Stelmine Identifies Three Additional Gold Exploration Targets Beyond the Meridian Zone

QUEBEC CITY, May 31, 2023 (GLOBE NEWSWIRE) -- Stelmine Canada (“Stelmine” or the “Company”) (TSXV: STH) is please to announce the results of a till survey leading to three additional gold exploration targets outside the Meridian Zone on its 100% owned Mercator property. During the 2023 field season, the Company will implement various exploration strategies on these new targets.

Highlights:

• Results from the till sample survey confirm the Meridian Zone mineralization and the method has proven successful in identifying orogenic gold systems on the property
• Till sampling data identify three additional orogenic-type mineralized zones, anomalous in gold and pathfinder elements (ex: Arsenic, copper) (Figures 1 and 2)
• New targets corelate with geophysical magnetic signatures associated with Iron Formations hosting known gold mineralization (Figure 2) (May 11, 2023 PR)
  

Isabelle Proulx President and CEO of Stelmine declares: “Confirming the three gold zones is of major importance for Stelmine, beyond than offering a lower cost discovery technique, till sampling leads to the discovery of new potential zones to drill.”

CLICK TO SEE THE FIGURES IN THE PRESENTATION

Figure 1. Strong till anomalies detected by the sum of pathfinder elements (2Cu+2As+Au) using the Inverse Distance weighted Interpolation (IDW) method. Anomaly A identifies the Meridian Zone and detects a down-ice dispersion trail from the core of mineralization. Anomaly B straddles iron formations exposures in a less explored area.

Figure 2. Gold till anomalies from samples collected west of the Meridian Zone in areas of granulitic iron formation exposures. Anomalies C and D located west of the Meridian zone are associated with iron formation exposures around which grab rock and channel sampling reveal anomalous As et Au concentrations.

What is a Till Survey?
A large surface of Northern Quebec is covered by relatively thick layers of sediments deposited during the retreat of glaciers occurring ~10,000 years ago. As glaciers moved across the landscape they scraped off and eroded the top portion of mineral deposits leaving behind a traceable dispersion trail of the mineral deposit. These glacial sediments were appropriately called “till” and while they often hide mineralized outcrops, they can be sampled to be analyzed for pathfinders elements (ex: Cu and As) showing a regional glacial dispersion. Geologists can follow these till anomalies in an up-ice direction towards the source of the mineral occurrence/deposit.