Sterling Metals Corp. - SAGGF STOCK NEWS

Sterling Metals (TSXV:SAG, OTCQB:SAGGF) has completed a significant 3D induced polarization and resistivity survey at its Copper Road Project in Ontario, Canada. The survey, covering a 5km by 3km area, has identified multiple high-priority, drill-ready targets.

Key findings include:

• Multiple chargeable bodies discovered at or near surface
• Resistivity low anomalies correlating with copper in historical drill holes
• A high-priority target area of approximately 2.5km x 1.5km x 1.5km identified
• Interconnected areas suggesting a large porphyry center at depth

The company is now designing its initial drill campaign to test near-surface copper zones potentially connected to a larger porphyry center. The survey results suggest multiple intrusive bodies with connections to larger porphyry centers at depth, enhancing the geological prospectivity of the area.

Sterling Metals has completed a 5km x 3km 3D Induced Polarization (IP) survey at the Copper Road Project, revealing new copper sulphide mineralization at surface. Key developments include: discovery of new outcrops southwest of Richards Breccia, collection of 134 total surface grab samples, and extension of the porphyry footprint from 2km to 3km. The company has identified massive sulphide veining and copper sulphides in collected samples, with 52 samples currently being analyzed in the lab.

A high-resolution drone magnetic survey is commencing, and comprehensive IP survey results are expected in December. The project area, situated between two past-producing mines, has never undergone systematic exploration below 200m depth despite positive historical drill results.

Sterling Metals reports high-grade discoveries from its Phase 1 campaign at the Copper Road Project in Ontario. Surface grab samples revealed values up to 15.90% copper and 4.84% molybdenum, with an average copper value of 1.96% across 31 samples. The exploration defined a 5x5km high-priority area, identifying a ~2km long footprint of significant porphyry mineralization. The company completed a 2024 soil sampling program collecting 1,822 samples, confirming strong copper-molybdenum anomalies. A 5km x 3km 3D IP survey is underway to guide drill targeting.

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) has completed a non-brokered private placement, issuing 15,835,996 flow-through shares at $0.065 per share, raising gross proceeds of $1,029,339.74. The company paid finders a commission of $63,838.23 and issued 982,126 broker warrants. Each warrant allows the purchase of one common share at $0.065 for one year. The funds will be used for Canadian exploration expenses qualifying as flow-through mining expenditures. Insiders participated by subscribing for 846,000 shares.

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) has provided an update on its Phase 1 exploration campaign at the Copper Road Project in Ontario, Canada. The company has identified multiple high-priority copper exploration zones using various techniques, including:

- Collection of 1,200 surface soil samples showing strong copper-molybdenum anomalies
- Inversion of a 3,777-line kilometer airborne magnetic survey
- Advanced modeling of historical airborne electromagnetic survey data
- Interpretation of a new 10cm resolution LiDAR survey
- Digitization of over 200,000 pages of historical documents

Early mapping has revealed numerous copper sulphide mineralization showings. The company is now focusing on pinpointing large-scale copper targets within the extensive mineralized area and advancing priority drill targets.

Sterling Metals has commenced its inaugural Phase 1 exploration campaign at the Copper Road Project, located 80km north of Sault Ste. Marie, Ontario. The 25,000ha project is a high-potential site for copper, molybdenum, silver, and gold.

Key activities completed by May and June include a 3,777-line kilometer airborne survey, property-wide physical testing, and a 5,000-sample surface program. The company aims to define targets for future drilling through advanced modeling of historical geophysical data, expected to complete in July.

Jeremy Niemi, SVP of Exploration, highlighted the geological potential of the site, emphasizing the integration of historical data with new geophysics and surface mapping methods. Sterling Metals aims to identify new high-chargeability zones and further define the mineralization at Copper Road.

Sterling Metals has exercised its option to acquire 100% of the Adeline Copper-Silver Project in Labrador from Chesterfield Resource, finalizing by June 30, 2024. The transaction involves a CAD$200,000 cash payment and the issuance of 8.5 million common shares, giving Chesterfield a 5.46% stake in Sterling Metals. CEO Mathew Wilson highlighted the project's significant potential and strategic positioning, enhancing Sterling's leverage in copper and silver markets. The inaugural drill program completed in December 2023 confirmed copper mineralization in 10 out of 11 holes. Sterling has engaged ALS GoldSpot Discoveries for advanced remote sensing and targeting studies to improve exploration efforts.

Sterling Metals has appointed Mark Goodman as Chairman, following a recent transaction with Copper Road Resources Inc. Goodman, with over 25 years of mining experience, previously served as President of Dundee He replaces Richard Patricio, who will remain as an advisor. The Copper Road Project is expected to be a significant value driver for Sterling, with well-defined targets and regional potential. The company distributed 86,249,546 Consideration Shares to Copper Road Resources shareholders, with further updates on the Copper Road Project anticipated soon.

Sterling Metals Corp. has completed the acquisition of the Copper Road Project in Ontario, adding a high-potential copper-moly-silver-gold project to its portfolio. The project benefits from strategic proximity to infrastructure and recent drill holes suggest significant mineralization potential. Sterling issued over 108 million Common Shares in exchange for the acquisition and paid $460,000 in cash. The CEO highlighted the opportunity in the new copper supercycle and plans to commence exploration soon.