AFR NuVenture Resources Inc. (TSXV: AFR) is excited to announce the acquisition of a Mineral Exploration License for a promising property located near the renowned Stirling Mine in Richmond County, Nova Scotia. The license, granted through AFR’s director and Qualified Person (QP), Doug Hunter, enables the company to conduct mineral exploration activities, excluding coal, uranium, and geothermal resources, for a duration of up to 24 months.
The Property, situated near Mary Anns Lake and the historic Stirling (Mindamar) Mine on Cape Breton Island, comprises 14 claims totaling 224 hectares (560 acres). This area encompasses a blind mineralized zone discovered over 30 years ago during a prior drilling program. The zone, up to 80 meters wide, reveals exceptionally high silver assays, accompanied by copper and lead. AFR’s extensive in-house experience in the Stirling Belt and its mineral potential drove the recent acquisition of this strategically located property.
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Located 1500 meters southeast of the Stirling Mine, the Property shares a geological similarity with the former operating mine. The Stirling Mine, a poly-metallic massive sulphide (VMS) deposit, played a crucial role as a base and precious metals producer in Nova Scotia during the 1930s and 1950s.
The Stirling Mine’s massive sulphide lenses collectively yielded over one million tonnes of ore with impressive grades, including 6.3% Zn, 1.5% Pb, 0.8% Cu, 74g/t Ag, and 1.1g/t Au. Despite ceasing operations in 1956, the Stirling Mine and volcanic belt have seen sporadic exploration due to challenging terrain, limited outcrop, and conductive glacial till covering the Stirling belt.
Doug Hunter, the QP, expressed his belief in the underexplored potential of the Stirling Belt, stating, “We can see renewed enthusiasm for its potential for a new polymetallic discovery.”
CEO John O’Donnell expressed his satisfaction with the acquisition, highlighting the Property’s accessibility and the mining-friendly jurisdiction of Nova Scotia. O’Donnell credited the astute actions of Doug Hunter in acquiring the Property, emphasizing its freedom from option payments, royalties, or other non-governmental encumbrances.
Details of AFR’s exploration program for the Property will be unveiled upon full development, with work expected to commence pending favorable weather and ground conditions.
