Starr PEAK Reports 5.03% Zinc-Equivalent over 12.5 Meters, High Grade Copper Intercept, and Discovery of New 1 Km Long VMS Horizon
STARR PEAK REPORTS 5.03% ZINC-EQUIVALENT OVER 12.5 METERS, HIGH
GRADE COPPER INTERCEPT, AND DISCOVERY OF NEW 1 KM LONG VMS
HORIZON
Vancouver, British Columbia – May 18th, 2022 – Starr Peak Mining Ltd. ("Starr Peak" or
the "Company") (TSXV:STE) (OTCQX:STRPF) is pleased to announce drilling results on its
NewMétal property (“NewMétal” or “the Property”), located in the Abitibi Greenstone Belt of
Québec near the town of Normétal. The ongoing drill program targets the Normetmar Deep zone,
located directly below the Normetmar high grade zinc deposit and approximately one kilometre
West of the historic Normétal Mine which produced ~10.1M tonnes of 2.15% Cu, 5.12% Zn,
0.549 g/t Au, and 45.25 g/t Ag (Boivin, 1988). See below Table 1 and Figure 1 showing assay
results to date and Zinc Equivalent (Zn_Eq) calculations for mineralized intervals.
Recent results include:
• Deep drilling of the Normetmar trend in hole STE-21-92-W3 has intersected a high-grade
copper interval of over 15% chalcopyrite (“Cpy”) mineralization over 3.7 metres.
Chalcopyrite is a copper mineral (3% Cpy = 1% Cu). See Photo 1
• Recent Deep zone drilling results include 5.03% Zn_Eq over 12.5 m in hole STE-22-092-
W2, which includes 1.01% Cu.
• A new Volcanogenic Massive Sulphide (“ VMS”) horizon has been discovered in the
northern half of the property.
Photo 1: STE-22-92-W3; 1041.40m to 1045.80m. Stinger zone occurring from 1040.90 to
1044.60m, composed of dominantly chalcopyrite (15%) with lesser pyrrhotite (8%).
Johnathan More, Chairman and CEO of Starr Peak commented, “We are very excited by the
results of our ongoing drilling campaign. Drilling of the Deep zone continues to return economic
intervals, including 5.03% Zn_Eq over 12.5 m in hole STE -22-092-W2. The wedge hole above
this one has intersected a copper-rich interval of 3.7 m carrying over 15% chalcopyrite for which
assays are pending. In the Northern part of the NewMetal property, a newly discovered
volcanogenic massive sulphide (“VMS”) horizon highlights the potential of Starr Peak’s ground
for new discoveries and project value creation/enhancem ents. The discovery also reinforces the
exploration strategy our technical team is following.”
Table 1 – Deep zone results
Intervals are reported as drill core lengths measured downhole. True width of mineralization is
currently unknown.
*Note: Zn_Eq% formula is defined below
Figure 1 : Longitudinal Section of Normetmar Satellite Deposit trend at depth. Drilling targets
represented by a red star. Historical Drill Intercepts area provided in Zinc -Equivalent calculated
using the formula in references. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena,
MS – Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces, EOH – End of
Hole.
