In June 2019, Starr Peak Exploration Ltd. acquired a priority land package in northwestern Quebec, directly east of Amex Exploration Inc.’s Perron Property and proximal to the past-producing Normétal Mine. The newly acquired NewMétal Property (“NewMétal” or the “Property”) consists of 53 mineral claims covering 1,420 hectares of highly prospective ground for orogenic gold and polymetallic VMS style mineralization in a region well-known for its gold occurrences and historical production. The Company plans to complete an initial program of prospecting, geological mapping, and high-resolution drone geophysics in order to prepare for an inaugural drilling campaign.
The NewMétal Property is located in the Abitibi Greenstone Belt of Quebec, along the Chicobi Deformation Zone. The Property is directly adjacent to Amex Exploration Inc.’s Perron Property, from which recently announced drill results include 32.2 g/t Au over 5.90 metres and 30.98 g/t Au over 8.50 metres (see Amex Exploration news releases dated May 21st and June 3rd, 2019), and proximal to the past-producing Normétal Mine, from which approximately 10.1 million tonnes grading 2.24% Cu, 5.41% Zn, 0.526 g/t Au, and 44.45 g/t Ag were extracted periodically between 1937 and 1975, with development down to a depth of approximately 2.4 km (SIGEOM - Mine Normétal).
Figure 1: Regional Geology of the Abitibi Greenstone Belt with respect to Starr Peak’s NewMétal Property. Source: Amex Exploration. (Note: the total ounces/tonnes noted for each mining camp has not been independently verified by the QP)
The Company’s NewMétal Property in underlain by favourable geology consisting of rhyolite and mafic volcanic rocks, as well as diabase dikes and granitic intrusions. Further, the Property straddles a section of the Normetal Fault, a major structural corridor associated with significant polymetallic occurrences along strike from the Property, most notably, the past producing Normétal Mine.
Quebec’s SIGEOM database notes two historical mineral showings present on the Property; Rang I-Lots 44-57 and Perron-Desmeloizes-Nord. The Rang I-Lots 44-57 Showing was discovered by diamond drilling in 1966 with 0.02% Cu and 2.38% Zn over 0.15 metres reported (Sondage 1-66). A sample of 1.02 g/t Au over 0.3 metres was also reported from a drill hole completed in 1993 in the same area (Sondage 93-05). The Perron-Desmeloizes-Nord Showing was discovered 1952 and reported as a select surface sample of 14.5 g/t Au associated with pyrite and pyrrhotite in volcanic rocks.