Stuhini Announces Results from the Ruby Creek Property
Stuhini Announces Results from the Ruby
Creek Property
VANCOUVER
,
Jan. 22, 2020
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhin
i")
(TSX-V:
STU)
is pleased to announce completed compilation of assay results from its
August 2019
due
diligence examination of the recently optioned Ruby Creek Property ("
Ruby Creek
" or the
"
Property
").
Highlights
Encouraging mineralization on all portions of the property examined.
Up to 5.32 grams per tonne (g/t) gold, 1172 g/t silver, 0.45% copper, 6.37% zinc and >10%
lead from surface grab samples taken from outcrop peripheral to the historic Adanac
molybdenum resource.
Up to 7.5 g/t gold, 477 g/t silver and 0.7% copper from surface grab samples from the Ruby
East area.
Up to 0.9 g/t gold and 17 g/t silver from surface grab samples from the Boulder/
Birch Ridge
.
Dave O'Brien
, CEO noted "We are pleased with the Ruby Creek Reconnaissance results, especially
considering these were unplanned exploration days due to inclement weather conditions which
prevented us from mobilizing our crews to the Metla property as originally planned. What is
compelling is the close proximity of these encouraging
Pitt North
sampling results to the edge of the
historic proposed molybdenum pit. The compiling of these assay results confirms the gold and silver
potential for the area and the current "working hypothesis"."
The Ruby Creek property is located in the historic
Atlin
placer gold camp. Placer gold was
discovered in the area in 1898. The largest Canadian gold nugget was also found in the
Atlin
area.
Five placer creeks drain the Ruby Creek property. To date, the hard rock source for the placer gold
has not been found. The Property is also the location of the undeveloped historical Adanac
molybdenum deposit. Stuhini proposes that the geologic model for the area is an "Intrusion Related
Gold system" with the Surprise Creek batholith being the hydrothermal mineralizing system
responsible for depositing the granitic hosted Adanac molybdenum deposit and potentially sheeted
gold veins peripheral to the intrusion and more distal gold within major structures in the surrounding
host rocks.
The results from the limited summer program are encouraging with anomalous rock samples and soil
samples from the four areas visited. A total of 75 surface rock samples and 8 surface soil samples
were taken over the course of the program.
Pit North
The Pit North area is located immediately north of the proposed historic pit for the Adanac
molybdenum deposit. Mineralization appears to be related to a shear zone that coincides with a
creek valley northeast of Moly Lake, where 20 rock and 2 soil samples were taken. Sulfide bearing
quartz veins, silicified mineralized breccia as well as mineralized diorite and granite was sampled
within a 450 metre (m) x
250 m
area. The two soil samples were anomalous in copper, lead, zinc
and silver.
The following table highlights some of the samples from the Pit North area.
Sample
Number
Gold (g/t)
Silver (g/t)
Copper (%)
Lead (%)
Zinc (%)
1893071
0.51
808
0.14%
2.59%
0.95%
1893072
0.47
102
0.05%
1.05%
1.32%
1893073
0.21
52
0.03%
0.67%
1.27%
1893076
3.53
98
0.23%
1.82%
6.37%
1893077
2.27
1172
0.15%
>10.00%
5.10%
1893078
2.40
161
0.41%
3.40%
0.92%
1893080
0.13
150
0.04%
2.00%
0.15%
1893081
2.49
95
0.04%
0.66%
0.36%
1893118
5.32
45
0.05%
0.13%
0.00%
1893119
4.05
356
0.45%
2.75%
2.16%
Of the 20 samples, 13 assayed greater than 0.1 g/t gold and 6 greater than 2 g/t gold. Sample
1893119 was described as comprised of 40% sulfide including galena, arsenopyrite, chalcopyrite
and wolframite in an extensional quartz vein. The sample ran 4.0 g/t gold as well as 356 g/t silver
and 0.45% copper. Proximal float sample 1893118 returned assayed values of 5.32 g/t gold.
All but one sample assayed greater than 1 g/t silver of which 8 assayed greater than 90 g/t silver.
Sample 1893077 assayed 1,172 g/t silver and was described as a fine grained greyish white
laminated quartz boulder with galena, pyrite and chalcopyrite. This sample also assayed 2.27 g/t
gold, 0.15% copper, over 10% lead and 5.10% zinc. Another significant silver sample was 1893071,
a gossanous quartz sulfide breccia in granite boulder which was host to galena, arsenopyrite,
sphalerite and tetrahedrite and returned assays of 808 g/t silver as well as 0.14% copper and
2.59% lead.
