Solid Gold Intersections Support STLLR's Strategy at the Hollinger Tailings Project

14.04.2025 | Newsfile

Solid Gold Intersections Support STLLR's Strategy at the Hollinger Tailings Project

Toronto, 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):

Zone	Hole ID	Assay Result
Hollinger	HTF25-013	0.66 grams per tonne gold ("g/t Au") over 23.40 metres ("m") (including 0.72 g/t Au over 20.03 m)
Hollinger	HTF25-004	0.52 g/t Au over 25.91 m (including 0.61 g/t Au over 19.05 m)
Hollinger	HTF25-017	0.50 g/t Au over 24.40 m (including 0.55 g/t Au over 7.60 m)
Hollinger	HTF25-020	0.53 g/t Au over 24.40 m (including 0.61 g/t Au over 18.50 m)
Hollinger	HTF25-022	0.59 g/t Au over 20.20 m
Hollinger	HTF25-024	0.55 g/t Au over 25.45 m (including 0.60 g/t Au over 21.90 m)
Hollinger	HTF25-033	0.50 g/t Au over 24.40 m (including 0.53 g/t Au over 9.15 m)
Hollinger	HTF25-040	0.54 g/t Au over 23.05 m (including 0.65 g/t Au over 6.50 m & 0.57 g/t Au over 9.15 m)
Hollinger	HTF25-127	0.55 g/t Au over 21.35 m (including 0.86 g/t Au over 3.80 m & 0.60 g/t Au over 8.35 m)

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 Act² 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

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

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Figure 3: Hollinger Characterization Program - Section "N-S"

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Figure 4: Hollinger Characterization Program - Section "E-W"

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Table 2: Hollinger Characterization Intercepts*

