STLLR Gold Announces Assay Results from Infill Drilling Program at Windjammer South Deposit in Tower Gold Project

Author:

STLLR Gold Inc. has released the remaining assay results from its infill and confirmatory drilling program at the Windjammer South Deposit, located at the Tower Gold Project in Timmins, Ontario, Canada. The results confirm the continuity of mineralization in the Tower MRE block model.

Some of the drilling highlights include Hole MGH23-468, which intersected 1.63 g/t Au over 102.00 m, Hole MGH23-460 with 0.93 g/t Au over 74.65 m, and Hole MGH23-478 with 0.69 g/t Au over 115.00 m.

A total of 129,737 m of the 140,000 m infill drill program has been completed and released so far. The company plans to use the increased drill density to upgrade the areas drilled to a higher resource category and further refine the geological models.

In addition to the assay results, STLLR Gold has also announced the appointment of James Gagne as Vice President, Projects & Technical Services. Gagne brings 15 years of experience in mine operations, engineering, and consulting to his new role.

The Windjammer South Deposit is located in the Golden Highway Area of the Tower Gold Project and is associated with quartz veining within Timiskaming age meta-sediments. The drilling program at Windjammer South focused on confirming and infilling the Tower Gold Project Mineral Resource Estimate.

Overall, the assay results and the appointment of James Gagne provide additional confidence in the Tower MRE block model and will contribute to the advancement of the Tower Gold and Colomac Gold Projects.

STLLR Gold Inc. operates in the mining industry, specifically in gold exploration and production. The company’s main focus is on the Tower Gold Project, located in Timmins, Ontario, Canada. The Tower Gold Project is part of the Golden Highway Area, known for its rich mineral deposits.

The recent assay results from STLLR Gold’s infill and confirmatory drilling program at the Windjammer South Deposit have provided positive indications of mineralization. The drilling highlights, such as Hole MGH23-468 intersecting 1.63 g/t Au over 102.00 m, demonstrate the potential for gold extraction in the area.

With a significant portion of the infill drill program completed and released, STLLR Gold aims to use the increased drill density to upgrade the areas drilled to a higher resource category. This will enhance the overall resource estimation and have a positive impact on the economic viability of the Tower Gold Project.

In addition to the assay results, the appointment of James Gagne as Vice President, Projects & Technical Services brings valuable expertise to the company. Gagne’s 15 years of experience in mine operations, engineering, and consulting will be instrumental in advancing the Tower Gold and Colomac Gold Projects.

The Tower Gold Project’s Windjammer South Deposit is associated with quartz veining within Timiskaming age meta-sediments. This geological feature provides a favorable environment for gold mineralization. The drilling program focused on confirming and infilling the Tower Gold Project Mineral Resource Estimate, which contributes to the geological models and enhances the understanding of the deposit’s potential.

Market forecasts for the gold industry indicate a positive outlook. The demand for gold continues to be driven by various factors such as economic uncertainties, geopolitical tensions, and a hedge against inflation. The global pandemic has also contributed to the increased demand for gold as a safe haven asset. These factors suggest a favorable market for STLLR Gold’s exploration and production operations.

However, the gold mining industry also faces challenges and issues. Environmental concerns, regulatory compliance, and community relations are significant considerations in mining operations. STLLR Gold needs to ensure responsible mining practices, environmental stewardship, and establish positive relationships with local communities to mitigate the potential negative impacts of its activities.

For more information on the Tower Gold Project and STLLR Gold Inc., you can visit their official website at stllrgold.com.