Welcome to our dedicated page for Sterling Metals news (Ticker: SAGGF), a resource for investors and traders seeking the latest updates and insights on Sterling Metals stock.
Sterling Metals Corp (TSXV: SAG, OTCQB: SAGGF) is a mineral exploration company focused on large scale and high-grade Canadian copper opportunities, and its news flow reflects active work on multiple projects. Most recent company updates concentrate on the Soo Copper Project in Ontario, where Sterling reports a large porphyry copper system with copper, gold, silver and molybdenum mineralization.
News releases describe the discovery of a high-grade bornite-rich copper-gold zone in drill hole MEPS-25-02 at Soo Copper, broad intervals of porphyry-style copper mineralization in several holes, and follow-up drilling that has expanded the footprint of copper mineralization. Additional updates cover surface programs that have identified chalcopyrite and bornite in outcrop across a multi-kilometre corridor and geophysical reinterpretation that outlines large resistivity and magnetic anomalies linked by the company to potential intrusive centres.
Investors following SAGGF news will also see announcements on private placements of units and flow-through shares or charity flow-through units, which Sterling states are used to fund exploration and qualify certain expenditures as Canadian exploration expenses. Corporate news has included the appointment of a Chief Geologist, the granting of restricted share units, and an exploration agreement with Garden River First Nation aimed at supporting a cooperative relationship around the Soo Copper Project.
This page aggregates such disclosures, from drill results and field program highlights to financing and community-related agreements. For those tracking Sterling Metals, the news feed offers a centralized view of how the company’s exploration strategy at Soo Copper and the Adeline Project in Labrador is evolving over time.
Sterling Metals reports high-grade discoveries from its Phase 1 campaign at the Copper Road Project in Ontario. Surface grab samples revealed values up to 15.90% copper and 4.84% molybdenum, with an average copper value of 1.96% across 31 samples. The exploration defined a 5x5km high-priority area, identifying a ~2km long footprint of significant porphyry mineralization. The company completed a 2024 soil sampling program collecting 1,822 samples, confirming strong copper-molybdenum anomalies. A 5km x 3km 3D IP survey is underway to guide drill targeting.
Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) has completed a non-brokered private placement, issuing 15,835,996 flow-through shares at $0.065 per share, raising gross proceeds of $1,029,339.74. The company paid finders a commission of $63,838.23 and issued 982,126 broker warrants. Each warrant allows the purchase of one common share at $0.065 for one year. The funds will be used for Canadian exploration expenses qualifying as flow-through mining expenditures. Insiders participated by subscribing for 846,000 shares.
Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) has provided an update on its Phase 1 exploration campaign at the Copper Road Project in Ontario, Canada. The company has identified multiple high-priority copper exploration zones using various techniques, including:
- Collection of 1,200 surface soil samples showing strong copper-molybdenum anomalies
- Inversion of a 3,777-line kilometer airborne magnetic survey
- Advanced modeling of historical airborne electromagnetic survey data
- Interpretation of a new 10cm resolution LiDAR survey
- Digitization of over 200,000 pages of historical documents
Early mapping has revealed numerous copper sulphide mineralization showings. The company is now focusing on pinpointing large-scale copper targets within the extensive mineralized area and advancing priority drill targets.
Sterling Metals has commenced its inaugural Phase 1 exploration campaign at the Copper Road Project, located 80km north of Sault Ste. Marie, Ontario. The 25,000ha project is a high-potential site for copper, molybdenum, silver, and gold.
Key activities completed by May and June include a 3,777-line kilometer airborne survey, property-wide physical testing, and a 5,000-sample surface program. The company aims to define targets for future drilling through advanced modeling of historical geophysical data, expected to complete in July.
Jeremy Niemi, SVP of Exploration, highlighted the geological potential of the site, emphasizing the integration of historical data with new geophysics and surface mapping methods. Sterling Metals aims to identify new high-chargeability zones and further define the mineralization at Copper Road.
Sterling Metals has exercised its option to acquire 100% of the Adeline Copper-Silver Project in Labrador from Chesterfield Resource, finalizing by June 30, 2024. The transaction involves a CAD$200,000 cash payment and the issuance of 8.5 million common shares, giving Chesterfield a 5.46% stake in Sterling Metals. CEO Mathew Wilson highlighted the project's significant potential and strategic positioning, enhancing Sterling's leverage in copper and silver markets. The inaugural drill program completed in December 2023 confirmed copper mineralization in 10 out of 11 holes. Sterling has engaged ALS GoldSpot Discoveries for advanced remote sensing and targeting studies to improve exploration efforts.
Sterling Metals has appointed Mark Goodman as Chairman, following a recent transaction with Copper Road Resources Inc. Goodman, with over 25 years of mining experience, previously served as President of Dundee He replaces Richard Patricio, who will remain as an advisor. The Copper Road Project is expected to be a significant value driver for Sterling, with well-defined targets and regional potential. The company distributed 86,249,546 Consideration Shares to Copper Road Resources shareholders, with further updates on the Copper Road Project anticipated soon.
Sterling Metals Corp. has completed the acquisition of the Copper Road Project in Ontario, adding a high-potential copper-moly-silver-gold project to its portfolio. The project benefits from strategic proximity to infrastructure and recent drill holes suggest significant mineralization potential. Sterling issued over 108 million Common Shares in exchange for the acquisition and paid $460,000 in cash. The CEO highlighted the opportunity in the new copper supercycle and plans to commence exploration soon.
Sterling Metals Corp. announced that Copper Road Resources shareholders have approved the transaction involving the acquisition of the 's mineral rights located in Ontario. The CRD Shareholders voted to approve the sale of the mineral rights and the distribution of common shares of Sterling as consideration for the transaction. The is in the process of transferring option agreements related to the Copper Road Project. The CEO of Sterling expressed gratitude for the support and highlighted the potential for copper exploration opportunities in Ontario and Labrador. The Transaction is expected to close in May 2024, pending regulatory approvals.
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