Storm Exploration Inc. (TSXV:STRM) has reported the discovery of a new mineralised volcanogenic massive sulphide (VMS) system at its wholly owned Gold Standard Project, located 60 km north of Fort Frances, Ontario. The company said five drill holes have been completed, with assay results from the programme still pending.
#Drilling confirms sulphide mineralisation
The completed drilling covers 1,000m across 1.9km of the target, which has a reported strike length of 7km. Storm said each hole encountered disseminated, semi-massive or massive sulphide mineralisation.
Core from all five holes contains pyrite, pyrrhotite, chalcopyrite and sphalerite. Chalcopyrite is a copper sulphide mineral, while sphalerite is a zinc sulphide mineral. The mineralisation occurs in several forms, including stringer and vein zones, within a volcanic sequence affected by silicification and quartz-chlorite-sericite-(+/-) garnet alteration.
#Conductivity anomaly remains partly untested
The exploration target was initially identified through an airborne Versatile Time Domain Electromagnetic survey and later refined by ground Very Low Frequency Electromagnetic work. Storm said the anomaly includes a 3km north-south striking limb and a 4km east-west striking limb.
The current drilling has tested 1.8km of the north-south limb. The east-west limb remains untested, while the broader conductivity anomaly extends across 7km.
#Next exploration and analytical work
Storm said it is planning a phased exploration programme involving geophysics, geochemistry and systematic drilling. Detailed core logging and processing are underway in Thunder Bay.
Samples are due to be analysed at Actlabs in Thunder Bay, Ontario, with standard sample quality assurance and quality control procedures in place. The company expects assay results in early Q1/2027 and said they will be announced as they become available. The current announcement does not include assay results for the new drilling.
Storm has also retained Professional Geologist and exploration consultant Dr. Stephen Piercey to review the technical information and help inform its exploration approach. A site visit and core review are planned for the coming days.
#Background on the Gold Standard Project
The Gold Standard property comprises 373 single cell mineral claims covering 7,869 ha. It lies within the Manitou-Stormy Lakes greenstone belt along the Manitou Stretch - Pipestone Lake deformation zone.
Storm said four historical holes drilled by Inco in 1969 and 1970 intersected copper and zinc sulphide mineralisation within the area, although assays were not completed because nickel sulphides were not observed. The property also includes three historical gold mines that operated between 1901 and 1903.
The company stated that the technical information in its announcement was reviewed and approved by Jo Price, a Director of Storm Exploration and a Qualified Person under National Instrument 43-101. Storm also cautioned that its forward-looking information, including future work programmes and objectives, relies on estimates and assumptions and is subject to risks and uncertainties. Actual results and future events could differ materially from those expressed or implied, and there can be no assurance that the information will prove accurate.
#Key Takeaways
- Storm Exploration reported a new mineralised VMS system at its 100% owned Gold Standard Project in Ontario.
- Five drill holes totalling 1,000m have been completed across 1.9km of the 7km target.
- Pyrite, pyrrhotite, chalcopyrite and sphalerite were identified in core from all drill holes.
- The 4km east-west limb of the conductivity anomaly remains untested.
- Storm expects assay results from the current drilling in early Q1/2027.
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