Stelmine Canada Ltd.

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Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological c...

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Stelmine Canada Ltd.

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Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine......

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8020Admin posted a press release Stelmine initiates the first stage of its 2019 drilling campaign in STELMINE CANADA LTD.


QUEBEC CITY, July 16, 2019 (GLOBE NEWSWIRE) -- Stelmine (STH-TSXV) is pleased to announce, as of July 14, the first stage of its drilling campaign program on its Courcy flagship gold property located in the Superior Province near the Quebec-Labrador border.


In order to ensure the positioning of the drill collars on the most promising targets, a team of geologists will carry out additional exploration work. While confirming the selected drilling targets on the main zone, the work should enable the definition of new targets. The operation involves overburden stripping followed by detailed mapping and channel sampling of the extensions of the principal gold-mineralized antiform structure characterized by the folded Couteau fault.


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $4.2 million.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


For more information :

















Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

info@stelmine.com 
514-813-7862
Stelmine.com   


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8020Admin

1 month

8020Admin posted a press release Stelmine is making plans to drill on the Courcy property in STELMINE CANADA LTD.


QUEBEC CITY, June 05, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada (STH-TSXV) is making plans to drill at its Courcy flagship project. Indeed, during the last two years the Company has completed meticulous exploration work with results allowing the initiation of a drilling campaign at shallow depth.


Courcy is a relatively recent project undertaken just two years ago by Stelmine. However, the property was investigated for five years between 2002 and 2006 which permitted a compilation of significant data including that of a SOQUEM drillhole yielding a value of 4.26 g/t Au over 42 m. The systematic approach applied to the exploration work completed by Stelmine for the last two years enables the selection of primary targets for drilling. Most proposed collars are targeting the Couteau fault and the deformed volcanic assemblages/iron formations nearby.


Our work involved high-technology exploration methods used and accepted by major companies, such as:



  • A reinterpretation of numerical geophysical data (VTEM, TDEM, Max-Min, ground-based magnetometry), obtained from historical work, allowed the creation of 3D inversion models of the stratigraphy and structure of the eastern part of the property. The models were designed using the ArcGis and Leapfrog software.



  • Historical and current database including results from earlier drillholes and from geochemical and geological information were combined to redefine the stratigraphy and structure of the property. Thus, we identified the Courcy fault, a major thrust extending for 21 km, as the principal carrier of the gold mineralization (see November 29, 2018 press release).



  • Various surveys were accompanied by thin section examinations under the microscope and major and trace elements chemical analyses of rocks to better understand the composition of the altered, deformed and metamorphosed assemblages.



  • Overburden stripping carried out by Stelmine over the mineralized zones totaled more than 3,000 m2. They allowed the completion of 844 linear m of channel sampling yielding 837 samples all analyzed for gold.


Isabelle Proulx, CEO and President of Stelmine comments: “During the last two years, we have demonstrated the gold potential of the Courcy property. The Company has made great leaps in the understanding of the mechanism of gold emplacement. We have established a new geological model (based on historical data; but also on the overall knowledge of the geology of the James Bay Territory). This model sparked strong interest among experts and thus confirmed that Stelmine was ready to drill the property”.


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $4.3 million.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


For more information :

















Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

info@stelmine.com 
514-813-7862
Stelmine.com  


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Media Relations posted an update This evening in St George de Beauce, Isabelle Proulx, President and Chief Executive Officer of Stelmine Canada in STELMINE CANADA LTD.

This evening in St George de Beauce, Isabelle Proulx, President and Chief Executive Officer of Stelmine Canada, presents the company's latest developments. STH. TSXV) 


!

Media Relations posted an update Ms. Isabelle Proulx, President and CEO of Stelmine Canada presenting today in Quebec City in STELMINE CANADA LTD.

This afternoon in Quebec City, Ms. Isabelle Proulx, President and CEO of Stelmine Canada presents the latest development of the gold Explorer Quebecois (STH. TSXV).



 

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8020Admin

3 months

8020Admin posted a press release Stelmine unearths two new gold mineralized zones on the Courcy property in STELMINE CANADA LTD.

