“Straightup” or “the Company”: CSE: ST STRAIGHTUP ENGAGES EXPLORATION CONSULTANT TO COMPILE AND REINTERPRET HISTORICAL DATA ON RLX NORTH, RLX SOUTH AND BELANGER PROPERTIES, RED LAKE DISTRICT, ONTARIO The Company is pleased to announce that it has engaged Clark Exploration and
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STRAIGHTUP RESOURCES INC.
9285 203B Street
Langley, British Columbia V1M 2L9
Vancouver, British Columbia, (September 9, 2020)
“Straightup” or “the Company”: CSE: ST
STRAIGHTUP ENGAGES EXPLORATION CONSULTANT TO COMPILE AND
REINTERPRET HISTORICAL DATA ON RLX NORTH, RLX SOUTH AND
BELANGER PROPERTIES, RED LAKE DISTRICT, ONTARIO
The Company is pleased to announce that it has engaged Clark Exploration and
Consulting to compile and re interpret all of the available historical data (the “Program”)
on the Company ’s RLX North, RLX South and Belanger properties (the “Properties”),
which comprise its Red Lake district property package. Collectively, the Properties form
a contiguous land package of over 10,000 hectares partially surrounding Great Bear
Resources Ltd.’s Sobel property (see news release dated August 6, 2020).
Readers are cautioned that the Company has no interest in or right to acquire any interest
in the Sobel property and that mineral deposits, and the results of any mining thereof, on
adjacent or similar properties are not indicative of mineral deposits on the Company’s
properties or any potential exploitation thereof.
For the Belanger property, the Program will include repatriating, re-logging and assaying
of historic drill cores from drilling conducted in 2002 by King’s Bay Gold Corporation. In
addition, a mapping and sampling program will be undertaken to define other possible
drill targets on the Belanger property. The portion of the Program conducted on the RLX
North and RLX South properties will involve a compilation of all historical data to help
direct a detailed mapping and sampling program.
The Properties are fully permitted for early exploration activities such as stripping,
trenching, line cutting and drilling.
Qualified Person
John E. Hiner, Licensed Geologist and Registered Member of SME (Society for Mining,
Metallurgy & Exploration), a qualified person as defined by NI 43 -101, has reviewed the
scientific and technical information that forms the basis of this news release and has
approved the disclosure herein. Mr. Hiner is not independent of the Company as he is a
director of the Company, and holds stock options in the Company.
About Straightup Resources
Straightup is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Canada. Its objective is to locate and develop economic precious and
base metal properties of merit . In addition to exploration of its Red Lake Division
properties, Straightup intends to conduct exploration on the Hi -Mars Property. The Hi -
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Mars Property consists of 11 contiguous mineral titles covering an area of 1,788 hectares
located approximately 17 kilometres northeast of the City of Powell River in the southwest
British Columbia, Canada, within the Vancouver Mining Division.
On Behalf of the Board of Directors
Matthew Coltura
Chief Executive Officer, President and Director
For further information, please contact:
Matthew Coltura
Chief Executive Officer, President and Director
(778) 886-6200
Forward-Looking Statements:
This news release includes certain forward -looking statements and forward -looking information
(collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included herein including, without limitation,
statements regarding anticipated exploration activities and program results from exploration act ivities on
the Properties, the discovery and delineation of mineral deposits/resources/reserves and the anticipated
business plans and timing of future activities of the Company, are forward -looking statements. Although
the Company believes that such stat ements are reasonable, it can give no assurance that such
expectations will prove to be correct. Often, but not always, forward looking information can be identified
by words such as “pro forma”, “plans”, “expects”, “will”, “may”, “should”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative
variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might
or will oc cur or be taken or achieved. Forward -looking statements are based on certain assumptions
regarding the Company including, without limitation , that market fundamentals will result in sustained
precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory
approvals in connection with the future exploration and development of the Company ’s projects in a timely
manner, the availability of financing on suitable terms for the exploration and development of the Company’s
projects and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to differ materially from any future
results, performance or achievements expressed or implied by the forward-looking statements. Such risks
and other factors include, among others, statements as to the anticipated business plans and timing of
future activities of the Company, including the recommended exploration work on the Properties, the fact
that the Company’s interest in the Properties is an option only and there is no guarantee that such interest,
if earned, will be certain, the timing and amount of es timated future production, the costs of production,
capital expenditures, the costs and timing of the development of new deposits, requirements for additional
capital, future prices of gold, changes in general economic conditions, changes in the financial markets and
in the demand and market price for commodities, accidents, labour disputes and other risks of the mining
industry, the ability of the Company to obtain sufficient financing to fund its business activities and plans,
delays in obtaining governme ntal and regulatory approvals (including of the Canadian Securities
Exchange), permits or financing, risks relating to epidemics or pandemics such as COVID –19, including
the impact of COVID–19 on the Company’s business, financial condition and results of operations, changes
in laws, regulations and policies affecting mining operations, the Company ’s limited operating history,
currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as other risks and
uncertainties disclosed in the Company’s latest Management’s Discussion and Analysis and other filings of
the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s
profile on the SEDAR website at www.sedar.com.
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Readers are cautioned not to place undue reliance on forward -looking statements. The Company
undertakes no obligation to update any of the forward -looking statements in this presentation or
incorporated by reference herein, except as otherwise required by law.