Stelmine discloses the results of exploration work completed on the gold-bearing zone of its Joubert property
June 09 2020 - 9:10AM
Stelmine Canada (« Stelmine »)
(STH-TSXV) is pleased to announce the results of its last
exploration work producing 80 m to 260 m ENE and
north-oriented extensions of the Joubert property
gold-bearing zone, thus increasing the possibility of further
expanding the gold mineralization. Several grab and channel samples
yielded gold values ranging from
0.3 to 0.6 g/t
accompanied by As concentrations of
1,300 ppm to >
1%. The new results confirm the initial gold discovery
made by
Virginia Gold made in 2007 (4.69 g/t and 0.48 g/t
Au) and the values obtained by Stelmine in 2018 (0.83 g/t on 1.5
m and
1.10 g/t on 0.25 m). The hosting
quartz veins and paragneiss contain garnet, arsenopyrite
(traces-10%), pyrrhotite/pyrite and small amount of tourmaline.
Work completed during the last exploration
campaign includes :
- A more detailed geological/structural mapping of three
main gold-bearing sites and of zones showing anomalous precious and
base metal content.
- The collection of 60 grab samples, mainly from the three main
showings, but also from other high-gold potential zones.
- Channel samples coming from six trench sites related to the
principal gold mineralization (SE showing; Virginia Gold) yielding
22 samples on 21 linear m of channels.
- A till collection campaign of 13, 10-15 kg samples form which
heavy minerals were extracted to produce a concentrate analyzed for
precious and base metals.
Isabelle Proulx, President and CEO of Stelmine
declares: “The exploration work of Stelmine confirms the strong
gold potential of the Joubert property. The gold-arsenic
association found in grab and channel samples collected from quartz
veins-rich sheared paragneiss rocks extending for several
kilometers bodes well for future discoveries. The area surrounding
the Joubert property, located within the La Grande Sub-province,
sparks a renewed interest from junior mining companies.”
QA/QC Protocol
Stelmine implemented a strict QA/QC protocol in
processing all rock and till samples collected from the Joubert
property. The protocol included the insertion and monitoring of
appropriate reference materials, in this case high concentration
(OREAS-210) and low concentration (OREAS-252) certified gold
standards, blanks and duplicates, to validate the accuracy and
precision of the assay results. 10-15 kg samples of basal till were
gathered with a clean steel shovel. All collected rock and till
samples were put in sturdy plastic bags, tagged and sealed in the
field. under the supervision of geologists in training. A
professional geologist then visited the different sampling sites.
All sample bags were then put in rice pouches and kept securely at
the base camp established at the Mirage outfitter on the Trans
Taiga road. Transport to Actlabs laboratories in Ancaster, Ontario
for rock samples or to the ADM laboratory in Ottawa, On, for
mineral separation was made by truck from a reliable transport
company. Gold was analyzed by fire assay method for the rock
samples (1A2_ICP_50 g). Gold and other trace elements content in
mineral concentrate samples were determined via INAA+ICP_OES
(1H).
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.
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.About Stelmine Stelmine is
a junior mining exploration company which concentrates its
activities in the Province of Québec. Stelmine holds 843
claims spanning 438 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 37,324,046 issued and
outstanding shares.
Forward-looking
statements
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “expected” or variations of such words and phrases or
statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the listing and trading of the
Corporation’s common shares on the CSE and the availability of a
listing statement on the CSE’s website and on SEDAR are based on
the Company’s estimates and are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Corporation
to be materially different from those expressed or implied by such
forward-looking statements or forward-looking information. There
can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and
forward-looking information. The Corporation will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
For more information :
Isabelle Proulx President and
CEO |
Christian GuilbaudBusiness Development |
418-626-6333info@stelmine.com |
514-813-7862 |
Stelmine.com |
|
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