FULL DISCLOSURE: The Deep Dive is long the equity of Sterling Metals.
Sterling Metals (TSXV: SAG) has finally commenced its first drill program at the Copper Road Project in Ontario. The program, which is said to be fully funded, will see at least 2,000 metres of drilling occur on the property.
The current plans call for multiple high priority zones to be tested, with the primary focusing being the testing of near-surface mineralization and whether it is connected to a larger porphyry center at depth. Drilling is to be focused around a 2.5 km x 1.5 km x 1.5 km target area within the central corridor, which is said to feature multiple geophysical anomalies and underexplored zones that suggests a larger system exists at depth.
Four high priority targets have been selected for drilling, which center around the Jogran Porphyry and Richards Breccia. Historical drilling at the Richards Breccia has encountered 0.88% copper over 50.17 metres and 1.06% copper over 38.6 metres, while drilling at Jogran has previously encountered 0.17% copper and 0.025% molybdenum over 197 metres. Sterling aims to test the connection between the two zones, alongside near surface mineralization to the north, a new target 200 metres to the north, and a surface expression area with a large ZTEM anomaly to the south.
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“At Sterling, we’ve been focused on strategically located exploration opportunities to unlock Canada’s copper potential, an effort that ultimately led us to the Copper Road Project. What makes this project stand out is the rare combination of size and grade potential with unparalleled accessibility: 20 minutes off the Trans-Canada highway, and just 1 hour north of the US border. Exploration always carries tremendous risk, but we believe this initial target area within the 30km wide copper mineral system contains many of the key geological ingredients necessary to find a cornerstone copper asset in Canada,” commented Mathew Wilson, CEO of Sterling Metals.
The current drill program is expected to run through to the end of April.
Sterling Metals last traded at $0.38 on the TSX Venture.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Sterling Metals. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