QUEBEC CITY, April 30, 2019 (GLOBE NEWSWIRE) -- Stelmine (STH-TSXV). Stelmine reports the discovery of two new gold-bearing zones (Courcy 4.0 and 4.1) near the major 21-km long Couteau fault. Last channel sampling, carried out by the Company, lead to the exposure of mineralized outcrops located over 7 km southwest (SW) of the main Courcy 2.4 zone (Figure 1 : https://stelmine.com/en/projects/courcy-properties/ ). Gold values of 1.15 g/t over 2.0 m (Courcy 4.0) and 1.05 over 3.0 m (Courcy 4.1) were detected in highly deformed, finely-bedded pyrrhotite and garnet-rich amphibolites/silicate-facies iron formations situated 550 m north of the Couteau fault (Figure 2).


More than 109 rock samples were collected from outcrops exposed within the SW zone, including 80 channel samples adding-up to 79.5 m in length.


This discovery confirms the gold-potential of the Upper Soulard Formation and the Couteau fault; prompting Stelmine to continue its exploration work on these new outcrops as early as next summer. Future work will reach closer to the Couteau fault defined by positive mag anomalies and high conductivity.


Isabelle Proulx, CEO of Stelmine states: “These new results consolidate our confidence in the gold potential of the Courcy property. The discovery of the new gold zones suggests the occurrence of mineralized horizons extending to the Courcy 2.4 site.”


Geology of the Courcy property


At the center of the property, the Couteau fault separates the Soulard Formation into two volcanic units at the level of an assemblage of sulfurized, garnet-rich silicate facies iron formations and iron-rich amphibolites. The best gold results came from pyrrhotite-rich amphibolite and iron formation samples within and at the margin of this major fault.


The geology of the Courcy property comprises a large, strongly-deformed (meta-) sedimentary basin located in the eastern and northern areas of the property. The basin is composed of grauwackes, mudstones., quartz arenites, quartzites and monogenic/polygenic conglomerates together with amphibolites. The Courcy Formation is mainly characterized by a metavolcanic gneissic assemblage of metandesites, tuffs and migmatitic paragneiss crosscut by dioritic and tonalitic sills. South of the property, a series of tonalitic, granodioritic and monzogranitic rocks forming the Atticoupi Suite is in contact with the metasedimentary and metavolcanics assemblages.


Figure 1. geological map of the Courcy property showing the localization of the Courcy 4.0 and 4.1 gold mineralized zones. https://stelmine.com/en/stelmine-unearths-two-new-gold-mineralized-zones-on-the-courcy-property/


Figure 2a, b. Garnet and amphibole-rich magnetic amphibolites/finely-bedded iron formations, with occasional métatexites, containing pyrrhotite (5-10%) and arsenopyrite (?). Courcy 4.2 auriferous zones. https://stelmine.com/en/stelmine-unearths-two-new-gold-mineralized-zones-on-the-courcy-property/


QA/QC Protocol


Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Courcy property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration (OREAS-210) and low concentration (OREAS-252) certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely in a field tent before being sent by floatplane to the city of Wabush. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from reliable transport companies. Gold was analyzed by fire assay method (Au-FA_ICP).


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine


Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $3.6 million.


Forward-looking statements


The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


For more information :
















Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

 

info@stelmine.com  
514-813-7862
Stelmine.com 

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8020Admin

3 months

8020Admin posted a press release Encouraging results in the new sector of the eastern Opinaca basin in STELMINE CANADA LTD.

QUEBEC CITY, April 08, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada (« Stelmine ») (STH-TSXV) reveals the results of its exploration campaign completed on the Joubert property in which channel samples provided values of 0.83 g/t Au on 1.5 m and 1.10 g/t Au on 0.25 m (Figure 1  https://stelmine.com/en/projects/joubert-properties/ ). These new gold values support the recent discoveries obtained on the Trieste and Mercator properties in the eastern sector of the Opinaca metasedimentary basin. The Society, being at the avant-garde of the exploration of this largely unknown region, now holds a strategic advantage thanks to judicious acquisitions of key properties. In view of Stelmine discoveries, several mining companies now carry exploration around our claims, notably Osisko James Bay, Midlands Exploration (Isengard property), SOQUEM (Lake Harbour property) and Azimut Exploration (Galinée and Damas properties). These companies have reported promising results.


