Stelmine initiates a new exploration campaign on its Joubert gold property
QUEBEC CITY, Aug. 19, 2020 (GLOBE NEWSWIRE) — Stelmine Canada (“Stelmine”) (STH-TSXV) is pleased to reveal the start of its exploration campaign on the Joubert gold property. The property is located in the la Grande Sub-province near the contact with the metasedimentary Opinaca Sub-province
Objectives of the 2020 exploration campaign The target of the 2020 exploration campaign will be on the new northeastern extension of the property containing a significant gold value of 6.81 g/t.Stelmine will explore in more details the new claims carrying out geological mapping, overburden stripping followed by channel sampling on mineralized sites. Till samples will be also collected.The duration of the work is 7 to 10 days.The Joubert property is composed of 247 claims totaling 128 km2, 100% owned by Stelmine. It is situated 55 km northeast of the Renard diamond mine that can be reached via Road 167. The property exposes a lithological package of metasedimentary rocks composed of sillimanite-cordierite paragneiss, migmatized paragneiss (Solomon Formation) in contact with basaltic metavolcanic rocks, occasionally pillowed (Trieste formation, and intruded by ultramafic plutons and foliated tonalites-granodiorites.Previous work completed by Stelmine in 2018 and 2019 lead to the discovery of a gold showing yielding 6.81 g/t Au value from a grab rock sample collected in the western extension of the Joubert mineralized zone. This discovery adds to the 0.83 g/t on 1.5 m and 1.10 g/t on 0.25 m concentrations provided by channel samples collected 20 m from the main gold showing unearthed by Virginia Gold in 1997 (4.69 g/t et 0.48 g/t Au).Isabelle Proulx, President and CEO of Stelmine declares: “This new exploration phase on Joubert is designed to increase and better define a gold corridor already extending over a few kilometers. The geological and structural context bodes well for the discovery of new mineralization”.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101. Additional InformationThe Company wishes to acknowledge the departure of Mrs. Julie Lemieux who fulfilled the position of COO since February 2019. The Company is particularly grateful of his dedication, implication and meticulous work beneficial to the Company since April 2018. The management and employees whish Mrs. Lemieux great success in future endeavors.Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 843 claims spanning 438 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Eleonore Mine. Its capital stock consists of 37,324,046 issued and outstanding shares.
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