Annonce • Dec 20
Stelmine Canada Ltd. announced a financing transaction Stelmine Canada Ltd. announced a private placement of Common Shares on December 19, 2025. The company expects to close an initial tranche of up to $100,000 in the near term, with the proceeds intended to be used to finance payments in connection with the proposed option agreement with Stelmine, including the initial $100,000 cash payment contemplated thereunder. The company expects to close a second tranche of up to $900,000 thereafter, with the proceeds intended to be used for working capital and other expenditures related to the proposed option agreement and the projects. Completion of the private placement remains subject to customary conditions, including the receipt of all required regulatory approvals. All securities issued in connection with the private placement will be subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws. Annonce • Apr 14
Stelmine Canada Announces CEO Changes Stelmine Canada announces the appointment of Mr. Christian de Saint-Rome, an experienced mining executive, as CEO. This position will be filled during Isabelle Proulx's temporary interruption for reasons of a personal nature. Mr. de Saint-Rome has extensive experience of international mining exploration companies. His appointment will ensure a smooth transition and continuity of Stelmine's strategy. During this period, Mr. de Saint-Rome will maintain his role as CEO of CopperZone Resources Ltd, for a few hours a week. Christian has over 25 years' experience in start-up management and international capital markets. He is CEO, Director and co-founder of CopperZone Resources Ltd, a privately-owned Canadian company, generating projects in Africa. Over the past 12 years, Rio Tinto, BHP, Vale, First Quantum and MMG have been major partners in CopperZone, as well as three key global institutional investors. He was co-founder and CEO of Kalahari Copper Ltd, an exploration company in Namibia and Botswana, where he was involved in several major project negotiations. Christian was also corporate development advisor to Northern Shield Resources (NRN-TSXV) and finally corporate advisor and president of Bearclaw Capital (BRL-TSXV), then on the board of Scandinavian Minerals (SGL-TSX), which was sold for CAD 281 million. As a former Canadian investment advisor, he has taken several courses on the Canadian securities industry and is an alumnus of McGill University. Annonce • Apr 13
Stelmine Announces Executive Changes Stelmine Canada announces the appointment of Mr. Christian de Saint-Rome, an experienced mining executive, as interim President. This position will be filled during Isabelle Proulx's temporary interruption for reasons of a personal nature. Mr. de Saint-Rome has extensive experience of international mining exploration companies. His appointment will ensure a smooth transition and continuity of Stelmine's strategy. During this period, Mr. de Saint-Rome will maintain his role as CEO of CopperZone Resources Ltd, for a few hours a week. Christian has over 25 years' experience in start-up management and international capital markets. He is CEO, Director and co-founder of CopperZone Resources Ltd, a privately-owned Canadian company, generating projects in Africa. Over the past 12 years, Rio Tinto, BHP, Vale, First Quantum and MMG have been major partners in CopperZone, as well as three key global institutional investors. He was co-founder and CEO of Kalahari Copper Ltd, an exploration company in Namibia and Botswana, where he was involved in several major project negotiations. Christian was also corporate development advisor to Northern Shield Resources (NRN-TSXV) and finally corporate advisor and president of Bearclaw Capital, then on the board of Scandinavian Minerals (SGL-TSX), which was sold for CAD 281 million. As a former Canadian investment advisor, he has taken several courses on the Canadian securities industry and is an alumnus of McGill University. Annonce • Jan 27
Stelmine Canada Ltd. Announces Board Changes Stelmine Canada Ltd. announced at annual general meeting held on January 26, 2024, the shareholders elected Vaughn David Bricknell as Director of the company. The company is proud to welcome Mr. Bricknell to its board of directors and is convinced he will play an active role in the direction of Stelmine. Mr. Vaughn David Bricknell is a project/fund manager, with 28 years of experience in Financial Services, since 1995 a managing member of Madewell Investments CC of South Africa, where his responsibilities include portfolio analysis and management through to post -retirement mutual funds, commission reconciliation, structuring and Buy and Sell Agreements. Since 2016 he is also Chief Financial Officer for Fortune Fuels Limited of South Africa, where he oversees fuel import, sales distribution and retail enterprise as well as raising capital for mining, aviation, and storage facilities. He has also served as Fund Manager for Listco Capital Limited (Hong Kong) for fourteen years, where he raised capital for mining, construction, and property deals on three continents. Mr. Bricknell has a B.Sc. in Quantity Surveying, which deals with management of all aspects of the contractual and financial side of construction projects. At the same time, the Company announced the departure of Mrs. Julie Lemieux from the board of directors. However, she will continue to accompany the Company as a management consultant. Annonce • Dec 13
Stelmine Canada Ltd. announced a financing transaction Stelmine Canada Ltd. announced a non brokered private placemen to issue flow-through units on December 12, 2023. Each FT Unit consisted of one common share and one-half of a non-flow-through common share purchase warrant. . Each Warrant will entitle the holder to acquire one additional common share at a price of CAD 0.14 per common share until December 12, 2025.
