Starr PEAK Increases Ongoing Drill Program and Reports Deepest Results to Date: 10.45% Zinc-Equivalent over 4.75 Metres with Copper-Enrichment; New Geophysical Interpretation Significantly Extends the Deep Zone at Newmétal
STARR PEAK INCREASES ONGOING DRILL PROGRAM AND REPORTS DEEPEST
RESULTS TO DATE: 10.45% ZINC-EQUIVALENT OVER 4.75 METRES WITH
COPPER-ENRICHMENT; NEW GEOPHYSICAL INTERPRETATION
SIGNIFICANTLY EXTENDS THE DEEP ZONE AT NEWMÉTAL
Vancouver, British Columbia – October 7 th, 2021 – Starr Peak Mining Ltd. ("Starr Peak"
or the "Company") (TSX-V:STE) (OTC:STRPF) is very pleased to announce a number of drill
results from its ongoing 2021 drilling cam paign on its NewMétal property (“NewMétal” or “the
Property”), located in the Abitibi Greenstone Belt of Quebec near the town of Normétal. The
NewMétal project also includes 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). A new
geophysical interpretation of BHEM surveys of deep drill holes suggests an upward extension to
the Deep Zone. This new plate (P4.: 90m x 350m x 1000 siemens) provides an estimate of the
average property of the conductor. It does not account for any heterogeneities such has greater
thicknesses or conductivities. Starr Peak is also pleased to announce an expansion of its drill
program to 80,000 metres which is fully funded.
Highlights
Upper Zone (above 400m vertically)
o STE-21-52: 3.35 m of 8.09 % ZnEq,
o STE-21-55: 10.30 m of 2.59 % ZnEq
Deep Zone (below 400m vertically)
o STE-21-50-W1: 7.85 m of 10.42 % ZnEq,
o STE-21-59: 4.75 m of 10.45 % ZnEq
Johnathan More, Chairman and CEO of Starr Peak commented, “The Deep Zone continues to
deliver significant grades and is open for extension as we can see in the geophysical responses.
We are excited to be releasing so me of our highest-grade copper mi neralization to date, as such,
we continue to gain an understanding of the No rmetmar mineralized system and we appear to be
seeing an increase of copper mineralization at depth. This often occurs in polymetallic VMS
deposits, with metal zonation from zinc-dominant to copper-dominant at depth. We look forward
to increasing our understanding of this highly continuous zone of rich mineraliz ation with our
expanded and fully funded 80,000 metre drill program.”
STE-21-59, the deepest 2021 drill ho le to date, highlig hts the potential outsi de the geophysical
plates, following the mineralized trend. Drilling will shift to testing the Deep Zone defined by the
new interpreted BHEM plate. As well, systematic delineation drilling of the Upper Zone continues
to expand the limits of the zone. See below Table 1, Table 2 and Figure 1 showing up to date
assay results and Zinc Equivalent (Zn_Eq) calculations of drill hole mineralized intervals.
Table 1 – Deep zone
Intervals are reported as core widths measured downhole. True width of mineralization is
currently unknown.
*Note: Zn_Eq% formula is defined below
Table 2 – Upper zone
Zone Hole No. From
(m)
To
(m)
Length
(m)
Zn
(%)
Cu
(%)
Ag
(g/t)
Au
(g/t)
Zn_Eq
(%)*
Deep STE ‐21‐50 851.80 854.40 2.60 6.01 0.45 33.59 0.09 8.56
STE‐21‐50‐W1 810.15 818.00 7.85 9.35 0.14 16.68 0.07 10.42
incl. 812.10 818.00 5.90 12.10 0.17 21.20 0.09 13.43
STE‐21‐50‐W3 819.25 823.35 4.10 5.69 0.12 7.62 0.05 6.37
STE‐21‐59 980.45 985.20 4.75 3.49 1.54 54.49 0.37 10.45
STE‐21‐59‐W1 945.05 946.00 0.95 0.64 1.95 31.40 0.22 7.75
STE‐21‐59‐W1 950.80 953.60 2.80 7.93 0.83 106.05 0.13 13.87
Intervals are reported as core widths measured downhole. True width of mineralization is
currently unknown.
