A transformative year for STLLR Gold

Marking a transformative year, 2024 saw STLLR Gold Inc. solidify its position as a leading Canadian gold developer through a strategic merger, advancing its cornerstone Colomac and Tower gold projects, and fostering community partnerships to drive its sustainability initiatives.

Announced in late November 2023 and finalized in early February 2024, the year began with a significant change as the merger between Nighthawk Gold Corp. and Moneta Gold Inc. brought together two near-development-stage Canadian companies.

The companies' flagship gold projects, Colomac on the expansive Indin Lake property in Northwest Territories, and Tower, situated in the prolific Timmins Mining Camp of Ontario, were united under a shared vision for advancement.

Together, these cornerstone assets provide STLLR Gold with a solid foundation for advancing its portfolio. While Colomac represents a high-potential asset in an emerging mining district, Tower offers established infrastructure and a proven track record within one of Canada's most prolific gold belts.

STLLR Gold Inc.

Preliminary economic assessments previously established for both projects underscore their potential: a mine at Colomac is projected to produce an average of 290,000 ounces of gold annually over 11 years, while Tower is estimated to yield 190,000 oz annually over the same period. Together, these advanced-stage Canadian projects position STLLR Gold to produce nearly half a million ounces of gold annually for more than a decade.

Shortly after finalizing its formation, STLLR Gold took a significant step toward improving operational efficiency and reducing its carbon footprint.

Partnering with the Tlicho Investment Corporation (TIC) and the Canadian Northern Economic Development Agency (CanNor), STLLR Gold launched a renewable energy initiative to power its Colomac camp with solar energy.

Developed in collaboration with Solvest Inc., the project includes the installation of solar panels, inverters, and battery storage systems, as well as training programs to equip local operators with the skills to maintain the infrastructure.

This renewable energy system is expected to transition the camp away from reliance on diesel fuel, reducing consumption by approximately 51,000 liters (13,500 gallons) annually – saving roughly C$87,000 (US$64,000) in fuel costs, excluding the significant expense of transporting diesel to the remote site, about 200 kilometers (125 miles) north of Yellowknife, Northwest Territories.

"TIC firmly believes that a thriving economy needs strategic investments and collaborative partnerships to build a sustainable future," said Tlicho Investment Corp. CEO Paul Gruner. "This project will contribute to our renewable energy capacity and will also serve as an exemplary model of sustainable development for the NWT and Canada as a whole."

While foundational changes were finalizing, STLLR Gold was not waiting around, as it had already begun advancing exploration activities aimed at expanding the resource potential of its Colomac gold project.

The 2024 drilling campaign focused on the southern zones of the Colomac Main deposit, specifically targeting underexplored areas within Zones 2.5, 3.0, and 3.5, where historical data suggested the potential for high-grade gold mineralization.

This program aimed to expand the known resource beyond the limits of the 2023 preliminary economic assessment (PEA), with geologists designing a series of drill holes to test these promising targets.

Completing 15 holes that targeted between 20,000 to 25,000 meters of drilling, initial results were encouraging, with visible gold intersected in Zone 2.5, including a standout interval of 41.5 meters averaging 1.97 grams per metric ton gold.

Further results uncovered additional high-grade intersections such as 59 meters averaging 1.23 g/t gold in Zone 2.5 and 99.4 meters averaging 1.12 g/t gold in Zone 3.0, underscoring not only the continuity of mineralization but also the potential for extending the resource at depth and along strike.

"Our 2024 exploration campaign at Colomac delivered results that exceeded expectations," said STLLR Gold President and CEO Keyvan Salehi. "Intersecting high-grade mineralization outside the current pit-shell underscores the opportunity to further enhance the project's economics as we advance toward updated resource estimates and feasibility studies."

With these successes, STLLR Gold reinforced Colomac's position as a cornerstone of its portfolio, paving the way for continued exploration and development in 2025.