STLLR Gold Intersects 1.56 g/t Au over 62.30 m and 1.12 g/t Au over 99.40 m at the Colomac Main Deposit
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) has announced significant assay results from its exploration drilling at the Colomac Gold Project in the Northwest Territories, Canada. Key highlights include:
- 1.56 g/t Au over 62.30 m (including 2.83 g/t Au over 12.15 m and 2.96 g/t Au over 13.50 m) in Zone 2.5
- 1.12 g/t Au over 99.40 m (including 2.44 g/t Au over 11.15 m) in Zone 3.0
- 0.74 g/t Au over 35.25 m (including 11.40 g/t Au over 1.20 m) in Zone 3.0
The drilling program focused on the southern end of the Colomac Main Deposit, targeting areas with drilling data and potential for higher-grade gold mineralization. Significant coarse gold intersections were found outside the 2023 Colomac PEA pit-shell, indicating potential for mineral resource growth.
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) ha annunciato risultati significativi dai suoi scavi esplorativi presso il Colomac Gold Project nei Territori del Nord-Ovest, Canada. I punti salienti includono:
- 1.56 g/t Au su 62.30 m (incluso 2.83 g/t Au su 12.15 m e 2.96 g/t Au su 13.50 m) nella Zona 2.5
- 1.12 g/t Au su 99.40 m (incluso 2.44 g/t Au su 11.15 m) nella Zona 3.0
- 0.74 g/t Au su 35.25 m (incluso 11.40 g/t Au su 1.20 m) nella Zona 3.0
Il programma di perforazione si è concentrato sulla parte meridionale del Deposito Principale di Colomac, mirato a aree con dati di perforazione e potenziale per una miniera d'oro di qualità superiore. Sono state trovate significative intersezioni di oro grezzo al di fuori della struttura PEA del pit di Colomac 2023, indicando potenziale per la crescita delle risorse minerarie.
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) ha anunciado resultados significativos de los ensayos de su perforación exploratoria en el Colomac Gold Project en los Territorios del Noroeste, Canadá. Los puntos clave incluyen:
- 1.56 g/t Au sobre 62.30 m (incluyendo 2.83 g/t Au sobre 12.15 m y 2.96 g/t Au sobre 13.50 m) en la Zona 2.5
- 1.12 g/t Au sobre 99.40 m (incluyendo 2.44 g/t Au sobre 11.15 m) en la Zona 3.0
- 0.74 g/t Au sobre 35.25 m (incluyendo 11.40 g/t Au sobre 1.20 m) en la Zona 3.0
El programa de perforación se centró en el extremo sur del Depósito Principal de Colomac, apuntando a áreas con datos de perforación y potencial para mineralización de oro de mayor grado. Se encontraron intersecciones significativas de oro grueso fuera de la estructura del potrero PEA de Colomac 2023, indicando potencial para el crecimiento de recursos minerales.
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF)는 캐나다 Northwest Territories의 Colomac Gold Project에서 탐사 드릴링의 주요 분석 결과를 발표했습니다. 주요 요점은 다음과 같습니다:
- 62.30m에서 1.56g/t Au (12.15m에서 2.83g/t Au 및 13.50m에서 2.96g/t Au 포함) 구역 2.5에서
- 99.40m에서 1.12g/t Au (11.15m에서 2.44g/t Au 포함) 구역 3.0에서
- 35.25m에서 0.74g/t Au (1.20m에서 11.40g/t Au 포함) 구역 3.0에서
이번 드릴링 프로그램은 Colomac 주요 매장지의 남쪽 끝에 초점을 맞추어, 드릴링 데이터와 고급 금광 존재 가능성이 있는 지역을 대상으로 했습니다. 2023년 Colomac PEA 피트 셸 외부에서 중요한 거친 금광이 발견되어, 광물 자원 성장 가능성을 나타냅니다.