Copper was also anomalous with 18 of 20 samples assaying greater than 100 ppm copper and 5
samples greater than 0.1% copper including two samples of 0.4% copper. Sample 1893079 was a
random composite sample of 20-80 cm quartz vein in outcrop with banded euhedral quartz and
sulfides including pyrite, galena, sphalerite and possible arsenopyrite.
Ruby East
Nineteen (19) rock samples were collected from the topographic high immediately north of Cracker
creek and east of Ruby creek proximal to the Pato 2 and Daybreak "Wrigglite" showings. Most of
the area is covered with sub-cropping scree. Samples were of the scree and returned anomalous
gold assays with six samples greater than 0.1 g/t gold. Sample 1893155, a quartz vein hosted in a
coarse grained quartz monzonite boulder, assayed 7.5 g/t gold.
Silver was also moderately anomalous in the area with 12 samples greater than 1 g/t. Sample
1893053, a light green and grey skarn boulder with quartz veining, ran 477 g/t of silver, 1.6 g/t gold
and 0.10% copper. Eight (8) samples assayed greater than 100 ppm copper, five of which were
greater than 0.1% copper up to 0.7% in sample.
Boulder/
Birch Ridge
Eighteen samples were collected from the ridge between Birch and Boulder Creek proximal to the
Lakeview showing. Samples were a mix of quartz veins, silicified breccia and altered granite. These
samples returned assays with moderate gold and silver values with four samples assaying greater
than 0.1 g/t gold and 7 samples greater than 1 g/t silver. Sample 1893114 assayed 0.9 g/t gold and
17 g/t silver. Sample 1893109 assayed 0.7 g/t gold and 17 g/t silver. Both samples were described
as being rusty box-work weathered quartz veins hosted in
Cache Creek
terrane.
Western Ruby
In the western part of the property, six soil samples were collected in overburden using a 6 inch
carbide tipped auger mounted on a Caterpillar skid steer loader. Samples were taken from the
soil/bedrock interface. One sample assayed 0.28 g/t gold and 1.8 g/t silver.
Additional information on the Company and the Metla Property can be found in the Company's
prospectus dated
February 15, 2019
, as filed on SEDAR. Additional information on the Ruby Creek
Property can be found in the Ruby Creek Technical Report filed on SEDAR on
November 7, 2019
.
The geological content of this news release has been reviewed and approved by
Andrew Wilkins
, P.
Geo., a qualified person as defined under the terms of National Instrument 43-101.
About Stuhini Exploration Ltd
.
Stuhini is a mineral exploration Company that is focused on the exploration and development of
precious and base metal properties, with its focus on the Metla Property, located in northwestern
British Columbia, Canada
, approximately 150 kilometres south of the town of
Atlin
and the Ruby
Creek Property located approximately 24 kilometres east of
Atlin
.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities
legislation. Such forward
looking statements concern the Company's strategic plans, timing and
expectations for the Company's exploration and drilling programs, estimates of mineralization from
sampling, and geological information projected from sampling results. Such forward
looking
statements or information are based on a number of assumptions, which may prove to be
incorrect. Assumptions have been made regarding, among other things: conditions in general
economic and financial markets; accuracy of assay results; geological interpretations from
sampling results, timing and amount of capital expenditures; performance of available laboratory
and other related services; and future exploration costs. The actual results could differ materially
from those anticipated in these forward
looking statements as a result of the risk factors including:
the timing and content of work programs; results of exploration activities and development of
mineral properties; the interpretation and uncertainties of sampling results and other geological
data; receipt, maintenance and security of permits and mineral property titles; environmental and
other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of
funds and general market and industry conditions. Forward-looking statements are based on the
expectations and opinions of the Company's management on the date the statements are made.
The assumptions used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of the date the
statements were made. The Company undertakes no obligation to update or revise any forward-
looking statements included in this news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE
Stuhini Exploration
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http://www.newswire.ca/en/releases/archive/January2020/22/c6599.html
%SEDAR: 00046568E
For further information:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration
Ltd., Email: [email protected], Phone: (604) 418-4019, Web: www.stuhini.com
CO: Stuhini Exploration
CNW 09:25e 22-JAN-20