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STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit

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STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit

 

 

 

 

 

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces the remaining assay results from the infill and confirmatory drilling program at the Jonpol Deposit at the Garrison (Eastern) area of the Tower Gold Project in Timmins, Ontario, Canada.

Table 1: Jonpol Drilling Highlights:

 

Hole ID Deposit Result
MGA23-156 Jonpol 1.19 g/t Au over 23.00 m (incl. 6.05 g/t Au over 2.00 m) &

2.09 g/t Au over 21.00 m (incl. 7.46 g/t Au over 3.20 m)

MGA23-157 Jonpol 1.34 g/t Au over 31.00 m (incl. 6.09 g/t Au over 2.00 m)
MGA23-193 Jonpol 1.58 g/t Au over 14.00 m (incl. 8.45 g/t Au over 2.00 m)
MGA23-194 Jonpol 3.15 g/t Au over 3.30 m (incl. 4.98 g/t Au over 2.00 m) &

0.74 g/t Au over 28.70 m (incl. 1.88 g/t Au over 6.00 m)

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

 

Tower Gold Project Update:

  • 123,290 m, in 453 drill holes, of the 140,000 m infill drill program completed have been released.

 

Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR, stated: “Results from the Jonpol Deposit drilling improves our confidence in the resource block model. In addition, the higher-grade intercepts from holes MGA23-156, MGA23-157, MGA23-193, and MGA23-194 compared to the Tower MRE block model estimate suggests the potential to expand the known mineralization of the deposit.”

 

“We anticipate receiving the remaining assay results from our Tower Gold Project drilling in the coming weeks and plan to update the markets accordingly.”

 

Jonpol Deposit Drilling

 

The Jonpol Deposit is located on the eastern end (Garrison Area) of the Tower Gold Project in Timmins, Ontario (See Figure 1 for the Tower Gold Project – General Location Map). Mineralization at Jonpol is associated with shear zones within mafic to ultramafic rocks, and is modelled as four contiguous mineralized zones along the Munro Fault, which is a splay from the regional Destor-Porcupine Fault Zone. The 2023 drill program at Jonpol was focused on the near-surface infill (up to 150 m below the surface) and extensions of the Tower Gold Project Mineral Resource Estimate1.

 

The results from this batch of drilling (please also refer to the Company’s December 7, 2023 news release for the previous batch of drilling at Jonpol) appear to confirm the continuity of the Jonpol mineralization as estimated by the Tower MRE block model. This is evident particularly with holes MGA23-164, MGA23-197 and MGA23-199A. In addition:

  • Drill holes MGA23-156 and MGA23-157 (See Figures 2, 3, & 4): Intersected grades that are higher than the Tower MRE block model.
  • Drill holes MGA23-193 and MGA23-194 (See Figures 2 & 3): Intersected near-surface mineralization and elevated grades outside the Tower MRE block model.
  • Drill holes MGA23-167 and MGA23-196: Geomechanical drilling that will benefit future pit shell designs.

 

Overall, the drilling at Jonpol confirmed the resource block model, potentially increasing the estimated grades locally in some areas. The increased drill density (50 m drill-centre spacings) provides additional confidence in the Tower MRE block model, with the potential to upgrade the areas drilled to a higher resource category and further define future geological models.

 

Table 2: Tower Gold – Jonpol Deposit: Drill Intercepts

 

Zone Hole Number From

(m)

To

(m)

Interval

(m)

Graude

(g/t Au)

Metal Factor
(g/t Au x m)
Jonpol MGA23-156 37.00 60.00 23.00 1.19 27.37
Jonpol including 52.00 54.00 2.00 6.05 12.10
Jonpol and 94.00 115.00 21.00 2.09 43.89
Jonpol including 102.00 105.20 3.20 7.46 23.87
Jonpol MGA23-157 27.00 58.00 31.00 1.34 41.54
Jonpol including 29.00 31.00 2.00 6.09 12.18
Jonpol MGA23-164 65.00 69.00 4.00 1.17 4.68
Jonpol and 170.00 178.00 8.00 0.50 4.00
Jonpol MGA23-167 Geomechanical; No significant intervals
Jonpol MGA23-193 60.50 74.50 14.00 1.58 22.05
Jonpol including 60.50 62.50 2.00 8.45 16.90
Jonpol and 86.50 97.60 11.10 0.48 5.33
Jonpol MGA23-194 11.70 15.00 3.30 3.15 10.40
Jonpol including 11.70 13.70 2.00 4.98 9.96
Jonpol and 24.00 52.70 28.70 0.74 21.24
Jonpol including 33.00 39.00 6.00 1.88 11.28
Jonpol MGA23-196 Geomechanical; No significant intervals
Jonpol MGA23-197 No significant intervals
Jonpol MGA23-199A No significant intervals
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: Tower Gold – Jonpol Deposit: Resource Infill Drill Hole Details

 

Zone Hole Number Easting Northing Elevation Azimuth Inclination End of Hole Depth (m)
Jonpol MGA23-156 577928.098 5374330.467 282.14 150.03 -57.03 171.0
Jonpol MGA23-157 578008.214 5374303.119 283.45 329.99 -57.02 87.0
Jonpol MGA23-164 578412.65 5374417.027 289.038 155.01 -57.02 225.0
Jonpol MGA23-167 577564.098 5374243.635 290.453 10.03 -75.10 147.0
Jonpol MGA23-193 577229.846 5374063.905 303.824 149.94 -56.11 141.0
Jonpol MGA23-194 577313.205 5374094.308 298.748 160.11 -58.02 141.0
Jonpol MGA23-196 577363.087 5374059.865 298.25 179.97 -75.03 147.0
Jonpol MGA23-197 577457.562 5374082.552 297.182 334.01 -57.10 171.0
Jonpol MGA23-199A 577515.236 5374126.209 287.454 340.04 -57.14 60.0

 

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 favorable 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.

 

 

Figure 1: Tower Gold Project – General Location Map (Photo: Business Wire)

 

Figure 2: Tower Gold Project – Jonpol Deposit: Infill Drill Location Map (Photo: Business Wire)

 

Figure 3: Tower Gold Project – Jonpol Deposit: Infill Drilling Cross Section “A-B” (Photo: Business Wire)

 

Figure 4: Tower Gold Project – Jonpol Deposit: Infill Drilling Cross Section “C-D” (Photo: Business Wire)

 

Posted March 28, 2024

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