*Note: Zn_Eq% formula is defined below
Drilling continues on the project targeting the Deep Zone below 600m vertical depth and
systematic delineation drilling of the Normetmar Upper Zone above 400m vertical depth is coming
to an end. An exploration plan of the prolific Normetmar-Normétal lithological contact within the
property is currently underway, taking into accoun t the many new massive sulphide intercepts in
2021.
Figure 1: Longitudinal Section of the Normétal Pa st-Producing Mine and Normetmar Satellite
Deposit. Drilling targets represented by a red star. Historical Drill Intercepts area provided in Zinc-
Equivalent calculated using the formula in refe rences. Abbreviation: Sp – Sphalerite, Cp –
Chalcopyrite, Gn – Galena, MS – Massive sulfid es, SMS – Semi-massive sulfides (under 75%),
Tr – Traces, EOH – End of Hole.
Zone Hole No. From
(m)
To
(m)
Length
(m)
Zn
(%)
Cu
(%)
Ag
(g/t)
Au
(g/t)
Zn_Eq
(%)*
Upper STE ‐21‐51 202.55 216.40 13.85 0.52 0.01 1.99 0.01 0.62
STE‐21‐52 247.10 250.45 3.35 7.20 0.06 16.96 0.09 8.09
STE‐21‐55 349.85 360.15 10.30 2.11 0.03 8.10 0.06 2.59
incl. 358.55 360.15 1.60 8.01 0.07 19.63 0.05 8.94
STE‐21‐56 329.00 335.00 6.00 0.97 0.02 5.88 0.02 1.26
STE‐21‐56 340.05 341.70 1.65 5.02 0.16 30.89 0.29 7.07
STE‐21‐58 392.95 396.90 3.95 3.13 0.01 6.60 0.04 3.46
STE‐21‐60 413.35 415.25 1.90 3.97 0.04 11.45 0.07 4.58
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 drilling campaign and the quality control program have been planned and
supervised by Alexis Paulin Bissonnette. Core logging and sampling were completed by Laurentia
Exploration. The quality assurance and quality control protocol include insertion of one blank, one
standard and one duplicate every 25 samples, in addition to the regular insertion of blank,
duplicate, and standard samples accredited by AL S Canada Ltd. during the analytical process.
Additionally, sample weight is ta ken prior shipment to validate sample identity. Gold values are
estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silver values are
estimated by four acid digesti on multi elements Inductively Coupled Plasma – Atomic Emission
Spectroscopy (ICP-AES), ME-ICP61. Zinc values over 1%, copper values over 1% and silver
values over 100 g/t are estimated by four acid digestion ICP-AES, OG62. Zinc values over 30%
are estimated by potentiometric titration, ZN-VOL50. The Qualif ied Person has not completed
sufficient work to verify the hi storic information on the Propert y, 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.
References and disclosures
Normétal historical Mine and Normetmar:
Summary Report, Normetmar Project, January 1988 by L. Boivin
*Metal Factor zinc equivalent formula: Zn_eq (%)* Core length
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$: 1.2$/lb Zn, $3.5/lb Cu, $25/oz Ag, $1800/oz Au.
The historical information on the Longitudinal have not been validated otherwise than with the
information inside 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 Mining Ltd.,
"Johnathan More"
Johnathan More
Chairman and Chief Executive Officer
About Starr Peak Mining Ltd.
Starr Peak Mining Ltd. is a Canadian base d 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, expl ore and develop high potential a nd 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: 646-661-0409
https://www.starrpeakminingltd.com
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This press release contains forward-looking information based on current expectations, including
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SOURCE Starr Peak Mining Ltd.