Maiden Drilling And New Discovery At Depth With Additional Massive Sulphides

VANCOUVER - Starr Peak Mining Ltd. reported drill results from its ongoing 2021 drilling campaign initially focussing on the Normetmar trend at depth of its NewMétal property, located in the Abitibi Greenstone Belt of Quebec in proximity to the town of Normétal. 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 (Boivin, 1988).

Initial drill hole assay results confirm the presence of zinc rich massive sulphide intervals with highlight holes including: Hole STE-21-08 (Photo 1) returned 12.10 m of 20.94% Zn, 0.43% Cu, 39.58 g/t Ag and 0.21 g/t Au or 23.82% Zinc-Equivalent; and Hole STE-21-04 returned 12.30 m of 6.47% Zn, 0.22% Cu, 28.55 g/t Ag, and 0.11 g/t Au or 8.19% Zinc-Equivalent.

In addition, all 2021 drill holes to date have intersected sulphide intervals as shown in ranging from massive sulfide to disseminations and stringer mineralization. Massive sulfide zinc rich intervals correspond very well to anomalies defined from a 2021 borehole electromagnetic survey (BHEM).

Johnathan More, Chairman and CEO, said, "I am thrilled with the large intervals of high-grade sulfide mineralization from our first ever drilling campaign at NewMétal. We targeted an area adjacent to a high-grade past producing mine with the expectation that modern geophysical tools and three-dimensional modeling would unlock the value of the surrounding rocks. I couldn't be happier with the success that our technical team has had to date on the project. In addition to the very wide and high-grade results announced to date, we are also very excited with the interception of massive sulfides at approximately 680 m depth in a BHEM anomaly that is showing much higher conductance than other targets which could indicate an increase in chalcopyrite concentration. This is similar to what occurred at the neighboring Normétal Mine which transitioned from zinc-dominant near surface to copper-dominant at depth, which was mined to a depth of approximately 2.4km. We look forward to receiving the balance of pending results as well as continuing our maiden drilling program."