Target	Hole ID	From (m)	To (m)	Interval (m)	Grade (g/t Au)	Metal Factor (g/t Au x m)
Hollinger	HTF25-001	0.00	22.86	22.86	0.37	8.42
Hollinger	including	19.81	22.10	2.29	0.62	1.42
Hollinger	HTF25-002	0.00	23.62	23.62	0.46	10.78
Hollinger	including	12.19	21.72	9.53	0.57	5.43
Hollinger	HTF25-003	0.00	23.47	23.47	0.38	8.86
Hollinger	including	18.29	23.47	5.18	0.69	3.58
Hollinger	HTF25-004	0.00	25.91	25.91	0.52	13.57
Hollinger	including	1.52	20.57	19.05	0.61	11.54
Hollinger	HTF25-005	0.00	21.79	21.79	0.27	5.85
Hollinger	including	21.34	21.79	0.45	1.19	0.54
Hollinger	HTF25-006	0.00	23.62	23.62	0.50	11.86
Hollinger	including	9.14	22.86	13.72	0.64	8.76
Hollinger	HTF25-007	0.00	24.38	24.38	0.36	8.76
Hollinger	HTF25-008	1.52	22.10	20.58	0.27	5.57
Hollinger	HTF25-009	0.00	24.40	24.40	0.44	10.76
Hollinger	including	11.45	23.60	12.15	0.51	6.19
Hollinger	HTF25-010	0.70	22.85	22.15	0.34	7.50
Hollinger	HTF25-011	0.00	23.55	23.55	0.48	11.26
Hollinger	including	3.00	4.60	1.60	0.57	0.90
Hollinger	including	9.10	16.80	7.70	0.56	4.35
Hollinger	including	19.80	21.30	1.50	0.66	0.99
Hollinger	HTF25-012	1.00	23.45	22.45	0.34	7.74
Hollinger	including	19.75	22.60	2.85	0.64	1.83
Hollinger	HTF25-013	0.40	23.80	23.40	0.66	15.48
Hollinger	including	0.40	20.43	20.03	0.72	14.48
Hollinger	HTF25-014	0.00	23.55	23.55	0.39	9.08
Hollinger	HTF25-015	0.54	24.38	23.84	0.33	7.75
Hollinger	including	0.54	3.05	2.51	0.56	1.41
Hollinger	HTF25-016	0.00	23.55	23.55	0.41	9.59
Hollinger	including	15.25	19.80	4.55	0.53	2.41
Hollinger	HTF25-017	0.00	24.40	24.40	0.50	12.32
Hollinger	including	0.00	7.60	7.60	0.55	4.21
Hollinger	including	11.45	22.85	11.40	0.55	6.29
Hollinger	HTF25-018	0.40	28.95	28.55	0.48	13.79
Hollinger	including	0.40	19.05	18.65	0.51	9.58
Hollinger	including	24.40	27.45	3.05	0.74	2.25
Hollinger	HTF25-019	0.00	23.40	23.40	0.34	8.02
Hollinger	including	0.85	8.10	7.25	0.50	3.63
Hollinger	HTF25-020	0.00	24.40	24.40	0.53	13.03
Hollinger	including	4.90	23.40	18.50	0.61	11.35
Hollinger	HTF25-021	1.10	22.20	21.10	0.36	7.61
Hollinger	HTF25-022	0.00	1.25	1.25	0.46	0.57
Hollinger	and	3.80	24.00	20.20	0.59	11.90
Hollinger	HTF25-023	0.00	23.96	23.96	0.46	10.93
Hollinger	including	13.18	16.60	3.42	0.69	2.37
Hollinger	HTF25-024	0.00	25.45	25.45	0.55	13.89
Hollinger	including	0.00	21.90	21.90	0.60	13.16
Hollinger	HTF25-025	0.65	24.40	23.75	0.39	9.33
Hollinger	including	12.20	18.30	6.10	0.56	3.41
Hollinger	HTF25-026	0.75	24.52	23.77	0.44	10.40
Hollinger	including	0.75	5.75	5.00	0.58	2.89
Hollinger	including	20.65	23.58	2.93	0.59	1.73
Hollinger	HTF25-028	1.25	24.40	23.15	0.36	8.24
Hollinger	including	20.60	23.15	2.55	0.59	1.50
Hollinger	HTF25-029	0.00	24.40	24.40	0.42	10.24
Hollinger	including	2.10	4.10	2.00	0.57	1.13
Hollinger	including	8.80	10.10	1.30	0.58	0.76
Hollinger	including	13.15	16.75	3.60	0.54	1.94
Hollinger	HTF25-030	0.00	22.20	22.20	0.35	7.67
Hollinger	HTF25-033	0.00	24.40	24.40	0.50	12.12
Hollinger	including	0.00	9.15	9.15	0.53	4.88
Hollinger	including	19.80	20.50	0.70	1.22	0.85
Hollinger	including	21.35	23.80	2.45	0.68	1.65
Hollinger	HTF25-035	0.00	24.30	24.30	0.40	9.61
Hollinger	including	17.10	23.50	6.40	0.51	3.28
Hollinger	HTF25-037	0.00	24.47	24.47	0.34	8.40
Hollinger	HTF25-040	0.35	23.40	23.05	0.54	12.39
Hollinger	including	0.35	6.85	6.50	0.65	4.24
Hollinger	including	12.20	21.35	9.15	0.57	5.24
Hollinger	HTF25-041	0.45	23.70	23.25	0.30	7.06
