QUÉBEC CITY, QUÉBEC--(Marketwired - Dec. 14, 2016) - Stelmine Canada (TSX VENTURE:STH) announce the acquisition from Exploration J.F. of 90 % of the Courcy-East property a significant gold-rich discovery in a new mining district located within the Archean Opinaca subprovince less than 100 km west of Fermont, Quebec.
In 2006, SOQUEM spent 600 000$ in exploration work, including a campaign of eight (8) short holes which intersected lithologies containing significant amount of gold. Best gold intersection from one hole is 4,5 g/t Au over 42 m including 12g/t Au over 13,5m. Over 30 gold-rich showings were identified without subsequent verification by drilling.
These showings represent two principal types of geologically prospective gold environment:
Stelmine acquired from Exploration J.F. 90% of the exploration right on 43 claims which were increased afterward in 176 claims covering an area of 92 km2on the following six conditions:
The core material drilled by SOQUEM was kept in good condition, part of which will be submitted to re-analyses for gold and other base metals. This will help Stelmine to publicly file a 43-101 Technical Report.
«Stelmine intends to focus its exploration efforts and resources on a relatively unexplored but highly prospective region». Stated Isabelle Proulx, CEO and President of Stelmine.
The technical content of this release was approved by Michel Boily, PhD, geo, a Qualified Person as defined by National Instrument 43-101. This agreement is subject to the approval of the statutory authorities.
This press release is illustrated on the web site www.Stelmine.com
About Stelmine
Stelmine is a restructuring junior Québec mining exploration company operating in Québec. Its capital stock consists of 17,728,884 issued and outstanding shares for a current market capitalization of $6 million.
Forward-looking statements
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