STLLR Gold Provides its 2025 and Long-Term Plans and Introduces the Hollinger Tailings Project
STLLR Gold has outlined its 2025 plans and long-term outlook for its Tower Gold Project in Timmins, Ontario, and Colomac Gold Project in Northwest Territories. The company introduced the Hollinger Tailings Project in Timmins, a strategic opportunity near existing processing facilities.
Key 2025 plans include delivering an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for Tower in H1-2025, conducting 5,000-7,000 metres of drilling, and initiating metallurgical programs. For the Hollinger Tailings Project, which contains an estimated 50-60 million tonnes of tailings from the historic Hollinger Mine, STLLR plans a 10,000-12,000-metre characterization program.
Long-term strategy focuses on advancing Tower to shovel-ready status within 36-48 months, including completing a Pre-Feasibility Study in 24 months and submitting Federal Environmental Assessment in 30 months. Colomac's advancement depends on securing additional funding.
STLLR Gold ha delineato i suoi piani per il 2025 e la prospettiva a lungo termine per il suo Tower Gold Project a Timmins, Ontario, e Colomac Gold Project nei Territori del Nord-Ovest. L'azienda ha presentato il Hollinger Tailings Project a Timmins, un'opportunità strategica vicino agli impianti di lavorazione esistenti.
I piani chiave per il 2025 includono la consegna di una stima aggiornata delle risorse minerarie (MRE) e una valutazione economica preliminare (PEA) per Tower nella prima metà del 2025, la realizzazione di 5.000-7.000 metri di perforazioni e l'avvio di programmi metallurgici. Per il Hollinger Tailings Project, che contiene un'importante quantità stimata di 50-60 milioni di tonnellate di scarti della storica Hollinger Mine, STLLR prevede un programma di caratterizzazione di 10.000-12.000 metri.
La strategia a lungo termine si concentra sul portare Tower a uno stato pronto per l'operazione entro 36-48 mesi, comprese la conclusione di uno studio di pre-fattibilità in 24 mesi e la presentazione della valutazione ambientale federale in 30 mesi. L'avanzamento di Colomac dipende dal reperimento di ulteriore finanziamento.
STLLR Gold ha esbozado sus planes para 2025 y la perspectiva a largo plazo para su Tower Gold Project en Timmins, Ontario, y Colomac Gold Project en los Territorios del Noroeste. La compañía presentó el Hollinger Tailings Project en Timmins, una oportunidad estratégica cerca de las instalaciones de procesamiento existentes.
Los planes clave para 2025 incluyen la entrega de una estimación actualizada de recursos minerales (MRE) y una evaluación económica preliminar (PEA) para Tower en el primer semestre de 2025, realizar entre 5,000 y 7,000 metros de perforación e iniciar programas metalúrgicos. Para el Hollinger Tailings Project, que contiene un estimado de 50-60 millones de toneladas de relaves de la histórica mina Hollinger, STLLR planea un programa de caracterización de 10,000-12,000 metros.
La estrategia a largo plazo se centra en avanzar Tower hacia un estado listo para la operación en un plazo de 36-48 meses, lo que incluye completar un estudio de pre-factibilidad en 24 meses y presentar la evaluación ambiental federal en 30 meses. El avance de Colomac depende de obtener financiamiento adicional.
STLLR Gold는 온타리오주 팀민스에 위치한 Tower Gold Project와 노스웨스트 준주에 있는 Colomac Gold Project에 대한 2025년 계획 및 장기 전망을 제시했습니다. 이 회사는 현재 가공 시설 근처에 위치한 전략적 기회인 Hollinger Tailings Project를 팀민스에 도입했습니다.
2025년의 주요 계획에는 2025년 상반기에 Tower의 갱신된 광물 자원 추정치(MRE)와 예비 경제 평가(PEA)를 제공하고, 5,000~7,000미터의 드릴링을 실시하며, 금속공학 프로그램을 시작하는 것이 포함됩니다. 역사적인 홀린저 광산의 슬러지가 약 5,000만 톤에서 6,000만 톤으로 추정되는 홀린저 슬러지 프로젝트의 경우 STLLR은 10,000~12,000미터의 특성화 프로그램을 계획하고 있습니다.
장기적인 전략은 Tower를 36-48개월 이내에 작업 준비 완료 상태로 발전시키는 데 초점을 맞추고 있으며, 여기에는 24개월 내에 예비 조사를 완료하고 30개월 내에 연방 환경 평가를 제출하는 것이 포함됩니다. Colomac의 발전은 추가 자금을 확보하는 것에 달려 있습니다.
STLLR Gold a exposé ses plans pour 2025 et sa perspective à long terme pour son Tower Gold Project à Timmins, Ontario, et son Colomac Gold Project dans les Territoires du Nord-Ouest. L'entreprise a présenté le Hollinger Tailings Project à Timmins, une opportunité stratégique près des infrastructures de traitement existantes.
