Stelmine Canada Ltd.: New interpretations of gold-bearing zones on the Courcy property
QUEBEC, QUEBEC--(Marketwired - Aug. 22, 2017) - Stelmine Canada Ltd. (« Stelmine ») (TSX
VENTURE:STH) is updating the current exploration work undertaken on its Courcy flagship property located in the eastern
segment of the Opinaca basin near the Quebec/Labrador border. Since mid-June 2017, our field crew took large steps toward
the reinterpretation of known gold-bearing zones.
Presently, our exploration work focuses on the Courcy property where previous drilling by another mining company in 2006
revealed an intersection of 4,5 g/t Au @ 42 m (including 12 g/t Au @ 13,5 m; Ref : PR, December 2016).
Our results suggest a new geological interpretation of the terrane based on a metallogenic model relating the gold
mineralization to silcate-facies Banded Iron Formations (BIFs) deposited within a large basin dominated by deformed and
metamorphosed metasediments (conglomerates, sandstones, quartzites) associated with mafic to felsic volcanic assemblages
(basalts, rhyodacites, rhyolites).
"We are delighted with the reinterpretation of the geological map of the property, which opens the door to new
discoveries since only 25% of the property (156 km2) will be investigated during this year's exploration. These
discoveries confirm our desire to acquire new properties located in the eastern portion of the Opinaca subprovince, the latter
being the site of the Éléonore Mine to the west" stated Isabelle Proulx, CEO of Stelmine.
A crew of eight employees composed of senior and junior geologists and technicians are carrying out geological mapping, rock
sampling (grab and channel) and overburden stripping that allowed:
- The reinterpretation and clarification of the former geological map
- Performing overburden stripping covering hundreds of m2 to enlarge the mineralized zones and expose
new areas
- Collecting over 338 rock samples for analyses
Stelmine is completing the exploration of its Courcy property. The work results, including precious and base metals assays,
will enable the emplacement of future drill holes.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the
Courcy camp and of our crew at work.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National
Instrument 43-101.
About Stelmine
Stelmine is a junior mining exploration company and its activities are located in the Province of Québec. Stelmine holds 754
claims spanning 383 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high
potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its
capital stock consists of 21,926,452 issued and outstanding shares for a current market capitalization of $5.5 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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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.