The analyzed lithologies consist of altered quartz-rich migmatized biotite/hornblende paragneiss containing pyrrhotite and arsenopyrite. Anomalous arsenic concentrations are reported (As between 679 and 2580 ppm). The showings are located 5 to 20 m from the Virginia Mines (2007) outcrops returning values of 4.69 g/t and 0.48 g/t Au obtained from deformed and dismembered quartz veins within pyrite-pyrrhotite-bearing gneiss/migmatites. Gold mineralization was discovered in 2017 by Stelmine in the northeast part of the property on a rusty outcrop exposing siltstones/tuffs layers at the contact with metabasaltic rocks. The mineralization is constituted of pyrrhotite, pyrite and chalcopyrite locally massive or injected in fractures. The rock is sometimes silicified, magnetic and contains graphite accompanied by quartz veins. Grab samples provided values of 2.48 g/t Au, 0.16 % Zn, 1440 and 2760 ppm As (Figure 1). The siltstones/tuffs in contact with metabasalts and a websterite intrusive continue westward and veer south then east. This contact constitutes a potential gold target thanks to the occurrence of disseminated to massive sulphide zones showing anomalous Au (0.10 and 0.13 g/t) and Zn (0.1 %) contents.


Isabelle Proulx, President and CEO of Stelmine affirms: “The Joubert property displays a diverse mineral potential presenting significant gold values associated with migmatized sedimentary and volcanic rocks. This bodes well for the future and Stelmine plans to carry out a more detailed exploration program principally aimed at the siltstones/tuffs and metabasalts contact. Our work adheres to a global perspective aiming at developing a new mining camp in the eastern sector of the Opinaca and La Grande sub-provinces. Stelmine is currently one step ahead of other mining companies due to its careful acquisition of high gold potential properties.”


The Joubert property consists of 182 claims, 100% owned by Stelmine and totaling 94 km2 (Figure 1). It is located 55 km NE of the Renard diamond mine accessible by route 167. The property is situated within the La Grande sub-province near the contact with the Opinaca metasedimentary sub-province. Work conducted in 2018 allowed the identification of metasedimentary rocks composed of migmatized cordierite-sillimanite paragneiss and migmatites (Solomon Formation) at the contact with occasionally pillowed metabasaltic rocks (Trieste Formation) and associated with bands of sulphide and graphite-rich siltstones/tuffs. The metavolcanic and metasedimentary rock assemblages were affected by several episodes of deformation and second-generation EW-oriented folds dipping to the east were recognized. Stelmine’s geologist collected 57 rock samples, of which 32 were channel samples.


QA/QC Protocol
Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Joubert property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration (OREAS-210) and low concentration (OREAS-252) certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely at the base camp established at the Mirage outfitter on the Trans Taiga road. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from reliable transport companies. Gold was analyzed by fire assay method (Au-FA_ICP) and the other elements were determined by TD-MS or TD-ICP (ME-MS61).


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $3.5 million.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
























For more information :  
Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

514-813-7862
info@stelmine.com  
www.Stelmine.com 

!
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8020Admin

5 months

8020Admin posted a press release 2.81 g/t Au on 1 m discovered by Stelmine in STELMINE CANADA LTD.

QUEBEC CITY, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada (« Stelmine ») (STH-TSXV) reveals the results of its 2018 exploration campaign on the Trieste property. Channel sampling carried out on a chloritized amphibolite rock at proximity of a silicate/oxide iron formation exposed in the eastern sector of the property yielded a gold value of 2.81 g/t on 1 m. The assay corroborates the 1.10 g/t Au concentration obtained in 2017 by Stelmine on a composite sample collected near the iron formation (Figure 1). The Trieste property is located within the Trieste greenstone belt less than 80 km SW of the Trans-Taiga road in the James Bay Territory.


