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STLLR Gold Intersects 2.81 g/t Au over 18.50 m (Including 71.80 g/t Au over 0.50 m) at the Colomac Main Deposit

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STLLR Gold Intersects 2.81 g/t Au over 18.50 m (Including 71.80 g/t Au over 0.50 m) at the Colomac Main Deposit

 

 

 

 

 

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces the final batch of 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 1-5):

 

Zone Hole ID Assay Result
Colomac Main 2.5 C24-14 2.81 g/t Au over 18.50 m (incl. 71.80 g/t Au over 0.50 m) &
1.33 g/t Au over 34.00 m (incl. 4.46 g/t Au over 3.55 m) &
0.74 g/t Au over 20.00 m (incl. 12.20 g/t Au over 0.50 m)
Colomac Main 3.0 C24-12 0.85 g/t Au over 37.00 m (incl. 1.03 g/t Au over 24.45 m)

 

g/t Au“: grams per tonne gold; “m“: metres

 

Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: “Our 2024 drilling campaign at Colomac concluded successfully, revealing mineralized zones beyond the known mineralization and below the 2023 Colomac PEA pit shell1. The results suggest the potential to expand the Project’s estimated mineral resources. With exploration drilling at both Colomac and the Tower Gold Project in Timmins now complete, we are focused on finalizing the updated Mineral Resource Estimate for the Tower Gold Project.”

 

Colomac Gold Project Drilling – Colomac Main Deposit (See Figures 1-5)

 

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.

 

The 2024 drilling campaign focused on the southern end of Colomac Main (Zones 2.5, 3.0, and 3.5) in areas with limited data and potential for higher-grade gold mineralization. The latest 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 C24-14 and C24-12 encountered intervals of mineralized quartz-diorite, the primary host rock for gold in the deposit, below the known mineralization.

 

Figure 1: Colomac Gold Project – Regional Map

 

 Figure 2: Colomac Main Deposit – Drill Location Map

 

 Figure 3: Colomac Main Deposit – Longitudinal Section Looking West

 

 Figure 4: Colomac Main Deposit – Cross Section “C-D” Looking North

 

 Figure 5: Colomac Main Deposit – Cross Section “A-B” Section Looking North

 

 

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 2.0 C24-11 299.30 300.00 0.70 2.68 1.88
Colomac Main 2.0 and 340.50 342.00 1.50 1.70 2.55
Colomac Main 3.0 C24-12 300.50 305.50 5.00 1.01 5.05
Colomac Main 3.0 and 320.00 357.00 37.00 0.85 31.45
Colomac Main 3.0 including 327.50 351.95 24.45 1.03 25.18
Colomac Main 2.5 C24-13 437.00 438.50 1.50 1.19 1.79
Colomac Main 2.5 and 453.75 471.30 17.55 0.33 5.79
Colomac Main 2.5 and 491.50 495.00 3.50 2.69 9.42
Colomac Main 2.5 C24-14 480.50 499.00 18.50 2.81 51.99
Colomac Main 2.5 including 498.50 499.00 0.50 71.80 35.90
Colomac Main 2.5 and 545.75 552.35 6.60 0.60 3.96
Colomac Main 2.5 including 545.75 546.50 0.75 3.16 2.37
Colomac Main 2.5 and 562.75 568.00 5.25 0.55 2.89
Colomac Main 2.5 and 594.50 602.00 7.50 0.83 6.23
Colomac Main 2.5 and 612.50 646.50 34.00 1.33 45.22
Colomac Main 2.5 including 614.70 618.25 3.55 4.46 15.83
Colomac Main 2.5 and 659.25 679.25 20.00 0.74 14.80
Colomac Main 2.5 and 697.50 698.00 0.50 12.20 6.10
Colomac Main 2.5 C24-15 163.50 164.00 0.50 19.00 9.50
Colomac Main 2.5 and 332.15 332.65 0.50 15.75 7.88
Colomac Main 2.5 and 495.00 496.00 1.00 2.32 2.32
Colomac Main 2.5 and 518.00 518.50 0.50 4.15 2.08
Colomac Main 2.5 and 528.75 545.00 16.25 0.55 8.94
Colomac Main 2.5 and 558.80 562.50 3.70 0.57 2.11
Colomac Main 2.5 and 602.90 604.40 1.50 1.63 2.45
Colomac Main 2.5 and 623.80 627.40 3.60 0.87 3.13
Colomac Main 2.5 and 639.15 641.00 1.85 1.05 1.94
Colomac Main 2.5 and 654.55 656.00 1.45 1.81 2.62
Colomac Main 2.5 and 680.25 689.75 9.50 1.05 9.98
Colomac Main 2.5 and 746.75 747.50 0.75 2.18 1.64

 

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 2.0 C24-11 592203.00 7142486.99 343.46 265.00 -78.00 477.00
Colomac 3.0 C24-12 591692.01 7141552.02 362.74 115.00 -64.00 399.00
Colomac 2.5 C24-13 591751.00 7141789.00 357.00 85.00 -68.00 543.00
Colomac 2.5 C24-14 591759.00 7141833.00 358.00 83.00 -71.00 720.00
Colomac 2.5 C24-15 591828.02 7141762.01 368.00 44.00 -71.00 840.00

 

 

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 50 g charge is 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. 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.

 

Posted September 16, 2024

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