Expansion Of Drilling Program On NewMetal Property
VANCOUVER - Starr Peak Mining Ltd. reported a significant expansion to its ongoing drilling campaign on its NewMetal property, located in the Abitibi Greenstone Belt of Quebec near the town of Normetal. The NewMetal project also includes the past-producing Normetal 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).
Owing to significant high-grade volcanogenic massive sulfide ("VMS") intercepts in the Company's first drill holes, Starr Peak announces an increase in its drilling program from 5,000 to 20,000 meters on the NewMetal project. The Company also has three drill rigs in operation.
Johnathan More, Chairman and CEO, said, "We are very excited by the drilling to date on the NewMetal project. The width and high grades of this massive sulphide body are very encouraging and point to significant potential at depth on the NewMetal 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 mineralization and are returning a very high success rate. We will continue to use BHEM to vector towards massive sulfide mineralization, next to the prolific past-producing Normetal Mine. In addition, as part of our expanded drilling program, 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 three drills. One targets 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. A third drill has begun testing the area between the Normetal mine and the Normetmar deposit trend, an area of approximately 600 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 mineralization.
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 Normetal mine. These zones and historical stopes possibly represent a separate mineralized horizon located to the north of, and parallel to the Normetal 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.