Sterling Metals Provides Update on its Phase 1 Exploration Campaign at the Copper Road Project
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Sterling Metals Provides Update on its Phase 1 Exploration Campaign
at the Copper Road Project
August 20, 2024 – Toronto, Ontario – Sterling Metals Corp. (TSXV: SAG, OTCQB: SAGGF) (“Sterling” or
the “Company”) is pleased to provide an update on its inaugural Phase 1 exploration campaign at its
Copper Road Project (“Copper Road” or the “Project”). Located 80km north of Sault Ste. Marie, Ontario,
Canada, Copper Road is a 25,000ha high -potential brownfield copper -molybdenum-silver-gold project
associated with the Midcontinent Rift. The Project benefits from its strategic proximity to substantial
infrastructure, extensive historical database and excellent project access.
Highlights
• Multiple high-priority, multi-kilometer copper exploration zones have been identified and are
currently being evaluated and advanced using a combination of soil trend analysis, magnetic
signature data, LiDAR mapping, historical records, and new prospecting efforts.
• Extensive exploration completed in Phase 1 in July includes:
o Collected 1,200 surface soil samples with strong copper -molybdenum anomalies
emerging (Figure 1).
o Inversion of property-wide 3,777-line kilometer airborne magnetic survey.
o Advanced modeling of historical airborne electromagnetic (EM) survey data, including
extraction of airborne induced polarization.
o Initiated interpretation of a new 10cm resolution LiDAR survey:
▪ Preliminary results identified extensive historical occurrences including 483 pits,
227 trenches, 12 adits, and 10 shafts across the property (Figure 2).
▪ Geological contacts and key structural features are now being interpreted
o Completed digitization of over 200,00 pages of historical documents from the last 60
years.
• Advancing newly defined targets with continued mapping and sampling which have abundant
outcrops and showings:
o Early stages of mapping have been encouraging with numerous showings with copper
sulphide mineralization in the form of chalcopyrite and bornite and often associated with
molybdenite and other metal minerals such as magnetite.
• Existing trails leading to target areas are being cleared and reopened as the Company
progresses with its soil program and prospecting.
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• All efforts continue to prioritize targets for ground geophysics as the Company looks to source
potential high tonnage targets associated with the high grade breccias and porphyry system
demonstrated most recently via drill holes J2302 and R2301 (see Figure 1).
Jeremy Niemi, SVP Exploration and Evaluation of Sterling Metals, commented, “The rapid progress we've
made in advancing the Project and identifying priority copper exploration zones puts us an excellent
position since closing the transaction with Copper Road Resources in May. It is incredibly rewarding to
systematically integrate our new data with historical knowledge and then discover new copper showings
at the surface. Our focus now shifts to pinpointing large -scale copper targets within this extensive
mineralized area and advancing the priority drill targets.”
Phase 1 Exploration Campaign
The Phase 1 exploration campaign at the Copper Road Project is progressing with several key activities.
Soil sampling is being extended northwest of Richards Breccia, on the west side of Mamainse Lake, as well
as northeast towards the Tribag mine. These areas are being targeted to expand the understanding of the
copper mineralization potential across the Project (see Figure 1).
Figure 1: Soil sampling (in-progress) showcasing copper in soil anomalies1 with historical intercepts
1 Independent Technical Report entitled “Technical Report on the Coppe Road Property”, dated April 29, 2024,
prepared by Kelly Malcolm, P.Geo., for Sterling Metals Corp.
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Geophysical targets are also being actively field -tested. Several new outcrops, which appear to contain
porphyry vein types similar to those found at Jogran, have been identified. Samples from these outcrops
have been collected and sent to the lab for assays, with the results expected to provide further insights
into the mineralization system.
In addition to fieldwork, further interpretations of Li DAR, magnetic surveys, ZTEM, VTEM, and
radiometrics are ongoing. These efforts are being integrated with current soil and rock sample data, as
well as historical drilling and mining operations. The goal is to refine the targeting and focus on higher -
impact zones that could host large tonnage and economically viable copper mineralization.
Mathew Wilson, CEO of Sterling Metals commented, “The more data we uncover, the more we appreciate
the successful and widespread exploration efforts dating back to the early 1960s. Although we have only
been on this Project for a few months, the results have been highly encouraging, and the scale of the
potential targets far exceeds our initial expectations. To find large mines you need large mineral systems
and there is no doubt that this is a very large copper system. Our work is now allowing us to hone in and
explore new areas that could be potential sources for the extensive copper-molybdenum-gold and silver
zones across this large area. We are excited to keep the market informed as we advance towards our
maiden drill campaign."
Figure 2: LiDAR survey demonstrating the extensive history of mining and exploration
across the property
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Qualified Person
Jeremy Niemi, P.Geo., Senior Vice President, Exploration and Evaluation for Sterling Metals 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 25,000-hectare
Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets
strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which
covers an entire sediment -hosted copper belt with significant silver credits. Both opportunities have
demonstrated potential for important new copper discoveries , underscoring Sterling’s commitment to
pioneering exploration in mineral rich Canada.
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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