How A Junior Miner Might Have Sparked A New Canadian Gold Rush prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Vancouver, British Columbia (Newsfile Corp. - May 13, 2021) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleased to announce that the Company has closed its
Canada Could Become Ground Zero Of A New Gold Rush
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LONDON, May 10, 2021 /PRNewswire/ This is the type of story that investors only dream about. It all began about a year ago after a monster gold discovery was made…..and then a savvy junior mining company scooped up the adjoining land plus one of the largest past-producing mines in Quebec s history, looking for a repeat discovery. Mentioned in today s commentary includes:
Barrick Gold (NYSE: GOLD),
Newmont (NYSE: NEM),
Kinross Gold Corp. (NYSE: KGC),
) jumped at the chance to get into this area. They managed to strategically acquire all the land adjacent to Amex’s big discovery and also went one step further and acquired the past producing Normetal mine. We think this was a huge feat for a newly formed exploration company.
And the timing may be perfect.
They then commenced what’s reported as a fully funded 20,000-meter drill campaign in early February of this year.
They announced that after three weeks of drilling, the drilling was going so well that they brought on a second drill rig a month later – a prime indication of success – and they are reported to have now ordered a 3rd drill rig to the property.
Starr Peak reports results from first drilling campaign on NewMetal
Starr Peak Mining (TSXV: STE; US-OTC: STRPF) has reported initial assays from its first drill program on its NewMetal property in Quebec’s Abitibi greenstone belt, immediately adjacent to the town of Normetal and about 140 km northwest of Val-d’Or.
Highlights included drillhole STE-21-08, which intersected 12.10 metres grading 20.94% zinc, 0.43% copper, 39.58 grams silver per tonne, and 0.21 grams gold per tonne (23.82% zinc equivalent) from 285.60 metres, including 2.65 metres of 44.30% zinc, 0.04% copper, 28.60 grams silver, and 0.21 grams gold (45.78% zinc equivalent).
Hole STE-21-04 returned 12.30 metres grading 6.47% zinc, 0.22% copper, 28.55 grams silver, and 0.11 grams gold (8.19% zinc equivalent) from 351 metres.