May 14, 2021
Sterling Metals Corp. (TSXV:SAG, Not Rated, Taylor Combaluzier) reported the results of a property-wide data review, compilation and target generation program carried out in conjunction with GoldSpot Discoveries Corp. (TSXV:SPOT, Not Rated) at its 100%-owned Sail Pond project. Sail Pond is a structurally controlled Ag-Cu-Pb-Zn vein system hosted in a pervasively altered dolostone unit. Data used in the GoldSpot investigation included: geophysics; geological, structural and mineralization data; and geochemical data. The company plans to launch a ~7,500m maiden drill program in June to test the 33 drill targets that were identified, with 18 being the highest priority Ag and base metal targets. Sterling believes there’s potential to expand the program to ~10,000m based on the success of the initial drilling. Drilling is planned to commence at the South Zone, where previous exploration has returned extremely high-grade mineralization in grab samples (i.e. up to 4,526.1 g/t Ag, 0.9 g/t Au, 14.9 % Cu, 7.5 % Pb, 5.0 % Sb, and 9.6 % Zn). The company also recently completed a gravity survey over the South Zone where it was shown that both high values for metals-in-soil and grab samples coincide with gravity highs. According to the company, gravity highs show an excellent correlation with surface mineralization and may reflect an accumulation of high-density minerals at depth, such as galena which is related to Ag mineralization. In our view, with several high-priority targets now identified, the company is primed to potentially make a discovery with its upcoming drill program at Sail Pond. Initial drilling at the South Zone, with its very high-grade grab samples and overlapping geophysical anomalies, could provide an early indication of the potential of the project. Read more