Straightup Announces Commencement of Field Work on Belanger Gold Property, Red Lake District, Ontario
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STRAIGHTUP RESOURCES INC.
9285 203B Street
Langley, British Columbia V1M 2L9
Vancouver, British Columbia, (September 28, 2020)
“Straightup” or “the Company”: CSE: ST
STRAIGHTUP ANNOUNCES COMMENCEMENT OF FIELD WORK ON BELANGER
GOLD PROPERTY, RED LAKE DISTRICT, ONTARIO
The Company is pleased to announce that, further to its news release dated
September 9, 2020, Clark Exploration and Consulting has commenced compilation and
reinterpretation work of all of the available historical data (the "Program") on the
Company's Belanger gold property (the "Property") located in the Red Lake District,
Ontario.
The Program includes repatriating, re -logging and assaying historic drill core from
diamond drilling conducted in 2002 by King's Bay Gold Corporation . Initial work on the
Program has already commenced, with the historic drill core being relocated to Thunder
Bay, Ontario. This initial work is expected to assist the Company with additional sampling
and with the interpretation of the gold mineralization trends on the Property. Additional
work on the Pro gram will consist of a mapping and sampling program which will assist
the Company in defining potential diamond drill targets on the Property.
The Property is fully permitted for early exploration activities such as stripping, trenching,
line cutting and drilling.
Qualified Person
Garry Clark, P. Geo. 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. Clark is independent of 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 Divisi on
properties, Straightup intends to conduct exploration on the Hi -Mars Property. The Hi -
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
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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 activities on
the Propert y, the d iscovery 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 statements are reasonable, it can gi ve 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 occur 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 Program, the fact that the Company’s interest in the Property
is an option only and there is no guarantee that such interest, if earned, will be certain, the timing and
amount of estimated 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 governmental 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.
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.