM anomaly that is showing much higher conductance than other targets which could indicate an increase in chalcopyrite concentration. This is similar to what occurred at the neighbouring Normétal Mine which transitioned from zinc-dominant near surface to copper-dominant at depth, which was mined to a depth of approximately 2.4km.”Johnathan More, Chairman and CEO of Starr Peak
Starr Peak Mining last traded at $2.99 on the TSX Venture.
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