- Stelmine Canada (STH) has begun a new exploration phase at its Mercator Property in northern Quebec
- A 25 km IP survey will be performed on the Main Zone to complement the heliborne MAG survey
- The field exploration campaign will be followed by a fully-permitted maiden 2,000-3,000-metre drill program
- Stelmine is a junior mining exploration company with 100 per cent ownership of 1,277 claims in northern Quebec
- Stelmine Canada Ltd. (STH) is up 4.76 per cent on the day, trading at C$0.22 per share at 1:30 pm ET
Stelmine Canada (STH) has begun a new exploration phase at its Mercator Property in northern Quebec.
Mineralization is found on the crest, flank and foothill of a 100-metre high, 500-metre wide, NE/SW oriented 3 km elongated hill characterized by strong positive magnetic anomalies.
Gold mineralization has been discovered along a minimum 2.5-km length inside 5 to 20 m thick layers/slabs of mafic rocks dipping 30° to 40° to the NW and bounded by important low angle thrust faults.
A 25 km IP survey will be performed on the Main Zone to complement the heliborne MAG survey and correlate sectors of high chargeability and magnetism. Detailed geological and structural mapping of the Main Zone will be carried out.
The field exploration campaign will be followed by a fully-permitted maiden 2,000-3,000-metre drill program.
Isabelle Proulx, President and CEO of Stelmine, commented on the program.
“We look forward to following up on a very successful 2021 program at Mercator where the potential scale of gold mineralization is particularly noteworthy and has excited our geological team.”
Stelmine is a junior mining exploration company with 100 per cent ownership of 1,277 claims in northern Quebec, highlighted by the Courcy and Mercator Projects.
Stelmine Canada Ltd. (STH) is up 4.76 per cent on the day, trading at C$0.22 per share at 1:30 pm ET.