Stelmine Canada Ltd. announces today that it has completed a non-brokered private placement . A total of 6 532 902 common shares of the Company were issued in this Placement, for total proceeds of $907,380. The $907 380 Placement consisted of the issuance of: 4 596 152 units at a price of $0.13 per unit, for gross proceeds of $597,500. Each Unit is [...]
Stelmine Canada is pleased to announce the appointment of Ms. Carole Gilbert, geologist and lawyer, to its Board of Directors. Ms. Gilbert has 10 years of experience in the mining sector and a profound understanding of the technical aspects of the industry and the legal considerations that are applicable to it. Ms. Gilbert practices corporate and [...]
Stelmine Canada Stelmine announces an update on its current exploration work. The current focus of exploration work on the Courcy property is on the northwestern flank of the major anticline structure associated with the gold prospective Couteau fault. Our geology crew has unearthed several new interesting sulfide-rich structures associated with [...]
Stelmine Canada Ltd. announces today that it has completed a non-brokered private placement . A total of 1,142,166 common shares of the Company were issued in this Placement, for total proceeds of $203,500. In order to perform the planned drilling campaign on its Courcy property, the Company will launch a new financing round for which it has [...]
Stelmine is pleased to announce, as of July 14, the first stage of its drilling campaign program on its Courcy flagship gold property located in the Superior Province near the Quebec-Labrador border. In order to ensure the positioning of the drill collars on the most promising targets, a team of geologists will carry out additional exploration [...]
Stelmine Canada Ltd. is making plans to drill at its Courcy flagship project. Indeed, during the last two years the Company has completed meticulous exploration work with results allowing the initiation of a drilling campaign at shallow depth. Courcy is a relatively recent project undertaken just two years ago by Stelmine. However, the property was [...]
Stelmine reports the discovery of two new gold-bearing zones near the major 21-km long Couteau fault. Last channel sampling, carried out by the Company, lead to the exposure of mineralized outcrops located over 7 km southwest of the main Courcy 2.4 zone. Gold values of 1.15 g/t over 2.0 m and 1.05 over 3.0 m were detected in highly deformed [...]
Stelmine Canada reveals the results of its exploration campaign completed on the Joubert property in which channel samples provided values of 0.83 g/t Au on 1.5 m and 1.10 g/t Au on 0.25 m. These new gold values support the recent discoveries obtained on the Trieste and Mercator properties in the eastern sector of the Opinaca metasedimentary basin [...]
Stelmine Canada reveals the results of its 2018 exploration campaign on the Trieste property. Channel sampling carried out on a chloritized amphibolite rock at proximity of a silicate/oxide iron formation exposed in the eastern sector of the property yielded a gold value of 2.81 g/t on 1 m. The assay corroborates the 1.10 g/t Au concentration [...]
Stelmine Canada submits the results of its exploration campaign conducted on the Mercator property located less than 85 km NW of the Courcy flagship property. Gold values provided by three grab samples yielded: 7.44 g/t Au with 1090 ppm As. 0.45 g/t Au with 87 ppm As. 0.44 g/t Au with 19 ppm As. The mineralized sites form the SW extension of the [...]
Stelmine Canada today announced the results of the annual meeting of its shareholders held in Montreal on this date. During the Meeting, the candidates recommended by management, being André Proulx, Isabelle Proulx, Christian Guilbaud, Michel Boily, Normand Goulet and Ann Levasseur, were elected as directors of the Company, Brunet Roy Dubé [...]
Following the exploration work completed on its Courcy flagship property over the last two years, Stelmine can correlate the gold mineralization with a major fault zone which extends 21 km. Best gold assays are provided by pyrrhotite-rich amphibolite and iron formation samples within or near this major fault. “The association between gold [...]
