STLLR Gold Intersects 1.97 g/t Au over 41.5 m at the Colomac Main Deposit and Wide Zones of Mineralization Near Windjammer Central
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STLLR Gold Intersects 1.97 g/t Au over 41.5 m at the Colomac Main Deposit
and Wide Zones of Mineralization Near Windjammer Central
TORONTO, ONTARIO, June 13, 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 and at the Tower Gold Project in the Timmins Mining Camp in Ontario.
Table 1: 2024 Exploration Drilling Highlights – Colomac Main Deposit, Windjammer Central, and Windjammer
South (See Figures 1-8):
Zone Hole ID Assay Result
Colomac Main C24-01 1.97 g/t Au over 41.50 m (incl. 2.96 g/t Au over 21.25 m, also
incl. 7.40 g/t Au over 2.55 m)
Windjammer Central MGH24-525 0.88 g/t Au over 67.35 m (incl. 1.11 g/t Au over 33.00 m)
Windjammer Central MGH24-523 1.13 g/t Au over 24.00 m within 0.63 g/t Au over 118.00 m
Windjammer South MGH24-509 6.52 g/t Au over 2.10 m
“g/t Au”: grams per tonne gold; “m”: metres
Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: “Our exploration drilling continues
to yield promising results. We intersected high-grade, coarse-gold mineralization at the Colomac Main Deposit
in an area outside the estimated 2023 Colomac PEA 1 pit-shell that had limited drilling data. At Windjammer
Central, we intersected wide zones of mineralization in areas outside the known mineralization.”
“We anticipate receiving more exploration drill assay results from the Colomac Gold Project and the Tower
Gold Project in the coming weeks. Stay tuned for further updates.”
Colomac Gold Project Drilling – Colomac Main Deposit (See Figures 1-5)
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 is predominantly free -gold spatially associated with quartz -carbonate veining and minor
sulphides.
The Colomac Main Deposit has been arbitrarily divided into 6 mineralized zones along strike. Drilling in 2024 is
focused on the southern-end (Zones 2.5, 3.0, & 3.5) of Colomac Main, targeting areas where there is the lack
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.nighthawkgold.com).
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of drilling information and has the potential to intersect higher-grade, open-pit gold mineralization. Hole C24-
01 targeted Zone 2.5 and intersected coarse-gold mineralization within the quartz-diorite.
Figure 1: Colomac Main – Photo #1 of Coarse-Gold Intersected by Hole C24-01 (287.3 m)
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Figure 2: Colomac Gold Project – Property Map
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Figure 3: Colomac Main - Exploration Results Map
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Figure 4: Colomac Main – Exploration Drilling Cross Section “A-B” Looking North
Figure 5: Colomac Main – Photo #2 of Coarse-Gold Intersected by Hole C24-01 (298.4 m)
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Tower Gold Project Drilling – Golden Highway Exploration Targets (See Figures 6-8)
STLLR has identified several high-potential exploration targets in the Golden Highway area of the Tower Gold
Project (See Figure 6 for the Drill Location Map). These targets are located outside of the known mineralization
and drilling will test either the potential extensions of the known mineralization or areas where the geological
interpretation appears favourable for new gold discoveries.
Windjammer Central
Windjammer Central is a continuation of the Windjammer Deposit located immediately north of the regional
Banded Iron Formation , hosted in Timiskaming -age, clastic sediment -hosted stacked quartz veins. The
mineralization is bound to the north by the mafic to ultramafic units associated with the Discovery Deposit.
Hole MGH24 -523 intersected broad mineralization in an area not previ ously drilled. Hole MGH24 -525
intersected mineralization outside the 2022 Tower MRE2 block model.
Windjammer and Southwest South Limb Targets
Windjammer South and Southwest mineralization are primarily associated with the Timiskaming-age, clastic
sediment-hosted stacked quartz-veins located immediately south of the regional Banded Iron Formation on
the north limb of a folded basin. Drilling at Windjammer South and Southwest tested the potential for similar
mineralization controls along the south limb of the basin. Initial results confirm continued gold
mineralization along the primary mineralizing structures. Based on positive indications that the mineralized
system continues within the southern portion of the basin, follow up work is required in the winter.
2For more information on the Tower Gold Project Mineral Resource Estimate (“2022 Tower MRE”) and Preliminary Economic Assessment (“2022 Tower PEA”) effective as
of September 7, 2022, please refer to the NI 43-101 technical report titled “NI 43-101 Report & Preliminary Economic Assessment of the Tower Gold Project Northeastern
Ontario, Canada” dated November 29, 2022, which is available on STLLR Gold’s profile on SEDAR+ www.sedarplus.ca and www.stllrgold.com
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Figure 6: Tower Gold Project – Drill Location Map
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Figure 7: Windjammer Central – Exploration Results Map