Starr Peak Exploration (TSXV: STE) has finally received assay results from sampling that was conducted on its recently acquired Turgeon Lake gold property within the Abitibi region of Quebec back in September. Highlights from the grab samples collected include mineralization as high as 157.00 g/t gold.
Grab samples were collected at both the Rousseau gold property and the Turgeon Lake gold property at the start of September. At Rousseau, samples were taken from quartz veins known as the Mercier vein, while Turgeon Lake saw samples taken at the Turgeon Lake gold showing.
The Turgeon Lake showing is said to be hosted within what is known as the Val-St-Gilles syn-volcanic pluton, which is associated with disseminated pyrite and alteration holes. The showing is also in close proximity to ENE Proterozoic mafic dykes. While the Mercier vein did not return significant results, Turgeon Lake saw a number of positive grab samples including the following.
|Type||Sample ID||Description||Gold (g/t)|
|Grab sample||C24901||Turgeon showing||0.22|
|Grab sample||C24902||Turgeon showing||9.77|
|Grab sample||C24903||Turgeon showing||0.78|
|Grab sample||C24904||Turgeon showing||157.00|
|Grab sample||C24905||Turgeon showing||31.80|
In addition to the grab sample assays, the company has also completed its geophysical programs on the two properties. The programs consisted of high resolution drone magnetic airborne surveys, while an airborne survey is currently underway at Starr Peak’s flagship Newmetal project.
“With a significant land position in the Normétal area, including two past-producing mines and neighbouring Amex Exploration’s Perron project, we are now in a position to begin drilling. Over the past few months our geological consultant partners have been putting together a comprehensive database and 3D model of all historical exploration and mining data over our highly-prospective Newmétal property.”Johnathan More, Chairman and CEO of Starr Peak
Starr Peak Exploration last traded at $1.90 on the TSX Venture.
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