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Stelmine (TSXV:STH) expands presence in Caniapiscau district

Market News, Mining
TSXV:STH
02 December 2022 12:40 (EDT)

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.


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