STARR PEAK EXPANDS LAND POSITION NEAR NEWMÉTAL PROJECT WITH ACQUISITION OF COPPER CLIVE PROPERTY
STARR PEAK EXPANDS LAND POSITION NEAR NEWMÉTAL PROJECT WITH ACQUISITION OF COPPER CLIVE PROPERTY |
| [15-May-2025] |
VANCOUVER, BC, May 15, 2025 /CNW/ - 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 Québec, around 10 kilometers north of the Company's 100% owned past-producing Normétal 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 (See figure 1). Newly Acquire Property Highlights:
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 Québec. To acquire 100% interest in the claims the Company paid a purchase price of $40,000.00 to the vendor. Qualified Person Alexis Paulin Bissonnette, Ing. (OIQ 5037621), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results. References and disclosures MRD299, Geological Mapping and Compilation of the Burntbush–Normétal Volcanic Belt, Abitibi Greenstone Belt, Ontario–Quebec, Ontario Geological Survey, Barrett, T.J., Ayer, J.A., Ordóñez-Calderón, J.C., Hamilton, M.A., 2013 Normétal historical Mine and Normetmar: 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. A qualified person has not reviewed the historical estimates and has not done sufficient work to classify the historical estimates as current mineral resources and Starr Peak is not treating the historical estimates as current mineral resources under National Instrument 43-101 and CIM Standards for mineral resources and reserves. Further exploration work needs to be done to correctly evaluate these historical resources. Additionally, the methodology of calculation is unknown by the qualified person. 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. On Behalf of the Board of Directors of Starr Peak Mining Ltd., "Johnathan More" Johnathan More 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. https://www.starrpeakminingltd.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. 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. The TSXV has neither reviewed nor approved the contents of this press release.
SOURCE Starr Peak Mining Ltd. | ||
Company Codes: OTC-BB:STRPF, OTC-PINK:STRPF, OTC-QX:STRPF, TorontoVE:STE |