On the same date, the company announced that it has issued 5,943,528 FT Units at a price of CAD 0.085 per FT Unit for the gross proceeds of CAD 505,199.88 in the first tranche. In connection with the Offering, the Company will pay a finder’s fee of CAD 26,775 in cash. The transaction included participation from 3 insiders for CAD 18,800. All securities issued in connection with this Offering are subject to a hold period of four months ending on April 13, 2024 in accordance with applicable securities laws. The Offering is subject to the approval of the TSX Venture Exchange. New Risk • Nov 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.4m free cash flow). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.17m market cap, or US$5.27m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Annonce • Nov 21
Stelmine Canada Ltd., Annual General Meeting, Jan 26, 2024 Stelmine Canada Ltd., Annual General Meeting, Jan 26, 2024. New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.13m market cap, or US$5.90m). Minor Risk Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Annonce • Nov 02
Stelmine Canada Completes A Till Geochemistry Program At Courcy and Confirms Five New Targets Stelmine Canada announced that a recent till geochemical survey completed on the Courcy project (100% STH) confirmed several additional exploration targets. A total of 186 till samples (fine fraction) and 8 rock samples were collected. This geochemical survey targeted the extensions of known gold-mineralized zones. Highlights include: Five anomalies defined by high values in gold and/or copper and arsenic were outlined. The main anomaly, in the area of Zone 3, is located approximately 7.5km SW of the discovery area drilled by SOQUEM in 2006 and by Stelmine in 2021-2022. The anomalies are found within an area of 7.8 x 2.8km. Gold values of up to 272 ppb were obtained in the tills. Stelmine drilling completed by the winter of 2022 2021-2022 in Zone 1, gave up 2.86 g/t Au over 10.0m, including 5.28 g/t Au over 4.4m. Three of Stelmine's twelve drill holes in this zone included intersections showing visible gold. Note that this is comparable to the 2006 discovery intersection (by SOQUEM) that also included visible gold. Note that This is comparable to the 2006 discovery intersections (by SOQUEM) that also Included visible gold. The till sampled at Courcy is a sediment formed thousands of years ago by glacial erosion. As a glacier advances, any exposed mineralization will be crushed, transported and eventually deposited downstream as glacial sediment. Basal tills are a mixture of sediments that are generally transported over a limited distance, and do not represent a point source. Roughly 1 kg of till is collected, cleaned of coarse pebbles (greater than sixteen millimeters) and organic material, and put in single use plastic bags that are sealed and numbered with plastic cable ties, For each sample collected, the sample number, UTM coordinates obtained with a portable GPS, and a brief description are systematically recorded on an electronic tablet by the geologist. The samples are then transported to base camp, dried for at least 48h, then put in larger rice bags and kept securely in a field tent before being sent by floatplane to the city of Wabush. Transport to the Actlabs laboratories in Ancaster, Ontario is done by truck using dependable transport companies. Gold and other elements are analyzed by the INAA+ICP_OES (code 1H) methods. Annonce • Oct 12
Stelmine Canada Defines Six New Targets over Twenty Nine Km at Mercator Stelmine Canada announced the results of the most recent till geochemical survey carried out on the Mercator project (100% STH) allowed the definition of six new targets located mainly to the west of the T-Rex Zone, but also confirm two gold exploration targets at the T-Rex Zone. This geochemical survey targeted the extensions of known mineralized zones that had previously been stripped and sampled. Results show a series of anomalies that now extend over a linear distance of about twenty-nine (29) km, including over fifteen (15) km to the west and southwest of the T-Rex target. Highlights include: A total of eight zones (including in six new areas) are highlighted by Au and/or As, Cu anomalies, based on a total of 1327 till samples (fine fraction) that were taken mainly to the west and north of the Meridian Zone. Confirmation that the current exploration methodology, including airborne and ground geophysics, together with till and rock geochemistry, works well beyond the Meridian Zone; Confirmation that these anomalies are located adjacent to more mafic (iron-rich) stratigraphic units that are favorable for gold mineralization, similar to those exposed at the Meridian Zone which provided significant gold values and intervals (P.R. of August 8, 2023); Geochemical confirmation of the 8km of favorable stratigraphy between Meridian and Baleine Zones previously defined by geophysics (P.R. of September 20, 2023); The six new till anomalies are comparable in amplitude and continuity to those known at the Meridian gold Zone, which, importance was highlighted by favorable 2022 drill results. Note association of defined anomalies (ellipses) with the Iron-rich units, and distribution of the anomalies over a linear distance of twenty-nine kilometers. Roughly 1 kg of till is collected, cleaned of coarse pebbles (greater than sixteen millimeters) and organic material, and put in single use plastic bags that are sealed and numbered with plastic cable ties, For each sample collected, the sample number, UTM coordinates obtained with a portable GPS, and a brief description are systematically recorded on an electronic tablet by the geologist. The samples are then transported to base camp, dried for at least 48h, then put in larger rice bags and kept securely in a field tent before being sent by floatplane to the city of Wabush. Transport to the Actlabs laboratories in Ancaster, Ontario is done by truck using dependable transport companies. Gold and other elements are analyzed by the INAA+ICP_OES (code 1H) methods. Annonce • Sep 21
