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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 24,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. The Copper Road Project is located in Batchewana Bay, Ontario, which has a package hosting two past-producing copper mines, the Tribag Mine and the Coppercorp Mine, and the Project has several confirmed zones of mineralization, with each zone containing multiple under-explored mineralized breccia pipes. The Adeline Project is located in the prolific Central Mineral Belt in Labrador, Canada. The Company’s Sail Pond project is located on Newfoundland’s Great Northern Peninsula, eastern Canada.


TSXV:SAG - Post by User

Comment by ValueProon Sep 05, 2023 10:59am
131 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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