QUÉBEC CITY, QUÉBEC--(Marketwired - Feb. 28, 2017) - Stelmine Canada Ltd.
(« Stelmine ») (TSX VENTURE:STH) continuing its recent wave of acquisition of mining properties located at the
prospective eastern contact of the Opinaca and La Grande subprovinces that bears similar geological features to that of Goldcorp
Éléonore mine, Stelmine acquired the Joubert property. This fifth property, staked through the MRNQ GESTIM website, is located 55
km NE of the Renard diamond mine which is accessible by Road 167. Joubert, 100% owned by Stelmine, is constituted of 108
continuous claims totaling 60 km2.
During the mid-2000s, exploration work conducted by Virginia Mines in greenstone belts exposed northeast of the Joubert
property lead to the discovery of gold showings. A recent large scale geological map of NTS sheets 33H01, 23E03, 23E04 compiled
from previous work and new mapping carried out by Quebec's MERN (CG-2015-02) enabled the identification of prospective areas for
Au-Cu mineralization (see map on www.stelmine.com).
The geology of the Joubert property manifests some of the characteristics associated with gold mineralization occurring at the
periphery of the western Opinaca sedimentary basin at the contact with the La Grande subprovince (e.g. Éléonore, Zone 25, La
Grande-South). Moreover, the contact between the subprovinces is manifested by regional EW to NE-oriented major
plurikilometric-long fault zones. In Joubert, the exposed La Grande rocks are largely constituted of highly metamorphosed
paragneiss and diatexites (Salomon River Fm.), amphibolite rocks (basaltic) forming the Trieste Fm. and of gneissic to foliated
granodiorites and tonalites of the Joubert Suite. The Opinaca lithologies are represented the paragneiss, diatexites and
metatexites of the Laguiche Complex.
«With the acquisition of the Joubert property, Stelmine follows an aggressive strategy of discovering high- potential gold
properties set in a similar geological environment to that of the Éléonore Mine. This new acquisition brings the Company
portfolio to five properties totalling 707 claims and covering 368 km2» stated Isabelle Proulx, president and CEO.
The technical content of this release was approved by Michel Boily, PhD, Geo, a Qualified Person as defined by National
Instrument 43-101.
About Stelmine
Stelmine is a restructuring junior Québec mining exploration company operating in Québec. Its capital stock consists of
18,353,884 issued and outstanding shares for a current market capitalization of $4.5 million
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the
future economic performance of Stelmine and carry known and unknown risks, uncertainties and other factors that may appreciably
affect their results, economic performance or accomplishments when considered in light of the content or implications or
statements made by Stelmine. Actual events or results could be significantly different. Accordingly, investors should not place
undue reliance on forward-looking statements.
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