Isabelle Proulx, President and CEO of Stelmine affirms: “These results combined with those obtained on the Courcy property let us believe the eastern portion of the Opinaca/La Grande sub-provinces will become an important gold district. As testified by the results obtained by several junior mining companies, the gold mineralization occurring within the wallrocks of the iron formation validates the gold potential of the Trieste greenstone belt”.


Geology
In 2018, Stelmine geologists completed geological mapping of the property accompanied by grab and channel sampling. The exploration work identified folded magnetic iron formations (oxide and silicate facies) interbedded with metasedimentary and mafic to intermediate metavolcanic rocks (amphibolites). Gabbroic sills are associated with the amphibolite metavolcanics. The metasedimentary rocks consist of paragneiss and migmatized paragneiss with metachert/quartzite forming part of the Solomon Fm. Mapped plutonic rocks consist of granodiorite, tonalite, granite and pegmatitic granite.


Gold mineralization occurs in sulfurized amphibolites near iron formations containing magnetite, grunerite, garnet and sulfides (pyrite, pyrrhotite, arsenopyrite and chalcopyrite) and are cut by sulfide-bearing quartz veins. The iron formations display oxide and silicate facies and is interbedded with chert. Click here for the Figure 1


Additional information
The Society wishes to correct an inaccurate statement made in the press release of February 12, 2019. Stelmine has issued at total of 850 000 share options, according to their option plan, including 650,000 share options to directors, managers and employee to be exercised within 5 years. The Society also granted 200 000 share options to consultants to be exercised within 1 year.


QA/QC Protocol
Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Trieste property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration (OREAS-210) and low concentration (OREAS-252) certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely at the Mirage Outfitter base camp on the Trans Taiga road. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from reliable transport companies. Gold was analyzed by fire assay method (Au-FA_ICP).


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $3.6 millions.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.




















For more information :  
Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

info@stelmine.com 
514-813-7862
Stelmine.com

!

Stelmine Canada Ltd.

publicPublic Group

Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological c...

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Stelmine Canada Ltd.

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Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine......

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16 minutes

8020Admin posted a press release Stelmine initiates the first stage of its 2019 drilling campaign in STELMINE CANADA LTD.


QUEBEC CITY, July 16, 2019 (GLOBE NEWSWIRE) -- Stelmine (STH-TSXV) is pleased to announce, as of July 14, the first stage of its drilling campaign program on its Courcy flagship gold property located in the Superior Province near the Quebec-Labrador border.


In order to ensure the positioning of the drill collars on the most promising targets, a team of geologists will carry out additional exploration work. While confirming the selected drilling targets on the main zone, the work should enable the definition of new targets. The operation involves overburden stripping followed by detailed mapping and channel sampling of the extensions of the principal gold-mineralized antiform structure characterized by the folded Couteau fault.


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $4.2 million.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


For more information :

















Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

info@stelmine.com 
514-813-7862
Stelmine.com   


Primary Logo



 

!
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8020Admin

1 month

8020Admin posted a press release Stelmine is making plans to drill on the Courcy property in STELMINE CANADA LTD.


QUEBEC CITY, June 05, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada (STH-TSXV) is making plans to drill at its Courcy flagship project. Indeed, during the last two years the Company has completed meticulous exploration work with results allowing the initiation of a drilling campaign at shallow depth.


Courcy is a relatively recent project undertaken just two years ago by Stelmine. However, the property was investigated for five years between 2002 and 2006 which permitted a compilation of significant data including that of a SOQUEM drillhole yielding a value of 4.26 g/t Au over 42 m. The systematic approach applied to the exploration work completed by Stelmine for the last two years enables the selection of primary targets for drilling. Most proposed collars are targeting the Couteau fault and the deformed volcanic assemblages/iron formations nearby.


Our work involved high-technology exploration methods used and accepted by major companies, such as:



  • A reinterpretation of numerical geophysical data (VTEM, TDEM, Max-Min, ground-based magnetometry), obtained from historical work, allowed the creation of 3D inversion models of the stratigraphy and structure of the eastern part of the property. The models were designed using the ArcGis and Leapfrog software.



