Stelmine initiates the first stage of its 2019 drilling campaign
July 16 2019 - 7:44AM
Stelmine (STH-TSXV) is pleased to
announce, as of July 14, the first stage of its drilling campaign
program on its Courcy flagship gold property located in the
Superior Province near the Quebec-Labrador border.
In order to ensure the positioning of the drill
collars on the most promising targets, a team of geologists will
carry out additional exploration work. While confirming the
selected drilling targets on the main zone, the work should enable
the definition of new targets. The operation involves overburden
stripping followed by detailed mapping and channel sampling of the
extensions of the principal gold-mineralized antiform structure
characterized by the folded Couteau fault.
The technical contents of this release were
approved by Michel Boily, PhD, geo; a Qualified Person (QP) as
defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our
Facebook page (Stelmine Canada) where we uploaded pictures of the
Courcy camp and of our crew at work.
About StelmineStelmine is a
junior mining exploration company which concentrates its activities
in the Province of Québec. Stelmine holds 955 claims spanning 497
km2 on the eastern part of the Opinaca metasedimentary basin, which
contains zones with a high potential for gold deposit discovery in
geological contexts similar to the one leading to discovery of the
Éléonore Mine. Its capital stock consists of 29,648,645 issued and
outstanding shares for a current market capitalization of $4.2
million.
Forward-looking statements The
statements set forth in this press release, which describes
Stelmine’s objectives, projections, estimates, expectations or
forecasts, may constitute forward-looking statements within the
meaning of security legislation. Positive or negative verbs such as
“believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume”
and other related expressions are used to identify such statements.
Stelmine wishes to state that, by their very nature,
forward-looking statements involve risks and uncertainties such
that its results, or the measures it adopts, could differ
materially from those indicated or underlying these statements or
could have an impact on the degree of realization of a particular
projection. Major factors that may lead to a material difference
between Stelmine’s actual results and the projections or
expectations set forth in the forward-looking statement include the
risk that the Company does not complete the Placement as
anticipated, and such other risks as described in detail from time
to time in the reports filed by Stelmine with security authorities
in Canada. Unless otherwise required by applicable securities laws,
Stelmine disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of the new
information, future events or otherwise. The forward-looking
information in this release is based on information available as of
the date of this release.
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.
For more information :
Isabelle Proulx President and CEO |
Christian GuilbaudBusiness Development |
418-626-6333 info@stelmine.com |
514-813-7862 |
Stelmine.com |
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