A New Gold Rush Is Just Getting Started In Canada - Seite 2

Big mining companies tend to hover around any potential for these deposits … even more so if the exploration is made by a junior explorer who does all the hard work proving it up. That's when we think junior mining stocks could see three-digit gains. Amex saw gains like these and it only found gold.

Starr Peak (STE.V; STRPF), whose shareholders now include Amex founders, is hoping to prove up much more than that, including silver, copper, and zinc.

On its first drill at its NewMetal project, which includes the Normetal Mine, Starr Peak confirmed the presence of zinc-rich massive sulfide intervals returning zinc, copper, silver, and gold. And massive sulfide mineralization … Proving up this play would mean a brilliant diversification of strategic metals for Starr Peak. It could also put them on some big mining radar.

Johnathan More, Chairman, and CEO of Starr Peak, commented on May 4th "I am thrilled with the large intervals of high-grade sulfide mineralization from our first-ever drilling campaign at NewMétal. We targeted an area adjacent to a high-grade past-producing mine with the expectation that modern geophysical tools and three-dimensional modeling would unlock the value of the surrounding rocks. [...] We are also very excited with the interception of massive sulfides at approximately 680 m depth in a BHEM anomaly that is showing much higher conductance than other targets which could indicate an increase in chalcopyrite concentration."

Because of the significant VMS intercepts in the first drill, Starr Peak expanded its drill plans from 5,000 to 20,000 meters and brought on a 3rd drill rig, with lab results reported to be expected any day now.

Aiming for the Second Major Discovery in a Year

What happened to Amex could happen again. Only this time it could possibly be even bigger. That's why Amex founders latched onto Starr Peak (STE.V; STRPF) right away. And right before Starr Peak announced its maiden drill results with evidence of a VMS discovery, the Chairman and founder of Amex was appointed as Starr Peak's Chief Technical Advisor.

That's Dr. Jacques Trottier, PhD, a seasoned geologist, with experience on VMS type deposits.

"I am very pleased to join the technical exploration team of Starr Peak. I am very familiar with their NewMétal polymetallic project which is located just next to Amex's Perron Gold project. Having been involved and worked on VMS-type deposits throughout my career, this project appears to be very promising. Prior to joining the advisory board, I completed an initial review of the technical data available and I believe this project has the potential to host new additional mineralized areas similar to other significant deposits of the same type, namely the former Normetal Mine and the Normetmar showing located on this property," Trottier said in a statement.