Storm Exploration Identifies Compelling VMS Target at Gold Standard
News Release
February 8, 2023
TSX-V: STRM
Storm Exploration Identifies Compelling VMS Target at Gold Standard
Vancouver, B.C., February 8, 2023 – Storm Exploration Inc. (TSX-V: STRM) (the “Company”)
today announced that it has identified a large conductivity anomaly in recently collected airborne
magnetic and electromagnetic (“EM”) survey data. The anomaly has a strike length of more than
five kilometres and occurs in host rocks that are often associated with Volcanogenic Massive
Sulphide (“VMS”) mineralization. This is supported by copper and zinc mineralization noted in
historical drill holes.
Figure 1: Gold Standard Conductivity Anomaly – 2022 VTEM Survey
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“This is an exciting development at Gold Standard,” commented Bruce Counts, President & CEO of
Storm Exploration. “The size of the conductivity anomaly, coupled with the presence of chalcopyrite
and sphalerite in historical drill holes suggest that it may represent a significant base metal VMS
system. In addition, the area can be accessed using existing forestry roads; therefore, the planned
follow-up work will be cost-effective.”
The conductivity anomaly was identified in a property-wide airborne magnetic and electromagnetic
survey flown in Q3/2022 using the Versatile Time Domain Electromagnetic (“VTEM”) system.
Historical geophysics conducted in the late 1960’s across the property was subsequently drill tested
using a small, man-portable drill between 1969 and 1970. Only four holes were drilled and all were
terminated at a depth of less than 50 metres. Three of these holes encountered chalcopyrite and
sphalerite, which are copper and zinc bearing minerals respectively (see Figure 1 & Figure 2).
The anomaly lies along the limbs of an apparent fold that is adjacent to the regional -scale Manitou
Straits shear zone in the southwest of the property which hosts the gold bearing quartz veins that
were mined between 1901 and 1903 (see news release dated 27 September, 2022: StormEx Reports
up to 166 g/t Au from Grab Samples at Gold Standard ). T he newly identified conductivity an omaly
can be accessed using exiting forestry roads, making its evaluation simple and cost-effective.
Figure 2: Gold Standard Total Magnetic Intensity – 2022 VTEM Survey
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Next Steps
Ground reconnaissance exploration, including prospecting and surface mapping, will be conducted
along the length of the conductivity anomaly once the snow has melted in the area. Targets of
interest will be drill tested upon receipt of an Exploration Permit. Final hole selection will be based
on results from the prospecting and sampling program with drilling expected to commence in
Q3/2023.
First Nations
The Gold Standard property lies withing the traditional territory of he Naicatchewenin and
Nigigoonsiminikaaning First Nation. Discussions have been initiated with First Nations to develop a
Memorandum of Understanding that support mineral exploration at Gold Standard.
Qualified Person
The technical contents of this news release have been reviewed and approved by Bruce Counts, P.
Geo., President, CEO and a Director of Storm Exploration Inc. and Qualified Person under National
Instrument 43-101
About Storm Exploration Inc.
Storm Exploration is a Canadian mineral exploration company focused on the discovery and
development of economic precious and base metal deposits on four district -scale projects in
northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.
Neither the TSX Venture Exchange nor its Regulat ion Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy
or accuracy of this release.
For further information, please contact:
Storm Exploration Inc.
+1 (604) 506-2804