Les principaux plans pour 2025 incluent la livraison d'une estimation mise à jour des ressources minérales (MRE) et d'une évaluation économique préliminaire (PEA) pour Tower au cours du premier semestre 2025, la réalisation de 5 000 à 7 000 mètres de forage, et le lancement de programmes métallurgiques. Pour le projet de résidus de Hollinger, qui contient environ 50 à 60 millions de tonnes de résidus provenant de l'ancienne mine de Hollinger, STLLR prévoit un programme de caractérisation de 10 000 à 12 000 mètres.
La stratégie à long terme se concentre sur l'avancement de Tower vers un statut opérationnel prêt au creusement en 36 à 48 mois, y compris la finalisation d'une étude de préfaisabilité dans 24 mois et la soumission d'une évaluation environnementale fédérale dans 30 mois. L'avancement de Colomac dépend de l'obtention d'un financement supplémentaire.
STLLR Gold hat seine Pläne für 2025 und die langfristige Perspektive für sein Tower Gold Project in Timmins, Ontario, und Colomac Gold Project in den Nordwest-Territorien skizziert. Das Unternehmen stellte das Hollinger Tailings Project in Timmins vor, eine strategische Gelegenheit in der Nähe bestehender Verarbeitungsanlagen.
Die wichtigsten Pläne für 2025 beinhalten die Bereitstellung einer aktualisierten Schätzung der Mineralressourcen (MRE) und einer vorläufigen Wirtschaftlichkeitsanalyse (PEA) für Tower in der ersten Jahreshälfte 2025, die Durchführung von 5.000 bis 7.000 Metern Bohrungen und den Beginn metallurgischer Programme. Für das Hollinger Tailings Project, das schätzungsweise 50-60 Millionen Tonnen Rückstände aus der historischen Hollinger Mine enthält, plant STLLR ein Charakterisierungsprogramm über 10.000 bis 12.000 Meter.
Die langfristige Strategie konzentriert sich darauf, Tower innerhalb von 36-48 Monaten in einen betriebsbereiten Zustand zu versetzen, einschließlich der Durchführung einer Machbarkeitsstudie innerhalb von 24 Monaten und der Einreichung einer bundesstaatlichen Umweltauswertung in 30 Monaten. Der Fortschritt von Colomac hängt von der Sicherstellung zusätzlicher Mittel ab.
- Strategic acquisition of Hollinger Tailings Project with low capital requirements and proximity to existing processing facilities
- Strong balance sheet supporting planned developments
- Planned release of Tower MRE and PEA in H1-2025
- Historical Hollinger Mine produced 19 million ounces of gold at 9.9 g/t average grade
- Recent Mining Act changes simplify permitting process for tailings reprocessing
- Colomac project advancement contingent on securing additional funding
- 1.5% net smelter royalty obligation on Hollinger Tailings Project
Toronto, Ontario--(Newsfile Corp. - February 3, 2025) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) ("STLLR" or the "Company") outlines its 2025 plans and long-term outlook for the Tower Gold Project ("Tower") in Timmins, Ontario, and the Colomac Gold Project ("Colomac") in the Northwest Territories ("NWT"), Canada.
The Company is also thrilled to introduce its Hollinger Tailings Project in Timmins, Ontario, highlighting its debut and outlining plans for 2025. Situated within the city of Timmins and conveniently close to existing processing facilities, the project stands out as a strategic opportunity. Recent changes to the Ontario Mining Act1 ("Mining Act") simplify the permitting process to unlock the economic potential of reprocessing mine tailings while encouraging environmental remediation of legacy sites. With low capital requirements and a favourable gold price environment, the Hollinger Tailings Project presents significant upside potential for STLLR.
Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR, commented: "We believe 2025 will be a pivotal year for STLLR. With a strong balance sheet supporting our plans, we are focused on advancing key projects. At Tower, we aim to deliver an updated MRE and PEA. InnovExplo2 will oversee the completion of the MRE and G Mining Services will oversee the completion of the PEA. Both reports are progressing in parallel and will be disclosed simultaneously and under one technical report. Additionally, we will continue exploration in the Timmins area and progress environmental baseline studies to secure the necessary permits, as we advance Tower to shovel-ready status."
"We are enthusiastic about the potential of our Hollinger Tailings Project in Timmins. After months of preparation, we are now set to quantify its value. Recent updates to the Mining Act could position the project as a near-term cash flow opportunity at current gold prices, while furthering our environmental commitment to reclaiming this historical site."