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) a annoncé des résultats d'analyse significatifs issus de ses forages d'exploration sur le Colomac Gold Project dans les Territoires du Nord-Ouest, au Canada. Les points clés incluent :
- 1.56 g/t Au sur 62.30 m (y compris 2.83 g/t Au sur 12.15 m et 2.96 g/t Au sur 13.50 m) dans la Zone 2.5
- 1.12 g/t Au sur 99.40 m (y compris 2.44 g/t Au sur 11.15 m) dans la Zone 3.0
- 0.74 g/t Au sur 35.25 m (y compris 11.40 g/t Au sur 1.20 m) dans la Zone 3.0
Le programme de forage s'est concentré sur l'extrémité sud du Dépôt Principal de Colomac, ciblant des zones avec des données de forage et un potentiel de minéralisation en or de plus haute qualité. Des intersections d'or significatives ont été trouvées en dehors de la coque du puits PEA de Colomac 2023, indiquant un potentiel d'accroissement des ressources minérales.
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) hat bedeutende Analyseergebnisse aus den Explorationsbohrungen im Colomac Gold Project in den Nordwest-Territorien, Kanada, bekannt gegeben. Zu den wichtigsten Punkten gehören:
- 1.56 g/t Au über 62.30 m (einschließlich 2.83 g/t Au über 12.15 m und 2.96 g/t Au über 13.50 m) in Zone 2.5
- 1.12 g/t Au über 99.40 m (einschließlich 2.44 g/t Au über 11.15 m) in Zone 3.0
- 0.74 g/t Au über 35.25 m (einschließlich 11.40 g/t Au über 1.20 m) in Zone 3.0
Das Bohrprogramm konzentrierte sich auf das südliche Ende des Colomac-Hauptvorkommens und zielte auf Bereiche mit Bohrdaten und Potenzial für höhergradige Goldmineralisierungen. Bedeutende Goldwerte wurden außerhalb der 2023 Colomac PEA-Abbaugrube gefunden, was auf ein Wachstumspotenzial der Mineralressourcen hinweist.
- Significant gold intersections discovered, including 1.56 g/t Au over 62.30 m and 1.12 g/t Au over 99.40 m
- Coarse gold found in areas with previous drill data and outside the 2023 PEA pit-shell
- Continuous mineralized zone demonstrated over a 170 m strike length below the PEA pit-shell
- Potential for mineral resource growth at the Colomac Main Deposit
- None.
Toronto, Ontario--(Newsfile Corp. - August 1, 2024) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) ("STLLR" or the "Company") announces assay results from the exploration drilling at the Colomac Gold Project in the Northwest Territories, Canada.
Table 1: 2024 Exploration Drilling Highlights - Colomac Main Deposit (See Figures 1-7):
| Zone | Hole ID | Assay Result |
| Colomac Main 2.5 | C24-07 | 1.56 g/t Au over 62.30 m (incl. 2.83 g/t Au over 12.15 m and incl. 2.96 g/t Au over 13.50 m) & 8.16 over 1.05 m |
| Colomac Main 3.0 | C24-06 | 1.12 g/t Au over 99.40 m (incl. 2.44 g/t Au over 11.15 m) |
| Colomac Main 3.0 | C24-10 | 0.74 g/t Au over 35.25 m (incl. 11.40 g/t Au over 1.20 m) & 6.15 g/t Au over 0.85 m & 6.52 g/t Au over 2.00 m |
| "g/t Au": grams per tonne gold; "m": metres | ||
Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: "Our drilling program at the Colomac Main Deposit continues to impress. The results show significant coarse gold intersections in areas lacking drill data and lying outside the 2023 Colomac PEA pit-shell1. We strongly believe in the immense mineral resource growth potential of the Colomac Main Deposit, which remains open in several directions. We are expecting additional assay results from Colomac in the coming weeks."
Colomac Gold Project Drilling - Colomac Main Deposit (See Figures 1-7)
The Colomac Main Deposit, the primary deposit of the Colomac Gold Project, occurs in a north-south striking differentiated mafic sill, approximately 9 km long and up to 155 m wide, bounded by mafic volcanic rocks. Mineralization predominantly consists of free gold, associated with quartz-carbonate veining and minor sulphides.
