Starr PEAK Identifies New Strong Drill Targets at Newmétal
STARR PEAK IDENTIFIES NEW STRONG DRILL TARGETS AT NEWMÉTAL
Vancouver, British Columbia – June 21st, 2024 – Starr Peak Mining Ltd. ("Starr Peak" or
the "Company") (TSXV:STE) (OTCQX:STRPF) is pleased to announce that the company has
identified several exciting untested geochemical soil anomalies on its NewMétal property
(“NewMétal” or “the Property”), located in the Abitibi Greenstone Belt of Québec near the town
of Normétal. This program, covering some of the priority areas, was completed last year before
winter. An analysis from this survey has returned base and precious metal anomalies over new
areas, as well as strengthening knowledge on historical zones.
Interpreted results from this survey highlighted several geochemically anomalous areas, some of
which are located along VTEM (Versatile Time Domain Electromagnetic) geophysical
anomalies, and therefore have generated priority drill targets for the company . A total of twelve
(12) areas of interest have been identified:
• Three (3) areas are characterized by a Volcanogenic Massive Sulphide (VMS) base metal
signature, enriched in Zn, Cd, Pb, In, with a minor enrichment in As, Bi, Sb (See: Figure
1).
• Five (5) areas are characterized by precious metal mineralization associated with VMS
systems, enriched in Ag, Pb with minor enrichment in Cu, Au, and depletion in Fe (See:
Figure 2).
• Four (4) areas characterized by anomalous gold (Au) content (See: Figure 3).
The soil survey covered three (3) priority areas over the NewMétal property (See: Figure 4)
which include:
• The mine horizon to the West of Normetmar which was tested for continuation of the
recently discovered Eastern VMS anomaly by Amex Exploration ( See press release:
Amex Exploration Generates Multiple New Gold and VMS Targets at Perron From
Regional Exploration Program , dated May 30, 2023) that appears to extend into the
western part of the NewMétal property.
• The surroundings of the VMS horizon intersected by hole STE -22-98 and corresponding
VTEM geophysical anomalies.
• The surroundings of hole STE-22-112 which returned anomalous gold results hosted into
the granodiorite Pluton de Normétal, located in the north-east part of the property.
Johnathan More, Chairman and CEO of Starr Peak commented, “We are gearing up for an active
2024 exploration program. Our neighbor , Amex, has been active and proving up a gold deposit
of importance and are drilling towards us on trends and strike for base metals commodities. With
our promising areas, including the new Normetmar deep discovery, we are looking forward to
the next drilling phase to come.”
The 2022 Normetmar deep VMS discovery and the new geophysical BHEM deep plate
along the long deeper hole will be a focus for next drilling phase targets . This is i n
accordance with a potential for continued mineralization at depth when compar ed to the old
historical Normétal mine, which was mined down to 2 ,400 metres . (See press release: Starr
Peak Discovers Massive New Untested Bhem Anomaly On The Normetmar Deep Zone And
Reports Drill Program Update, dated October 25, 2022). The n ext drilling campaign will
also include testing geochemically anomalous areas , some of which overlap with priority
VTEM geophysical anomalies.
The company also plans to complete a 2 -week field program prior to executing the drilling
phase, with the purpose of validating anomalous areas to refine drilling targets.
Figure 1: Soil results (2Zn+2Cd+2Pb+2In+1As+1Bi+1Sb) with Geo physical (Magnetism -
vertical first derivate and VTEM anomalies) Map of the NewMétal property locating
geochemically anomalous areas.
Figure 2 : Soil results (2Ag+2Pb+1Cu+1Au+3Fe) with Geophysical ( Magnetism-vertical first
derivate and VTEM anomalies) Map of the NewMétal property locating geochemically
anomalous areas.
Figure 3: Soil results (Au) with Geo physical (Magnetism -vertical first derivate and VTEM
anomalies) Map of the NewMétal property locating geochemically anomalous areas.
Figure 4: Geological Map of the NewMétal property locating 2023 soil survey coverage , with
respect to Amex Exploration’s Perron Project
The soil samples were sent to ALS Canada for processing and Ionic Leach TM analysis (ME -
MS23). In addition, all soil samples were separately tested for paste pH analysis (OA -ELE07).
Ionic Leach samples used a stati c leaching process using sodium cyanide with a highly sensitive
ICP-MS finish capable of sub- ppb detection. The Ionic Leach method aims to detect
mineralization through deep overburden coverage. Geochemical anomalies sourced from
mineralization often present sharp and high-amplitude signals, which are ideal for drill targeting.
The analysis and interpretation of the soil geochemical data was provided by Vision
Geochemistry Ltd. A comprehensive review of the soil descriptions to ensure consistency in the
interpretation of the soil data . Due to the heterogeneous overburden cover, the dataset was
geochemically levelled using the z -score method. Z -scores are commonly used in statistical
analysis to normalize populations of data, and therefore establish meaningful connections
between datasets. Geochemical anomalies containing several elements ( Figure 1 and Figure 2)
have been presented as weighted -sums models, which is a simple multivariate technique to
reduce several variables to a single variable.
East-West Trend
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 exploration and soil program were planned and supervised by Alexis
Paulin Bissonnette. The samples were analyzed by ALS Canada Ltd. using Ionic Leach Method
(ME-MS23 and OA-ELE07). The Qualified Person has not completed sufficient work to verify
the hi storic information on the Property, particularly in regards 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 exploration potential
of the Property but may not be representative of expected results. Program is designed and
supervised by Laurentia Exploration Inc.
References and disclosures
Normétal historical Mine and Normetmar:
Summary Report, Normetmar Project, January 1988 by L. Boivin
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 known. The historical estimates 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 person has not reviewed the historical
estimates and has not done sufficient work to classify the historical estimates as current mineral
resources and Starr Peak is not treating the historical estimates as current mineral resources
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 values reported may not be representative of the
mineralized zone.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company’s property.
On Behalf of the Board of Directors of Starr Peak Mining Ltd.,
"Johnathan More"
Johnathan More
Chairman and Chief Executive Officer
About Starr Peak Mining Ltd.
Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the
acquisition and exploration of precious and base metal mineral deposits. The primary objective
of the Company is to acquire, explore and develop high potential and quality gold and base metal
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: 515-401-7479
https://www.starrpeakminingltd.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 actual results, performance or achievements to be
materially different from those implied by such statements. Although such statements are based
on management's reasonable assumptions, Starr Peak assumes no responsibility to update or
revise forward -looking information to reflect new events or circumstances unless required by
law.
Although the Company believes that 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 and 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 Section 21E the Securities Exchange 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 Mining Ltd.