FULL DISCLOSURE: This is sponsored content for Sterling Metals.
Sterling Metals (TSXV: SAG) has extended the trend of mineralization at its Sail Pond Silver and Base Metal Project in Newfoundland following the results of a drill program.
The drill program consisted of eight holes, which drilled 2,058 metres in aggregate, targeting four distinct areas that were defined by an Orion 3D geophysical survey. The program managed to successfully extend the Heimdall North Zone by 200 metres, while remaining open to the north.
Highlights from the results include:
- SP-23-084: 2.15 metres of 40 g/t silver, 0.16% copper,
- including 0.25 metres of 303 g/t silver, 1.26% copper
- SP-23-085: 0.32 metres of 932 g/t silver, 4.51% copper
“The final two holes yielded an additional high-grade copper-silver intersection and a broad mineralization zone spanning nearly 30 meters north of the Heimdall North Zone. Notably, this zone remains open to the north. Moving forward, our efforts will continue to concentrate on locating large areas of interest with the potential for massive sulphide accumulations, aiming to uncover the origins of the numerous high-grade intersections at Sail Pond,” commented Jeremy Niemi, SVP of Exploration.
The extension of the Heimdall North Zone is believed to be a dilation zone, and the structural corridor is slated to be part of the focus of future work at the Sail Pond project.
Separately, the company indicated that it is still waiting on assay results from a 1,930 metre drill program conducted at its Adeline project, following extra steps being taken to ensure the full collection of copper, which has delayed the timeline for assays. Sterling currently anticipates the receipt of assays towards the end of November.
“Although the outcome from our recent drilling at Sail Pond didn’t align with our expectations following the Orion survey, we are encouraged by the broader structural targeting that led to additional high grade yet narrow intercepts. We are actively evaluating the implications of this on our understanding of the property,” said CEO Mathew Wilson.
Sterling Metals last traded at $0.06 on the TSX Venture.
FULL DISCLOSURE: Sterling Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Sterling Metals. The author has been compensated to cover Sterling Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