  • Historical and current database including results from earlier drillholes and from geochemical and geological information were combined to redefine the stratigraphy and structure of the property. Thus, we identified the Courcy fault, a major thrust extending for 21 km, as the principal carrier of the gold mineralization (see November 29, 2018 press release).



  • Various surveys were accompanied by thin section examinations under the microscope and major and trace elements chemical analyses of rocks to better understand the composition of the altered, deformed and metamorphosed assemblages.



  • Overburden stripping carried out by Stelmine over the mineralized zones totaled more than 3,000 m2. They allowed the completion of 844 linear m of channel sampling yielding 837 samples all analyzed for gold.


Isabelle Proulx, CEO and President of Stelmine comments: “During the last two years, we have demonstrated the gold potential of the Courcy property. The Company has made great leaps in the understanding of the mechanism of gold emplacement. We have established a new geological model (based on historical data; but also on the overall knowledge of the geology of the James Bay Territory). This model sparked strong interest among experts and thus confirmed that Stelmine was ready to drill the property”.


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $4.3 million.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


For more information :

















Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

info@stelmine.com 
514-813-7862
Stelmine.com  


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Media Relations posted an update This evening in St George de Beauce, Isabelle Proulx, President and Chief Executive Officer of Stelmine Canada in STELMINE CANADA LTD.

This evening in St George de Beauce, Isabelle Proulx, President and Chief Executive Officer of Stelmine Canada, presents the company's latest developments. STH. TSXV) 


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Media Relations posted an update Ms. Isabelle Proulx, President and CEO of Stelmine Canada presenting today in Quebec City in STELMINE CANADA LTD.

This afternoon in Quebec City, Ms. Isabelle Proulx, President and CEO of Stelmine Canada presents the latest development of the gold Explorer Quebecois (STH. TSXV).



 

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8020Admin

3 months

8020Admin posted a press release Stelmine unearths two new gold mineralized zones on the Courcy property in STELMINE CANADA LTD.

QUEBEC CITY, April 30, 2019 (GLOBE NEWSWIRE) -- Stelmine (STH-TSXV). Stelmine reports the discovery of two new gold-bearing zones (Courcy 4.0 and 4.1) near the major 21-km long Couteau fault. Last channel sampling, carried out by the Company, lead to the exposure of mineralized outcrops located over 7 km southwest (SW) of the main Courcy 2.4 zone (Figure 1 : https://stelmine.com/en/projects/courcy-properties/ ). Gold values of 1.15 g/t over 2.0 m (Courcy 4.0) and 1.05 over 3.0 m (Courcy 4.1) were detected in highly deformed, finely-bedded pyrrhotite and garnet-rich amphibolites/silicate-facies iron formations situated 550 m north of the Couteau fault (Figure 2).


More than 109 rock samples were collected from outcrops exposed within the SW zone, including 80 channel samples adding-up to 79.5 m in length.


This discovery confirms the gold-potential of the Upper Soulard Formation and the Couteau fault; prompting Stelmine to continue its exploration work on these new outcrops as early as next summer. Future work will reach closer to the Couteau fault defined by positive mag anomalies and high conductivity.


Isabelle Proulx, CEO of Stelmine states: “These new results consolidate our confidence in the gold potential of the Courcy property. The discovery of the new gold zones suggests the occurrence of mineralized horizons extending to the Courcy 2.4 site.”


Geology of the Courcy property


At the center of the property, the Couteau fault separates the Soulard Formation into two volcanic units at the level of an assemblage of sulfurized, garnet-rich silicate facies iron formations and iron-rich amphibolites. The best gold results came from pyrrhotite-rich amphibolite and iron formation samples within and at the margin of this major fault.


The geology of the Courcy property comprises a large, strongly-deformed (meta-) sedimentary basin located in the eastern and northern areas of the property. The basin is composed of grauwackes, mudstones., quartz arenites, quartzites and monogenic/polygenic conglomerates together with amphibolites. The Courcy Formation is mainly characterized by a metavolcanic gneissic assemblage of metandesites, tuffs and migmatitic paragneiss crosscut by dioritic and tonalitic sills. South of the property, a series of tonalitic, granodioritic and monzogranitic rocks forming the Atticoupi Suite is in contact with the metasedimentary and metavolcanics assemblages.


