공시 • May 06
Sterling Metals Corp Provides Update on Soo Copper Project Drill Program and Exploration Results
Sterling Metals Corp. provided a corporate update on activities at its Soo Copper Project located off the Trans Canada highway, one hour north of Sault Ste Marie, near Batchewana Bay, Ontario. The Company is actively advancing a minimum 20,000 metre drill program, alongside expanded targeting initiatives and operational enhancements, with initial assay results expected in May 2026. The 2026 drill program is progressing well, with approximately 6,200 metres completed across 9 holes. The primary focus of the first half of this drill program has been to expand the boundaries and provide more definition of the 500m x 400m x 300m MEPS Discovery zone both laterally and at depth. Drilling to date this winter has increased the size and better defined the shape of the MEPS deposit with additional on-going drilling expected to further increase the size and continuity of this mineralized body. Important early results of this winter program to date have been the confirmation that the MEPS discovery zone is controlled by a combination of a felsic dyke-sill complex and intersecting key feeder structures, and that a Cu-Mo mineralized multiphase porphyry stock underlies the MEPS Discovery area. Preparations are underway for expanded fieldwork, including mapping and prospecting at the 6km2 Gimlet target, located over 2km southwest of the MEPS Discovery. The area hosts strong surface copper geochemistry, including widespread bornite, underlain by an extensive, strong resistivity low. Upcoming work will support drill targeting for the summer program, alongside additional geochemical sampling across the broader 8km copper corridor, including extensions toward the past-producing Tribag mine, located 10km to the Northeast of the MEPS discovery. The Company is also planning a property-wide geophysical program, combining resistivity and gravity surveys with existing datasets, to better identify prospective porphyry centres and prioritize future drill targets. Drilling continues to advance efficiently under a year-round program, with approximately 6,200 metres completed to date. Current drilling is focused on expanding the mineralization footprint of the MEPS Discovery zone, while also targeting structural pathways that may link this shallow zone of copper mineralization to a larger porphyry-hosted copper deposit at depth. Important early results of this winter program to date have been the confirmation that the MEPS Discovery zone is controlled by a combination of a felsic dyke-sill complex and intersecting key feeder structures, and that a Cu-Mo mineralized multiphase porphyry stock underlies the MEPS Discovery area. Recent drilling intercepted a multiphase porphyry stock beneath the westernmost part of the MEPS target area, predominantly composed of a granite porphyry hosting broadly disseminated and locally veined copper mineralization, including chalcopyrite and locally bornite, with geological features consistent with the granite porphyry stock intercepted approximately 1.5km to the east. An additional porphyry phase that appears to host more sulphides as very finely disseminated chalcopyrite-molybdenite-pyrite along with quartz-pyrite-chalcopyrite-molybdenite veins associated with local zones of potassic alteration, is also present and may represent an earlier, better mineralized intrusive phase of the stock. Other intrusive phases, including felsic dykes seen above within the MEPS Discovery zone, were also intercepted, all hosting variable amounts of disseminated and veined sulphides. These early drill results confirm the presence of a large mineralized multiphase porphyry stock that will require additional drilling to vector towards a zone of more concentrated copper mineralization that may also represent a connection with the shallow high-grade copper mineralization above at the MEPS Discovery. Given the seasonally poor ground conditions, drilling is currently being conducted from established pads within the boundary of the MEPS Discovery and is drilling multiple orientations from each of these pads. This approach continues to provide effective coverage while maintaining operational efficiency. At the conclusion of the winter melt, the Company will then move the drill rig to new pads along strike from MEPS to continue to determine the extent of the mineralized footprint and to locate and follow the more mineralized parts of the system. With ground conditions beginning to improve, Sterling is preparing for an expanded mapping and prospecting program at the Gimlet target, one of the most prospective areas identified to date. Historical and recent work has identified 93 copper outcrops, including 38 occurrences of bornite, along a mineralized trend now extending approximately 8km. The system remains open to the southwest, where additional exploration is planned ahead of the summer drill program.