The Colomac Main Deposit is divided into six mineralized zones along its strike. 2024 drilling focuses on the southern end (Zones 2.5, 3.0, & 3.5) of Colomac Main, targeting areas with limited drilling data and potential for higher-grade gold mineralization. This phase of drilling targeted Zones 2.5 and 3.0 below the 2023 Colomac PEA pit-shell1. Significant mineralization was intersected near deep cross-cutting geological fault structures. Holes C24-07 and C24-06 encountered coarse gold within wider than expected intervals of mineralized quartz-diorite, the primary host rock for gold in the deposit. Hole C24-07 is a 70 m step-out to the north along strike from previously released Hole C24-052, and, combined with previously released Hole C24-013, demonstrates a continuous mineralized zone over a 170 m strike length below the 2023 Colomac PEA pit-shell1. Additional drilling has tested the down-dip extension of this zone, with assay results pending.
Hole C24-10, located south of Hole C24-06, intersected lower-grade mineralization, ending with narrow, higher-grade intervals at depth. Hole C24-08 did not intersect significant mineralization due to an offset of the Colomac Main sill related to the deep cross-cutting geological structures.
Figure 1: Colomac Main - Photo of Coarse Gold Intersected by Hole C24-07 (360.95 m)
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Figure 2: Colomac Main - Photo of Coarse Gold Intersected by Hole C24-06 (267.75 m)
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Figure 3: Colomac Gold Project - Property Map and Deposit Locations
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Figure 4: Colomac Main - Exploration Results Map
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Figure 5: Colomac Main - Exploration Drilling Long Section "E-F" Looking West
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Figure 6: Colomac Main - Exploration Drilling Section "C-D" Looking North
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Figure 7: Colomac Main - Exploration Drilling Cross Section "A-B" Looking North
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Table 2: Exploration Drilling Intercepts
| Target | Hole ID | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Metal Factor (g/t Au x m) |
| Colomac Main 3.0 | C24-06 | 250.35 | 349.75 | 99.40 | 1.12 | 111.33 |
| Colomac Main 3.0 | including | 290.85 | 302.00 | 11.15 | 2.44 | 27.21 |
| Colomac Main 2.5 | C24-07 | 326.00 | 327.05 | 1.05 | 8.16 | 8.57 |
| Colomac Main 2.5 | and | 332.70 | 395.00 | 62.30 | 1.56 | 97.19 |
| Colomac Main 2.5 | including | 337.85 | 350.00 | 12.15 | 2.83 | 34.38 |
| Colomac Main 2.5 | & including | 356.75 | 370.25 | 13.50 | 2.96 | 39.96 |
| Colomac Main 3.0 | C24-08 | 382.50 | 393.50 | 11.00 | 0.36 | 3.96 |
| Colomac Main 2.0 | C24-09 | 502.50 | 507.75 | 5.25 | 1.85 | 9.71 |
| Colomac Main 2.0 | and | 513.25 | 517.25 | 4.00 | 0.61 | 2.44 |
| Colomac Main 3.0 | C24-10 | 281.50 | 286.05 | 4.55 | 0.76 | 3.46 |
| Colomac Main 3.0 | and | 308.20 | 343.45 | 35.25 | 0.74 | 26.09 |
| Colomac Main 3.0 | including | 341.25 | 342.45 | 1.20 | 11.40 | 13.68 |
| Colomac Main 3.0 | and | 370.40 | 371.25 | 0.85 | 6.15 | 5.23 |
| Colomac Main 3.0 | and | 391.75 | 393.75 | 2.00 | 6.52 | 13.04 |
| Note: All intercepts are calculated using a 0.30 g/t Au cut-off, a maximum of 5m internal dilution and no top cap applied. Drill intercepts are not true widths. | ||||||
Table 3: Exploration Drill Hole Details
| Zone | Hole ID | Easting | Northing | Elevation | Azimuth | Inclination | End of Hole Depth (m) |
| Colomac | C24-06 | 591926.99 | 7141518.01 | 369.17 | 298.00 | -77.00 | 402.00 |
| Colomac | C24-07 | 592059.00 | 7141951.00 | 368.00 | 270.00 | -78.00 | 415.00 |
| Colomac | C24-08 | 591865.00 | 7141390.00 | 364.00 | 271.00 | -81.00 | 488.00 |
| Colomac | C24-09 | 592296.00 | 7142624.00 | 345.00 | 290.00 | -80.00 | 561.00 |
| Colomac | C24-10 | 591845.00 | 7141314.00 | 362.00 | 279.00 | -80.00 | 441.00 |
Quality Control Procedures
NQ drill core is oriented and cut with half sent to ALS Laboratories Inc. (ALS) for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). ALS is an ISO 17025 accredited laboratory. A 30 g charge at Colomac are Fire Assayed and analyzed using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1.00 kg sample. STLLR inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and coarse reject sample duplicates, as well as completing routine third-party check assays at Bureau Veritas Commodities Canada Ltd.
