STELMINE ANNOUNCES RESULTS OBTAINED DURING ITS 2008 OPINACA CAMPAIGN
Montreal, April 1, 2009 – Stelmine Canada Ltd (“Stelmine”), ( TSX-STH) announces the results of its 2008 exploration campaign realized on the Opinaca property, located In the eastern section of the Opinaca Reservoir, 320 kms North of Matagami, in the James Bay Region of Quebec.
The geophysical exploration and prospecting program covered the whole land portion of the south block of the Opinaca mining property.
The shores of the Opinaca Reservoir were prospected and the erratic mineralized boulder specimens found were collected for analysis. For the most part, the mineralized boulders were oxidized amphibolites sometimes with up to a 10% sulphide content. The boulder specimen analysis revealed only one anomal gold specimen containing 191 ppb of gold and three anomal copper specimens containing respectively 214, 351 and 335 ppm of copper.
Prospecting traverses spaced out by 250 and 500 meters were performed on the whole land proportion of the mining property, or on a distance of about 20 km. The mineralized outcrops were visited, photographed and sampled. The more massive rock sampling such as granites and pegmatites sometimes required the use of a portable drill in order to obtain representative specimens.
The formations and outcrops observed on the whole of the property are limited to pink granites and quartz- bearing diorites. The size distribution varies from medium to coarse. A few white milk sterile-looking quartz veins were observed cutting across massive granites but no gold-bearing content was reported in the analysis.
The scintillometer prospecting of the granites on the property did however reveal several uraniferous anomalies, some exceeding 1000 cps justified the portable drill sampling. The uranium analyses were performed by the Laboratoire Expert of Rouyn Noranda and the best results obtained are the following:
A total of 34.5 km of lines with a North-South orientation and spaced out by 250 meters were drawn to cover the entire land portion of the property.
The grid line (localization grid) was used to perform a magnetic and radiometric survey. Readings were taken at 50 meter intervals along the lines with a nip at every 25 meters in those areas of the property showing anomalies.
The magnetic survey reports no significant anomalies. The radiometric survey shows a background of about 50 to 200 cps in total counts, as well as several punctiform anomalies of about 500 to over 3,000 cps over the entire area studied.
Mr. Maurice Giroux, a geologist and qualified person as defined by National Instrument 43-101, has read and approved the content of this news release.
Stelmine Canada Ltd is a junior mining exploration company newly listed on the TSX Venture Exchange under the symbol STH.
For additional information, contact:
Mr. Michel Lemay
President and Chief Executive Officer
Tel.: (514) 866-6299
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Stelmine is making plans to drill on the Courcy property
- Stelmine unearths two new gold mineralized zones on the Courcy property
- Encouraging results in the new sector of the eastern Opinaca basin
- 2.81 g/t Au on 1 m discovered by Stelmine
- Significant gold values extending over more than one km for Stelmine
- Stelmine announces the results of its annual meeting of Shareholders
- Gold mineralization associated with a major fault extending 21 km at Courcy
- Stelmine initiates new exploration work
- Stelmine completes the second tranche of a private placement of $1,305,500
- Suzanne Piché investit dans Stelmine Canada Ltée (règles du système d’alerte) (En français seulement)
- June 2019 (1)
- April 2019 (2)
- February 2019 (2)
- January 2019 (1)
- November 2018 (1)
- September 2018 (1)
- July 2018 (2)
- June 2018 (2)
- May 2018 (1)
- April 2018 (3)
- February 2018 (1)
- January 2018 (1)
- December 2017 (2)
- October 2017 (2)
- September 2017 (1)
- August 2017 (1)
- June 2017 (3)
- May 2017 (1)
- April 2017 (1)
- February 2017 (3)
- January 2017 (2)
- December 2016 (3)
- November 2016 (2)
- September 2016 (1)
- July 2016 (6)
- June 2016 (1)
- January 2014 (1)
- June 2012 (2)
- February 2012 (1)
- December 2011 (1)
- February 2011 (1)
- December 2010 (1)
- December 2009 (2)
- October 2009 (1)
- June 2009 (1)
- April 2009 (1)
- June 2008 (1)
- December 2007 (1)
- January 2007 (1)