Storm Exploration Begins Drilling at Gold Standard VMS Target
Storm Exploration has commenced its first drill programme at the Gold Standard Project, with up to 1,500 metres planned to test a VMS geophysical target.
Storm Exploration Inc. (TSXV:STRM) has commenced drilling at a volcanogenic massive sulphide (VMS) target on its 100% owned Gold Standard Project in Ontario. The property is located 60km north of Fort Frances, and the company says the work is its first drilling programme at the project.
Storm said it plans to drill up to 1,500 metres of core during the initial programme. The work is designed to test a geophysical target identified in 2026 through airborne VTEM and ground VLF surveys.
The drilling will concentrate on the north-south arm of the conductor. Storm estimates that the programme will include 10 holes across a 2 km strike-length. The company’s stated objective is to determine whether VMS-type mineralisation is associated with the large conductivity anomaly.
Storm said the programme is planned to continue until September 27th, when operations will stop in observance of the First Nations traditional moose hunt.
The Gold Standard property consists of 373 single cell mineral claims covering 7,869 ha. It is accessible by an all-weather forestry road and is situated within the Manitou-Stormy Lakes greenstone belt, along the Manitou Stretch - Pipestone Lake deformation zone.
The project contains a conductivity anomaly more than 5 km long. Four shallow holes drilled by Inco in 1969 and 1970 intersected copper and zinc sulphide mineralisation. The source material states that assays were not completed because nickel sulphides were not observed.
Gold Standard also includes three historical gold mines that operated between 1901 and 1903. Storm reported that surface rock samples it collected near the HW-271 mine in 2022 included assays of 166 g/t Au, 197 g/t Ag and 1.47% Cu.
Those results relate to historical surface samples and do not establish the outcome of the current drilling programme.
Storm said its plans for future operations, work programmes and objectives may constitute forward-looking information. The company cautioned that these statements rely on estimates and assumptions and are subject to known and unknown risks and uncertainties. It also said actual results and future events could differ materially from those anticipated, and that there can be no assurance the information will prove accurate.
Jo Price, M.Sc., MBA, P. Geo., a Storm director and Qualified Person under National Instrument 43-101, reviewed and approved the technical content of the announcement. The TSX Venture Exchange and its Regulation Services Provider have not reviewed or accepted responsibility for the adequacy or accuracy of the release.
Storm Exploration Inc. (TSXV:STRM) has announced that it has commenced drilling at the Volcanogenic Massive Sulphide (VMS) target on its 100% owned Gold Standard Project, located 60km north of Fort Frances, Ontario. The company described this as its first drill program at Gold Standard.
The company plans to drill up to 1,500 metres of core in the initial programme to test the airborne VTEM/ground VLF geophysical target identified in 2026. Drilling is expected to focus on the north-south arm of the conductor, with an estimated 10 holes over a 2 km strike-length.
Storm’s stated goal is to confirm whether VMS-type mineralisation is associated with the large conductivity anomaly. The company’s comments about the prospect of drilling the underexplored target and sharing results as they become available are forward-looking statements and are subject to risks and uncertainties.
The programme is planned to operate until September 27th, when it will shut down in observance of the First Nations traditional moose hunt. The source describes the drilling scope and timing as plans, so the stated programme may be affected by risks, uncertainties and other factors that could cause actual events to differ materially.
The project comprises 373 single cell mineral claims covering 7,869 ha and lies within the Manitou-Stormy Lakes greenstone belt along the Manitou Stretch - Pipestone Lake deformation zone. The property is accessible by all-weather forestry road and is described as having a VMS target with a conductivity anomaly more than 5 km long.
Four coincident, shallow holes drilled by Inco in 1969 and 1970 intersected copper and zinc sulphide mineralisation, but no assays were completed because no nickel sulphides were observed. The project also has three historical gold mines that were operational between 1901 and 1903. Surface rock samples collected by Storm in 2022 near the HW-271 mine yielded assays that included 166 g/t Au, 197 g/t Ag and 1.47% Cu; these are sample results and do not establish the outcome of the current drilling programme.
The company states that its strategic plans, future operations, future work programmes and objectives may constitute forward-looking information. Such information is based on estimates and assumptions subject to known and unknown risks and uncertainties, and actual results and future events could differ materially. The company says there can be no assurance that the information will prove accurate and that readers should not place undue reliance on it. The technical contents were reviewed and approved by Jo Price, M.Sc., MBA, P. Geo., a Director and Qualified Person under National Instrument 43-101. The TSX Venture Exchange and its Regulation Services Provider have not reviewed or accepted responsibility for the adequacy or accuracy of the release.