Saturday, May 31, 2025

Latest

Stone Gold Begins 4,000 Metre Drill Program At Copper Road Property

Drilling is now getting underway for Stone Gold (TSXV: STG). The firm this morning indicated that its drill program has commenced at its massive Copper Road Project, which is found within the Batchewana Bay district of Ontario.

The program currently outlined for the property is to consist of 4,000 metres of drilling in aggregate, although details on just how many holes that is to include was not provided. Drilling is to focus on the Tribag Mine Zone on the property.

The Tribag Mine Zone encompasses the past producing Tribag Mine, which was previous mined by Teck Resources in the late 1960’s and early 1970’s. The zone is known to have a total of six breccia pipes, referred to as the Breton, East and West breccias. Production on this region of the property saw a total of 1.2 million tonnes of 1.2% copper extracted over several years. Thanks to the region being closed for staking since the closure of the mine in 1972, this portion of the property has not been explored in almost five decades.

“The consolidation of the Batchewana Bay District was long overdue. The area has seen limited exploration since the 1970s, and we believe the Copper Road Project has the potential to deliver a sizeable copper deposit,” said CEO John Timmons on today’s announcement. Previously, Timmons has been quoted stating that the goal of the program is to “establish the grade and depth potential of the Breton and East Breccias at the Tribag Mine Zone, while performing full spectrum assay analysis to test for additional mineralization known in the area.”

The company intends to also test the region for gold, silver, rhenium, molybdenum and tungsten, in addition to copper.

Stone Gold last traded at $0.29 on the TSX Venture.


FULL DISCLOSURE: Stone Gold is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Stone Gold 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Copper, Gold To See ‘Immediate Price Boost’ From Potential Rate Cuts

Analysts at Goldman Sachs are projecting potential interest rate cuts by the US Federal Reserve...

Thursday, February 22, 2024, 02:14:00 PM

Surge Copper Raises $14.0 Million In Bought Deal Financing

Surge Copper Corp. (TSXV: SURG) today announced the closing of the company’s previously announced bought...

Thursday, June 10, 2021, 07:35:00 AM

NGEx Minerals Hits 0.56% Copper Over 876 Metres At Los Helados

NGEx Minerals (TSXV: NGEX) appears to be taking a page out of the Libero Copper...

Tuesday, April 26, 2022, 08:40:38 AM

Max Resource Enters Collaboration Agreement With Major Copper Producer For CESAR Project

Max Resource Corp (TSXV: MXR) made a significant announcement this morning, reporting that the company...

Wednesday, May 13, 2020, 08:18:23 AM

Copper Crunch: Six New Mines Needed Every Year Through To 2050

As the United States gears up for an ambitious transition to renewable energy, a new...

Wednesday, May 22, 2024, 02:57:00 PM