Hollinger	HTF25-042	0.00	23.70	23.70	0.40	9.57
Hollinger	including	0.00	0.80	0.80	1.10	0.88
Hollinger	including	2.12	4.60	2.48	0.57	1.42
Hollinger	including	20.93	22.37	1.44	0.61	0.87
Hollinger	HTF25-043	1.10	24.00	22.90	0.34	7.86
Hollinger	HTF25-048	0.40	23.50	23.10	0.30	7.00
Hollinger	HTF25-050	0.70	24.40	23.70	0.36	8.46
Hollinger	HTF25-055	1.00	25.10	24.10	0.31	7.43
Hollinger	HTF25-109	0.00	6.80	6.80	0.43	2.90
Hollinger	and	9.40	20.30	10.90	0.49	5.37
Hollinger	including	11.00	20.30	9.30	0.51	4.74
Hollinger	HTF25-111	0.75	17.50	16.75	0.54	9.11
Hollinger	including	0.75	7.60	6.85	0.57	3.90
Hollinger	including	12.20	17.50	5.30	0.68	3.62
Hollinger	HTF25-113	0.00	17.60	17.60	0.40	7.10
Hollinger	including	11.75	17.60	5.85	0.52	3.03
Hollinger	HTF25-117	0.00	22.40	22.40	0.34	7.63
Hollinger	HTF25-119	0.00	21.65	21.65	0.34	7.45
Hollinger	HTF25-127	0.00	21.35	21.35	0.55	11.85
Hollinger	including	1.20	5.00	3.80	0.86	3.26
Hollinger	including	13.00	21.35	8.35	0.60	5.04
Hollinger	HTF25-131	0.00	23.80	23.80	0.39	9.23
Hollinger	including	0.00	3.70	3.70	0.58	2.13
Hollinger	including	18.30	23.80	5.50	0.55	3.04
Hollinger	HTF25-133	0.00	21.35	21.35	0.43	9.22
Hollinger	including	0.00	2.50	2.50	0.71	1.77
Hollinger	including	16.75	21.35	4.60	0.54	2.47
Hollinger	HTF25-135	0.00	21.10	21.10	0.42	8.90
Hollinger	including	0.00	2.00	2.00	0.53	1.06
Hollinger	including	19.80	21.10	1.30	0.86	1.11
Hollinger	HTF25-177	0.00	22.15	22.15	0.37	8.14
Hollinger	including	15.25	16.75	1.50	0.69	1.04
Hollinger	including	19.80	20.50	0.70	1.22	0.85
Hollinger	including	21.35	23.80	2.45	0.68	1.65
Hollinger	HTF25-035	0.00	24.30	24.30	0.40	9.61
Hollinger	including	17.10	23.50	6.40	0.51	3.28
Hollinger	HTF25-037	0.00	24.47	24.47	0.34	8.40
Hollinger	HTF25-040	0.35	23.40	23.05	0.54	12.39
Hollinger	including	0.35	6.85	6.50	0.65	4.24
Hollinger	including	12.20	21.35	9.15	0.57	5.24
Hollinger	HTF25-041	0.45	23.70	23.25	0.30	7.06
Hollinger	HTF25-042	0.00	23.70	23.70	0.40	9.57
Hollinger	including	0.00	0.80	0.80	1.10	0.88
Hollinger	including	2.12	4.60	2.48	0.57	1.42
Hollinger	including	20.93	22.37	1.44	0.61	0.87
Hollinger	HTF25-043	1.10	24.00	22.90	0.34	7.86
Hollinger	HTF25-048	0.40	23.50	23.10	0.30	7.00
Hollinger	HTF25-050	0.70	24.40	23.70	0.36	8.46
Hollinger	HTF25-055	1.00	25.10	24.10	0.31	7.43
Hollinger	HTF25-109	0.00	6.80	6.80	0.43	2.90
Hollinger	and	9.40	20.30	10.90	0.49	5.37
Hollinger	including	11.00	20.30	9.30	0.51	4.74
Hollinger	HTF25-111	0.75	17.50	16.75	0.54	9.11
Hollinger	including	0.75	7.60	6.85	0.57	3.90
Hollinger	including	12.20	17.50	5.30	0.68	3.62
Hollinger	HTF25-113	0.00	17.60	17.60	0.40	7.10
Hollinger	including	11.75	17.60	5.85	0.52	3.03
Hollinger	HTF25-117	0.00	22.40	22.40	0.34	7.63
Hollinger	HTF25-119	0.00	21.65	21.65	0.34	7.45
Hollinger	HTF25-127	0.00	21.35	21.35	0.55	11.85
Hollinger	including	1.20	5.00	3.80	0.86	3.26
Hollinger	including	13.00	21.35	8.35	0.60	5.04
Hollinger	HTF25-131	0.00	23.80	23.80	0.39	9.23
Hollinger	including	0.00	3.70	3.70	0.58	2.13
Hollinger	including	18.30	23.80	5.50	0.55	3.04
Hollinger	HTF25-133	0.00	21.35	21.35	0.43	9.22
Hollinger	including	0.00	2.50	2.50	0.71	1.77
Hollinger	including	16.75	21.35	4.60	0.54	2.47
Hollinger	HTF25-135	0.00	21.10	21.10	0.42	8.90
Hollinger	including	0.00	2.00	2.00	0.53	1.06
Hollinger	including	19.80	21.10	1.30	0.86	1.11
Hollinger	HTF25-177	0.00	22.15	22.15	0.37	8.14
Hollinger	including	15.25	16.75	1.50	0.69	1.04

