MAJOR DRILL UPDATE: (STRPF) STRUCK IT BIG!
We want you to hear it straight from the source. Johnathan More, Chairman and CEO of Starr Peak (TSX-V: TSE & US: STRPF), dissected the drilling results that the company has made in July: “The results are some of the highest-grade results reported to date on our NewMétal project. We are seeing both high grade and wide intersections during this drill campaign and I am very pleased to see such rich mineralization being intersected significantly deeper than we have drilled before as well as indications of very good continuity of the high-grade mineralization near surface. Our technical team has honed in their targeting such that nearly each drill hole is intercepting very exciting visual mineralization. We are aggressively drilling this project to rapidly build tonnage and look forward to receiving and releasing additional drill holes results in the near future.”
After the company announced its significant high-grade volcanogenic massive sulfide (VMS) intercepts in the company’s first drill holes, Starr Peak wisely decided to increase its drilling program from 5,000 to 20,000 meters, as we see it.
The key to it all is that the width and high grades of this massive sulfide body are very encouraging and point to the significant potential at depth on the NewMétal property.
On May 4th, as you know, Starr Peak (US: STRPF) reported maiden drilling results, up to 20.94% Zn, 0.43% Cu, 39.58 G/T Ag, and 0.21 G/T Au over 12.10 meters and a new discovery at depth with additional massive sulfides (VMS)!
All of this has resulted in Starr Peak (US: STRPF) forming a world-class advisory team and strengthening its management team. They’re attracting people that want to be part of this momentum!
The cherry on top is that they welcomed Dr. Jacques Trottier as Chief Technical Advisor.
The reason that this is a corporate masterpiece appointment, in our opinion, is that Dr. Trottier is the Founder and Chairman of Amex Exploration Inc., the second company active in this camp, which made its own gold discovery resulting in a +700% surge in its stock price!
Before that, he was CEO of Sulliden Exploration, where he bought the Shahuindo Mines in Peru and grew the asset to approximately 3M ounces of gold!
This transaction led to the merger between Sulliden and Rio Alto, transforming Rio Alto into a mid-tier producer that later merged with Tahoe Resources. The Shahuindo Mines are now under production by Pan American Silver following its takeover of Tahoe Resources.
The competitive advantage, in this case, is that Dr. Jacques Trottier is very familiar with their NewMétal polymetallic project, which is located just next to Amex’s Perron Gold project.
Having been involved with and working on VMS-type deposits throughout his career, this project appears to be very promising, in his own words. This puzzle is piecing together like we’d hoped.
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