Stelmine Canada Following a successful outcome of the recent maiden drilling campaign on its 100% owned Mercator property, Stelmine acquired 310 new claims expanding the property to the east and southwest to constitute a bloc totaling 560 km2. The area now represents 1.5 times the surface of the island of Montreal. The new claims were staked in the metamorphosed Opinaca metasedimentary basin in areas favorable to the [...]
Stelmine Canada is pleased to announce the completion of its maiden 2000 m diamond drilling campaign on its Mercator property . The thirteen drillholes were completed in a 1.8 km x 400 m area covering several gold-bearing zones detected at the surface . The property is located in the Caniapiscau mining district, 160 km west of Fermont, northeastern Quebec. Logging of core material shows similar rock type and sulphide [...]
Stelmine Canada is pleased to announce the results of the 14 drill holes, 2,237 m maiden drilling program on Zones 1 and 4 on its 100%-owned Courcy property in northeastern Quebec, Caniapiscau mining district. Results from Zone 1 show the presence of visible gold in three holes, whereas STHCOU-001, 002 and 003 yielded intervals of 2.86 g/t Au over 10.0 m; 2.79 g/t Au over 4.5 m and 2.28 g/t Au over 2.20 m, respectively [...]
Stelmine Canada is pleased to announce the results of an IP/Resistivity Survey on its gold-mineralized Meridian Zone at its Mercator Property in northeast Quebec that increased the gold-prospective area, extending the zone to 3.6 km along a NE/SW strike with a 700 meters width at the southwestern end. The survey also reveals at least three distinct high gold-prospective layers branching from the NE probably representing [...]
Stelmine Canada is pleased to announce the start of phase 1 of its maiden heliborne drilling campaign on its 100%-owned Mercator project. The company expects to drill 2000 m distributed along 100-180 m deep holes on the Meridian gold-bearing Zone extending 2.5 km X 500 m. The drill sites were established based on the recent gold discoveries, geology, 2022 IP survey (Induced Polarization) and the results of a heliborne MAG [...]
Stelmine Canada is pleased to divulgate gold assay results of channel and grab samples collected within the 100% owned Mercator property located in northeastern Quebec. At the core of the property, the Meridian Zone, yielded 22 channel sites carrying significant gold values such as 2.07 g/t Au over 27.5 m, 2.16 g/t Au over 16.0 m and 2.13 g/t Au over 12.5 m. Grab samples also include high gold concentrations such as 18.2 [...]
Stelmine Canada is pleased to announce the start of a new exploration phase at its Mercator Property in the heart of a potential new gold district in northern Quebec, west of Fermont. Mineralization is found on the crest, flank and foothill of a 100-metre high, 500-metre wide, NE/SW oriented 3 km elongated hill characterized by strong positive magnetic anomalies. Gold mineralization has been discovered along a minimum [...]
Stelmine Canada is pleased to announce that the Company has completed Phase 1 drilling at its 100%-owned Courcy Project where the target is near-surface gold mineralization in a vastly under-explored part of northern Quebec with district scale potential. Highlights: A total of 14 drill holes comprising 2,237 m were completed in Phase 1; Twelve of the 14 holes tested Zone 1. Three of those holes intersected visible gold [...]
Stelmine Canada is pleased to announce that it has closed a non-brokered private placement of flow-through units for gross proceeds of $2,500,000. In conjunction with the offering, Michael Gentile has acquired 5,785,500 units of the Company with each unit comprising one common share of Stelmine and one-half of a common share purchase warrant representing approximately 9.9% of the issued and outstanding common shares of [...]
Stelmine Canada is pleased to announce that it has closed a non-brokered private placement of flow-through units for gross proceeds of $2,500,000. In conjunction with the offering, Michael Gentile has acquired 5,785,500 units of the Company with each unit comprising one common share of Stelmine and one-half of a common share purchase warrant representing approximately 9.9% of the issued and outstanding common shares of [...]
Stelmine Canada Ltd. is pleased to announce that it has closed the second and final tranche of a non-brokered private placement of units at $0.20 per Unit. For this second tranche the Company issued 7,880,000 Units for gross proceeds of $1,576,000. Combined with the first tranche of the Offering , the Company sold an aggregate of $2,090,000 of Units. Net proceeds of the Offering will be used to extend the current drilling [...]
Stelmine Canada is pleased to announce that it has closed the first tranche of a non-brokered private placement of units . The Company issued a total of 2,570,000 Units at a price of $0.20 per Unit for gross proceeds of $514,000 under the Offering. Each unit consisted of one common share of the Company and one-half of one transferable common share purchase warrant. Each full warrant will entitle the holder to acquire one [...]
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