Stelmine acquires Courcy-East : 12g/t Au over 13,5m
(firmenpresse) - QUEBEC CITY, QUEBEC -- (Marketwired) -- 12/14/16 -- Stelmine Canada (TSX VENTURE: STH) announce the acquisition from Exploration J.F. of 90 % of the Courcy-East property a significant gold-rich discovery in a new mining district located within the Archean Opinaca subprovince less than 100 km west of Fermont, Quebec.
In 2006, SOQUEM spent 600 000$ in exploration work, including a campaign of eight (8) short holes which intersected lithologies containing significant amount of gold. Best gold intersection from one hole is 4,5 g/t Au over 42 m including 12g/t Au over 13,5m. Over 30 gold-rich showings were identified without subsequent verification by drilling.
These showings represent two principal types of geologically prospective gold environment:
Stelmine acquired from Exploration J.F. 90% of the exploration right on 43 claims which were increased afterward in 176 claims covering an area of 92 km2on the following six conditions:
The core material drilled by SOQUEM was kept in good condition, part of which will be submitted to re-analyses for gold and other base metals. This will help Stelmine to publicly file a 43-101 Technical Report.
"Stelmine intends to focus its exploration efforts and resources on a relatively unexplored but highly prospective region". Stated Isabelle Proulx, CEO and President of Stelmine.
The technical content of this release was approved by Michel Boily, PhD, geo, a Qualified Person as defined by National Instrument 43-101. This agreement is subject to the approval of the statutory authorities.
This press release is illustrated on the web site
About Stelmine
Stelmine is a restructuring junior Quebec mining exploration company operating in Quebec. Its capital stock consists of 17,728,884 issued and outstanding shares for a current market capitalization of $6 million.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Stelmine and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Stelmine. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Stelmine Canada Ltd.
Isabelle Proulx
President and CEO
581-998-1222
Stelmine Canada Ltd.
Christian Guilbaud
Director
Corporate development
514-813-7862
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Datum: 14.12.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 1475736
Anzahl Zeichen: 2102
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QUEBEC CITY, QUEBEC
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Mining & Metals
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