Stelmine Discovers A New Mineralized Zone 3Km Ne of the T-Rex Zone At Mercator Stelmine Canada announced the discovery of a highly mineralized sulfide zone located 3 and 5 km from the T-Rex and Meridian zones, respectively. The new zone has essentially identical geological and geophysical characteristics to those of the Meridian Zone; indicating significant gold potential. Note that drilling carried out on the Meridian Zone returned up to 2.62 g/t Au over 17.8m, including 4.87 g/t Au over 5.6m (P.R. of May 11, 2023). Mercator (100% STH) is located in the northeastern part of Quebec, approximately 160km west of Fermont. The mapping and sampling program currently underway on the Mercator project has led to the discovery of a new mineralized zone (visual), lying approximately 2km beyond the limits of the recently completed IP survey in this area (P.R. of August 8, 2023). This new discovery now allows following the horizons of interest over more than 8km, i.e., from the Meridian Zone to the T-Rex Zone (P.R. of September 8, 2023) up to the new zone. Grab and channel samples have been sent to the assay lab and results are pending. Similarities between the new zone and the Meridian Zone include: The new stripped areas, generally oriented E-W, show mineralization with a minimum lateral continuity of 600m. The structural elements observed, as well as the magnetic patterns, suggest the presence of a foldhing in this sector; Abundant sulfide mineralization consisting predominantly of pyrrhotite, with subordinate arsenopyrite-lollingite and traces of chalcopyrite; A positive magnetic anomaly generated by pyrrhotite +- magnetite, associated with gold mineralization; A highly metamorphosed lithological assemblage including metasediments with altered and metamorphosed mafic intrrusions, as well as tonalitic intrusive rocks; Siliceous zones that may correspond to metamorphosed cherts and/or alteration zones, locally associated with gold mineralization. Simplified geological map showing chargeability values at 25m depth generated by the 2023 IP survey, including the magnetic anomalies (iron-rich unit) of the Meridian and T-Rex zones. The recent discovery is located approximately 3km NE of the T-Rex Zone. Note the association between zones of high chargeability and magnetic anomalies that coincide with the main host rock of the gold mineralization. Annonce • Jul 21
Stelmine Canada Conducts Thin Section Petrographic Study of Surface and Mineralized Drill Core Samples from Mercator Gold Property Stelmine Canada recently conducted a thin section petrographic study of surface and mineralized drill core samples from the Mercator gold property. The study has provided a better understanding of the type of mineralization and process of formation. This newfound knowledge will lead to more efficient and effective exploration and mining practices. The Mercator property (100%-STH) is situated in northeastern Quebec, approximately 150 km from Fermont. Three new elements are relevant for the potential mining exploitation of this property: Probable late remobilisation of gold; Orogenic type mineralization; and Gold processing by gravity/flotation. Late Mineralization: The discovery of a late gold mineralization process could potentially lead to a new outlook regarding mineralization outside of the iron formation layers within metasediments and intrusive rocks. There are several observed structures in the field that could have acted as a conduit for the mineralizing fluids. The mineralogy of the rocks associated with the gold mineralization is quite similar to that of highly metamorphosed iron formations. Gold is found in inclusions and within pores of the arsenopyrite-löllingite assemblage, coupled with pyrrhotite and minor content of chalcopyrite and pyrite. It's also included in microfactures and found in epidote-pyrrhotite (± chalcopyrite ± graphite) veinlets. Interestingly, gold grains occur in late alteration zones in amphibole and proximal to pyrrhotite. This could suggest gold remobilization during a hydrothermal and/or metamorphic event posterior to the primary mineralization. Orogenic type mineralization: Based on the mineralogical study, it has been confirmed that the mineralization present is of the orogenic type. Despite being highly metamorphosed, the iron formations and metasediments exhibit geological characteristics similar to those found in deposits located within the Superior Province of Canada. Some notable examples include the Meadowbank deposit with 4 M oz. of Au, the Lake Amaruq mine with 2.7 M oz. of Au, both located in the Medialine district of Nunavut, and the Musselwhite deposit in northern Ontario, which has measured and indicated resources of 3.7 Mt at 3.55 g/t Au. Gold Processing by gravity/flotation: The arsenopyrite/löllingite/pyrrhotite and Au association in iron formations will guide the ore processing. Gold could be recovered by a gravity/flotation circuit with the remainder leached using cyanide, with the gold captured using carbon-in-pulp (CIP) circuit. QA/QC Protocol: Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Mercator property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples (core, channel and grab) were put in sturdy plastic bags, tagged, and sealed in the field under the supervision of geologists in training. Sample bags were then put in rice pouches and kept securely in a field tent before being sent by floatplane to the city of Wabush. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from dependable transport companies. Gold was analyzed by fire assay (1A2_ICP_50 g) or the INAA+ICP_OES (1H) methods. Annonce • Jun 28
Stelmine Canada Ltd. announced that it has received CAD 0.432 million in funding Stelmine Canada Ltd. announced a non-brokered private placement to issue 2,400,000 Flow-Through Units at a price of CAD0.18 per Flow-Through Unit for the gross proceeds of CAD 432,000 on June 27, 2023. Each FT Unit consisted of one common share. All securities issued in connection with this Placement are subject to a hold period of four months and one day ending on October 27, 2023. In connection with the Offering, the Company will pay a finder’s fee of CAD 12,960 in cash Payment of the Finder’s Fee is subject to the acceptance of the TSX Venture Exchange. The Placement is subject to the approval of the TSX Venture Exchange. The company has granted a total of 2,250,000 stock options, of which 2,050,000 options were granted to directors, an executive officer and employees of the Company, and 200,000 options were granted to consultants of the Company. The options are exercisable for a period of five years from the date of grant at an exercise price of CAD 0.20 per share. Annonce • Jun 21
