Stuhini Completes Airborne Geophysical Survey Over Big Ledge Zinc Property
Stuhini Completes Airborne Geophysical
Survey Over Big Ledge Zinc Property
VANCOUVER, BC
,
June 14, 2022
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or "
Stuhini
")
(TSXV: STU) is pleased to announce that SkyTEM Surveys Canada ("SkyTEM") has completed a
high resolution airborne geophysical survey at its Big Ledge zinc project (the "Project," "Property" or
"Big Ledge") located 57 kilometres ("km") south of
Revelstoke, BC
. The 50.93 square km survey
utilized SkyTEM's proprietary time domain electromagnetic ("TDEM") and magnetic survey system
which is attached to a helicopter. The results are used as an aid in mapping the geology and the
possible extensions of mineralization.
Preliminary maps from the survey reveal overlapping magnetic and electromagnetic signatures that
coincide with known occurrences of mineralization on surface. The overlapping signatures continue
across the property for ~14 km and are interpreted to represent the mineralized horizon and
demonstrates the potential for expanding the resource.
About the Big Ledge Zinc Project
The Big Ledge covers 5,093 hectares and is accessible by a forest service road from Highway 23.
The mineralization consists of sphalerite, pyrite, pyrrhotite, galena, with lesser chalcopyrite and
marcasite hosted in a highly folded assemblage of marble and quartzite known as the "Ledge Unit"
within the Shuswap metamorphic complex of the Proterozoic Monashee Group. Between 1948 and
1966, a total of 10,060 metres of drilling was completed by Cominco. The drilling intersected up to
60 metres of mineralization. Cominco reported a non-compliant estimated mineral reserve of
approximately 100 million tons of 4% zinc (with minor lead), including about 10 million tons of 7%
zinc. (
Esperanza Minerals Ltd. Summary Report, 1980 – Property Report 521764
). (A Qualified
Person for the purposes of National Instrument 43-101 ("QP") has not done sufficient work to
classify the historical estimate as a current mineral resource or mineral reserve. Stuhini is not
treating the historical estimate as a current mineral resource or mineral reserve, has not verified the
historical resource estimate and is not relying on it. Stuhini currently does not plan to conduct any
work to verify the historical reserve estimate).
Dave O'Brien
, Company President and CEO, commented; "We are pleased to see that the
geophysics matches the known mineralization and indicates that the mineralized horizon possibly
extends well beyond Teck Resources' crown grants, and onto the Company's claims surrounding the
crown grants. The projects location and its proximity to power and infrastructure makes Big Ledge a
very attractive zinc asset."
Qualified Persons
Andrew Wilkins
, P.Geo., a "Qualified Person" for the purposes of National Instrument 43-101, has
reviewed and approved the contents of this news release.
About SkyTEM
SkyTEM is a leading airborne geophysical survey company offering the acquisition and advanced
processing of TDEM, magnetic and radiometric data. Their TDEM survey technology has a unique
dual-moment capability to concurrently map in high resolution both shallow and deep geology.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on the exploration and development of it's base and
precious metal properties in western
Canada
. The Company's portfolio of exploration properties
includes: its flagship, the Ruby Creek Property, located approximately 20 km east of
Atlin, BC
; the
Que Project located approximately 70 km north of Johnson's Crossing in the
Yukon
; the South
Thompson Project located approximately 35 km northwest of
Grand Rapids, Manitoba
; and the Big
Ledge Property located approximately 57 km south of
Revelstoke, BC
.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities
legislation. . Such forward
looking statements concerning the Company's strategic plans 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 and geophysical interpretations from sampling and survey results; the
effect of Covid-19 on the Company's ability to conduct exploration and the performance of available
laboratory and other related services; the effects of both Covid-19 and the war in
Ukraine
on general
economic conditions, input costs and availability as well as oncommodity prices; 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: downturn in future price
estimates for commodities, 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;
relationships with and claims by local communities and
indigenous populations;
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.
Stuhini Completes Airborne Geophysical Survey Over Big Ledge Zinc Property (CNW Group/Stuhini
Exploration Ltd.)
Stuhini Completes Airborne Geophysical Survey Over Big Ledge Zinc Property (CNW Group/Stuhini
Exploration Ltd.)
SOURCE
Stuhini Exploration Ltd.
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For further information:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration
Ltd., Email: [email protected], Phone: (604) 835-4019, Web: www.stuhini.com
CO: Stuhini Exploration Ltd.
CNW 09:00e 14-JUN-22