VANCOUVER, BC - Starr Peak Mining Ltd. ('Starr Peak' or the 'Company') (TSXV: STE) (OTCQX: STRPF) is pleased to announce that the company has acquired the Copper Clive Project ('Copper Clive' or 'the Property'), a land package located in the Abitibi Greenstone Belt of Quebec, around 10 kilometers north of the Company's 100% owned past-producing Normetal Mine (10.1Mt @ 2.15% Cu, 5.12% Zn, 0.55 g/t Au, 45.25 /t Ag) and Amex Exploration Inc.'s Perron gold mineralization.
Newly Acquire Property Highlights
New 2023 ground geophysics anomaly (TDEM), never drilled
Adjacent known Copper mineralization (Norcopper showing - 1.5% Cu over 1.5m)
Adjacent to a felsic rock characterized by the same datation range (2725.4 +/- 0.9 Ma versus 2725.4 +/-2.3 Ma) than the Beaupre rhyolite, hosting Perron gold mineralization (MRD299)
Johnathan More, Chairman and CEO of Starr Peak commented, 'We are looking forward to an active 2025 exploration program and this new property gives us an opportunity to explore another under-estimated area for base metals and gold mineralization. With features that identify its great potential, the Copper Clive Property align with Starr Peak's vision to explore for critical minerals. This additional property gives us a stronger footprint in this emerging district.'
The Copper Clive property consist of 29 mining claims, totaling 3,643.23 hectares, 100% owned by Starr Peak Mining LTD. Next exploration phases will include Geophysics airborne Electromagnetic Survey (VTEM), prospecting and drilling defined anomaly.
Terms of the Agreement
The company will acquire 100% interest in 29 mineral claims covering a total of 3,643.23 hectares, located in the Abitibi Greenstone Belt of Quebec. To acquire 100% interest in the claims the Company paid a purchase price of $40,000.00 to the vendor.
References and disclosures
MRD299, Geological Mapping and Compilation of the Burntbush-Normetal Volcanic Belt, Abitibi Greenstone Belt, Ontario-Quebec, Ontario Geological Survey, Barrett, T.J., Ayer, J.A., Ordonez-Calderon, J.C., Hamilton, M.A., 2013
Normetal historical Mine and Normetmar: Summary Report, Normetmar Project, January 1988 by L. Boivin
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.
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.
About Starr Peak Mining Ltd.
Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to create long term shareholder value through mineral discoveries.
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 'U.S. Securities Act'), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a 'U.S. person' (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
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.
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