Sterling Metals Corp. - SAGGF STOCK NEWS

Sterling Metals Corp. (TSXV:SAG, OTCQB:SAGGF) has received TSX Venture Exchange approval for its option agreement with Chesterfield Resources Plc to acquire a 100% interest in the Adeline Copper-Silver Project in Labrador, Canada. The Company made an initial cash payment of $300,000 and issued 4.5 million common shares valued at CAD $0.1725 each. The Adeline Project spans 30,000 hectares and features drill-ready targets, with promising geological data including surface samples showing up to 26.9% copper. The project is strategically located near essential infrastructure, facilitating future exploration and development efforts.

Sterling Metals Corp. (TSXV:SAG, OTCQB:SAGGF) has entered into an exclusive option agreement with Chesterfield Resources to acquire 100% of the Adeline Copper-Silver Project in Labrador, Canada. This project spans 297 km² and boasts strong geological potential for high-grade copper and silver mineralization. Highlights include two drill-ready targets and historical copper samples with grades up to 26.9% Cu. The acquisition involves $800,000 in cash payments and 9 million shares to Chesterfield. CEO Mathew Wilson emphasized the importance of new discoveries for Canada's critical metals supply, while Dr. Neil O'Brien highlighted the project's potential for significant new copper discoveries.

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) announced the appointment of Dr. Neil O'Brien and Dr. Stephen J. Piercey to its technical advisory board, alongside the promotion of Mr. Jeremy Niemi to Senior Vice President, Exploration and Evaluation. These changes come as the company expands its mineral footprint at Sail Pond, focusing on understanding its geological potential. The company also engaged Momentum IR Corp. for investor relations, with a 12-month contract at $8,500 per month. Furthermore, 2,000,000 options for common shares were granted at a price of $0.21 each, with a four-month hold period.

Sterling Metals Corp. (TSXV:SAG, OTCQB:SAGGF) provided an exploration update for its Sail Pond project in Newfoundland. Drilling has progressed over 5,500 meters, although assay results are delayed, which impacts response strategies. Despite challenges from declining metals prices and supply chain disruptions, the company maintains a strong balance sheet with $4.8M raised this year, allowing for continued exploration. The project shows significant potential due to its extensive mineralization footprint. The team has expanded with experienced industry professionals to enhance exploration efforts.

Sterling Metals Corp. (TSXV:SAG, OTCQB:SAGGF) has announced the start of its 2022 exploration program at the Sail Pond project in Newfoundland, which includes drilling at the Heimdall Zone and regional target generation. The drilling campaign, commencing June 15, will cover 7,500 meters and aim to expand mineralization identified in 2021. The company has generated 38 new drill targets within a 12 km mineralized corridor. CEO Mathew Wilson expressed optimism about uncovering a high-grade silver district, supported by successful recent financings.

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) announced results from its drilling program at the Sail Pond Project in Newfoundland. Notable findings include assay results of 4,413.58 g/t Ag Eq over 0.34 m and 190.94 g/t Ag Eq over 2.52 m from hole SP-21-023. The company is focusing on the South Zone and has reported significant mineralization, confirming the project's potential along a 12 km trend. CEO Mathew Wilson highlighted the favorable mineralization conditions for future drilling, reinforcing confidence in the project's prospects.

Sterling Metals Corp. (TSXV:SAG, OTCQB:SAGGF) has initiated a maiden drilling program on its Sail Pond project in Newfoundland, targeting 7,500 metres over approximately four months. Initial drills will focus on the South Zone, previously showing high-grade mineralization with samples revealing up to 4,526.1 g/t Ag and 14.9% Cu. A gravity survey supports these targets, indicating potential mineralized bodies. The project is fully funded and aims for further expansion beyond the initial drilling. The company has also issued broker warrants as part of its financing strategy.

Sterling Metals Corp. (TSXV:SAG, OTCQB:SAGGF) has officially commenced trading on the OTCQB Venture Market as of May 24, 2021. This transition aims to enhance accessibility for U.S.-based retail and institutional investors, coinciding with the company's focus on its mineral properties in North America. CEO Mathew Wilson expressed optimism regarding the increased interest in silver exploration and the opportunity to reach a broader investor base ahead of the upcoming drill program. The OTCQB provides a streamlined platform for transparency and investor engagement.