16 September 2024
TORONTO, Ontario, September 16, 2024 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or the “Company”) announces the final batch of assay results from the exploration drilling at the Colomac Gold Project (the “Project”) in the Northwest Territories, Canada.
Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR stated: “Our 2024 drilling campaign at Colomac concluded successfully, revealing mineralized zones beyond the known mineralization and below the 2023 Colomac PEA pit shell. The results suggest the potential to expand the Project’s estimated mineral resources. With exploration drilling at both Colomac and the Tower Gold Project in Timmins now complete, we are focused on finalizing the updated Mineral Resource Estimate for the Tower Gold Project.”
| Zone |
Hole ID |
Assay Result |
| Colomac Main 2.5 |
C24-14 |
2.81 g/t Au over 18.50 m (incl. 71.80 g/t Au over 0.50 m) & 1.33 g/t Au over 34.00 m (incl. 4.46 g/t Au over 3.55 m) & 0.74 g/t Au over 20.00 m (incl. 12.20 g/t Au over 0.50 m) |
| Colomac Main 3.0 |
C24-12 |
0.85 g/t Au over 37.00 m (incl. 1.03 g/t Au over 24.45 m) |
"g/t Au”: grams per tonne gold; “m”: metres
Colomac Gold Project Drilling – Colomac Main Deposit (See Figures 1-5)
The Colomac Main Deposit, the primary deposit of the Colomac Gold Project, occurs in a north-south striking differentiated mafic sill, approximately 9 km long and up to 155 m wide, bounded by mafic volcanic rocks. Mineralization predominantly consists of free gold, associated with quartz-carbonate veining and minor sulphides. The Colomac Main Deposit is divided into six mineralized zones along its strike.
The 2024 drilling campaign focused on the southern end of Colomac Main (Zones 2.5, 3.0, and 3.5) in areas with limited data and potential for higher-grade gold mineralization. The latest drilling targeted Zones 2.5 and 3.0 below the 2023 Colomac PEA pit shell. Significant mineralization was intersected near deep, cross-cutting geological fault structures. Holes C24-14 and C24-12 encountered intervals of mineralized quartz-diorite, the primary host rock for gold in the deposit, below the known mineralization.
See news release for assay details and figures.