Starr PEAK Launches Vtem and High Resolution Drone Mag Geophysics Survey
STARR PEAK LAUNCHES VTEM AND HIGH RESOLUTION DRONE MAG
GEOPHYSICS SURVEY
Vancouver, British Columbia – September 9, 2020 – Starr Peak Exploration Ltd. ("Starr
Peak" or the "Company") (TSX VENTURE:STE) (OTC:STRPF) is very pleased to announce
it has launched a VTEM survey covering th e Main bloc of its NewMétal property (“ NewMétal”
or “the Property”) covering the past-produ cing 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. Additionally, a high resolu tion drone mag survey covering the entire
property, including Rousseau and Turgeon Lake Gold, will be conducted to define gold structures
and help identify drilling targets.
At the request of IIROC the Company wishes to clarify certain disclosures related to the press
release of August 10, 2020; STARR PEAK EXPANDS NEWMÉTAL PROPERTY BY
ACQUIRING 100% INTEREST OF PAST-PRODUCING NORMÉTAL MINE CLAIMS BLOC
IN QUEBEC.
The Normetmar showing has hi storical estimate of 306,800 tons of material grading
10.94% Zinc and was reported by Kerr Addison in the report GM38950 (1970).
The Rousseau gold property includes the Rollmac gold zone which has an historical
estimate of 31,298 tonnes grading 11.99 g/t Au (Historical resources; Northern Miner, July
13, 1992)
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 va lues reported may not be representative of the
mineralized zone.
In the past week, numerous samp les were also taken from the Rousseau gold property and the
Turgeon Lake gold property. Grab samples of quartz vein collected from the Mercier vein and
the Turgeon Lake showing will enable the Company to evaluate historical gold mineralization and
determine the exploration potential of both showings.
Working with Laurentia Exploration, Starr P eak has also launched an initial program of
compilation, prospecting, and geological mapping, and plans to complete an airborne EM survey
and high-resolution MAG drone geo physics survey in the fall of 2020 in order to prepare for an
inaugural drilling campaign in winter 2021.
Johnathan More, Chairman and CEO of Starr Peak commented,
“Both VTEM and high resoluti on drone magnetic geophysical surv eys are sophisticated modern
tools that will provide us with significant structural and geophysical signatures that we can use to
fine tune and narrow future exploration on our vast property in the highly prospective Chicobi belt.
By surveying the past producing mines and know historical resources on our properties we will be
able to identify the structures and signatures that host gold mineralization as well as possible VMS
systems and apply that knowledge elsewhere on the property. Our team has a history of identifying
mineralization in this belt using modern explorati on tools and I am excited to see the results and
their interpretation.”
Figure 1: Geological Map of the NewMétal property with respect to Amex Exploration’s Perron
Project.
Figure 2: Regional Geology of the Abitibi Greenstone Belt and localisation of Starr Peak's
NewMétal Property.
The NewMétal Property is located in the Abitib i Greenstone Belt of Quebec, along the Chicobi
Deformation Zone. The Property is directly adjacent to Amex Exploration Inc.’s Perron property,
from which recently announced drill results include 44.22 g/t Au over 9.10 metres and 30.98 g/t
Au over 8.50 metres.
The NewMétal Property is cross-cut by the Normetal Fault Horizon associated with gold and base
metal mineralization along strike. The property is also located in the eastern extension of the Perron
fault known to be a prolific gold bearing struct ure. Geology underlaying the Property consists of
favourable rhyolite and mafic volcanic rocks, as well as diabase dikes and granitic intrusions. Two
known mineral showings occur on the Property. The Rang I-Lots 44-57 showing was identified in
diamond drilling in 1966, with samples reaching up to 0.02% Cu and 2.38% Zn over 0.15 metres
in historical drillhole Sondage 1-66, and up to 1.02 g/t Au occurring over unknown widths in
drillhole Sondage 93-05. The Perr on-Desmeloizes-Nord showing is a surface showing identified
in 1952 with select samples reaching up to 14.5 g/t Au.
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
Perron-Desmeloizes-Nord:
http://sigeom.mines.gouv.qc.ca/signet/classes/I1103_index?format=COMPLET&type_reqt=U&
mode=NOUVELLE&l=A&entt=GM&numr_utls=2755180&alias_table_crit=F4E02&mnen_crit
=NUMR_INTER&oper_crit=EGAL&valr_crit=4018
The Perron-Desmeloizes-Nord showing outcrop have been located on surface but the original 14,5
g/t Au grab sample have not been validated or located.
Rang I-Lots 44-57:
http://sigeom.mines.gouv.qc.ca/signet/classes/I1103_index?format=COMPLET&type_reqt=U&
mode=NOUVELLE&l=A&entt=GM&numr_utls=2755180&alias_table_crit=F4E02&mnen_crit
=NUMR_INTER&oper_crit=EGAL&valr_crit=4019
Starr Peak is not able to validate the Rang I-Lots 44-57 showing due to the age of the drill hole.
Amex Exploration Perron Project:
Amex Exploration Inc. Press Releases dated July 16, 2020 and May 21, 2019
Mineralization hosted on adjacent and/or nearby pr operties is not necessarily indicative of
mineralization hosted on the Company’s property.
Normetal Mine:
Summary Report, Normetmar Project, January 1988 by L. Boivin
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/
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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
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revise forward-looking information to reflect new events or circumstances unless required by law.
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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
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SOURCE Starr Peak Exploration Ltd.