Vancouver, B.C. February 16, 2011 Lori McClenahan, President, St. Elias Mines Ltd. (SLI – TSX:V) (“St. Elias” or the “Company”), is pleased to announce that the Company has received 3D data and images generated from Quantec Geoscience Limited (“Quantec”) with respect to the Stage 2 Titan 24 survey conducted at the Tesoro Gold Project (the “Property”) in Peru.
Work is continuing by Company consultants, an independent engineering firm and Quantec to interpret all data received from both Phases of the Titan 24 Surveys. This work includes but is not limited to “stitching or splicing” the 3D images into a single image that covers the entire Tesoro Project, and constraining (correlating) the 3D geophysical data to known geological structure, gold mineralization, geology and alteration.
Results will follow shortly.
For further information on the Stage 2 Titan 24 survey please refer to Company news release dated September 16, 2010 (SLI News Release 2010-36) or the current 43-101 report available on SEDAR.COM.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada) or contact:
European Investor Relations U.S. Investor Relations
Nicholas Fuller Herbert
Haft Nick Fuller & Associates
The Haft Group, Inc.
Tel: (212) 759-8865
ST. ELIAS MINES LTD.
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