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Aug. 9, 2021, 8:43 a.m. EDT

Canada's Second Great Gold Rush May Be About To Begin

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Aug 09, 2021 (Baystreet.ca via COMTEX) -- The first Canadian gold rush—the Klondike--went down with picks and shovels and got individual miners some nice nuggets to take home.

On the other side of the country—the mother lode--could become the second gold rush … and this time it’s high-tech, high-grade, and high-volume.

A discovery last year in Quebec by Amex Exploration netted early-in investors up to 7,000% returns.

But we think this is just the beginning.

And this isn’t just a gold rush.

Gunning for a repeat of the Amex 2020 discovery that for some investors would be a once-in-a-lifetime thing … Starr Peak Mining Ltd. ( TSX:STE.V ; OTC:STRPF ) is on track aiming for something even more than just gold.

The junior miner—with Amex’s founder on its advisory team and technical advisor for exploration—has struck an entire basket of precious and base metals on its maiden drill.

And then again on its second drill.

Now, after hitting high-grade gold, silver, copper, and zinc on its first two drills at the past-producing mine it acquired earlier this year, the company is fast-tracking expansion of its drilling program.

In May, it expanded drilling from 5,000 meters to 20,000 meters .

Now, it’s doubling even that—to 40,000 meters.

Why? Because this isn’t just gold. It’s a VMS deposit--aVolcanogenic Massive Sulphide deposit that represents a cornucopia of commodities, many of them soaring in demand and price.

Proving up a commercial deposit of minerals is exactly what the major miners are after.

It’s all setting up Starr Peak to increase chances of success.

There are 3 key reasons we think this is the metals play of the decade for investors:

#1 A VMS proven deposit can attract major miners like nothing else

A junior miner can net investors huge returns if they make a discovery of commercial size and grade, and when that junior miner discovers something that has been eluding the big players, it’s on everyone’s radar.

Even more so when it’s hitting drill hole targets with a 98% success rate.

What exactly has Starr Peak found?

Using the same top geological consulting firm (Laurentia Exploration) that Amex used for its discovery, Starr Peak launched drilling in January, and by March it had released its first surprise results , which were big enough to bring on a second drill rig. But less than two months later, in May, investors got another pleasant surprise: indications of a VMS deposit. That sent shares up over 136%.

The May results showed evidence of a possible VMS deposit with rock containing multiple base metals, including zinc, copper, silver, and gold.

With those results, Starr Peak ( TSX:STE.V ; OTC:STRPF )expanded drilling from 5,000 meters to 20,000 meters and brought on a third rig.

In July, Starr Peak drill results returned even higher-grade results :

- Upper Zone (above 400m vertically)

* STE-21-09: 8.30 m of 10.09 % ZnEq including 2.70 m of 24.44 % ZnEq
* STE-21-17: 11.00 m of 9.01 % ZnEq including 3.00 m of 16.56 % ZnEq
* STE-21-27: 20.55 m of 7.04 % ZnEq including 5.10 m of 11.09 % ZnEq
* STE-21-29: 15.55 m of 9.94 % ZnEq including 10.10 m of 13.16 % ZnEq

- Deep Zone (below 400m vertically)

* STE-21-14: 6.65 m of 18.07 % ZnEq which includes 1.05% Cu
* STE-21-21: 8.70 m of 8.82 % ZnEq including 2.15 m of 13.38 % ZnEq

Spurred on by July’s high-grade results, Starr Peak moved to double its drilling program from 20,000 meters to 40,000 meters .

Gold is great.

But VMS deposits are better. They can render a junior mining company valuable beyond gold. These deposits, once proven up, are so incredibly valuable because they have particularly long-term production potential due to what Mining.com refers to as “the formation of clusters of deposits or ore lenses in close proximity, and the polymetallic nature of the ore”.

And they are coveted because they are rarer discoveries …

Source: Mining.com

One of the most famous VMS deposits is the Kidd Mine in Australia, which has produced 9 million tons of zinc, over 3.4 million tons of copper, and 12,000 tons of silver since 1966.

And Quebec is one of the hottest spots to search for VMS deposits … even though their discovery has eluded the majors for decades.

Source: Mining.com

But Quebec—a province that spans 1.7 million km² of a wildly diverse collection of metals—is one of the world’s most tantalizing, untapped mining venues. Right now, only 1% of the province is being mined, and only 5% is covered by mining rights.

That puts Starr Peak right in the middle of VMS discovery sweet spot, with high-grade results already from its first two drills. The hopes are that it could blow even the original Amex discovery away.

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