• Stelmine Canada (STH) has acquired three new properties in the Caniapiscau district
  • The company has added 326 new claims to its portfolio, which brings the total to 1,775 claims over 936 square kilometers
  • The mineralization on the properties will be integral to Stelmine’s portfolio diversification
  • Shares of Stelmine (STH) remain unchanged at $0.18

Stelmine (STH) has acquired three new properties in the Caniapiscau mining district in Quebec.

Stelmine is adding 325 new claims to its portfolio, bringing the total to 1,775 claims over 936 square kilometers.

The mineralization discovered on the properties will be integral to Stelmine’s portfolio diversification, as well as ramping up exploration of strategic metals, including nickel and base metals.

The company said it will also continue advancing its gold properties.

Based out of Quebec, Stelmine is a junior mining exploration company focused on pioneering the Caniaspiscau gold district, east of James Bay. The region is an underexplored part of the Opinaca metasedimentary basin where the geological context is similar to the Eleonore mine. The company has 100 per cent ownership of the metasedimentary basin.

Shares of Stelmine (STH) are unchanged at $0.18.


More From The Market Online

KWESST to provide situational awareness for the Canadian Red Cross

KWESST Micro Systems (TSXV:KWE) wins a contract to provide a situational awareness app to support the Canadian Red Cross.

Air Canada stock rises as service from Ottawa grows

Air Canada (TSX:AC) boosts its schedule serving Ottawa by almost 60 per cent with more flights across the nation.

Odd Burger to add 40 locations in Florida

Odd Burger (TSXV:ODD) will develop 40 new locations in Florida over the next eight years, with its sights set on further U.S. expansion.