"Located near existing processing facilities with available capacity, the project presents a promising opportunity for additional mill feed within the Timmins camp. In Q1 2025, we plan to conduct a tailings characterization program. Based on our findings, we will move forward with a mineral resource estimate and, if justified, a preliminary economic assessment. With minimal capital requirements, the Hollinger Tailings Project has the potential to be a game changer for STLLR Gold. Stay tuned for updates as we advance this exciting opportunity!"
"Looking ahead, our long-term vision is to bring our Tower and Colomac projects to shovel-ready status, with Tower as the priority due to its proximity to existing infrastructure. Our goal is reaching a shovel-ready stage for Tower within 36 to 48 months."
2025 Ontario Activities
- Updated Tower Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") in H1-2025:
STLLR plans to release the Tower MRE and PEA together in H1-2025. The MRE will benefit from over 120 km of infill drilling and improved geological models. Verification of historical drilling at Garrison provides added confidence to the MRE data. The PEA will detail an updated mine plan and economics for Tower, showcasing optimized throughput and production.
- Exploration, Technical and Permitting Activities:
STLLR plans to drill 5,000-7,000 metres at Tower to enhance mineral resource confidence. The Company will initiate a metallurgical program as well as other studies that will drive Tower towards a pre-feasibility study ("PFS"). Additionally, STLLR will continue environmental baseline studies necessary for permitting.
- Hollinger Tailings Project:
The Hollinger Tailings Project, located in the southeast area of the city of Timmins, Ontario (see Figure 1), is where tailings from the Hollinger Mine were stored. The Hollinger Mine, which operated from 1910-1968, was at one time the world's largest gold mine. It produced 19 million ounces of gold at an average grade of 9.9 grams per tonne.3 An estimated 50-60 million tonnes of tailings were placed at the Hollinger Tailings Project. STLLR plans to conduct a 10,000-12,000-metre characterization program of the tailings, establishing a path forward for a potential mineral resource estimate. There is a
Figure 1: Map of Timmins, Ontario and Location of the Hollinger Tailings Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4852/239325_92f19bef0432b96c_001full.jpg
2025 NWT Activities
STLLR plans to install solar panels at Colomac, under a lease agreement with the Tłı̨chǫ Investment Corporation4, evaluate high-priority drilling targets, perform reclamation, and assess permitting activities. These site enhancements will enable more cost-effective, environmentally-conscious drilling and permitting in the future.
Long-Term Strategy
STLLR management is focused on advancing the Tower and Colomac projects to shovel-ready status, recognizing their potential to create value for the Company. Given its proximity to existing infrastructure, Tower will be the near-term priority. The Company estimates the following milestones for Tower:
Deliver PFS in 24 months.
Complete environmental baseline work and submit Federal Environmental Assessment ("EA") in 30 months.
Deliver Feasibility Study ("FS") in 36-48 months.
Colomac's advancement is contingent on securing additional funding, with priority given to Tower's expenditures. The Company is continuing to evaluate various funding and strategic opportunities for Colomac.
John McBride, MSc., P.Geo., VP Exploration of STLLR, is a "Qualified Person" as defined by National Instrument 43-101, has reviewed and approved of the scientific and 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
Cautionary Statement Regarding 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 completion and timing of the delivery of the Tower PEA and MRE, the timing of the potential advancement of Tower towards PFS and DFS within 24-48 months, the completion of the environmental baseline work and submission of an EA in 30 months, the infill and expansion of the known mineralization at the Tower Gold Project, the planned drilling metres, the planned characterization program of the Hollinger Tailings Project, the potential and strategic nature of the Hollinger Tailings Project, the potential contents of the Hollinger Tailings Project and the ability to advance it towards a mineral resource estimate and preliminary economic assessment, the capex requirements, the ability to secure permits and toll-milling agreements for the Hollinger Tailings Project, the ability to advance the Hollinger Tailings Project towards potential cash flow at current gold prices, timing of the release of the assay results, the completion of the solar farm installation at Colomac, the funding of activities in 2025 and beyond, 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 towards 'shovel-ready' status, 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 Ontario's new "Mining Act for Recovery of Minerals" regulation to be in effect July 1, 2025. For more details: https://news.ontario.ca/en/release/1005407/ontario-supporting-recovery-of-residual-metals-and-minerals
2 InnovExplo is a member of Norda Stelo Inc.
3 Hollinger Historical Production Statistics, Geology Ontario database: https://www.geologyontario.mines.gov.on.ca/persistent-linking?mineral-inventory=MDI42A06NW00007
4 See STLLR May 29, 2024 news release for more details
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239325
FAQ
What are STLLR Gold's (STLRF) main development targets for 2025?
How many tonnes of tailings are estimated at STLLR's (STLRF) Hollinger Tailings Project?
What is STLLR Gold's (STLRF) timeline for bringing Tower Gold Project to shovel-ready status?
What was the historical gold production at the original Hollinger Mine acquired by STLLR (STLRF)?