Stelmine Canada Initiates A Large Exploration Program (Phase 1) At the Mercator Property Stelmine Canada announced the beginning of its largest exploration program to date on the 100%-owned Mercator property located in northeastern Quebec. The exploration program has already started and will be completed by mid-October. This first exploration phase has several objectives conductive to a second stage entirely devoted to drilling. In detail, Phase 1 of the program will include: A definition Induced Polarity (IP)/Resistivity survey on the 2.5 k x 500 m gold-bearing Meridian Zone to constrain the location of gold targets to drill. A complementary survey aimed at extending the areas of gold discoveries will be completed on the northern extension of the Meridian Zone (T-Rex Zone?) where an important fold is suspected to deform iron formations; Systematic/Detailed geological and structural mapping of the Meridian Zone to interpret the mineralized zones and characterize the nature of lithologies. Grab rock and channel sampling in the gold-prospective T-Rex Zone north of Meridian; Intensive exploration and grab rock/channel sampling of the 21 km-long southwestern extension of the Meridian Zone where preliminary prospecting identified gold and arsenic-bearing iron formations; Following a successful untill survey campaign (C-Horizon) that identified new gold targets outside the Meridian Zone, Company will carry out high-resolution soil surveys (100 x 200 m spacing) in the northern T-Rex Zone and southwestern extension of the Meridian Zone. Medium-resolution soil surveys (200 x 400 m spacing) on the northern and southwestern areas of the Mercator property will follow; A particular attention will be given to the identification the lithium potential of granitic pegmatites and granites while exploring the property. Annonce • May 12
Stelmine Canada Ltd. Provides Geological Update of the Meridian Orogenic Gold Zone At the Mercator Property Stelmine Canada provide a geological update on its 100% owned Mercator property located in northeastern Quebec. Stelmine completed a maiden diamond drilling campaign in 2022 totaling 1950 m in 13 holes collared on the gold-bearing Meridian Zone located at the core of the property. Mercator is a rare occurrence of an Archean orogenic type mineralization associated with granulite-facies and silicate iron formations. Iron Formations (IF) are highly sought-after targets for gold exploration because of their potential to host high-grade, large-tonnage deposits. From the initial INAA results obtained from drilling campaign, a subset of samples (<10%) was re-submitted by the Fire Assay analysis method. Channel Samples Highlights: 2.07 g/t Au over 27.50 (R21025), 2.27 g/t Au over 7.60 m, incl. 4.25 g/t Au over 3.00 m (R21033), 2.16 g/t Au over 7.60 m, incl. 3.64 g/t Au over 4.00 m (R21027), 2.13 g/t Au over 12.50 m, incl. 3.54 g/t Au over 6.00 m (R21034), 2.66 g/t Au over 11.50 m, incl. 5.10 g/t Au over 4.10 m (R21010) The property lies near the gold-prospective structural contact of the La Grande and Opinaca subprovinces extending 500 km in an EW direction km from the Eeyou Itschee James Bay Territory to the Caniapiscau district. There are several gold-bearing IF prospects situated along this highly prospective shear contact such as the Orfée, Pontois, Lac Guyer and Bourdon. These large-scale structural features provide fluid pathways for gold migration and deposition. Gold occurrences on the property are associated with pyrrhotite, pyrite, arsenopyrite-löllingite ± chalcopyrite sulphide mineralization. In Quebec, other gold-bearing granulitic IF interstratified with metasediments are currently found in the Lilois sector within the Ashuanipi subprovince. A northern view of the Meridian Zone shows three roughly parallel 1.4 km long, NE/SW oriented gold-mineral zones, exposed on a hill crest and valley floor, dipping shallowly to the NW and open in both directions. The IP survey section indicates most of the gold mineralization is spatially associated with high chargeability envelopes. A preliminary 3D model built in the IP section area also reveals two mineralized layers dipping NNW crossing high chargeability zones. A Northeastern oblique view of a portion of the Meridian Zone showing 3 sub-parallel gold-mineralized zones on a hill crest and in a valley floor with their possible extensions, b) IP Inverted section indicating most of the gold mineralization is spatially associated with high chargeability envelopes, c) A portion of the 3D model cut along the IP section. There are several examples of world class deposits in Archean IF within the Superior Province of Canada such as the 4 M oz. Au Meadowbank deposit, the Lake Amaruq mine (2.7 M oz. Au) both in the Medialine district of Nunavut and the northern Ontario Musselwhite deposit, with measured and indicated resources of 3.7Mt at 3.55 g/t Au. Stelmine continues to apply a combination of geophysics, geochemistry and drill targeting techniques to effectively explore the Meridian Zone and other orogenic gold occurrences on the Mercator property. Mineralizing structures have been identified and will be targeted with the planned 2023 diamond drilling program.?Further, structural analyses from detailed mapping will assist in understanding structural controls and guide exploration efforts on the property. The highly experienced team at Stelmine realizes that successful exploration requires a thorough understanding of the target areas, as well as careful planning and execution of exploration work programs. Continue following Stelmine for more news from their newly identified Archean aged orogenic gold system of the Meridian Zone and beyond. Annonce • Dec 22
Stelmine Canada Ltd. announced that it has received CAD 0.933254 million in funding Stelmine Canada Ltd. announced a non-brokered private placement of 3,110,845 flow through units at issue price of CAD 0.30 for gross proceeds of CAD 933,253.50 on December 21, 2022. Each flow-through unit consisted of one common share and one-half of a non-flow-through common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share at a price of CAD 0.26 per common share until December 20, 2024. Michael Gentile, an existing strategic investor of the company, acquired 469,670 flow-through units pursuant to the offering, representing approximately 9.9% of the issued and outstanding common shares of the company on a partially diluted basis assuming full exercise of his warrants. The company will pay a finder’s fee of CAD 1,750 in cash. Payment of the Finder’s Fee is subject to the acceptance of the TSX Venture Exchange. The securities issued pursuant to the Offering are subject to a statutory four month hold period ending on April 21, 2023. Annonce • Nov 25
