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Sterling Metals Corp V.SAG

Alternate Symbol(s):  SAGGF

Sterling Metals Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration and development of resource properties. The Company is advancing the Adeline Project in Labrador, which covers an entire sediment-hosted copper belt, with demonstrated potential for important new copper discoveries with significant silver credits, and the Sail Pond Project in Newfoundland. The Company’s 29,700 hectares (ha) Adeline Project is located in the prolific Central Mineral Belt in Labrador, Canada. The Trans-Labrador highway is approximately 70 miles away from the project site, a hydro access road is 38 miles away. The Company’s 13,500 Ha Sail Pond project is located on Newfoundland’s Great Northern Peninsula, eastern Canada. The project adjacent to many regional services and within 32 kilometers of the St. Anthony regional airport.


TSXV:SAG - Post by User

Comment by ValueProon Sep 05, 2023 10:59am
99 Views
Post# 35619821

RE:RE:Company update on activities

RE:RE:Company update on activities
At least both projects are district-scale, potentially supporting multiple projects at each location.  However, the Adeline project is multiples the size of Sailpond.

Here is an interesting extract from the company's summary of the Adeline project.


"Robust early-stage exploration database including Mag/IP/Resistivity and over 250 copper samples assaying as high as 26.9% Cu.

Pipeline of exploration targets at different stages of development including two drill-ready targets at two key prospects, one of which has returned an encouraging intercept of 1.76% Cu and 58.2 g/t Ag over 7.9 m on the edge of a large chargeability anomaly (2011, Playfair hole SL-11-10)"  [Emphasis added.]

At any rate, having multiple projects reduces risk, and having two multiple district-scale projects further reduces risk. 

Returning to Sailpont, it's been 90 days since drilling began there.  Under typical conditions, we should be hearing of results at any time.

VP




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