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Courcy Property

NORTHERN QUEBEC’S NEWEST GOLD DISCOVERY!

Courcy Discovery Hole

by SOQUEM

42m core interval grading 4.2 g/t Au starting just 12m downhole

(includes 12.2 g/t Au over 13.5m and 105 g/t (VG) over 1.5 m).

CAPITALIZING ON COURCY

POTENTIAL GOLD-RICH COURCY FAULT ZONE EXTENDS FOR 21 KM!

Drilling has targeted gold mineralization now interpreted to be associated with the Couteau and Brulis thrust faults that extend for 21 km.

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 has targeted 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.

The hunt is on – Courcy has the potential to deliver gold mineralization over a very broad area.

2021-2022 Drill Campaign Courcy

A total of 14 drill holes comprising 2,237 metres were completed in Phase 1

Zone 1

Around SOQUEM Discovery Hole #8
• Stelmine has extended the prospective gold system in Zone 1 to at least 300 metres along the Couteau Fault
• Twelve of the 14 holes tested Zone 1
• Results from Zone 1 show the presence of visible gold (VG) in three holes, whereas STHCOU-001, 002 and 003 yielded intervals of 2.86 g/t Au over 10.0 m; 2.79 g/t Au over 4.5 m and 2.28 g/t Au over 2.20 m.

Zone 4
Drilled for the first time in 2022

• 2 drill holes completed
• Intersected sulphide mineralization in an assemblage of fuchsite-bearing metasediments and garnet-rich amphibolites
• Results are pending

Exploration campaigns carried out from 2017 to 2020 highlighted several other gold targets notably a 1 km-long structure along the Couteau fault, 7 km southwest of Zone 1, revealing strong geophysical anomalies and significant gold and arsenic values (Zone 3). At least six other targets were identified through an association of geophysical anomalies and till sampling results throughout the property.

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