Solid Gold Intersections Support STLLR’s Strategy at the Hollinger Tailings Project (PDF)

TORONTO, Ontario, April 14, 2025 – STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (“STLLR” or the “Company”) is pleased to announce promising initial results from its characterization program at the Hollinger Tailings Project (“Hollinger”) in the Timmins Mining Camp in Ontario, Canada.

Key Takeaways from First Batch of Hollinger Characterization Results

·         Consistent Grades: Results confirmed uniform grade profiles across the drilled areas, with most holes intersecting mineralization throughout their length.

·         Gold Grades Warrant Further Studies: Most holes returned favourable grades that warrant advancing toward a mineral resource estimate and economic studies.

·         First Batch Overview: This batch includes 49 of a planned 400 holes targeting the northwest area of Hollinger. Assay results for the remaining holes are pending.

Table 1: Hollinger Characterization Program Assay Highlights (For more information see Tables 2 & 3 and Figures 1 to 4):

Keyvan Salehi, P.Eng., MBA, President, CEO, and Director of STLLR, commented: “We are thrilled with the initial results from Hollinger. Drilling in the northwest area of the project revealed consistent gold grades that warrant advancing toward a mineral resource estimate and economic studies. The uniform gold mineralization throughout the entire length of most holes suggest amenability for potential mining and milling, pending further technical studies.”

“This batch represents 49 holes of a planned 400 holes that have been completed at Hollinger. The sonic drills for the characterization program have been efficient and we will provide further updates as we receive the assay results in the coming weeks. Stay tuned.”

Hollinger Characterization Program

Located in southeast Timmins, Ontario, the Hollinger Tailings Project holds tailings from the historic Hollinger Mine, once the world’s largest gold mine. Operating from 1910 to 1968, it produced 19 million ounces of gold at an average grade of 9.9 grams per tonne.[1]  The site contains an estimated 50–60 million tonnes of tailings. Recent amendments to Ontario’s Mining Act[2] streamline permitting, enabling reprocessing of legacy tailings while promoting environmental remediation. With low capital requirements and favorable gold prices, the Company believes that Hollinger offers significant upside potential.

In February 2025, STLLR launched a characterization program to assess the project’s value, establish a path towards a mineral resource estimate, and gather information for a reclamation plan. Taking advantage of the favourable winter conditions, the Company has since completed approximately 10,000 m using sonic drills, with holes spaced by 50 m in a grid pattern. Initial assay results delivered consistent gold grades across multiple holes, providing compelling early evidence to support advancing toward a mineral resource estimate and further economic evaluation at today’s strong gold prices. Please review Figures 1 to 4 and Tables 1 to 3 for further context.  

Figure 1: Hollinger Characterization Program - Drill Location Map

 Figure 2: Hollinger Characterization Program – Drill Location Map Zoomed In

 Figure 3: Hollinger Characterization Program – Section “N-S”

 Figure 4: Hollinger Characterization Program – Section “E-W” 

Table 2: Hollinger Characterization Intercepts*

*Note: Included intercepts are calculated using a 0.5g/t Au cut-off and a maximum of 2 m internal dilutions  

Table 3: Hollinger Characterization Hole Details

Quality Control Procedures

Tailings core is collected by four-inch diameter continuous sonic coring. Tailings samples are cut, with half sent to ALS Laboratories Inc. (ALS) for drying to a maximum temperature of 60-degree Celsius. The samples are then sieved through a -180 µm screen (Tyler 80 mesh) to a 1.00 kg split of homogenize minus fraction material. A 50 g charge is Fire Assayed and analyzed using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish. ALS is an ISO 17025 accredited laboratory.  STLLR inserts independent certified reference material and blanks with the samples and assays routine pulp repeats, as well as completing routine third-party check assays at Bureau Veritas Commodities Canada Ltd.  

Qualified Person

John McBride, MSc., P.Geo., Vice President of Exploration for STLLR, who is the “Qualified Person” as defined by NI 43-101 for this project, has reviewed and approved of the technical disclosure contained in this news release.

About STLLR Gold

STLLR Gold Inc. (TSX: STLR; OTCQX: STLRF; FSE: O9D) is a Canadian gold development company actively advancing two cornerstone gold projects in Canada: The Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Each of these two projects has the potential for a long-life and large-scale operation and are surrounded by exploration land with favourable upside potential. STLLR’s experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.

Contact Us

STLLR Gold Investor Relations

+1 (416) 863-2105 | investors@stllrgold.com | www.STLLRgold.com 

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the potential advancement of Hollinger to a mineral resource estimate and economic studies, the timing of the remaining results from Hollinger, the continuing characteristics of the grade and mineralization profile of Hollinger, the amenability of Hollinger mineralization to mining and milling, and the upside potential of Hollinger. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “accelerate”, “add” or “additional”, “advancing”, “anticipates” or “does not anticipate”, “appears”, “believes”, “can be”, “conceptual”, “confidence”, “continue”, “convert” or “conversion”, “deliver”, “demonstrating”, “estimates”, “encouraging”, “expand” or “expanding” or “expansion”, “expect” or “expectations”, “fast-track”, “forecasts”, “forward”, “goal”, “improves”, “increase”, “intends”, “justification”, “leading”, “plans”, “potential” or “potentially”, “pro-forma”, “promise”, “prospective”, “prioritize”, “reflects”, “re-rating”, “robust”, “scheduled”, “stronger”, “suggesting” or “suggests”, “support”, “updating”, “upside”, “will be” or “will consider”, “work towards”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”.

Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of STLLR to be materially different from those expressed or implied by such forward-looking information, including risks associated with required regulatory approvals, the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, the ongoing wars and their effect on supply chains, environmental risks, pandemic risks, permitting timelines, capex, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company’s Annual Information Form for the year ended December 31, 2024, available on www.sedarplus.ca. Although STLLR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. STLLR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

[1] Hollinger Historical Production Statistics, Geology Ontario database: https://www.geologyontario.mines.gov.on.ca/persistent-linking?mineral-inventory=MDI42A06NW00007  

[2] Ontario’s new “Mining Act for Recovery of Minerals” regulation to be in effect July 1, 2025. For more details:  https://news.ontario.ca/en/release/1005407/ontario-supporting-recovery-of-residual-metals-and-minerals