Stelmine Announces Launch of its Largest Exploration Program to Date

Stelmine Canada has announced the start of its most extensive exploration program to date on its 100%-owned Mercator property in northeastern Quebec.

The exploration program has already begun and is scheduled to end in the middle of October. A second stage that is solely focused on drilling is the goal of this first exploration phase’s multiple objectives.

Phase 1 of the initiative will primarily consist of:

• To limit the location of gold targets for drilling, a definition Induced Polarity (IP)/Resistivity survey was conducted on the 2.5 k×500 m gold-bearing Meridian Zone. On the northern extension of the Meridian Zone (T-Rex Zone?), where an important fold is suspected of deforming iron formations, a supplemental survey with the goal of expanding the areas of gold discoveries will be finished.
• Systematic/detailed structural and geological mapping of the Meridian Zone is needed to interpret the mineralized zones and define the nature of lithologies. Grab rock and channel sampling in Meridian's gold-prospective T-Rex Zone.
• Intensive investigation and grab rock/channel sampling of the Meridian Zone’s 21-kilometer-long southwestern expansion, where preliminary prospecting found gold and arsenic-bearing iron formations.
• Following a successful till survey campaign (C-Horizon) that discovered fresh gold targets outside the Meridian Zone, the company will conduct high-resolution soil surveys (100×200 m spacing) in the northern T-Rex Zone and the Meridian Zone’s southwestern expansion. Following that, medium-resolution soil surveys (200×400 m spacing) will be conducted on the Mercator property’s northern and southwestern sections.
• While exploring the property, special focus will be paid to determining the lithium potential of granitic pegmatites and granites.