Rousseau and Turgeon Lake Gold Properties

On August 10, 2020, Starr Peak Mining expanded its NewMétal property by acquiring 100% interest into Globex Mining Enterprises projects known as the Normetal/Normetmar gold, copper, zinc and silver property, the Rousseau gold property and the Turgeon Lake gold property.

The newly expanded land position in the center of Newmétal includes 10 claims covering 391.53 hectares, growing the property to a total of 74 mineral claims covering 2,279.53 hectares and now including the past-producing Normétal Mine, from which ~10.1M tonnes of 2.15% Cu, 5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag and the Normetmar showing, historic resource of 306,000 t grading 11% Zn was reported by Kerr Addison of which 48,200 t have been mined in 1990. Several gold intersections are reported including 2.19 g/t Au and 236 g/t Ag over 2.56 m including 3.47 g/t Au and 366 g/t Ag over 1.55 m (Source:  Globex drilling 2007-2008, hole GN07-09).The newly acquired claims solidifies the land position of NewMétal property and add two additional gold prospective claim bloc eastward.

The Rousseau gold Property consists in a bloc of 12 claims covering 470.17 hectares and the Rollmac gold zone of 31,298 tonnes grading 11.99 g/t Au (historical non-compliant NI43-101, Northern Miner, July 13, 1992).  Rollmac gold zone is described by historical work as a multiples gold bearing quartz veins system hosted in the Val-St-Gilles granodiorite. Historical work was focused on two principal veins, the Main Vein and the Mercier Vein, located 183 metres northeast of the main vein. Historical works and diamond drill hole made in 2008 confirm the present of several other gold bearing quartz vein without follow-up.

The Turgeon Lake gold Property, east of the Rousseau gold property consist of 2 claims covering 112.91 hectares. Grab samples at the water line are reported to have assayed up to 168.3 g/t Au, 30.2 g/t Au and 23.7 g/t Au (GM 52490). Drill hole LT-96-02 assayed 18.7 g/t Au over 3.09 m, including 68.9 g/t Au and 10.48 g/t Ag over 0.4 m (GM 54287).

Figure 1: Geological Map of the NewMétal property with the new acquired claims blocs with respect to Amex Exploration’s Perron Project.

Figure 2: Regional Geology of the Abitibi Greenstone Belt and localisation of Starr Peak's NewMétal Property.

The NewMétal Property is located in the Abitibi Greenstone Belt of Quebec, along the Chicobi Deformation Zone. The Property is directly adjacent to Amex Exploration Inc.’s Perron property, from which recently announced drill results include 44.22 g/t Au over 9.10 metres and 30.98 g/t Au over 8.50 metres.

The NewMétal Property is cross-cut by the Normetal Fault Horizon associated with gold and base metal mineralization along strike. The property is also located in the eastern extension of the Perron fault known to be a prolific gold bearing structure. Geology underlaying the Property consists of favourable rhyolite and mafic volcanic rocks, as well as diabase dikes and granitic intrusions. Two known mineral showings occur on the Property. The Rang I-Lots 44-57 showing was identified in diamond drilling in 1966, with samples reaching up to 0.02% Cu and 2.38% Zn over 0.15 metres in historical drillhole Sondage 1-66, and up to 1.02 g/t Au occurring over unknown widths in drillhole Sondage 93-05. The Perron-Desmeloizes-Nord showing is a surface showing identified in 1952 with select samples reaching up to 14.5 g/t Au.

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