Stelmine Canada Ltd.
TSX VENTURE : STH

Stelmine Canada Ltd.

April 01, 2009 15:37 ET

Stelmine Announces Results Obtained During its 2008 Opinaca Campaign

MONTREAL, QUEBEC--(Marketwire - April 1, 2009) - Stelmine Canada Ltd ("Stelmine"), (TSX VENTURE:STH) announces the results of its 2008 exploration campaign realized on the Opinaca property, located In the eastern section of the Opinaca Reservoir, 320 kms North of Matagami, in the James Bay Region of Quebec.

The geophysical exploration and prospecting program covered the whole land portion of the south block of the Opinaca mining property.

The shores of the Opinaca Reservoir were prospected and the erratic mineralized boulder specimens found were collected for analysis. For the most part, the mineralized boulders were oxidized amphibolites sometimes with up to a 10% sulphide content. The boulder specimen analysis revealed only one anomal gold specimen containing 191 ppb of gold and three anomal copper specimens containing respectively 214, 351 and 335 ppm of copper.

Prospecting traverses spaced out by 250 and 500 meters were performed on the whole land proportion of the mining property, or on a distance of about 20 km. The mineralized outcrops were visited, photographed and sampled. The more massive rock sampling such as granites and pegmatites sometimes required the use of a portable drill in order to obtain representative specimens.

The formations and outcrops observed on the whole of the property are limited to pink granites and quartz-bearing diorites. The size distribution varies from medium to coarse. A few white milk sterile-looking quartz veins were observed cutting across massive granites but no gold-bearing content was reported in the analysis.

The scintillometer prospecting of the granites on the property did however reveal several uraniferous anomalies, some exceeding 1000 cps justified the portable drill sampling. The uranium analyses were performed by the Laboratoire Expert of Rouyn Noranda and the best results obtained are the following:



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Analysed element Mass U U3O8
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Unit G ppm ppm
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Detection limit 0,1 0,1
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Analytical method DNC DNC
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#OP-01-08 0,92 37,1 43,7
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#OP-02-08 1,079 1770 2086,8
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#OP-03-08 0,961 1040 1226,2
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#OP-05-08 0,932 854 1006,9
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#OP-07-08 0,943 269 317,2
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Geophysical Survey:

A total of 34.5 km of lines with a North-South orientation and spaced out by 250 meters were drawn to cover the entire land portion of the property.

The grid line (localization grid) was used to perform a magnetic and radiometric survey. Readings were taken at 50 meter intervals along the lines with a nip at every 25 meters in those areas of the property showing anomalies.

The magnetic survey reports no significant anomalies. The radiometric survey shows a background of about 50 to 200 cps in total counts, as well as several punctiform anomalies of about 500 to over 3,000 cps over the entire area studied.

Mr. Maurice Giroux, a geologist and qualified person as defined by National Instrument 43-101, has read and approved the content of this news release.

Stelmine Canada Ltd is a junior mining exploration company newly listed on the TSX Venture Exchange under the symbol STH.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Stelmine Canada Ltd.
    Mr. Michel Lemay
    President and Chief Executive Officer
    514-866-6299