Impact: Very Positive
Sterling Metals reported the first assays from the maiden drill program at its now 100%-owned Sail Pond Ag-Cu-Pb-Zn project located on the Great Northern Peninsula of Newfoundland. Results from nine holes at the South Zone confirm that Sail Pond hosts high-grade Ag-polymetallic mineralization. These results validate the thesis we outlined in our initiation report that the company could make a brand-new discovery at Sail Pond with its maiden drill program. We believe continued positive results from the 25 holes at the lab and ongoing drilling could continue to re-rate the stock.