Stelmine makes a gold discovery and stakes new claims on the Joubert property
22 June 2020 - 11:41PM
Stelmine Canada (« Stelmine »)
(STH-TSXV) is pleased to announce the discovery of a gold
showing defined by a 6.81 g/t Au value from a grab sample collected
west of the main Joubert mineralized zone. Stelmine secured this
prospective ground by staking 88 claims contiguous to the initial
Joubert property investigated during the 2018 and 2019 exploration
campaigns.
To see the map.
This discovery is added to previous ones
unearthed during the past years. Channel samples gathered by
Stelmine 20 m from the initial showing revealed by Virginia Gold in
2007 (4.69 g/t Au and 0.48 g/t
Au) yielded values of 0.83 g/t on 1.5 m
and 1.10 g/t on 0.25 m accompanied by high arsenic
concentrations (As=679-2580 ppm). The property is
located in the James Bay Territory.
The new staked area shows similar geologic
characteristics to that of the initial Virginia Gold showing such
as sheared, boudinaged and folded quartz veins injected in
migmatized and mylonitized biotite-rich quartzofeldspathic
paragneiss (arkoses and quartz arenites) interstratified with
numerous bands of oxide or silicate facies iron formations. Some
paragneiss are mineralized in pyrite, pyrrhotite and
arsenopyrite.
The Joubert property is currently composed of
247 claims 100% owned by Stelmine, bringing the total area to 128
km2. It is located 55 km NE of the Renard diamond mine which can be
accessed by Road 167. The property lies within the La Grande
Sub-province near the contact with the Opinaca metasedimentary
Sub-province. Joubert contains assemblages of metasedimentary rocks
composed of sillimanite-cordierite paragneiss, migmatized
paragneiss and migmatites (Solomon Formation) in contact with,
occasionally pillowed, metabasaltic rocks (Trieste Formation)
intruded by ultramafic plutons and tonalites-granodiorites
bodies.
Isabelle Proulx, President and CEO state: “The
new Stelmine gold discovery allows the projection of a larger
WNW-ESE-oriented mineralization zone than initially determined. The
Company will go ahead with a more detailed exploration campaign to
confirm the potential of this discovery and consider new gold
prospective zones.”
QA/QC Protocol
Stelmine implemented a strict QA/QC protocol in
processing all rock 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. All collected rock samples were put in sturdy plastic
bags, tagged and sealed in the field under the supervision of
professional geologists. The 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 was made by truck from a reliable
transport company. Gold was analyzed by fire assay method for the
rock samples (1A2_ICP_50 g) and other trace elements content 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.
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.
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
CEO418-626-6333 |
Christian GuilbaudBusiness Development514-813-7862 |
info@stelmine.com |
|
Stelmine.com |
|
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