Northwire Canada EditionMonday, August 10, 2026
Northwire
SCD 0.195 +0.0% LXE 0.145 +0.0% SIG 0.980 +0.0% NOBL 0.100 +0.0% S 0.210 +0.0% ZEN 0.920 +0.0% CNT 0.045 +0.0% TNR 0.280 +0.0% TOM 0.140 +0.0% STGO 1.53 +0.0% LBNK 0.700 +0.0% SLI 3.35 +0.0% LGO 0.990 +0.0% TBK 0.350 +0.0% DNG 6.68 +0.0% LIB 0.890 +0.0% SCD 0.195 +0.0% LXE 0.145 +0.0% SIG 0.980 +0.0% NOBL 0.100 +0.0% S 0.210 +0.0% ZEN 0.920 +0.0% CNT 0.045 +0.0% TNR 0.280 +0.0% TOM 0.140 +0.0% STGO 1.53 +0.0% LBNK 0.700 +0.0% SLI 3.35 +0.0% LGO 0.990 +0.0% TBK 0.350 +0.0% DNG 6.68 +0.0% LIB 0.890 +0.0%
Drill Results Routine +

STLLR Gold Intersects 12.46 g/t Au over 16.17 m and 18.62 g/t Au over 5.30 m at the Jonpol Deposit of the Tower Gold Project and Provides Exploration Plans for the Remainder of 2026

STLLR’s final H1 Jonpol assays add high-grade ounces to the open-pit expansion narrative without setting a new metal-factor record.

Executive Summary

STLLR Gold Inc. has released the final assay results from the first half of 2026 drilling program at the Jonpol Deposit, part of the Tower Gold Project in Timmins, Ontario. The company highlighted several key intercepts, including hole MGA26-281, which returned 12.46 g/t Au (12.10 g/t cut) over 16.17 m, with a true thickness of 7.99 m. Another significant result came from MGA26-282, which intersected 18.62 g/t Au (15.14 g/t cut) over 5.30 m, representing a true thickness of 3.44 m.

Additional holes reported included MGA26-278, which returned 9.14 g/t Au over 5.80 m, including a higher-grade interval of 14.82 g/t over 3.39 m. Hole MGA26-279 returned 5.57 g/t Au over 7.19 m, including 11.44 g/t over 3.03 m. Other results included low-grade intervals in MGA26-280, 2.24 g/t over 7.40 m in MGA26-283, 1.15 g/t over 2.00 m in MGA26-284, and 1.21 g/t over 4.65 m in MGA26-285.

All reported intervals were calculated using a 0.30 g/t Au cut-off, a maximum of 5 m internal dilution, and a 25 g/t Au cap. True thicknesses were calculated using Leapfrog Geo software. Looking ahead, STLLR Gold Inc. announced plans for approximately 15,000 m of drilling in the remainder of 2026 at the Jonpol, 903, and Garrcon deposits, aimed at converting inferred resources and expanding high-grade mineralization.

Material Impact

For a junior explorer with a large resource base but no production, drill results are the primary value driver. The Jonpol deposit and its high-grade potential have been well-telegraphed since April 2026, with multiple releases of +10 g/t intercepts. The market already priced the discovery of high-grade shoots when MGA26-268 was reported in June 2026, at which point the stock rose from ~$1.30 to $1.50, though it later gave back gains.

Today’s news does not break new ground: there is no new deposit, no step-change in grade or thickness, and no maiden resource expansion. It serves as the final wrap-up of a successful H1 campaign, confirming the model and adding more high-grade ounces. The additional ~15,000 m for H2 keeps the exploration story alive, but that is a forward-looking plan, not a new discovery.

The chart shows the stock bouncing from ~$1.30 support after the Aug 4 results and reaching $1.49 by Aug 7. Today’s release will likely sustain interest but is unlikely to re-rate the stock materially; the metal factor of the headline holes is below the prior record, and the narrative is already “Jonpol is high-grade and growing.”

STLR · Price
Company Overview

STLLR Gold Inc. (TSX: STLR, OTCQX: STLRF) is a Canadian gold exploration and development company with a portfolio centered on the flagship Tower Gold Project in Timmins, Ontario. The project holds an Indicated resource of 4.0 moz Au (0.89 g/t) and an Inferred resource of 7.0 moz Au (1.08 g/t) across open-pit and underground areas. A 2025 Preliminary Economic Assessment (PEA) outlines a 19-year mine life with average production of 273 koz/yr, an All-In Sustaining Cost (AISC) of US$1,537/oz, and a NPV5% of US$2.5B at a gold price of US$3,200/oz.

The company also owns the Colomac Gold Project in the Northwest Territories, which contains an Indicated resource of 3.0 moz Au (1.77 g/t) and an Inferred resource of 0.8 moz Au (2.17 g/t). A 2023 PEA for Colomac indicates an 11-year mine life, 290 koz/yr average production, an AISC of US$828/oz, and a NPV5% of US$1.59B at US$2,000/oz gold. Additionally, the Hollinger Tailings Project has defined a maiden Indicated resource of 412 koz Au (0.41 g/t) in tailings. Permitting is underway under Ontario’s new Recovery of Minerals regime, which offers potential for near-term cash flow.

STLLR Gold Inc. has 151.4M shares outstanding and held C$36M in working capital as of Q1 2026. Notable shareholders include Eric Sprott with a 15% stake and Agnico Eagle with an 11% stake.

Read the original news release →

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