Stuhini Exploration Commences the Phase I Exploration Program on its Metla Property and Provides Shareholder Update
Stuhini Exploration Commences the Phase I
Exploration Program on its Metla Property and
Provides Shareholder Update
VANCOUVER
,
July 2, 2019
/CNW/ - Stuhini Exploration Ltd. (the "Company" or "Stuhini") (TSX.V:
STU) is pleased to announce that it has started its phase I exploration program on its 6457 hectare
and 100% owned Metla property. The property is located in northwestern
British Columbia
. 30
kilometres northwest of the past producing
Golden Bear
gold mine (15,044,867 grams of gold and
1,716,107 grams of silver, Minfile Report
104K
079), and 20 kilometres southeast of Brixton Metals'
Au-Cu-Ag Thorn project.
In 2018, the Company contracted Geotech Inc. to conduct a VTEM airborne geophysical survey.
Initial results of the 2018 geophysical program can be found in the Company's NI43-101 Technical
Report dated
February 20th, 2018
on Sedar at
www.sedar.com
.
The Company has hired Mr.
Todd A. Ballantyne
, P.Geo., of in3D Geoscience Inc. to interpret the
airborne VTEM geophysical data. The newly interpreted data in conjunction with historical data will
be used to help guide the 2019 field program. The purpose of the current program is to refine drill
targets on the Metla Creek Zone and define potential new exploration targets.
Additionally, the Company has sent 36 rock samples collected during the 2018 field season to the
Bureau Veritas analytical lab to be assayed. Assay results from these samples have now been
received and will be released once they are compiled and reviewed by the companies Q.P.
(Qualified Person)
Results from the 2017 mapping, prospecting and sampling program confirms the historical data.
Some of the 2017 highlights include 21.3 g/t Au, 39 g/t Ag, 2.18% Cu from sample 1892554 in Zone
F, and 3.2 g/t Au, 37 g/t Ag, 20.03% Zn, 0.17% Cu from sample J953538 in Zone C. Results of the
entire 2017 sampling program can be found in the Company's Metla Property NI43-101 technical
report.
The Company also announces the payment of the 2 shareholder loans including interest using the
proceeds of the recent IPO offering, as disclosed in the prospectus.
David O'Brien
, president and CEO of Stuhini states;
"I am excited to see this promising exploration project moving forward. I would like to thank all of
those involved in the Company's recent successful IPO and corresponding listing as a tier 2 mining
Company on the TSX Venture Exchange. Without the dedicated hard work of this talented team, the
Company's IPO would not have come to fruition. I feel privileged to have been able to work with all
of these people."
This includes:
Graham Moore
,
Shannon Obara
and
Don Wong
at Haywood Securities
Zahra Ramji
at Haywood Council Getz Prince Wells
Bernie Poznanski
,
Wendy Lee
and the rest of the staff at Company council
Koffman Kalef
Alex Bayer
formerly of
Koffman Kalef
Brett Theunissen
and Andy Creetch at the TSX Venture Exchange
Julia Lam
and
Sandy Hunter
at our transfer agent TSX Trust
Gord Lam at Etruscus Resources
Barry Hanslit
and
Janet Miller
on the Company's advisory board
Andrew Wilkins
, P. Geo, the companies Qualified Person who authored the Metla Technical
Reports.
Lucia Theny
who co-authored the Company's Technical Reports
Tony Fogarassy
,
Gary Thompson
,
Kazuki Nohdomi
and
Fiore Aliperti
– the rest of the board of
directors of the Company
The Stuhini Executive team of
Charles Kamimura
and Yana Silina
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 primary focus on the
Metla property, located in northwestern
British Columbia, Canada
, approximately 150 kilometers
south of the town of
Atlin
.
The geological content of this news release has been approved by
Andrew Wilkins
, P. Geo., who is
a qualified person as defined under the terms of National Instrument 43-101.
Additional information on the Company and the Metla property can be found in the Company's
prospectus dated
Feb. 15, 2019
, as filed on SEDAR.
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.
CAUTIONARY NOTE: This news release contains certain forward-looking information and forward-
looking statements within the meaning of applicable securities legislation (collectively "forward-
looking statements"). The use of any of the words "will", "will be", "will have", "is expected to" and
similar expressions are intended to identify forward-looking statements. These statements involve
known and unknown risks, uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements. Such forward-looking
statements should not be unduly relied upon. Important factors that could cause actual results to
differ materially from the Company's expectations are the risks detailed herein and from time to time
in the filings made by Stuhini Exploration Ltd. with securities regulators. Those filings can be found
on the Internet at
http://www.sedar.com
.
We seek Safe Harbor
SOURCE
Stuhini Exploration
View original content:
http://www.newswire.ca/en/releases/archive/July2019/02/c7915.html
%SEDAR: 00046568E
For further information:
Dave O'Brien, President and CEO, Stuhini Exploration Ltd.,
[email protected], Phone: 604 418-4019, Web: www.stuhini.com
CO: Stuhini Exploration
CNW 13:52e 02-JUL-19