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 8 years ago. Seven of the twelve intersected massive sulfide zinc
mineralization in Upper Marble unit rocks (see the table at
https://www.accesswire.com/uploads/Star%20Mountain%20Resources%20Image.jpg). 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 Resources 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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