Brings Third Drill Rig To NewMétal Property In Quebec
Starr Peak Mining Ltd (TSXV: STE) (OTC: STRPF) has elected to undertake a significant expansion to its ongoing drilling campaign on its NewMétal property, located in the Abitibi Greenstone Belt of Quebec after early success.
The NewMétal project also includes the past-producing Normétal Mine, from which ~10.1M tonnes of 2.15% Cu, 5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag were produced.
Chairman and CEO, Johnathan More, said that owing to significant high-grade volcanogenic massive sulphide (VMS) intercepts in the company’s first drill holes, Starr Peak chose to increase its drilling programme from 5,000m to 20,000m, with three rigs now in operation.
“We are very excited by the drilling to date on the NewMétal project,” Mr More said.
“The width and high grades of this massive sulphide body are very encouraging and point to significant potential at depth on the NewMétal property.
“We are eagerly awaiting to receive assays back from the lab from several holes that have recently been drilled. Our technical team has determined that a combination of airborne and borehole electro-magnetic (BHEM) surveys are highly effective targeting tools for this type of mineralisation and are returning a very high success rate.
“We will continue to use BHEM to vector towards massive sulfide mineralisation, next to the prolific past-producing Normétal Mine. In addition, as part of our expanded drilling programme, Starr Peak will test regional gold targets where grab sampling has returned values up to 157.0 g/t Au on the Turgeon Lake gold showing.”
Drilling continues on the project with one of the three drills targeting the new deep discovery zone below 600m vertical depth, while one is affected to systematic drilling of the Normetmar Upper zone above 400m vertical depth.
The third drill has begun testing the area between the Normétal mine and the Normetmar deposit trend, an area of approximately 600m to 800m in width and untested below 200m vertical depth. BHEM surveying will be completed on most holes if deemed useful in vectoring the location of VMS mineralisation.
Meanwhile, the Company has discovered a discrepancy in the preliminary compilation of historical information pertinent to this area, determining that the Longitudinal Section presented to date wrongly positioned numerous historical stopes mined by the Normétal mine. These zones and historical stopes possibly represent a separate mineralised horizon located to the north of, and parallel to the Normétal mine horizon, rather than along strike as previously represented.
The Longitudinal projection for this zone would normally be hidden by the mine horizon longitudinal projection and, for this reason, was presented as an inset to the West of the mine longitudinal. The property wide Longitudinal Section will reflect this revision going forward. This may actually open a large untested area of the property to new exploration.
