Sterling Metals Commences Exploration Activities at its Adeline Project in Labrador
Sterling Metals Commences Exploration Activities at its Adeline
Project in Labrador
TORONTO, ON / July 13, 2023 / Sterling Metals Corp. (TSXV:SAG), (OTCQB:SAGGF)
("Sterling Metals" or the "Company") is pleased to announce the commencement of
exploration activities at the Adeline Copper project ("Adeline" or the "Project") in Labrador,
Canada (Figure 1). Located within the Central Mineral Belt of Labrador, this wholly owned 44
km long sedimentary basin hosts over 250 surface copper-silver occurrences and has many
similarities to other world class, shale-hosted copper sulphide deposits. Sterling has compiled
and layered 60 years of exploration data, including extensive showings, Induced Polarization
(IP), Magnetic Survey, surface trenching and structural geology to develop a number of priority
targets that are expected to be drill tested later this summer.
Highlights
• Permits received for drilling and camp with construction and field activities commencing
immediately.
• Drill pads set up at the Ellis Main prospect, where recent trenching was completed, and
initial drilling is expected to commence (Figure 2).
o The Ellis Main prospect is exposed in a series of 11 trenches along the western
end of Seal Lake and was subject of historic work including grab samples and
drilling.
o The strongest historical mineralization occurred in hole SL-11-10 from 90.6 m
where 7.9 m @ 1.76% Cu and 56.2 g/t Ag was intercepted 50 m down dip from a
surface trench of 4.5 m of 2.5% Cu, 94.3 g/t Ag (2011, Playfair Mining Ltd.).
o IP data collected by Noranda in the early 90s shows a large anomaly whereby SL-
11-10 intercepted the edge of it. Drill pad preparation is beginning to test this
anomaly as well as the others across the basin.
• Completed hyperspectral study with ALS Goldspot Discoveries Ltd., confirming Ellis as
the primary target, providing support for numerous secondary targets and new priority
areas of interest.
• Drilling contract with a minimum of 2,000 metres of diamond drilling with Logan
Drilling Group International, whom Sterling has worked with in the past.
Jeremy Niemi, SVP Exploration and Evaluation comments, "We are thrilled to be working in
Newfoundland and Labrador. In just a few months we have built our field team, permitted
Adeline, and are now beginning to build our camp. The stage has been set for us to enter
discovery mode and we look forward to commencing our inaugural drill program at Adeline, on
schedule, within the next 6 weeks. We are eager to drill and hit our targets which could reveal
large high grade copper mineralization and confirm the potential for a very substantial copper
system."
Mathew Wilson, CEO and Director states, "Sediment hosted copper accounts for approximately
20% of the world's copper production and reserves. The incredible lateral extent of these projects
along with very high grades of copper create attractive mineral systems - if you can find the
correct conditions that result in near surface deposits. Adeline holds many of the key
characteristics needed to host a super giant sediment hosted copper system - and the Ellis target -
with its already confirmed drill intercept - is the first area where we will look for a near surface
deposit."
Figure 1: Adeline Project located in Labrador, Canada
Comprised of roughly 30,000 hectares and a 44 km strike of copper-silver-rich terrain (Figure 2),
Adeline covers the youngest middle Mesoproterozoic volcano-sedimentary sequences, known as
the Seal Lake Group. The Seal Lake Group consists of supracrustal argillaceous and arenaceous
sedimentary rocks, intercalated with basalt flows and intruded by gabbro sills. The volcano-
sedimentary rocks formed as a result of extensive continental sedimentation from the transition
from subaerial to shallow-marine during a rift-related cycle of uplift and erosions.
While sediment-hosted stratiform copper deposits are widespread, economically significant
occurrences are infrequent. These deposits contribute to roughly 20 percent of global copper
production and known reserves. Supergiant and giant deposits are formed in basins that
experienced extended periods of fluid flow, where specific conditions facilitated the
accumulation of substantial quantities of metal-rich fluid, ample reduced sulfur, and significant
amounts of reductants.
Figure 2: Copper occurrences at the Adeline Project
The host rocks of this potential copper basin primarily consist of reduced facies marine or
lacustrine rocks, such as green, black, or gray shale, siltstone, thinly laminated tidal facies,
reefoid carbonate rocks, and dolomitic shales. These deposits are typically found in Middle and
Late Proterozoic rocks worldwide. They are formed in continental clastic sedimentary basins that
transition into epicontinental shallow-marine or lacustrine basins within 30° of the paleo-equator.
The tectonic setting for these deposits is typically an intracontinental rift or aulacogen. Deposits
may exhibit zoning, with centers of chalcocite-bornite, outer zones of chalcopyrite-pyrite, and
peripheral galena-sphalerite. The exploration of this extensive copper basin through a targeted
drill program promises to be an exciting opportunity to test these theories and initiate a
systematic exploration program.
Qualified Person
Jeremy Niemi, P.Geo., Senior Vice President of Exploration and Evaluation to Sterling Metals,
and a Qualified Person within the meaning of National Instrument 43-101 Standards of
Disclosure for Minerals Projects, has reviewed and approved the technical information presented
herein.
About Sterling Metals
Sterling Metals (TSXV:SAG and OTCQB:SAGGF) is a mineral exploration company focused
on large scale and high-grade Canadian exploration opportunities. The Company is advancing
the Adeline Project in Labrador which covers an entire sediment-hosted copper belt, with
demonstrated potential for important new copper discoveries with significant silver credits, and
the Sail Pond Project in Newfoundland.
For more information, please contact:
Sterling Metals Corp.
Mathew Wilson, CEO and Director
Tel: (416) 643-3887
Email: [email protected]
Website: www.sterlingmetals.ca
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SOURCE: Sterling Metals Corp.