Highlights
Upper Zone (above 400m vertically)- STE-21-36: 19.05 m of 6.07 % ZnEq which includes 1.04% Cu
- STE-21-25: 7.65 m of 8.90 % ZnEq which includes 0.44% Cu
- STE-21-32: 11.75 m of 5.62 % ZnEq including 4.20 m of 13.15 % ZnEq
Deep Zone (below 400m vertically)- STE-21-43: 13.30 m of 10.39 % ZnEq, including 4.45 m of 3.16 % Cu
- STE-21-14-W1: 11.80 m of 8.28 % ZnEq which includes 0.84 % Cu
Systematic drilling of the upper zone has returned copper rich intervals and also defined local separation of the mineralized massive sulphide intervals into the holes by a length of approximately 30 meters in core length. To date, this separation is only located near shallower Normetmar historic mineralization and is not observable into the main Upper and Deep zones. See below Table 1, Table 2 and Figure 1 showing the most recent assay results and estimations of drill hole mineralized intervals.
Drilling continues on the project targeting the deep new discovery zone below 600m vertical depth and systematic drilling of the Normetmar Upper zone above 400m vertical depth. An exploration plan of the prolific Normetmar-Normétal lithological contact within the property is currently underway, taking into account 2021 new massive sulphide interceptions.
Qualified Person
References and disclosures
Normétal historical Mine and Normetmar:
Summary Report,
*Metal Factor zinc equivalent formula: Zn_eq (%)* Core length
Zn_eq (%) = Zn(%) + [Cu(%) * Cu price (lb) / Zn price (lb)] + [Ag(%) * Ag price (oz) * 14,632 / Zn price (lb) ] + [Au(%) * Au price (oz) * 14.632 / Zn price (lb)]
Zn_eq % based on US$: 1.2$/lb Zn,
The historical information on the Longitudinal have not been validated otherwise than with the information inside historical reports and cross sections. Exact location of historical drill hole pierce points on the longitudinal may be different.
The Company wishes to caution that historical resources described above are historical. The historic resources are relevant to give a ballpark estimate of the potential on the property. Historical resources should not be relied upon. The key assumptions, parameters and methods used to prepare the historical estimate is not known and thus the difference between the historic estimates and NI 43-101 compliant estimates is also not known. The historical estimates used categories other than the ones set up in sections 1.2 and 1.3 of National Instrument 43-101, Standards of Disclosure for Mineral Projects. A qualified person has not reviewed the historical estimates and has not done sufficient work to classify the historical estimates as current mineral resources and Starr Peak is not treating the historical estimates as current mineral resources under National Instrument 43-101 and CIM Standards for mineral resources and reserves. Further exploration work needs to be done to correctly evaluate these historical resources. Additionally, the methodology of calculation is unknown by the qualified person.
Grab samples are selective by nature and the values reported may not be representative of the mineralized zone.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.
On Behalf of the Board of Directors of
"Johnathan More"
Chairman and Chief Executive Officer
About
Neither the
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "
Cautionary Note Regarding Forward-Looking Information:
This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Starr Peak assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.
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