STLLR Gold Intersects 1.56 g/t Au over 62.30 m and 1.12 g/t Au over 99.40 m at the Colomac Main Deposit
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STLLR Gold Intersects 1.56 g/t Au over 62.30 m and 1.12 g/t Au over
99.40 m at the Colomac Main Deposit
TORONTO, ONTARIO, August 1, 2024 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or
the “ Company”) announces assay results from the exploration drilling at the Colomac Gold Project in the
Northwest Territories, Canada.
Table 1: 2024 Exploration Drilling Highlights – Colomac Main Deposit (See Figures 1-7):
Zone Hole ID Assay Result
Colomac Main 2.5 C24-07 1.56 g/t Au over 62.30 m (incl. 2.83 g/t Au over 12.15 m and
incl. 2.96 g/t Au over 13.50 m) &
8.16 over 1.05 m
Colomac Main 3.0 C24-06 1.12 g/t Au over 99.40 m (incl. 2.44 g/t Au over 11.15 m)
Colomac Main 3.0 C24-10 0.74 g/t Au over 35.25 m (incl. 11.40 g/t Au over 1.20 m) &
6.15 g/t Au over 0.85 m &
6.52 g/t Au over 2.00 m
“g/t Au”: grams per tonne gold; “m”: metres
Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: “ Our drilling program at the
Colomac Main Deposit continues to impress . The results show significant coarse gold intersections in areas
lacking drill data and lying outside the 2023 Colomac PEA pit-shell1. We strongly believe in the immense mineral
resource growth potential of the Colomac Main Deposit, which remains open in several directions. We are
expecting additional assay results from Colomac in the coming weeks.”
Colomac Gold Project Drilling – Colomac Main Deposit (See Figures 1-7)
The Colomac Main Deposit, the primary deposit of the Colomac Gold Project, occurs in a north-south striking
differentiated mafic sill , approximately 9 km long and up to 155 m wide , bounded by mafic volcanic rocks.
Mineralization predominantly consists of free gold, associated with quartz -carbonate veining and minor
sulphides.
The Colomac Main Deposit is divided into six mineralized zones along its strike. 2024 drilling focuses on the
southern end (Zones 2.5, 3.0, & 3.5) of Colomac Main, targeting areas with limited drilling data and potential
for higher-grade gold mineralization. This phase of drilling targeted Zones 2.5 and 3.0 below the 2023 Colomac
1 For more information on the Colomac Gold Project Preliminary Economic Assessment (“2023 Colomac PEA”), please refer to the NI 43-101 technical
report titled “Colomac Gold Project NI 43 -101 Technical Report and Preliminary Economic Assessment, Northwest Territories, Canada” dated June 9,
2023 which is available on SEDAR+ www.sedarplus.ca the Company’s website (www.stllrgold.com).
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PEA pit-shell1. Significant mineralization was intersected near deep cross-cutting geological fault structures.
Holes C24-07 and C24-06 encountered coarse gold within wider than expected intervals of mineralized quartz-
diorite, the primary host rock for gold in the deposit. Hole C24-07 is a 70 m step-out to the north along strike
from previously released Hole C24-052, and, combined with previously released Hole C24-013, demonstrates a
continuous mineralized zone over a 170 m strike length below the 2023 Colomac PEA pit-shell1. Additional
drilling has tested the down-dip extension of this zone, with assay results pending.
Hole C24-10, located south of Hole C24-06, intersected lower-grade mineralization, ending with narrow, higher-
grade intervals at depth. Hole C24 -08 did not intersect significant mineralization due to an offset of the
Colomac Main sill related to the deep cross-cutting geological structures.
Figure 1: Colomac Main – Photo of Coarse Gold Intersected by Hole C24-07 (360.95 m)
2 Please refer to the STLLR June 26, 2024 news release on the Company’s website (www.stllrgold.com) or on SEDAR+ (www.sedarplus.ca)
3 Please refer to the STLLR June 13, 2024 news release on the Company’s website (www.stllrgold.com) or on SEDAR+ (www.sedarplus.ca)
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Figure 2: Colomac Main – Photo of Coarse Gold Intersected by Hole C24-06 (267.75 m)
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Figure 3: Colomac Gold Project – Property Map and Deposit Locations
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Figure 4: Colomac Main - Exploration Results Map
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Figure 5: Colomac Main – Exploration Drilling Long Section “E-F” Looking West
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Figure 6: Colomac Main – Exploration Drilling Section “C-D” Looking North
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Figure 7: Colomac Main – Exploration Drilling Cross Section “A-B” Looking North
Table 2: Exploration Drilling Intercepts
Target Hole ID From
(m)
To
(m)
Interval
(m)
Grade
(g/t Au)
Metal Factor
(g/t Au x m)
Colomac Main 3.0 C24-06 250.35 349.75 99.40 1.12 111.33
Colomac Main 3.0 including 290.85 302.00 11.15 2.44 27.21
Colomac Main 2.5 C24-07 326.00 327.05 1.05 8.16 8.57
Colomac Main 2.5 and 332.70 395.00 62.30 1.56 97.19
Colomac Main 2.5 including 337.85 350.00 12.15 2.83 34.38
Colomac Main 2.5 & including 356.75 370.25 13.50 2.96 39.96
Colomac Main 3.0 C24-08 382.50 393.50 11.00 0.36 3.96
Colomac Main 2.0 C24-09 502.50 507.75 5.25 1.85 9.71
Colomac Main 2.0 and 513.25 517.25 4.00 0.61 2.44