Starr Peak Mining Ltd. ('Starr Peak' or the 'Company') (TSXV: STE) (OTCQX: STRPF) is pleased to announce that a soil sampling program will be commencing on its NewMetal property ('NewMetal' or 'the Property'), located in the Abitibi Greenstone Belt of Quebec near the town of Normetal.
This phase of exploration will focus on the westward trend, towards Amex Exploration's Perron Project, of gold and base metal findings from the previous Normetmar 2021 and 2022 drilling phases. The northern part of the property will also be covered in order to do a follow-up and better define 2022 drilling results.
Johnathan More, Chairman and CEO of Starr Peak commented, 'Starr Peak is sitting on a strong cash position and now feel it is a good time to get back into the field. The soil survey will be complementary to the 2021 VTEM survey and allow for a gold investigation in a more systematic and directed approach. The 2022 drilling campaign has shown the potential for base metals and gold mineralisation in the northern part of the property and will be further investigated. We will then set priority targets as we prepare for the next stage of drilling.'
In addition to better defining the 1 km long VMS horizon, the survey will cover hole STE-22-112 that returned anomalous gold results hosted into the granodioritic Pluton de Normetal, located in the North-East part of the property. Gold results were 4.5 g/t Au over 0.30m and 0.45 g/t Au over 0.40m. The soil survey will be analyzed by the Ionic LeachTM method (ALS Global), which measures the concentration of metal ions in the soil. The Ionic Leach method aims to detect mineralization through deep overburden coverage. Geochemical anomalies sourced from ore-grade mineralization often present sharp and high-amplitude signals, which are ideal for drill targeting.
Previous Financing Disclosure
Further to the Company's news release dated May 4, 2023, the Company advises that it paid finders fees in cash of $36,000 and $114,000 to Cairo Malhi and Joshua Lacey-Rogers, respectively, in respect of closing of its non-brokered private placement of 6,250,000 units at $0.40 per unit.
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.
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.
Contact:
Tel: 515-401-7479
STARR PEAK MINING LTD. 
