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STLLR Gold Inc. (TSX:STLR) (OTCQX:STLRF) (FSE: O9D) has announced the final batch of assay results from its exploration drilling at the Colomac Gold Project in the Northwest Territories, Canada. These results mark the conclusion of the 2024 drilling campaign and provide promising insights into the mineralization potential of the project.
Drilling Highlights
The latest assays reveal significant mineralization at the Colomac Main Deposit, which is the primary deposit of the Colomac Gold Project. The drilling focused on Zones 2.5 and 3.0, areas previously underexplored and located below the 2023 Preliminary Economic Assessment (PEA) pit shell. Notable results from the latest drilling include:
- Colomac Main Zone 2.5: Hole C24-14 intersected:
- 2.81 g/t Au (grams per tonne gold) over 18.50 meters, including 71.80 g/t Au over 0.50 meters.
- 1.33 g/t Au over 34.00 meters, including 4.46 g/t Au over 3.55 meters.
- 0.74 g/t Au over 20.00 meters, including 12.20 g/t Au over 0.50 meters.
- Colomac Main Zone 3.0: Hole C24-12 encountered:
- 0.85 g/t Au over 37.00 meters, including 1.03 g/t Au over 24.45 meters.
These results indicate the presence of high-grade gold mineralization beyond the known zones and below the previous resource estimates.
Exploration and Development
Keyvan Salehi, President, CEO, and Director of STLLR, highlighted the significance of these findings. “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,” Salehi stated.
The Colomac Main Deposit extends approximately 9 kilometers in length and up to 155 meters in width, bounded by mafic volcanic rocks. The mineralization is primarily free gold associated with quartz-carbonate veining and minor sulphides, occurring in six distinct zones along its strike.
The 2024 drilling campaign targeted the southern end of Colomac Main, specifically Zones 2.5, 3.0, and 3.5, where data was limited and the potential for higher-grade mineralization was high. The drilling intersected significant mineralization near deep geological fault structures and within quartz-diorite, the primary host rock for gold in the deposit.
