That’s what it takes to make a high impact mineral discovery – it doesn’t happen by accident.
Intense effort from a top tier team has put Stelmine on the cusp of something truly stellar in Northern Quebec, the discovery of a potential major new gold district on the under-explored eastern side of the 600-km-long mineral-rich Opinica metasedimentary basin.
The western side of this basin (James Bay) features Newmont’s world class Eleonore mine and Azimut Exploration’s Elmer discovery.
Stelmine is demonstrating that the eastern part of this basin has similar geological characteristics and potential, led by the Courcy Property where the company is now following up with fresh drilling after a game-changing hole.
A result such as 42 m grading 4.2 g/t Au, including 105 g/t over 1.5 m within 12.2 g/t over 13.5 m, starting just 12 m downhole is a discovery by any definition, especially when it’s now known that the gold is associated with a fault that continues for 21 km!
Stelmine’s holdings are massive – over 800 sq. km with Courcy and Mercator leading the charge.
One of the largest iron ore mines in the world operates near Fermont, about 100 km east of Courcy, so this is a part of the world where big things can happen on the resource front.
Join us on this exciting journey as we aim high and strive to build spectacular shareholder value from the discovery at Courcy and other stellar opportunities across Stelmine’s district scale landholdings.
The 2006 Courcy discovery hole drilled by SOQUEM, the Quebec government’s exploration arm, was the last of only 8 shallow drill holes ever completed at this under-explored project. These holes were geophysics targets as the geological setting was not well understood at the time.
Stelmine’s initial drilling in October 2021 will target gold-bearing zones at the core of a folded thrust fault exposing highly deformed and metamorphosed garnet and sulphide-rich iron formations and amphibolites at the hinge point of a broad antiform.
Approximately 2.4 km south of the discovery hole, channel sampling by Stelmine’s crews returned gold values up to 167 g/t Au over 0.5 m.
The hunt is on – Courcy has the potential to deliver high-grade gold mineralization over a very broad area.
In parallel with the development of Courcy, Stelmine geologists have made multiple new surface discoveries at Mercator appoximately 100 km to the northwest.
Mercator has never been previously drilled and offers impressive exploration upside.