Figure 1. geological map of the Courcy property showing the localization of the Courcy 4.0 and 4.1 gold mineralized zones. https://stelmine.com/en/stelmine-unearths-two-new-gold-mineralized-zones-on-the-courcy-property/


Figure 2a, b. Garnet and amphibole-rich magnetic amphibolites/finely-bedded iron formations, with occasional métatexites, containing pyrrhotite (5-10%) and arsenopyrite (?). Courcy 4.2 auriferous zones. https://stelmine.com/en/stelmine-unearths-two-new-gold-mineralized-zones-on-the-courcy-property/


QA/QC Protocol


Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Courcy property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration (OREAS-210) and low concentration (OREAS-252) certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely in a field tent before being sent by floatplane to the city of Wabush. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from reliable transport companies. Gold was analyzed by fire assay method (Au-FA_ICP).


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine


Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $3.6 million.


Forward-looking statements


The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


For more information :
















Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

 

info@stelmine.com  
514-813-7862
Stelmine.com 

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8020Admin

3 months

8020Admin posted a press release Encouraging results in the new sector of the eastern Opinaca basin in STELMINE CANADA LTD.

QUEBEC CITY, April 08, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada (« Stelmine ») (STH-TSXV) reveals the results of its exploration campaign completed on the Joubert property in which channel samples provided values of 0.83 g/t Au on 1.5 m and 1.10 g/t Au on 0.25 m (Figure 1  https://stelmine.com/en/projects/joubert-properties/ ). These new gold values support the recent discoveries obtained on the Trieste and Mercator properties in the eastern sector of the Opinaca metasedimentary basin. The Society, being at the avant-garde of the exploration of this largely unknown region, now holds a strategic advantage thanks to judicious acquisitions of key properties. In view of Stelmine discoveries, several mining companies now carry exploration around our claims, notably Osisko James Bay, Midlands Exploration (Isengard property), SOQUEM (Lake Harbour property) and Azimut Exploration (Galinée and Damas properties). These companies have reported promising results.


The analyzed lithologies consist of altered quartz-rich migmatized biotite/hornblende paragneiss containing pyrrhotite and arsenopyrite. Anomalous arsenic concentrations are reported (As between 679 and 2580 ppm). The showings are located 5 to 20 m from the Virginia Mines (2007) outcrops returning values of 4.69 g/t and 0.48 g/t Au obtained from deformed and dismembered quartz veins within pyrite-pyrrhotite-bearing gneiss/migmatites. Gold mineralization was discovered in 2017 by Stelmine in the northeast part of the property on a rusty outcrop exposing siltstones/tuffs layers at the contact with metabasaltic rocks. The mineralization is constituted of pyrrhotite, pyrite and chalcopyrite locally massive or injected in fractures. The rock is sometimes silicified, magnetic and contains graphite accompanied by quartz veins. Grab samples provided values of 2.48 g/t Au, 0.16 % Zn, 1440 and 2760 ppm As (Figure 1). The siltstones/tuffs in contact with metabasalts and a websterite intrusive continue westward and veer south then east. This contact constitutes a potential gold target thanks to the occurrence of disseminated to massive sulphide zones showing anomalous Au (0.10 and 0.13 g/t) and Zn (0.1 %) contents.


Isabelle Proulx, President and CEO of Stelmine affirms: “The Joubert property displays a diverse mineral potential presenting significant gold values associated with migmatized sedimentary and volcanic rocks. This bodes well for the future and Stelmine plans to carry out a more detailed exploration program principally aimed at the siltstones/tuffs and metabasalts contact. Our work adheres to a global perspective aiming at developing a new mining camp in the eastern sector of the Opinaca and La Grande sub-provinces. Stelmine is currently one step ahead of other mining companies due to its careful acquisition of high gold potential properties.”


