STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit
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STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm
Mineralization at the Jonpol Deposit
TORONTO, ONTARIO, March 28, 2024 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or
the “Company”) announces the remaining assay results from the infill and confirmatory drilling program at
the Jonpol Deposit at the Garrison (Eastern) area of the Tower Gold Project in Timmins, Ontario, Canada.
Table 1: Jonpol Drilling Highlights:
Hole ID Deposit Result
MGA23-156 Jonpol 1.19 g/t Au over 23.00 m (incl. 6.05 g/t Au over 2.00 m) &
2.09 g/t Au over 21.00 m (incl. 7.46 g/t Au over 3.20 m)
MGA23-157 Jonpol 1.34 g/t Au over 31.00 m (incl. 6.09 g/t Au over 2.00 m)
MGA23-193 Jonpol 1.58 g/t Au over 14.00 m (incl. 8.45 g/t Au over 2.00 m)
MGA23-194 Jonpol 3.15 g/t Au over 3.30 m (incl. 4.98 g/t Au over 2.00 m) &
0.74 g/t Au over 28.70 m (incl. 1.88 g/t Au over 6.00 m)
“g/t Au”: grams per tonne gold; “m”: metres
Tower Gold Project Update:
• 123,290 m, in 453 drill holes, of the 140,000 m infill drill program completed have been released.
Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: “Results from the Jonpol Deposit
drilling improves our confidence in the resource block model . In addition, the higher -grade intercepts from
holes MGA23-156, MGA23-157, MGA23-193, and MGA23-194 compared to the Tower MRE block model estimate
suggests the potential to expand the known mineralization of the deposit.”
“We anticipate receiving the remaining assay results from our Tower Gold Project drilling in the coming weeks
and plan to update the markets accordingly.”
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Jonpol Deposit Drilling
The Jonpol Deposit is located on the eastern end (Garrison Area) of the Tower Gold Project in Timmins, Ontario
(See Figure 1 for the Tower Gold Project - General Location Map). Mineralization at Jonpol is associated with
shear zones within mafic to ultramafic rocks, and is modelled as four contiguous mineralized zones along the
Munro Fault, which is a splay from the regional Destor-Porcupine Fault Zone (“DPFZ”). The 2023 drill program
at Jonpol was focused on the near-surface infill (up to 150 m below the surface) and extensions of the Tower
Gold Project Mineral Resource Estimate1 (“Tower MRE”).
The results from this batch of drilling (please also refer to the Company’s December 7, 2023 news release for
the previous batch of drilling at Jonpol) appear to confirm the continuity of the Jonpol mineralization as
estimated by the Tower MRE block model. This is evident particularly with holes MGA23-164, MGA23-197 and
MGA23-199A. In addition:
• Drill holes MGA23-156 and MGA23-157 (See Figures 2, 3, & 4): Intersected grades that are higher than
the Tower MRE block model.
• Drill holes MGA23-193 and MGA23-194 (See Figures 2 & 3): Intersected near-surface mineralization and
elevated grades outside the Tower MRE block model.
• Drill holes MGA23-167 and MGA23-196: Geomechanical drilling that will benefit future pit shell designs.
Overall, the drilling at Jonpol confirmed the resource block model, potentially increasing the estimated grades
locally in some areas. The increased drill density (50 m drill-centre spacings) provides additional confidence in
the Tower MRE block model, with the potential to upgrade the areas drilled to a higher resource category and
further define future geological models.
1 For more information on the Tower MRE 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, 20 22, which is available on STLLR Gold’s profile on SEDAR+ www.sedarplus.ca
and www.stllrgold.com
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Figure 1: Tower Gold Project - General Location Map
Figure 2: Tower Gold Project – Jonpol Deposit: Infill Drill Location Map
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Figure 3: Tower Gold Project – Jonpol Deposit: Infill Drilling Cross Section “A-B”
Figure 4: Tower Gold Project – Jonpol Deposit: Infill Drilling Cross Section “C-D”
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Table 2: Tower Gold – Jonpol Deposit: Drill Intercepts
Zone Hole Number From
(m)
To
(m)
Interval
(m)
Graude
(g/t Au)
Metal
Factor
(g/t Au x m)
Jonpol MGA23-156 37.00 60.00 23.00 1.19 27.37
Jonpol including 52.00 54.00 2.00 6.05 12.10
Jonpol and 94.00 115.00 21.00 2.09 43.89
Jonpol including 102.00 105.20 3.20 7.46 23.87
Jonpol MGA23-157 27.00 58.00 31.00 1.34 41.54
Jonpol including 29.00 31.00 2.00 6.09 12.18
Jonpol MGA23-164 65.00 69.00 4.00 1.17 4.68
Jonpol and 170.00 178.00 8.00 0.50 4.00
Jonpol MGA23-167 Geomechanical; No significant intervals
Jonpol MGA23-193 60.50 74.50 14.00 1.58 22.05
Jonpol including 60.50 62.50 2.00 8.45 16.90
Jonpol and 86.50 97.60 11.10 0.48 5.33
Jonpol MGA23-194 11.70 15.00 3.30 3.15 10.40
Jonpol including 11.70 13.70 2.00 4.98 9.96
Jonpol and 24.00 52.70 28.70 0.74 21.24
Jonpol including 33.00 39.00 6.00 1.88 11.28
Jonpol MGA23-196 Geomechanical; No significant intervals
Jonpol MGA23-197 No significant intervals
Jonpol MGA23-199A No significant intervals
Note: All intercepts are calculated using a 0.30 g/t Au cut-off, a maximum of 5m internal dilution and no top cap applied. Drill intercepts are not true
widths.