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

Table 3: Hollinger Characterization Hole Details

Zone	Hole ID	Easting	Northing	Elevation	Az	Inclination	End of Hole Depth (m)
Hollinger	HTF25-001	476058.271	5367017.897	319.13	0	-90	27.43
Hollinger	HTF25-002	476111.428	5367018.618	319.98	0	-90	24.38
Hollinger	HTF25-003	476058.394	5366967.335	318.62	0	-90	24.38
Hollinger	HTF25-004	476107.471	5366967.749	320.65	0	-90	27.43
Hollinger	HTF25-005	476058.470	5366919.665	318.27	0	-90	24.38
Hollinger	HTF25-006	476107.334	5366917.795	318.33	0	-90	27.43
Hollinger	HTF25-007	476157.667	5367018.513	320.16	0	-90	27.43
Hollinger	HTF25-008	476109.276	5366868.437	318.05	0	-90	27.43
Hollinger	HTF25-009	476158.110	5366968.783	320.03	0	-90	27.40
Hollinger	HTF25-010	476208.523	5367017.901	320.76	0	-90	27.40
Hollinger	HTF25-011	476158.597	5366917.916	319.92	0	-90	30.50
Hollinger	HTF25-012	476208.190	5366968.418	320.57	0	-90	27.45
Hollinger	HTF25-013	476159.429	5366865.557	318.73	0	-90	30.74
Hollinger	HTF25-014	476209.837	5366918.549	320.22	0	-90	27.45
Hollinger	HTF25-015	476158.472	5366818.158	318.88	0	-90	27.45
Hollinger	HTF25-016	476207.958	5366867.491	319.87	0	-90	30.50
Hollinger	HTF25-017	476258.610	5367017.434	321.27	0	-90	24.40
Hollinger	HTF25-018	476209.887	5366817.337	319.53	0	-90	30.50
Hollinger	HTF25-019	476260.696	5366969.173	321.02	0	-90	27.45
Hollinger	HTF25-020	476207.610	5366767.193	318.62	0	-90	30.50
Hollinger	HTF25-021	476257.073	5366917.578	320.33	0	-90	24.40
Hollinger	HTF25-022	476205.456	5366720.228	318.43	0	-90	30.50
Hollinger	HTF25-023	476258.264	5366867.959	319.84	0	-90	45.74
Hollinger	HTF25-024	476312.276	5367021.227	322.10	0	-90	25.90
Hollinger	HTF25-025	476258.494	5366818.212	319.58	0	-90	30.50
Hollinger	HTF25-026	476309.304	5366967.641	321.60	0	-90	24.52
Hollinger	HTF25-028	476308.809	5366917.051	320.80	0	-90	24.40
Hollinger	HTF25-029	476257.967	5366717.963	318.76	0	-90	30.50
Hollinger	HTF25-030	476308.293	5366867.419	319.89	0	-90	27.45
Hollinger	HTF25-033	476357.495	5366968.406	322.10	0	-90	27.45
Hollinger	HTF25-035	476358.123	5366918.675	320.83	0	-90	27.45
Hollinger	HTF25-037	476356.756	5366867.840	319.98	0	-90	29.06
Hollinger	HTF25-040	476408.390	5366968.114	321.51	0	-90	27.45
Hollinger	HTF25-041	476357.605	5366767.274	318.94	0	-90	30.50
Hollinger	HTF25-042	476407.674	5366918.322	320.55	0	-90	27.59
Hollinger	HTF25-043	476358.101	5366717.715	318.64	0	-90	30.50
Hollinger	HTF25-048	476407.355	5366768.546	319.01	0	-90	30.68
Hollinger	HTF25-050	476407.480	5366718.880	318.46	0	-90	30.50
Hollinger	HTF25-055	476457.382	5366768.819	319.11	0	-90	27.45
Hollinger	HTF25-109	476255.827	5367068.343	320.62	0	-90	24.40
Hollinger	HTF25-111	476259.517	5367119.642	321.23	0	-90	18.30
Hollinger	HTF25-113	476208.123	5367118.270	320.31	0	-90	18.30
Hollinger	HTF25-117	476158.159	5367059.067	320.22	0	-90	24.40
Hollinger	HTF25-119	476158.026	5367119.900	320.50	0	-90	22.85
Hollinger	HTF25-127	476109.181	5367117.854	320.63	0	-90	22.85
Hollinger	HTF25-131	476060.802	5367069.475	320.11	0	-90	24.40
Hollinger	HTF25-133	476058.536	5367118.524	320.37	0	-90	21.35
Hollinger	HTF25-135	476061.086	5367165.586	320.71	0	-90	21.35
Hollinger	HTF25-177	476406.976	5366668.205	318.05	0	-90	30.50

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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248367

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