Stelmine Canada Identifies New Meridian Gold Zone in Mercator Surface Channel Sampling Return: 2.07 g/t Au over 27.50 m, 2.16 g/t Au over 16.0 m, and 2.13 g/t Au over 12.50 m

QUÉBEC, July 27, 2022 (GLOBE NEWSWIRE) -- Stelmine Canada (« Stelmine ») (STH-TSXV) Stelmine Canada is pleased to divulgate gold assay results of channel and grab samples collected within the 100% owned Mercator property located in northeastern Quebec. At the core of the property, the Meridian Zone, yielded 22 channel sites carrying significant gold values such as 2.07 g/t Au over 27.5 m, 2.16 g/t Au over 16.0 m and 2.13 g/t Au over 12.5 m (Fig. 1 and Table 1). Grab samples also include high gold concentrations such as 18.2 g/t, 9.27 g/t, and 6.93 g/t Au. The Meridian Zone constitutes a 2.5 km x 500 m mineralized corridor set in a unique assemblage of highly metamorphosed igneous mafic rocks and iron formations 5 to 20 m thick, dipping 30°-40° to the NW. Sitting on a hill characterized by positive magnetic anomalies, it is bounded by low angle thrust faults (Fig. 1 and 2).