|Bid||0.0800 x 0|
|Ask||0.0950 x 0|
|Day's Range||0.1000 - 0.1050|
|52 Week Range||0.0800 - 0.1700|
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QUEBEC CITY, Jan. 22, 2020 -- Stelmine Canada (« Stelmine ») (STH-TSXV) today announced the results of the annual meeting of its shareholders held in Montreal on this date (the.
Stelmine Canada (« Stelmine ») (STH-TSXV) announces the discovery on its Courcy property of new gold values provided by rock samples (grab and channel) and of gold anomalies revealed by till samples. New exploration work has supported the extension of zones 1 and 2 and the increased potential of zone 4. In addition to better helping us locate the location of drillholes for a future campaign, our work delineated the different sites associated with two mineralization types.
QUÉBEC, Québec, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada Ltd. (“Stelmine”) (STH.V) announces today that it has completed a non-brokered private placement (the “Placement”). A total of 6 532 902 common shares of the Company (“Shares”) were issued in this Placement, for total proceeds of $907,380. The following funds participated in the Placement: Capital régional et coopératif Desjardins (CRCD), the Fonds de solidarité FTQ and SIDEX, these last two, in an amount of $100,000 each through FIELD-ACTION 2019, an initiative designed to encourage junior mining companies to perform their fieldwork in Québec while at the same time supporting their working capital.
Ms. Gilbert is also a professional geologist, member of the Ordre des géologues du Québec and has been involved in the exploration and discovery of gold, uranium and iron ore deposits on four continents: in Canada, Australia, Mali and in Guyana. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine.
Stelmine Canada (« Stelmine ») (STH-TSXV) Stelmine announces an update on its current exploration work. The current focus of exploration work on the Courcy property is on the northwestern flank of the major anticline structure associated with the gold prospective Couteau fault.
Stelmine Canada Ltd. (“Stelmine”) (STH.V) announces today that it has completed a non-brokered private placement (the “Placement”). In order to perform the planned drilling campaign on its Courcy property, the Company will launch a new financing round for which it has already received commitment. “Our crew of exploration geologists is carrying on with the pre-drilling phase on the Courcy property.
Stelmine (STH-TSXV) is pleased to announce, as of July 14, the first stage of its drilling campaign program on its Courcy flagship gold property located in the Superior Province near the Quebec-Labrador border. The forward-looking information in this release is based on information available as of the date of this release.
Stelmine Canada (STH-TSXV) is making plans to drill at its Courcy flagship project. Indeed, during the last two years the Company has completed meticulous exploration work with results allowing the initiation of a drilling campaign at shallow depth. Courcy is a relatively recent project undertaken just two years ago by Stelmine.
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Stelmine reports the discovery of two new gold-bearing zones (Courcy 4.0 and 4.1) near the major 21-km long Couteau fault. Last channel sampling, carried out by the Company, lead to the exposure of mineralized outcrops located over 7 km southwest (SW) of the main Courcy 2.4 zone (Figure 1 : https://stelmine.com/en/projects/courcy-properties/ ). Gold values of 1.15 g/t over 2.0 m (Courcy 4.0) and 1.05 over 3.0 m (Courcy 4.1) were detected in highly deformed, finely-bedded pyrrhotite and garnet-rich amphibolites/silicate-facies iron formations situated 550 m north of the Couteau fault (Figure 2).
Stelmine Canada (« Stelmine ») (STH-TSXV) reveals the results of its exploration campaign completed on the Joubert property in which channel samples provided values of 0.83 g/t Au on 1.5 m and 1.10 g/t Au on 0.25 m (Figure 1 https://stelmine.com/en/projects/joubert-properties/ ). The Society, being at the avant-garde of the exploration of this largely unknown region, now holds a strategic advantage thanks to judicious acquisitions of key properties. In view of Stelmine discoveries, several mining companies now carry exploration around our claims, notably Osisko James Bay, Midlands Exploration (Isengard property), SOQUEM (Lake Harbour property) and Azimut Exploration (Galinée and Damas properties).
Channel sampling carried out on a chloritized amphibolite rock at proximity of a silicate/oxide iron formation exposed in the eastern sector of the property yielded a gold value of 2.81 g/t on 1 m. The assay corroborates the 1.10 g/t Au concentration obtained in 2017 by Stelmine on a composite sample collected near the iron formation (Figure 1). The Trieste property is located within the Trieste greenstone belt less than 80 km SW of the Trans-Taiga road in the James Bay Territory. Isabelle Proulx, President and CEO of Stelmine affirms: “These results combined with those obtained on the Courcy property let us believe the eastern portion of the Opinaca/La Grande sub-provinces will become an important gold district.
Stelmine geologists visited more than 38 sites and collected 22 grab samples during a 5 day heliborne campaign completed during September 2018. Isabelle Proulx, President and CEO of Stelmine declares: “The Mercator property, although sparsely explored, revealed significant gold values extending for 1 km along strike and associated with iron formations.