Zone Hole No. From
(m)
To
(m)
Length
(m)
Zn
(%)
C
u
(%)
Ag
(g/t)
Au
(g/t)
Zn_Eq
(%)*
Deep STE-22-092-W2 1088.00 1100.50 12. 50 1.27 1.01 11.41 0.21 5.03
Incl. 1094.00 1098.50 4. 50 0.39 1.86 21.18 0.38 7.29
STE-21-077 750.70 756.65 5. 95 1.69 0.19 6.82 0.06 2.58
STE-21-082-W2 747.00 755.80 8. 80 1.45 0.24 4.60 0.06 2.43
Incl. 748.60 752.35 3. 75 2.95 0.50 7.25 0.11 4.88
STE-22-087 712.25 721.35 9. 10 1.71 0.83 11.38 0.24 5.00
Incl. 713.30 713.70 0. 40 0.66 7.83 76.70 1.04 28.12
Incl. 719.00 719.75 0. 75 7.04 0.29 6.40 0.22 8.56
STE-22-087-W1 690.50 701.20 10. 70 0.57 0.75 8.22 0.11 3.26
Incl. 690.50 691.85 1. 35 0.59 2.29 27.24 0.42 9.03
STE-22-088-W1 768.40 778.30 9. 90 0.60 0.04 8.14 0.03 1.02
Incl. 776.00 778.30 2. 30 1.08 0.01 22.63 0.08 1.96
STE-22-092 1122.70 1126.00 3. 30 1.41 0.05 3.30 0.02 1.71
Incl. 1123.40 1126.00 2. 60 1.69 0.06 3.87 0.02 2.03
VMS Horizon Discovery
A new volcanogenic massive sulphide horizon has been discovered 3 km North of the
Normetmar historical deposit. The horizon is hosted in intermediate volcanics from the lower
member of the Normetal volcanic complex (Table 2, Figure 2 and Figure 3). Three holes have
intersected the horizon, with hole STE -22-98 intersecting 15.35 m of sulphide mineralization,
including 9.45 m of semi -massive to massive sulphides. Trace amounts of chalcopyrite,
sphalerite and galena were observed along with a chert rich interval in the core, which may
suggest a fertile VMS horizon is in place . The holes that intersected sulphide intervals are
described as follows:
Table 2 – New VMS horizon DDH
Intervals are reported as core widths measured downhole. True width of mineralization is
currently unknown. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena, MS –
Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces,
Borehole electromagnetic survey s (BHEM) were completed in holes STE-22-98, STE -22-103
and STE-22-104 to date. Results are showing multiple disconnected zone s and a main anomaly
(P104b) of high conductance close to hole STE-22-104, which did not crosscut the horizon but
followed it (Figure 3). Anomalies defined by hole STE-22-98 and STE-22-104 suggest a vertical
plunge of the main mineralized zone intersected by hole STE -22-98, similar to Normetal and
Normetmar historical mineralization plunge. The area initially covered by 2021 VTEM survey is
open in every direction without historical drilling and VTEM anomalies are visible over 1 km
long.
Figure 2: Geological Map of the NewMétal property locating the new massive sulphide horizon,
A-A’ longitudinal, with respect to Amex Exploration’s Perron Project
Hole No. From
(m)
To
(m)
Length
(m)
STE-22-98 175.35 190. 70 15.35
STE-22-98 190.70 200.15 9.45
STE-22-103 305.05 305.95 0.90
STE-22-103 361.80 362.55 0.75
STE-22-95 557.80 557.35 0.45
STE-22-104 - - - No significant result, not reaching the horizon
Massive Sulphide, 80-85%, Tr. Po
Desciptions and estimations
Stringer zone, 5% Po, 1-2% Py, Tr. Cp, Tr. Sp, Tr. Gn
Semi-massive to massive sulphides, 60-65% Py
60-65% Py, 1% Po
98% Py
Figure 3: Longitudinal Section A-A’ of the new massive sulphide horizon. Intervals are reported
as core widths measured downhole. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn –
Galena, MS – Massive sulfides, SMS – Semi-massive sulfides (under 75%), Tr – Traces.
The ongoing drill program continues targeting the Normetmar Deep zone, located directly below
the Normetmar high-grade zinc deposit. A mother hole is also planned to test the occurrence of a
deeper zone, below the Deep zone. A second rig continues targeting the 4 km long prolific
Normetmar-Normétal lithological contact within the property, taking into account the many new
massive sulphide intercepts from the 2021-2022 program. The t hird rig ha s moved from the
VTEM targets to test the continuity of the historical gold occurrences on the Rousseau and
Turgeon Lake Gold properties located East of Normétal. Remaining results of winter drilling
campaign, targeting the northern part of the Newmétal property, will be released as soon as the
BHEM surveys are completed and analytical results are received.
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 ALS Canada Ltd. during the analytical
process. Additionally, sample weight is taken prior shipment to validate sample identity. Gold
values are estimated by fire assay with finish by atomic absorption. Zinc, Copper and Silve r
values are estimated by four acid digestion 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 Qualified Person has not
completed sufficient work to verify the historic 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. Although the percentage of chalcopyrite is a good guide to the concentration of copper
we can expect from future drill core assays, one must always be cautious about making
estimations with respect to metal concentrations and on the basis of visual estimation.
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 has 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 differe nce 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 creat ing 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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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
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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