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SMRS Reports Results of Evaluation of Exploration Targets

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QualityStocks Member Level  Tuesday, 08/30/16 12:33:41 PM
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SMRS Reports Results of Evaluation of Exploration Targets in the Balmat-Edwards Mining District

Star Mountain Resources, Inc. (OTC: SMRS) today announced the results of its district-wide review and evaluation of the historic exploration drilling program that targeted zinc mineralization in the Balmat-Edwards Mining District, St. Lawrence County, New York.

According to today’s press release, the company identified significant potential zinc mineralization in the Upper Marble unit (the host unit for zinc mineralization for all the mines in the Balmat-Edwards District) at a location approximately one mile southwest of the historic Hyatt Mine and four miles northeast of the Balmat #4 Mine (the “Sully discovery”).

The Sully discovery is located within the 80,582 acres of mineral rights controlled by Star Mountain. A dozen drill holes were completed on the Sully target in approximately eight years ago. Seven of the 12 intersected massive sulfide zinc mineralization in Upper Marble unit rocks (see the table at http://nnw.fm/IkpU4). It has been concluded that zinc mineralization is significantly thick and can be correlated over approximately 1,500 feet along strike and up to 500 feet across strike.

Star Mountain stated that mineralization remains open in every direction. The company has planned a follow up drilling program to confirm the discovery and to determine the extent and limits of the mineralization.

Star Mountain President Mark Osterberg commented, “The Balmat-Edwards District has been in near continuous production for 100 years and the exploration history documents a record of new mine discovery every 17 years on average. We expect to continue our review and evaluation of historic exploration drilling and to advance exploration efforts on the Sully discovery in the Balmat-Edwards District and we are confident that we can add to the record of discovery.”

For more information, visit www.starmountainresources.com

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