STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit
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Figure 1:
Table 1: Jonpol Drilling Highlights:
Hole ID |
Deposit |
Result |
MGA23-156 |
Jonpol |
1.19 g/t Au over 23.00 m (incl. 6.05 g/t Au over 2.00 m) & 2.09 g/t Au over 21.00 m (incl. 7.46 g/t Au over 3.20 m) |
MGA23-157 |
Jonpol |
1.34 g/t Au over 31.00 m (incl. 6.09 g/t Au over 2.00 m) |
MGA23-193 |
Jonpol |
1.58 g/t Au over 14.00 m (incl. 8.45 g/t Au over 2.00 m) |
MGA23-194 |
Jonpol |
3.15 g/t Au over 3.30 m (incl. 4.98 g/t Au over 2.00 m) & 0.74 g/t Au over 28.70 m (incl. 1.88 g/t Au over 6.00 m) |
“g/t Au”: grams per tonne gold; “m”: metres |
Tower Gold Project Update:
- 123,290 m, in 453 drill holes, of the 140,000 m infill drill program completed have been released.
“We anticipate receiving the remaining assay results from our
Jonpol Deposit Drilling
The Jonpol Deposit is located on the eastern end (
The results from this batch of drilling (please also refer to the Company’s
- Drill holes MGA23-156 and MGA23-157 (See Figures 2, 3, & 4): Intersected grades that are higher than the Tower MRE block model.
- Drill holes MGA23-193 and MGA23-194 (See Figures 2 & 3): Intersected near-surface mineralization and elevated grades outside the Tower MRE block model.
- Drill holes MGA23-167 and MGA23-196: Geomechanical drilling that will benefit future pit shell designs.
Overall, the drilling at Jonpol confirmed the resource block model, potentially increasing the estimated grades locally in some areas. The increased drill density (50 m drill-centre spacings) provides additional confidence in the Tower MRE block model, with the potential to upgrade the areas drilled to a higher resource category and further define future geological models.
Table 2: Tower Gold – Jonpol Deposit: Drill Intercepts
Zone |
Hole Number |
From (m) |
To (m) |
Interval (m) |
Graude (g/t Au) |
Metal Factor
|
Jonpol |
MGA23-156 |
37.00 |
60.00 |
23.00 |
1.19 |
27.37 |
Jonpol |
including |
52.00 |
54.00 |
2.00 |
6.05 |
12.10 |
Jonpol |
and |
94.00 |
115.00 |
21.00 |
2.09 |
43.89 |
Jonpol |
including |
102.00 |
105.20 |
3.20 |
7.46 |
23.87 |
Jonpol |
MGA23-157 |
27.00 |
58.00 |
31.00 |
1.34 |
41.54 |
Jonpol |
including |
29.00 |
31.00 |
2.00 |
6.09 |
12.18 |
Jonpol |
MGA23-164 |
65.00 |
69.00 |
4.00 |
1.17 |
4.68 |
Jonpol |
and |
170.00 |
178.00 |
8.00 |
0.50 |
4.00 |
Jonpol |
MGA23-167 |
Geomechanical; No significant intervals |
||||
Jonpol |
MGA23-193 |
60.50 |
74.50 |
14.00 |
1.58 |
22.05 |
Jonpol |
including |
60.50 |
62.50 |
2.00 |
8.45 |
16.90 |
Jonpol |
and |
86.50 |
97.60 |
11.10 |
0.48 |
5.33 |
Jonpol |
MGA23-194 |
11.70 |
15.00 |
3.30 |
3.15 |
10.40 |
Jonpol |
including |
11.70 |
13.70 |
2.00 |
4.98 |
9.96 |
Jonpol |
and |
24.00 |
52.70 |
28.70 |
0.74 |
21.24 |
Jonpol |
including |
33.00 |
39.00 |
6.00 |
1.88 |
11.28 |
Jonpol |
MGA23-196 |
Geomechanical; No significant intervals |
||||
Jonpol |
MGA23-197 |
No significant intervals |
||||
Jonpol |
MGA23-199A |
No significant intervals |
||||
Note: All intercepts are calculated using a 0.30 g/t Au cut-off, a maximum of 5m internal dilution and no top cap applied. Drill intercepts are not true widths. |
Table 3: Tower Gold – Jonpol Deposit: Resource Infill Drill Hole Details
Zone |
Hole Number |
Easting |
Northing |
Elevation |
Azimuth |
Inclination |
End of Hole Depth (m) |
Jonpol |
MGA23-156 |
577928.098 |
5374330.467 |
282.14 |
150.03 |
-57.03 |
171.0 |
Jonpol |
MGA23-157 |
578008.214 |
5374303.119 |
283.45 |
329.99 |
-57.02 |
87.0 |
Jonpol |
MGA23-164 |
578412.65 |
5374417.027 |
289.038 |
155.01 |
-57.02 |
225.0 |
Jonpol |
MGA23-167 |
577564.098 |
5374243.635 |
290.453 |
10.03 |
-75.10 |
147.0 |
Jonpol |
MGA23-193 |
577229.846 |
5374063.905 |
303.824 |
149.94 |
-56.11 |
141.0 |
Jonpol |
MGA23-194 |
577313.205 |
5374094.308 |
298.748 |
160.11 |
-58.02 |
141.0 |
Jonpol |
MGA23-196 |
577363.087 |
5374059.865 |
298.25 |
179.97 |
-75.03 |
147.0 |
Jonpol |
MGA23-197 |
577457.562 |
5374082.552 |
297.182 |
334.01 |
-57.10 |
171.0 |
Jonpol |
MGA23-199A |
577515.236 |
5374126.209 |
287.454 |
340.04 |
-57.14 |
60.0 |
Quality Control Procedures
NQ drill core is oriented and cut with half sent to
Qualified Person
About STLLR Gold
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to timing of the updated Tower MRE, confirmation of the Tower MRE block model, potential expansion of the known mineralization at the
Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with required regulatory approvals, the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on supply chains, environmental risks, COVID-19 and other pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the joint management information circular of STLLR dated
1 For more information on the Tower MRE effective as of
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STLLR Gold Investor Relations
+1 (416) 863-2105 | investors@stllrgold.com | www.STLLRgold.com
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