Stelmine Canada Ltd., Annual General Meeting, Jan 27, 2023 Stelmine Canada Ltd., Annual General Meeting, Jan 27, 2023. Annonce • Oct 06
Stelmine Canada Ltd. Completes 13 Drill Holes on the Meridian Gold Zone in Mercator Stelmine Canada announced the completion of its maiden 2000 m diamond drilling campaign on its Mercator property (100% STH). The thirteen drillholes were completed in a 1.8 km x 400 m area covering several gold-bearing zones detected at the surface. The property is located in the Caniapiscau mining district, 160 km west of Fermont, northeastern Quebec. Logging of core material shows similar rock type and sulphide mineralization observed and sampled at the surface to a depth of 250 m. Mineralization consists of pyrrhotite, pyrite, löllingite/arsenopyrite within granulitic mafic rocks injected/interlayered with metasediments. Since 2020, the Meridian gold zone underwent extensive exploration involving high resolution heliborne magnetic and ground-based IP/Resistivity surveys accompanied by comprehensive channel sampling of mineralized zones. The drillholes location was largely based on the results of this work program yielding channel sample intervals assays such as 2.07 g/t Au over 27.50 m; 2.16 g/t Au over 16.0 m; and 2.13 g/t Au over 12.50 m. Annonce • Sep 16
Stelmine Identifies Visible Gold in Three Drillholes on Its Courcy Project Stelmine Canada announced the results of the 14 drill holes, 2,237 m maiden drilling program on Zones 1 and 4 on its 100%-owned Courcy property in northeastern Quebec, Caniapiscau mining district. Results from Zone 1 show the presence of visible gold (VG) in three holes, whereas STHCOU-001, 002 and 003 yielded intervals of 2.86 g/t Au over 10.0 m; 2.79 g/t Au over 4.5 m and 2.28 g/t Au over 2.20 m, respectively. The drilling campaign extended this shallow dipping and low depth zone by 300 m to the east. The drill logs and assay data indicate an association of gold with pyrite+pyrrhotite-rich garnet amphibolites and quartz veins associated with a major folded 21 km-long Couteau thrust fault. Assays from holes STHCOU-004, 006, 007 and 009 (ex: 2.11 g/t over 2.00 m;1.64 g/t Au over 1.7 m and 0.79 g/t Au over 7.5 m) indicate the continuation of the mineralization along the fault for 400 m to the south. The southern zone (Zone 4) was also targeted by two exploration drill holes which provided no significant gold values. However, the past exploration campaigns in Zone 4 emphasized the potential for gold mineralization based on high gold values associated with quartz veins and tightly folded structures at the contact of met sedimentary and metavolcanic rocks. Zone 4 will be reexamined to find new gold prospects. Courcy is a vast property covering over 85 km2. The maiden drilling program only investigated a small 1 km2 section in the eastern sector. Exploration campaigns carried out from 2017 to 2020 highlighted several other gold targets notably a 1 km-long structure along the Couteau fault, 7 km southwest of Zone 1, revealing strong geophysical anomalies and significant gold and arsenic values (Zone 3). At least six other targets were identified through an association of geophysical anomalies and till sampling results throughout the property. The Company intends to investigate these promising sites using specific high resolution geophysical techniques such as IP/Resistivity and drone MAG surveys. This will lead to a second phase of drilling. The technical information in this news release has been reviewed and approved by Michel Boily, PGeo, PhD. Mr. Boily is the qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards. Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Courcy property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged, and sealed in the field under the supervision of geologists in training. Sample bags were then put in rice pouches and kept securely in a field tent before being sent by floatplane to the city of Wabush. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from dependable transport companies. Gold was analyzed by fire assay (1A2_ICP_50 g) or the INAA+ICP_OES (1H) methods. Other trace elementconcentrations were obtained via the 1H method. Annonce • Aug 26
Stelmine Canada Ltd. Announces Ip/Resistivity Survey Increases the Gold-Prospective Zone on Mercator Stelmine Canada Ltd. announce the results of an IP/Resistivity Survey on its gold-mineralized Meridian Zone at its Mercator Property in northeast Quebec (Caniapiscau District) that increased the gold-prospective area, extending the zone to 3.6 km along a NE/SW strike with a 700 meters width at the southwestern end. The survey also reveals at least three distinct high gold-prospective layers branching from the NE probably representing different shallow-dipping (<40° NW) stacked bands of sulphide-rich iron formations The survey highlights several high chargeability and low resistivity zones coinciding in large part to positive MAG anomalies identified by the 2021 high resolution heliborne survey (50 meters line spacing). On the ground, the geophysical anomalies reflect the occurrence of gold-mineralized sulphide-rich (pyrrhotite-pyrite-lollengite/arsenopyrite±chalcopyrite) granulitic iron formations, migmatized metasediments and mafic metavolcanic rocks. Channel sampling of these lithologies generated significant gold intervals (eg: 2.07 g/t Au over 27.50 m; 2.16 g/t Au over 16.0 m; and 2.13 g/t Au over 12.50; see July 27, 2022 press release) and Stelmine interprets the survey data as the signature and continuation of these prospective rock assemblages to at least 100 meters in depth. The survey, conducted by TMC Geophysics of Val d’Or Quebec, covered 25 linear km with 200 meters spacing and helped establish the current drill hole location of Stelmine’s 2,000 meters maiden program. The technical contents of this release were prepared and approved by Michel Boily, PhD, geo, a Qualified Person (QP) as defined by National Instrument 43-101. Annonce • Aug 04
