FULL DISCLOSURE: This is sponsored content for Sterling Metals.
Sterling Metals (TSXV: SAG) is back in the field at its Sail Pond project in Newfoundland, aiming to follow up on a discovery made during drilling last year.
The company has begun drilling under a planned campaign of at least 2,000 metres, which will follow up on a recently conducted Orion 3D geophysical survey, which included a magneto telluric survey. Geophysics were conducted at both the Heimdall and Heimdall North zones on the property, identifying strong chargeability along trend from existing surface and drilling intercepts.
“Completing the Orion survey and highlighting a new geophysical target just below our discovery hole SP-22-064 only fueled our desire to return to the Heimdall North Zone. The mineralization in hole 64 was essentially solid vein of high-grade copper and silver mineralization interpreted to come from a nearby larger source. This is an amazing target to kick off our 2023 campaign and we can’t wait to see the core,” commented Senior VP of Exploration and Evaluation Jeremy Niemi.
The first target of the program is said to be on trend from hole SP-22-064, which last year intersected 3,499.1 g/t silver equivalent over 0.35 metres, within a larger interval of 294 g/t silver equivalent over 4.67 metres. Geophysics have identified a wide chargeability zone of over 100 metres below that hole, with a halo extending towards mineralization in the hole.
The drill program as a whole is targeting six of the highest priority targets at Sail Pond, with a contingency program planned based on a successful program.
“The plan executed by the Sterling team, which prompted investors to back our $6.5M financing in April 2023, remains on track. Despite the challenging macro venture environment, we are excited to see the results of our hard work as we embark on the next phase of drilling at Sail Pond,” stated CEO Mathew Wilson.
Sterling Metals last traded at $0.085 on the TSX Venture.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.