Starr Peak Mining Ltd. announced drilling results on its NewMétal property, located in the Abitibi Greenstone Belt of Québec near the town of Normétal. The ongoing drill program targets the Normetmar Deep zone, located directly below the Normetmar high grade zinc deposit and approximately one kilometre West of the historic Normétal Mine which produced ~10.1M tonnes of 2.15% Cu, 5.12% Zn, 0.549 g/t Au, and 45.25 g/t Ag (Boivin, 1988). Recent results include: Deep drilling of the Normetmar trend in hole STE-21-92-W3 has intersected a high-grade copper interval of over 15% chalcopyrite ("Cpy") mineralization over 3.7 metres.

Chalcopyrite is a copper mineral (3% Cpy = 1% Cu). Recent Deep zone drilling results include 5.03% Zn_Eq over 12.5 m in hole STE-22-092-W2, which includes 1.01% Cu. A new Volcanogenic Massive Sulphide ("VMS") horizon has been discovered in the northern half of the property.

VMS Horizon Discovery: A new volcanogenic massive sulphide horizon has been discovered 3 km North of the Normetmar historical deposit. The horizon is hosted in intermediate volcanics from the lower member of the Normetal volcanic complex. Three holes have intersected the horizon, with hole STE-22-98 intersecting 15.35 m of sulphide mineralization, including 9.45 m of semi-massive to massive sulphides.

Trace amounts of chalcopyrite, sphalerite and galena were observed along with a chert rich interval in the core, which may suggest a fertile VMS horizon is in place. Borehole electromagnetic surveys (BHEM) were completed in holes STE-22-98, STE-22-103 and STE-22-104 to date. Results are showing multiple disconnected zones and a main anomaly (P104b) of high conductance close to hole STE-22-104, which did not crosscut the horizon but followed it.

Anomalies defined by hole STE-22-98 and STE-22-104 suggest a vertical plunge of the main mineralized zone intersected by hole STE-22-98, similar to Normetal and Normetmar historical mineralization plunge. The area initially covered by 2021 VTEM survey is open in every direction without historical drilling and VTEM anomalies are visible over 1 km long. The ongoing drill program continues targeting the Normetmar Deep zone, located directly below the Normetmar high-grade zinc deposit.

A mother hole is also planned to test the occurrence of a deeper zone, below the Deep zone. A second rig continues targeting the 4 km long prolific Normetmar-Normétal lithological contact within the property, taking into account the many new massive sulphide intercepts from the 2021-2022 program. The third rig has moved from the VTEM targets to test the continuity of the historical gold occurrences on the Rousseau and Turgeon Lake Gold properties located East of Normétal.

Remaining results of winter drilling campaign, targeting the northern part of the Newmétal property, will be released as soon as the BHEM surveys are completed and analytical results are received.