Stelmine Initiates Drilling at Mercator Stelmine Canada announced the start of phase 1 of its maiden heliborne drilling campaign on its 100%-owned Mercator project. The company expects to drill 2,000 m distributed along 100-180 m deep holes on the Meridian gold-bearing Zone extending 2.5 km X 500 m. The drill sites were established based on the recent gold discoveries, geology, 2022 IP survey (Induced Polarization) and the results of a heliborne MAG survey completed on the entire property (2021). Downing Drilling was contracted to run the drilling campaign. The start of the 2022 exploration program involved the completion of an IP survey on the Meridian Zone by TMC Geophysics on a network of twenty-two 200 m-spaced grid lines totaling 25 linear km. Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,277 claims or 655 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects. Annonce • Jul 28
Stelmine Canada Identifies New Meridian Gold Zone in Mercator Surface Channel Sampling Return: 2.07 G/T Au over 27.50 M, 2.16 G/T Au over 16.0 M, and 2.13 G/T Au over 12.50 M Stelmine Canada is pleased to divulgate gold assay results of channel and grab samples collected within the 100% owned Mercator property located in northeastern Quebec. At the core of the property, the Meridian Zone, yielded 22 channel sites carrying significant gold values such as 2.07 g/t Au over 27.5 m, 2.16 g/t Au over 16.0 m and 2.13 g/t Au over 12.5 m. Grab samples also include high gold concentrations such as 18.2 g/t,9.27 g/t, and 6.93 g/t Au. The Meridian Zone constitutes a 2.5 km x 500 m mineralized corridor set in a unique assemblage of highly metamorphosed igneous mafic rocks and iron formations 5 to 20 m thick, dipping 30°-40° to the NW. Sitting on a hill characterized by positive magnetic anomalies, it is bounded by low angle thrust faults. Since 2020, a total of 332 channel and 233 grabs samples were collected from the Meridian Zone and throughout the 389 km2 property. Annonce • Jun 11
Stelmine Canada Ltd. Initiates New Exploration Phase At Mercator Property Stelmine Canada announced the start of a new exploration phase at its Mercator Property in the heart of a potential new gold district in northern Quebec, west of Fermont. Mineralization is found on the crest, flank and foothill of a 100-metre high, 500-metre wide, NE/SW oriented 3 km elongated hill characterized by strong positive magnetic anomalies. Gold mineralization has been discovered along a minimum 2.5-km length inside 5 to 20 m thick layers/slabs of mafic rocks dipping 30° to 40° to the NW and bounded by important low angle thrust faults. Full sampling results from the 2021 campaign will be released shortly. The system at Mercator appears to continue for many kilometers past the Main Zone. Mercator 2022 Exploration Campaign: A 25 km IP survey will be performed on the Main Zone to complement the heliborne MAG survey and correlate sectors of high chargeability and magnetism; Detailed geological and structural mapping of the Main Zone will be carried out to better define the gold mineralized zones and understand the complex metamorphic and metallogenic framework; Mapping will coincide with additional rock, channel and till sampling in the Main Zone; Development of new potential zones outside the Main Zone: Crews will sample previously identified potential target areas outside the Main Zone; The field exploration campaign will be followed by a maiden 2,000-3,000-metre drill program already fully permitted by the Quebec government. Annonce • May 14
Stelmine Canada Ltd. Completes Phase 1 Drilling At Courcy Project Stelmine Canada announced that the Company has completed Phase 1 drilling at its 100%-owned Courcy Project where the target is near-surface gold mineralization in a vastly under-explored part of northern Quebec with district scale potential. Highlights: A total of 14 drill holes comprising 2,237 metres were completed in Phase 1; Twelve of the 14 holes tested Zone 1. Three of those holes intersected visible gold including STH21-COU12 collared 300 metres east of SOQUEM’s 2006 discovery hole that returned 42 m grading 4.2 g/t Au; Stelmine drilling has significantly extended the prospective gold system in Zone 1 to at least 300 metres along the Couteau Fault; Multiple additional gold zones are apparent at Courcy including Zone 4, 2 km to the south, where 2 drill holes were completed and intersected sulphide mineralization in an assemblage of fuchsite-bearing metasediments and garnet-rich amphibolites; Gold mineralization at Courcy is shallow dipping and associated with the 21-km-long fault zone discovered by Stelmine geologists following SOQUEM’s limited drill program more than a decade ago; Stelmine drilling has yet to delimit the Courcy system in any lateral direction while the depth potential has yet to be properly tested given the relative shallowness of the holes completed to date. Moving Forward: New exploration work is planned near-term for Courcy to assist with plans for Phase 2 follow-up drilling once all the drill core assay results have been received, reviewed and interpreted. Meanwhile, Stelmine geologists are preparing a comprehensive exploration program for the highly prospective Mercator Project (389 sq. km, 100%), approximately 100 km northwest of Courcy, where channel sampling outlined mineralization over an extensive area. This program will lead to initial drilling of this prospect. An update on Mercator will be provided in the near future. Annonce • Dec 10
Stelmine Canada Ltd. announced that it has received CAD 2.5 million in funding On December 9, 2021, Stelmine Canada Ltd. closed the transaction. The company has received CAD 2,500,000 in the transaction. The company has issued flow-through units in the transaction. The company has received its second and final tranche. The company has received CAD 2,465,000 in the tranche. The transaction includes participation from individual investor, Michael Gentile who has acquired 5,785,500 units. Annonce • Aug 22