Qualified Person
John McBride, MSc., P.Geo., Vice President of Exploration for STLLR, who is the "Qualified Person" as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.
About STLLR Gold
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) is a Canadian gold development company actively advancing two cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Each of these two projects has the potential for a long-life and large-scale operation and are surrounded by exploration land with favourable upside potential. STLLR's experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.
Contact Us
STLLR Gold Investor Relations
+1 (416) 863-2105 | investors@stllrgold.com | www.STLLRgold.com
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the potential expansion of the known mineralization at the Tower Gold Project and Colomac Gold Project, the discovery of new gold mineralization, the timing of the release of the assay results, the goals, synergies, strategies, opportunities, profile, mineral resources and potential production, project timelines, prospective shareholding, integration and comparables to other transactions, the future financial or operating performance of STLLR and STLLR's mineral properties and project portfolios, the advancement of the Tower Gold and Colomac Gold Projects, long-life and large-scale potential of the Tower and Colomac Gold Projects and exploration upside of the land packages. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "accelerate", "add" or "additional", "advancing", "anticipates" or "does not anticipate", "appears", "believes", "can be", "conceptual", "confidence", "continue", "convert" or "conversion", "deliver", "demonstrating", "estimates", "encouraging", "expand" or "expanding" or "expansion", "expect" or "expectations", "fast-track", "forecasts", "forward", "goal", "improves", "increase", "intends", "justification", "leading", "plans", "potential" or "potentially", "pro-forma", "promise", "prospective", "prioritize", "reflects", "re-rating", "robust", "scheduled", "stronger", "suggesting" or "suggests", "support", "updating", "upside", "will be" or "will consider", "work towards", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with required regulatory approvals, the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on supply chains, environmental risks, COVID-19 and other pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company's Annual Information Form for the year ended December 31, 2023, available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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1 For more information on the Colomac Gold Project Preliminary Economic Assessment ("2023 Colomac PEA"), please refer to the NI 43-101 technical report titled "Colomac Gold Project NI 43-101 Technical Report and Preliminary Economic Assessment, Northwest Territories, Canada" dated June 9, 2023 which is available on SEDAR+ www.sedarplus.ca the Company's website (www.stllrgold.com).
2 Please refer to the STLLR June 26, 2024 news release on the Company's website (www.stllrgold.com) or on SEDAR+ (www.sedarplus.ca)
3 Please refer to the STLLR June 13, 2024 news release on the Company's website (www.stllrgold.com) or on SEDAR+ (www.sedarplus.ca)
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FAQ
What were the key gold intersections reported by STLLR Gold (STLRF) at the Colomac Main Deposit?
Where is the Colomac Gold Project located?
What is the significance of the drilling results for STLLR Gold (STLRF)?
What is the primary host rock for gold in the Colomac Main Deposit?
