Starr PEAK Reports Maiden Drilling Results up to 20.94% Zn, 0.43% Cu, 39.58 G/T AG and 0.21 G/T Au over 12.10 M and a New Discovery at Depth with Additional Massive Sulphides
STARR PEAK REPORTS MAIDEN DRILLING RESULTS UP TO 20.94% ZN, 0.43%
CU, 39.58 G/T AG AND 0.21 G/T AU OVER 12.10 M AND A NEW DISCOVERY AT
DEPTH WITH ADDITIONAL MASSIVE SULPHIDES
Vancouver, British Columbia – May 04, 2021 – Starr Peak Mining Ltd. ("Starr Peak" or the
"Company") (TSX-V:STE) (OTC:STRPF) is very pleased to announce drill results from its
ongoing 2021 drilling campaign initi ally focussing on th e Normetmar trend at depth of its
NewMétal property (“NewMétal” or “the Property”), located in the Abitibi Greenstone Belt of
Quebec in proximity to 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).
Initial drill hole assay results (Table 1) confirm the presence of zinc rich massive sulphide intervals
with highlight holes including:
Hole STE-21-08 (Photo 1) returned 12.10 m of 20.94% Z n, 0.43% Cu, 39.58 g/t Ag and
0.21 g/t Au or 23.82% Zinc-Equivalent; and
Hole STE-21-04 returned 12.30 m of 6.47% Zn, 0.22% Cu, 28.55 g/t Ag, and 0.11 g/t Au
or 8.19% Zinc-Equivalent
Photo 1: STE-21-08; 285.85m to 299.95m. Massive sulfide mineralization, occurring from 285.60
to 297.70 m, composed of dominantly pyrite and sphalerite with lesser chalcopyrite and galena.
In addition, the Company is very pleased to report that all 2021 drill holes to date have intersected
sulphide intervals as shown in Figure 2 ranging from massi ve sulfide to disseminations and
stringer mineraliza tion. Massive sulfide zinc rich intervals correspond very well to anomalies
defined from a 2021 borehole electromagnetic survey (BHEM).
Johnathan More, Chairman and CEO of Starr Peak commented, “I am thrilled with the large
intervals of high-grade sulfide mineralization from our first ever drilling campaign at NewMétal.
We targeted an area adjacent to a high-grade past producing mine with the expectation that modern
geophysical tools and three-dime nsional modelling would unlock the value of the surrounding
rocks. I couldn’t be happier with the success that our technical team has had to date on the project.
In addition to the very wide a nd high-grade results announced to da te, we are also very excited
with the interception of massive sulfides at approximately 680 m depth in a BHEM anomaly that
is showing much higher conducta nce than other targets which co uld indicate an increase in
chalcopyrite concentration. This is similar to what occurred at the neighbouring Normétal Mine
which transitioned from zinc-dom inant near surface to coppe r-dominant at depth, which was
mined to a depth of approximately 2.4km. We look forward to receiving the balance of pending
results as well as continuing our maiden drilling program.”
The latest deep hole, STE-21-14 ( Figure 2), has intersected a new zone composed of 6.10 m of
massive sulphides with estimated sulphide content of 15-20% sphalerite and 0.5-1% chalcopyrite
(Photo 2 ) for which assays are pending. Owing to th e targeting success of previous BHEM
surveys, the Company completed an additiona l BHEM survey on hole STE-21-14. This survey
indicates that this new massive sulfide intersect ion is located at the ed ge of a BHEM anomaly
plate, labelled P3a, in an open area without any previous drilling information (Figure 2). The P3a
plate anomaly is characterized by a high conductance of 1500 Siemens and has a modelled
dimension of 85 m by 100 m. Plates P3b and P3 c, respectively 200 and 100 siemens, have also
been defined by the same geophysical survey. The Company will continue to complete additional
BHEM surveys as warranted as it appears to be a very robust targeting tool.
Photo 2: STE-21-14; 788.55m to 806.00m. Massive sulfide mineralization, occurring from 798.0
to 804.10 m, composed of dominantly pyrite and spha lerite with lesser ch alcopyrite and galena.
Note the increased chalcopyrite content associated with quartz veining at the top of the
intersection.
Table 1: Drill hole results from NewMétal focussed on the Normetar trend
Drill hole From To Length
(m) Zn (%) Cu (%) Ag (g/t) Au (g/t) Zn_Eq
(%)*
STE-21-08 285.60 297.70 12.10 20.94 0.43 39.58 0.21 23.82
Including 294.30 296.95 2.65 44.30 0.04 28.60 0.21 45.78
STE-21-04 351.00 363.30 12.30 6.47 0.22 28.55 0.11 8.19
STE-21-01 189.00 193.75 4.75 2.40 0.03 9.88 0.05 2.92
STE-21-01 206.85 211.00 4.15 4.77 0.05 32.35 0.03 5.96
STE-21-02 200.50 203.75 3.25 1.25 0.01 8.18 0.04 1.64
STE-21-02 207.80 212.85 5.05 1.06 0.02 50.46 0.04 2.76
Including 212.45 212.85 0.40 8.44 0.17 34.00 0.06 10.08
STE-21-02 235.60 239.75 4.15 2.45 0.02 36.00 0.06 3.75
STE-21-03 107.30 109.30 2.00 0.02 0.01 54.39 0.99 4.83
STE-21-03 231.35 235.50 4.15 3.92 0.08 69.70 0.53 7.69
STE-21-03 262.00 265.00 3.00 3.69 0.01 18.44 0.01 4.32
96-30-
14** 286.00 303.20 17.20 7.70 0.16 29.12 0.13 9.32
Intervals are reported are as core widths meas ured downhole. True width of mineralization is
currently unknown.
*Note: Zn_Eq% formula is defined below
**Note: Historical drill intercept
Figure 1: Geological map of the NewMétal prope rty with respect to neighbouring projects and
underlain by government-mapped geology
Figure 2: Longitudinal Section of the Normétal Past-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.
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$: 1.1$/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
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, 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.starrpeakminingltd.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
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, Starr Peak a ssumes no responsibility 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-
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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
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.
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SOURCE Starr Peak Mining Ltd.