Starr PEAK Commences Drilling ON Newmétal Property
STARR PEAK COMMENCES DRILLING ON NEWMÉTAL PROPERTY
Vancouver, British Columbia – January 21, 2021 – Starr Peak Exploration Ltd. ("Starr
Peak" or the "Company") (TSX VENTURE:STE) (OTC:STRPF) is pleased to announce
drilling exploration is underway on the Main bloc of its NewMétal property (“NewMétal” or “the
Property”) covering the past-producing Normétal Mine, from which ~10.1M tonnes of 2.15% Cu,
5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag were produced (Boivin, 1988) and the Normetmar
showing. Initial targets are focussing on the Normetmar mineralization showing trend at depth.
Johnathan More, Chairman and CEO, of Starr P eak commented, “After m onths of preparation
through historic data gathering and modern geophysics we are pleased to initiate our 2021 drilling
program on our highly-prospective Newmétal property, neighbouring Amex Exploration’s Perron
project. Our initial targets ar e focused on historically drille d and known mineralization showing
trend at depth. It is always exciting when you are drilling between a ma jor new discovery and a
massive past-producing mine.”
Figure 1: Geological Map of the NewMétal property with respect to Amex Exploration’s Perron
Project.
Figure 2: Longitudinal Section of the Normétal Past-Producing Mine and Normetmar Satellite
Deposit. Initial drilling targets represented by a red star. Historical Drill Intercepts area provided
in Zinc-Equivalent calculated using the formula in references.
Qualified Person
Alexis Paulin Bissonnette, Ing. (OIQ 5037621), an independent Qualified Person as defined by
Canadian NI 43-101 standards, has reviewed and approved the geological information reported in
this news release. The Qualifie d Person has not completed sufficien t work to verify the historic
information on the Property, particularly in rega rds to historical drill results. However, the
Qualified Person believes that drilling and analytical results were completed to industry standard
practices. The information provides an indication of the explora tion potential of the Property but
may not be representative of expected results.
References and disclosures
Amex Exploration Perron Project:
Amex Exploration Inc. Press Releases dated July 16, 2020 and May 21, 2019, January 17, 2018.
Normétal historical Mine and Normetmar:
Summary Report, Normetmar Project, January 1988 by L. Boivin
Metal Factor zinc equivalent formula:
Zn_eq (%) = Zn(%) + [Cu(%) * Cu price (lb) / Zn price (lb)] + [Ag(%) * Ag price (oz) * 14,632
/ Zn price (lb) ] + [Au(%) * Au price (oz) * 14.632 / Zn price (lb)]
Zn_eq % based on US$: 1.1$/lb Zn, $3/lb Cu, $23/oz Ag, $1800/oz Au.
The information on the Longitudinal have not been validated otherwise than with the information
insides historical reports and cross sections. Exact location of historical drill hole pierce points
on the longitudinal may be different.
The Company wishes to caution that historical resources described above are historical. The
historic resources are relevant to give a ballpark estimate of the potential on the property. Historical
resources should not be relied upon. The key assumptions, parameters and methods used to
prepare the historical estimate is not known and thus the difference between the historic estimates
and NI 43-101 compliant estimates is also not k nown. The historical estim ates used categories
other than the ones set up in sections 1.2 and 1.3 of National Instrument 43-101, Standards of
Disclosure for Mineral Projects. A qualified pers on has not reviewed the historical estimates and
has not done sufficient work to cl assify the historical estimates as current mineral resources and
Starr Peak is not treating the historical estimates as current mineral re sources under National
Instrument 43-101 and CIM Standards for mineral resources and reserves. Further exploration
work needs to be done to correctly evaluate these historical resources. Additionally, the
methodology of calculation is unknown by the qualified person.
Grab samples are selective by nature and the va lues reported may not be representative of the
mineralized zone.
Mineralization hosted on adjacent and/or nearby pr operties is not necessarily indicative of
mineralization hosted on the Company’s property.
On Behalf of the Board of Directors of Starr Peak Exploration Ltd.,
"Johnathan More"
Johnathan More
Chairman and Chief Executive Officer
About Starr Peak Exploration Ltd.
Starr Peak Exploration Ltd. is a Canadian based mineral expl oration company focused on the
acquisition and exploration of precious and base metal mineral deposits. The primary objective of
the Company is to acquire, e xplore and develop high potential and quality gold deposits and
projects in the Americas. The Company is committed to create long term shareholder value through
mineral discoveries.
For more information please contact:
Johnathan More, Chairman & CEO
Tel: 646-661-0409
https://www.starrpeakexploration.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the
content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The securities being offered have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws,
and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S.
person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption
therefrom. This press release is for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information:
This press release contains forward-looking information based on current expectations, including
the use of funds raised under the Offering. These statements should not be read as guarantees of
future performance or results. Such statements involve known and unknown risks, uncertainties
and other factors that may cause ac tual results, performance or achievements to be materially
different from those implied by such statem ents. Although such statements are based on
management's reasonable assumptions, Power Meta ls assumes no respons ibility to update or
revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes th at the expectations and assumptions on which the forward-
looking statements are based are reasonable, undue reliance should not be placed on the forward-
looking statements because the Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and conditions, by their very nature they
involve inherent risks an d uncertainties. These statements speak only as of the date of this press
release. Actual results could differ materially from those currently anticipated due to several
factors and risks including various risk factors discussed in the Company's disclosure documents
which can be found under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Sectio n 21E the Securities Ex change Act of 1934, as
amended and such forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved
the contents of this press release.
SOURCE Starr Peak Exploration Ltd.