- Stelmine Canada (TSXV:STH) has discovered six new targets at its Mercator project in the James Bay region of Quebec
- The targets were found to the west of the T-Rex Zone and also confirmed two gold exploration targets on the T-Rex Zone directly
- The six new till anomalies are comparable in amplitude and continuity to those at the Meridian Gold Zone
- Shares of Stelmine Canada are unchanged at C$0.08
Stelmine Canada (TSXV:STH) has made the discovery of six new targets at its Mercator project in the James Bay region of Quebec.
In a news release, the Quebec City-based company stated these new targets were found to the west of the T-Rex Zone and also confirmed two gold exploration targets on the zone directly.
According to Stelmine Canada, the six new anomalies are comparable in amplitude and continuity to those at the Meridian Gold Zone.
The company said other highlights include:
- In total, eight zones, including six new areas, are highlighted by gold ore or as copper anomalies based in 1,327 till samples
- Confirmation that the current exploration methodology works well beyond the Meridian Zone
- Confirmation that these anomalies are located adjacent to more mafic (iron-rich) stratigraphic units that are favourable for gold mineralization
- Geochemical confirmation of the 8 kilometres of favourable stratigraphy between Meridian and Baleine Zones previously defined by geophysics
Stelmine Canada is a junior mining exploration company at the forefront of the Caniapiscau gold district east of James Bay.
Shares of Stelmine Canada are unchanged at C$0.08.
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