Stelmine Canada Ltd. Expands Mercator Discovery Stelmine Canada Ltd. announced that an ongoing field program ahead of first-ever drilling at its 100%-owned Mercator Project in northern Quebec supports the preliminary analysis from a recently completed geophysics survey of a potentially large-scale orogenic gold system. Additional sampling has extended the length of the Main Zone to 2.5 km from 1.9 km. A shallow dipping mineralized slab along a ridge within this area now extends 500 meters in width, from the previously reported 400 meters, and includes pyrrhotite, pyrite, arsenopyrite and chalcopyrite; Geologists are honing in on a potentially significant new discovery area starting 16 km southwest of the Main Zone with similarities to the northeast-southwest trending lithological assemblage observed in the Main Zone. Overburden stripping and channel sampling of this area to the southwest is now planned after grab samples collected over three km showed strong sulphide enrichment; Extensive surface sampling this summer has been carried out over a 21-km distance with 243 samples collected to date including more than half outside the Main Zone, though multiple areas with favorable structure still need to be investigated as part of the follow-up to the highly encouraging geophysical survey; Notably, arsenopyrite is increasingly being identified in surface samples. This pathfinder mineral is often associated with gold in this type of geological environment where meta-sediments and amphibolites have been mapped along abundant faulted and folded iron formations. Stelmine initially staked Mercator in 2017. Earlier this year, based on data from last summer's program, Stelmine expanded its Mercator land package five-fold from 65 km2 to 389 km2 through additional staking. Mercator is approximately 100 km northwest of the Company's Courcy Project where drilling will soon follow up on the last drill hole, completed by SOQUEM in 2006, that returned a 42-meter core interval grading 4.2 g/t Au including 1.5 m of 105 g/t Au. Annonce • Aug 13
Stelmine Canada Ltd. announced that it expects to receive CAD 3.25 million in funding Stelmine Canada Ltd. announced a non-brokered hard dollar private placement of up to 13,000,000 units at a price of CAD 0.25 per share for gross proceeds of CAD 3,250,000 on August 12, 2021. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.35 per share for a period of 36 months from issuance. In the event that the closing price of the company’s shares on the TSX Venture Exchange is CAD 0.50 or greater during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, all warrants under this offering will expire on the 30th day after the date on which the company provides notice of such accelerated expiry to the holders of the warrants. The transaction is subject to to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The securities issued will be subject to hold period of four months. The company will pay finder's fee with respect to the transaction. Annonce • Aug 05
Stelmine Canada Ltd. Discovers Large Mineralized Trend at Mercator Stelmine Canada Ltd. announced the discovery of a potentially large gold system at its Mercator Property spanning 389 sq. km in Quebec’s newest gold district (Caniapiscau) east of James Bay and the Eleonore mine. The Phase 1 summer 2021 exploration program, now in progress, includes geophysics and extensive sampling in preparation for potential maiden drilling during this second half of 2021. Mercator is one of several district-scale claim blocks comprising 815 sq. km, owned 100% by the Company, in the under-explored Opinaca metasedimentary basin including the Courcy Property (100 km east of Mercator) where the last drill hole (completed by SOQUEM in 2006) returned a 42-meter core interval of shallow mineralization grading 4.2 g/t, including 1 meter at 101 g/t Au. Follow-up drilling at Courcy is also planned for the second half of the year. Mercator Highlights: Never previously systematically explored, Mercator displays characteristics of a large-scale gold system with mineralization discovered in sediments and gabbros at surface along a 1.9 km trend of faulted and folded iron formations, open for significant expansion to the northeast and southwest; This minimum 1.9 km trend features a prominent gossan on the slopes of a hill where a 400-metre wide shallow dipping mineralized zone occurs within a magnetic high; Gold assays obtained to date reach up to 9.27 g/t Au with more than 12% of the 199 collected rock samples last year returning gold values = 1 g/t, including a 9.4 m channel yielding 2.11 g/t Au; Hydrothermal fluid flow may have originated from an interpreted major thrust fault in the area; and Preliminary analysis of a just-completed high resolution geophysics survey reveals a succession of magnetic highs extending NE/SW for 21 km, creating an impressive structural corridor considered highly favorable for hosting new discoveries. Annonce • Jun 12
Stelmine Canada Ltd. announced that it has received CAD 0.7 million in funding On June 11, 2021, Stelmine Canada Ltd. (TSXV:STH) closed the transaction. The transaction included participation from three insiders for proceeds of CAD 16,750. The company paid CAD 23,244 as finder's fee in the transaction. Annonce • Jun 08
Stelmine Canada Ltd. announced that it expects to receive CAD 0.7 million in funding Stelmine Canada Ltd. (TSXV:STH) announced a non-brokered private placement of 5,384,615 units at a price of CAD 0.13 per share for gross proceeds of CAD 700,000 on June 7, 2021. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.20 per share for a period of 36 months from issuance. The transaction is subject to certain conditions including the receipt of all necessary regulatory and stock exchange approvals, including the approval of TSX Venture Exchange. The securities issued will be subject to hold period of four months. The company may pay finder's fee with respect to the transaction. Annonce • Jun 05
Stelmine Canada Ltd. announced that it has received CAD 0.7 million in funding On June 4, 2021, Stelmine Canada Ltd. (TSXV:STH) closed the transaction. The company will pay a finder's fee of $2,000 in the transaction. Annonce • Jun 02
Stelmine Canada Ltd. announced that it expects to receive CAD 0.7 million in funding Stelmine Canada Ltd. (TSXV:STH) announced a non-brokered private placement of up to 7,777,778 units at a price of CAD 0.09 per unit for gross proceeds of up to CAD 700,000 on June 1, 2021. Each unit will comprise one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at CAD 0.11 for a period of 36 months from issuance. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The securities issued pursuant to the transaction will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws. Finders’ fees may be paid in connection with the private placement. Executive Departure • Apr 01
