Starr PEAK Secures a Third Drill Rig FOR Its Winter Vtem Targets Drilling Program
STARR PEAK SECURES A THIRD DRILL RIG FOR ITS WINTER VTEM TARGETS
DRILLING PROGRAM
Vancouver, British Columbia – February 8th, 2022 – Starr Peak Mining Ltd. ("Starr Peak"
or the "Company") (TSXV:STE) (OTC QX:STRPF) has made arrangements to bring a third
drill rig to its NewMétal property (“NewMétal” or “the Property”) , with an estimated start date
of February 10th. The rig will focus on high priority VTEM anomalies located on a projected
extension of the Perron Eastern Gold Zone trend (Figure 1) onto the NewMétal property near the
town of Normétal, Québec. Amex Exploration (January 11, 2022 news release) has identified the
E3 Gold Z one which is consistent with a North-East trend and located approximately 1.5
kilometres West of the property boundary.
The ongoing drilling program continues to target both the Normetmar Deep Zone below 600m
vertical depth and the 4 km long prolific Normetmar -Normétal lithological contact within the
property, taking into account the many new massive sulphide intercepts in 2021. T he Normetmar
Deep Zone is located directly below the Normetmar h igh-grade zinc deposit and approximately
one kilometre west of the historic No rmétal 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).
Johnathan More, Chairman and CEO of Starr Peak commented, “ We are very ex cited with the
third drill coming in to focus on the numerous VTEM conductor anomal ies in the vicinity of
Amex Exploration’s E3 Gold Zone. This will start our testing of the gold and massive sulphide
mineralization potential of the northern part of the property.”
Figure 1: Geological Map of the NewMétal property and its 2021 VTEM anomalies with respect
to Amex Exploration’s Perron Project Eastern and E3 Gold Zones.
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 Explo ration. 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 Silver
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.
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 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: 646-661-0409
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 Secur ities 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 f orward-
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.