Table 3: Tower Gold – Jonpol Deposit: Resource Infill Drill Hole Details
Zone Hole Number Easting Northing Elevation Azimuth Inclination End of Hole
Depth (m)
Jonpol MGA23-156 577928.098 5374330.467 282.14 150.03 -57.03 171.0
Jonpol MGA23-157 578008.214 5374303.119 283.45 329.99 -57.02 87.0
Jonpol MGA23-164 578412.65 5374417.027 289.038 155.01 -57.02 225.0
Jonpol MGA23-167 577564.098 5374243.635 290.453 10.03 -75.10 147.0
Jonpol MGA23-193 577229.846 5374063.905 303.824 149.94 -56.11 141.0
Jonpol MGA23-194 577313.205 5374094.308 298.748 160.11 -58.02 141.0
Jonpol MGA23-196 577363.087 5374059.865 298.25 179.97 -75.03 147.0
Jonpol MGA23-197 577457.562 5374082.552 297.182 334.01 -57.10 171.0
Jonpol MGA23-199A 577515.236 5374126.209 287.454 340.04 -57.14 60.0
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Quality Control Procedures
NQ drill core is oriented and cut with half sent to ALS Laboratories Inc. (ALS) for drying and crushing to -2 mm, with a 1.00
kg split pulverized to -75 µm (200#). ALS is an ISO 17025 accredited laboratory. A 50 g charge is Fire Assayed and analyzed
using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected
samples with visible gold or high -grade mineralization are assayed by Metallic Screen Fire Assay on a 1.00 kg sample.
STLLR inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and
coarse reject sample duplicates, as well as completing routine third -party check assays at Bureau Veritas Commodities
Canada Ltd.
Qualified Person
John McBride, MSc., P.Geo., Vice President of Exploration for STLLR, who is the “Qualified Person” as defined by NI 43 -
101 for this project, has reviewed and approved of the technical disclosure contained in this news release.
About STLLR Gold
STLLR Gold Inc. (TSX: STLR; OTCQX: STLRF; FSE: O9D) is a Canadian gold development company actively advancing two
cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac
Gold Project located north of Yellowknife, Northwest Territories. Each of these two projects has the potential for a long-
life and large -scale operation and are surrounded by exploration land with favorable upside potential. STLLR’s
experienced management team, with a track record of successfully advancing projects and operating mines, is working
towards rapidly advancing these projects.
Contact Us
STLLR Gold Investor Relations
+1 (416) 863-2105 | [email protected] | www.STLLRgold.com
Forward-Looking Information
This news release contains “forward-looking information ” within the meaning of applicable Canadian securities legislation. Forward -
looking information includes, but is not limited to, information with respect to timing of the updated Tower MRE, confirmation of the
Tower MRE block model, potential expansion of the known mineralization at the Tower Gold Project, the timing of the release of the assay
results from Tower Gold project drilling, the goals, synergies, strategies, opportunities, profile, mineral resources and potential production,
project timelines, pr ospective shareholding, integration and comparables to other transactions, the future financial or operating
performance of STLLR and STLLR’s mineral properties and project portfolios, the advancement of the Tower Gold and Colomac Gol d
Projects, long-life and large-scale potential of the Tower and Colomac Gold Projects and exploration upside of the land packages. Generally,
forward-looking information can be identified by the use of forward -looking terminology such as “accelerate”, “add” or “additional”,
“advancing”, “anticipates” or “does not anticipate”, “appears”, “believes”, “can be”, “conceptual”, “confidence”, “continue”, “convert”
or “conversion”, “deliver”, “demonstrating”, “estimates”, “encouraging”, “expand” or “expanding” or “expansion”, “expect” or
“expectations”, “fast-track”, “forecasts”, “forward”, “goal”, “improves”, “increase”, “intends”, “justification”, “leading”, “plans”,
“potential” or “potentially”, “pro-forma”, “promise”, “prospective”, “prioritize”, “reflects”, “re-rating”, “robust”, “scheduled”,
“stronger”, “suggesting” or “suggests”, “support”, “updating”, “upside”, “will be” or “will consider”, “work towards”, or variations of
such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or
“be achieved”.
Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on
a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actu al results,
level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking
information, including risks associated with required regulatory approvals, the exploration, development and mining such as e conomic
factors as they effect exploration, futu re commodity prices, changes in foreign exchange and interest rates, actual results of current
exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on suppl y chains,
environmental risks, COVID-19 and other pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with
development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing
quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well
as those risk factors discussed in the joint management information circular of STLLR dated December 20, 2023 , available on
www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from
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those contained in forward -looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as actual results and future events co uld differ
materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward -looking
information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.