Stone Gold Reveals Exploration Plans For Copper, Gold Projects

Stone Gold Inc (TSXV: STG) this morning provided an exploration update for its projects in Ontario. Both projects, which include the Copper Road Project, and the Glenrock Gold Project, are situated within a larger 21,000 hectare Batchewana Bay District claims package held by the company.

The district itself is situated in what is known as the Mamainse Point formation, which is on the eastern edge of the Late Proterozoic Midcontinent Rift that trends beneath Lake Superior. The region is known for containing copper, nickel and precious metals deposits throughout.

The firms Copper Road project covers 19,000 hectares and contains the historic Tribag Mine and Coppercorp Mine, both of which had production of between 1.02 and 1.2 million tonnes of copper, in addition to significant historic copper resources. The company is currently in the process of reviewing significant data it holds on the property.

Three dimensional exploration models are currently being built, based on data held by the company that contains over 800 drill holes, 2000 surface rock and soil samples, along with multiple magnet, ground and other surveys. As a result, the company has developed its first priority drill targets, and is in the process of arranging a 4,000 metre drill program to test a high grade copper mineralized body.

The drill program will also see the testing of an open gold mineralization system at Glenrock, the firms 2,500 hectare gold project on the larger property. The company intends to drill a total of eight holes on the property.

“The consolidation of this district is long overdue. Our primary area of focus, the Tribag Mine Zone has not been drilled in 50 years. Our goal is to establish and increase historical grades and tonnage by drilling the targets to depth and testing for a full spectrum of mineralization,” commented John Timmons, CEO on the development.

Stone Gold last traded at $0.09 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. Always do additional research and consult a professional before purchasing a security.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Max Resource Releases Further Assays For AM South Zone At Cesar Property

Max Resource Corp (TSXV: MXR) this morning released additional assay results for the AM South...

Wednesday, July 8, 2020, 09:04:14 AM

The Copper Shortage No One Is Talking About

The world’s largest mining companies and metal traders are warning that a massive shortfall of...

Friday, February 3, 2023, 07:36:00 AM

Vizsla Silver Board Gives OK For Vizsla Copper Corp Spinout

Vizsla Silver Corp. (TSXV: VZLA) announced this morning that its board has approved the spinout...

Tuesday, April 20, 2021, 08:11:12 AM

Pegasus Resources Assays 35.5% Copper, 360 G/T Silver In Samples At Vertebrae Ridge

Pegasus Resources (TSXV: PEGA) this morning released the results of its fall 2020 prospecting program...

Thursday, January 21, 2021, 09:13:00 AM

Max Resource Releases Bulk Sample Assay Results For Cesar Project

Further assay results have been released this morning by that of Max Resource Corp (TSXV:...

Thursday, May 21, 2020, 08:44:21 AM