The Joubert property consists of 182 claims, 100% owned by Stelmine and totaling 94 km2 (Figure 1). It is located 55 km NE of the Renard diamond mine accessible by route 167. The property is situated within the La Grande sub-province near the contact with the Opinaca metasedimentary sub-province. Work conducted in 2018 allowed the identification of metasedimentary rocks composed of migmatized cordierite-sillimanite paragneiss and migmatites (Solomon Formation) at the contact with occasionally pillowed metabasaltic rocks (Trieste Formation) and associated with bands of sulphide and graphite-rich siltstones/tuffs. The metavolcanic and metasedimentary rock assemblages were affected by several episodes of deformation and second-generation EW-oriented folds dipping to the east were recognized. Stelmine’s geologist collected 57 rock samples, of which 32 were channel samples.


QA/QC Protocol
Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Joubert property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration (OREAS-210) and low concentration (OREAS-252) certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely at the base camp established at the Mirage outfitter on the Trans Taiga road. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from reliable transport companies. Gold was analyzed by fire assay method (Au-FA_ICP) and the other elements were determined by TD-MS or TD-ICP (ME-MS61).


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $3.5 million.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
























For more information :  
Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

514-813-7862
info@stelmine.com  
www.Stelmine.com 

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8020Admin

5 months

8020Admin posted a press release 2.81 g/t Au on 1 m discovered by Stelmine in STELMINE CANADA LTD.

QUEBEC CITY, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Stelmine Canada (« Stelmine ») (STH-TSXV) reveals the results of its 2018 exploration campaign on the Trieste property. Channel sampling carried out on a chloritized amphibolite rock at proximity of a silicate/oxide iron formation exposed in the eastern sector of the property yielded a gold value of 2.81 g/t on 1 m. The assay corroborates the 1.10 g/t Au concentration obtained in 2017 by Stelmine on a composite sample collected near the iron formation (Figure 1). The Trieste property is located within the Trieste greenstone belt less than 80 km SW of the Trans-Taiga road in the James Bay Territory.


Isabelle Proulx, President and CEO of Stelmine affirms: “These results combined with those obtained on the Courcy property let us believe the eastern portion of the Opinaca/La Grande sub-provinces will become an important gold district. As testified by the results obtained by several junior mining companies, the gold mineralization occurring within the wallrocks of the iron formation validates the gold potential of the Trieste greenstone belt”.


Geology
In 2018, Stelmine geologists completed geological mapping of the property accompanied by grab and channel sampling. The exploration work identified folded magnetic iron formations (oxide and silicate facies) interbedded with metasedimentary and mafic to intermediate metavolcanic rocks (amphibolites). Gabbroic sills are associated with the amphibolite metavolcanics. The metasedimentary rocks consist of paragneiss and migmatized paragneiss with metachert/quartzite forming part of the Solomon Fm. Mapped plutonic rocks consist of granodiorite, tonalite, granite and pegmatitic granite.


Gold mineralization occurs in sulfurized amphibolites near iron formations containing magnetite, grunerite, garnet and sulfides (pyrite, pyrrhotite, arsenopyrite and chalcopyrite) and are cut by sulfide-bearing quartz veins. The iron formations display oxide and silicate facies and is interbedded with chert. Click here for the Figure 1


Additional information
The Society wishes to correct an inaccurate statement made in the press release of February 12, 2019. Stelmine has issued at total of 850 000 share options, according to their option plan, including 650,000 share options to directors, managers and employee to be exercised within 5 years. The Society also granted 200 000 share options to consultants to be exercised within 1 year.


QA/QC Protocol
Stelmine implemented a strict QA/QC protocol in processing all rock samples collected from the Trieste property. The protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration (OREAS-210) and low concentration (OREAS-252) certified gold standards, blanks and duplicates, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely at the Mirage Outfitter base camp on the Trans Taiga road. Transport to Actlabs laboratories in Ancaster, Ontario was made by truck from reliable transport companies. Gold was analyzed by fire assay method (Au-FA_ICP).


The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.


Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.


About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 955 claims spanning 497 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 29,648,645 issued and outstanding shares for a current market capitalization of $3.6 millions.


Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.




















For more information :  
Isabelle Proulx
President and CEO
Christian Guilbaud
Business Development
418-626-6333

info@stelmine.com 
514-813-7862
Stelmine.com

!