Independent Director has left the company On the 30th of March, Ann Levasseur's tenure as Independent Director ended after 2.2 years in the role. As of December 2020, Ann personally held only 96.00k shares (CA$8.6k worth at the time). A total of 4 executives have left over the last 12 months. Annonce • Mar 19
GoldSpot Discoveries Identifies New Gold Targets at the Courcy Project Using Artificial Intelligence for Stelmine Canada Ltd GoldSpot Discoveries Corp. announced that it has identified several gold targets at Stelmine Canada Ltd.'s (TSXV: STH.V) ("Stelmine") Courcy project in Quebec. GoldSpot was mandated by Stelmine to conduct a targeting study at its project located in the eastern Opinaca basin, 100 km west of Fermont, QuebecLabrador. GoldSpot identified 28 drill ready targets, each classified by priority, using its proprietary expertise following favourable geological modelling and gold prediction results. GoldSpot's Smart targeting approach used Artificial Intelligence combined with traditional geological expertise to update the geological and metallogenic understanding of the project and eventually identify potential targets. Six (6) highpriority targets were identified for drilling exploration. Twentytwo (22) moderate priority targets were determined and require field investigation prior to drilling. Analytical workflow consisted of the processing diverse geoscience datasets, including aeromagneticelectromagnetic data, ground and drill hole geological data, rock, soil and till multielement assays. The data integration having homogeneous coverage into a Machine Learning datacube led to a robust supervisedAI model that generated targets with a high prediction score for gold. A final postprocessing ranking of the targets based on the spatial geoscience knowledge was applied to reveal favourable underexplored areas. Annonce • Mar 18
Stelmine Prepares A 3000 M Exploration Drilling Program At Courcy in the Caniapiscau Mining District Stelmine announced a 3000 m drilling campaign at its Courcy Project in the Caniapiscau Mining District in northeastern Qubec. The drilling program is to be completed during the summer of 2021. High-priority drill holes will mainly investigate gold mineralization along the 21 km Couteau thrust fault, where historical drilling yielded gold values of 4.27 g/t Au on 42 m (including 12.15 g/t Au on 13.5 m) and 1.05 g/t Au on 9 m. Following extensive standard field exploration results and AI (Artificial Intelligence) powered algorithm interpretation, twenty shallow drill holes will investigate fourteen priority zones. Most proposed drill targets are related to major gold-bearing structures associated with magnetic and conductive iron formations or contacts between distinct lithological assemblages. Each zone represents a well-known or highly prospective gold site. Annonce • Feb 03
Stelmine Canada Ltd. Announces Board Changes Stelmine Canada announced Mrs. Julie Lemieux, as a member of its Board of Directors. Mrs. Lemieux will play an active role in the growth of the Company through her support as a strategic advisor, and by bringing her network of contacts established at the international level. Mrs. Lemieux brings 25 years in strategic management and business development. Mrs. Lemieux possesses extensive experience in building strategic partnerships. She has worked successfully with First Nations and Métis groups in forging important relationships for all stakeholders. Mrs. Lemieux currently serves on several boards of direction, notably on Durango Resources. More recently, she worked as a principal consultant for Planifika Inc. Furthermore, Mrs. Lemieux worked several years for the Ministère de l’Énergie et des Ressources naturelles du Québec as a GIS project manager. At the same time, the Company announced the departure of Mr. Christian Guilbaud from the board of directors. He will oversee the Corporate Development of the Company. Annonce • Jan 02
Stelmine Canada Ltd., Annual General Meeting, Mar 30, 2021 Stelmine Canada Ltd., Annual General Meeting, Mar 30, 2021. Annonce • Dec 23
Stelmine Canada Ltd. announced that it has received CAD 0.60005 million in funding from Palisades Goldcorp Ltd., and other investors Stelmine Canada Ltd. (TSXV:STH) announced a non-brokered private placement of 8,572,142 units at a price of CAD 0.07 per unit for proceeds of CAD 600,049.94 on December 21, 2020. The transaction was led by Palisades Goldcorp Ltd. Each unit consists of one common share and one warrant. Each whole warrant will be exercisable into one common share at CAD 0.12 per common share for 36 months from the date of closing. All securities issued in connection with this placement are subject to a hold period of four months and one day. The transaction is subject to the approval of the TSX Venture Exchange. Annonce • Dec 16
Stelmine Canada Ltd. Announces Board Changes Stelmine Canada Ltd. announced the appointment of Mrs. Jacinthe Baril, to its Board of Directors. Mrs. Baril has solid experience with major Canadian banks. As a commercial banker for over 25 years, Jacinthe Baril has a solid understanding of the standards and practices in commercial, industrial and mortgage financing. She has held several management positions with Laurentian, National and Desjardins Banks as well as with Investissement Québec (2007-2011) as Portfolio Manager and Business Development for Laval and Basses Laurentides. The Company reports Mrs. Carole Gilbert leaves her position as a member of the Board of Directors. Annonce • Dec 15
Stelmine Canada Ltd. Announces Appointment of Mrs. Jacinthe Baril to Its Board of Directors Stelmine Canada Ltd. announced the appointment of Mrs. Jacinthe Baril, to its Board of Directors. Mrs. Baril has solid experience with major Canadian banks. As a commercial banker for over 25 years, Jacinthe Baril has a solid understanding of the standards and practices in commercial, industrial and mortgage financing. She has held several management positions with Laurentian, National and Desjardins Banks as well as with Investissement Québec (2007-2011) as Portfolio Manager and Business Development for Laval and Basses Laurentides. The Company reported Mrs. Carole Gilbert leaves her position as a member of the Board of Directors. The Management wants to express his gratitude to Mrs. Gilbert for her involvement.