Drill Results
STLLR Gold Intersects 13.00 g/t Au over 22.75 m and 3.01 g/t Au over 22.93 m at the Jonpol Deposit of the Tower Gold Project
STLLR Gold reports high-grade intercepts at the Jonpol strike extension, advancing the project despite ongoing royalty disputes and going concern risks.
Executive Summary
- STLLR Gold Inc. released additional high-grade assay results from its 2026 drilling program at the Jonpol Deposit on the Tower Gold Project in Ontario's Timmins Mining Camp.
- Hole MGA26-268 delivered the program's highest metal factor to date, intersecting 13.00 g/t Au over 22.75m (including 29.09 g/t Au over 9.91m), confirming near-surface, high-grade mineralization.
- Additional holes (MGA26-266, 267, 269, 270) returned consistent intercepts ranging from 0.43 g/t to 6.68 g/t Au over multiple intervals, reinforcing the continuity of the mineralized zone.
- Drilling progress stands at 8,536m completed for H1 2026 at Jonpol, with assay results pending for remaining holes.
- Program objectives focus on extending Jonpol's open-pit strike from 400m to ~1,200m and infilling/de-risking the block model ahead of an updated Mineral Resource Estimate (MRE).
- Technical parameters use a 0.30 g/t Au cut-off, 5m internal dilution, and a 25 g/t Au cap. Samples were processed by ALS Laboratories with standard QA/QC protocols.
Material Impact
- The June 18 drill results are consistent with the high-grade, near-surface intercepts reported in April and May 2026. The market has already been primed for these results as part of the planned 8,000m H1 program.
- The news is incremental and expected. It continues to de-risk the Jonpol extension and supports management's thesis that a larger, higher-grade open pit is achievable.
- There is no new strategic shift, financing, or regulatory milestone attached to this release. It does not materially alter the company's cash burn profile or immediate capital needs.
- Given the exploratory nature and the fact that the results align with prior announcements, the market impact is expected to be muted. The news is Routine - Positive.
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Company Overview
- STLLR Gold Inc. is a Canadian gold exploration and development company focused on the Timmins Mining Camp in Ontario and the Colomac project in the Northwest Territories.
- Flagship Project: Tower Gold Project. The Jonpol Deposit is the primary near-surface open-pit target. The company is advancing environmental baseline studies for a federal Impact Assessment and targeting a pre-feasibility study within 24 months.
- Secondary Project: Hollinger Tailings Project. Received Ontario's first-ever Recovery of Minerals permit in February 2026. Maiden MRE announced in November 2025 outlines 412,000 oz Indicated and 93,000 oz Inferred gold.
- Tertiary Project: Colomac Gold Project. Completed a $620,000 solar farm and battery storage installation with Tlicho Investment Corp. to reduce diesel dependency.
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May 21, 2026 · 06:46