- Stelmine Canada (STH) has launched an exploration program at its wholly owned Joubert gold property in Quebec
- The company intends to target the new northeastern extension of the property, which contains gold values of up to 6.81 grams per tonne
- A number of new claims will also be assessed, including geological mapping, overburden stripping and channel sampling
- The program is expected to take between seven and 10 days to complete
- Stelmine Canada (STH) is currently up 15.79 per cent and is trading at C$0.11 per share
Stelmine Canada (STH) has launched an exploration program at its wholly owned Joubert gold property in Quebec.
Located in the James Bay region of the province, the property consist of 247 claims over a total of 128 square kilometres. It lies roughly 55 kilometres northeast of the Renard diamond mine and exposes a lithological package of metasedimentary rocks.
The program is expected to take between seven and 10 days to complete, and will focus on the new northeastern extension of the property where significant gold values were previously identified at up to 6.81 grams per tonne.
Stelmine also intends to explore these new claims in further detail with geological mapping, overburden stripping and channel sampling at mineralised sites, with till samples to also be collected.
According to the results of previous work that was carried out by the company in 2018 and 2019, the results found at the northeast extension of the Jobert property come off the back of other significant discoveries. These include 1.5 metres at 0.83 grams per tonne of gold and 0.25 metres at 1.1 grams per tonne of gold.
Both of these results were identified through channel sampling of a primary gold showing unearthed by Virginia Gold in 1997.
Isabelle Proulx, President and CEO of Stelmine, commented on the commencement of the program.
“This new exploration phase on Joubert is designed to increase and better define a gold corridor already extending over a few kilometers. The geological and structural context bodes well for the discovery of new mineralisation,” she said.
Stelmine Canada (STH) is currently up 15.79 per cent and is trading at C$0.11 per share at 11:02am EDT.