A view of the Batchewana Bay/Chippewa Falls area in the fall. Credit: Veena/Adobe Stock.
Sterling Metals (TSXV: SAG) shares doubled after the Canadian explorer said it discovered a new high-grade copper zone at the past-producing Soo project in Ontario.
Drill hole MEPS-25-02 cut 68 metres grading 1.39% copper, 1.83 grams gold per tonne and 8.46 grams silver from 179 metres depth, Sterling said Monday in a statement. This included 9 metres at 6.8% copper, 13.2 grams gold and 46.26 grams silver from 215 metres downhole.
Results from MEPS-25-02 include the highest copper and gold grades encountered to date at Soo, Sterling said. Results from another hole, MEPS-25-01, are pending.
“This discovery clearly indicates the potential for a giant magmatic hydrothermal copper-gold-molybdenum deposit within the Batchewana peninsula,” technical adviser Neil O’Brien said in the statement.
“The high…
