Stuhini Exploration Discovers New High-Grade Silver Mineralization, Sampling up to 456 oz/tonne (14,179 g/t) Silver
Stuhini Exploration Discovers New High-Grade
Silver Mineralization, Sampling up to 456
oz/tonne (14,179 g/t) Silver
VANCOUVER, BC
,
April 6, 2021
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhini
")
(TSXV: STU) (
USA
: STXPF) is pleased to announce the discovery of high-grade silver mineralization
at the newly identified Silver Surprise Target ("Silver Surprise"), on its Ruby Creek Project (the
"Property" or the "Project"). The discovery is approximately 5 kilometres ("km") northeast, and on
trend with the recently expanded Adera Corridor silver target (see
January 18
th
, 2021 news release)
and 3 km north of the Daybreak target.
Silver Surprise Highlights
12 rock samples taken with assay results ranging up to 14,179 grams/tonne silver ("g/t
Ag") Ag
to 391 g/t Ag.
All 12 samples were taken over a surface trace of approximately 170 metres ("m") and were of
quartz vein material ("QV").
The table below summarizes the Silver Surprise Samples
Sample ID
Sample Source
Ag g/t
Au g/t
Pb %
1869568
Subcrop (QV)
14,179
1.49
4.18
1905499
Felsenmeer (QV)
8,748
0.53
2.66
1905491
Felsenmeer (QV)
7,532
0.28
1.87
1869569
Subcrop (QV)
6,885
0.60
3.4
1905492
Felsenmeer (QV)
6,509
0.29
1.89
1869949
Felsenmeer (QV)
5,969
0.29
1.28
1905493
Felsenmeer (QV)
5,927
0.47
1.99
1905500
Felsenmeer (QV)
3,588
0.21
0.98
1905496
Felsenmeer (QV)
2,629
0.17
0.83
1905490
Felsenmeer (QV)
2,246
0.09
1.19
1905495
Felsenmeer (QV)
1,882
0.21
1.44
1905494
Felsenmeer (QV)
391
0.04
0.10
Dave O'Brien
, Stuhini's President and CEO commented:
"The discovery of such high silver grades
at surface and on trend with what could potentially be a continuation of the Adera Corridor is very
exciting. We continue to be pleased with the results from our summer 2020 exploration program
and we are looking forward to following up on this target and all other prospective targets
uncovered from last year's program."
Map exhibiting silver showing as Ruby Creek. (CNW Group/Stuhini Exploration Ltd.)
Geology
Mineralization consists of fine-grained sulfides and sulfosalts hosted in a quartz-carbonate vein. The
outcropping vein strikes NE-SW and is steeply dipping. The exact thickness of the mineralized zone
is unknown at this time as most mineralization is observed as subcrop or felsenmeer, but is
estimated to be comparable to the widths reported at the Atlin-Ruffner silver mine, approximately 1
to 3 metres wide. An additional 8 silver bearing rock samples were taken approximately 250 metres
south (6 samples) and 1200 metres northwest (2 samples) of the high-grade assays. Samples
assayed up to 208 g/t Ag and 13.73 % lead ("Pb") indicating the presence of additional silver
bearing structures within close proximity. Note that rock grab samples are selective by nature and
values reported may not represent the true grade or style of mineralization across the property. The
tables below summarize these additional samples.
250 metres south of Silver Surprise
Sample ID
Sample Source
Ag g/t
Au g/t
Pb %
1869570
Outcrop (QV)
208
0.003
13.73
1869573
Subcrop (QV)
166
0.062
4.39
1869571
Outcrop (QV)
39
0.001
0.30
1905497
Felsenmeer (QV)
23
0.005
0.04
1869572
Outcrop (QV)
19
0.013
0.14
1869574
Felsenmeer (QV)
13
0.001
0.28
1200 metres northwest of Silver Surprise
Sample ID
Sample Source
Ag g/t
Au g/t
Pb %
1996094
Felsenmeer (QV)
33.6
0.16
0.30
1996095
Felsenmeer (QV)
11.4
0.10
0.04
Daybreak Target:
Following up on last years results (see
September 4
th
, 2020 news release), the
exploration team were sent to further investigate the silver occurrences in this target area. Of the
rock samples taken, 14 of 73 samples assayed greater than 25 g/t Ag with one quartz vein sample
assaying 772 g/t of silver and 0.28 g/t gold. Five samples with notable silver are from the Daybreak
skarn showing.
A summary of select rock sample assays results is listed in the table below.
Sample
ID
Sample Source
Ag g/t
Au g/t
Cu %
Pb %
Zn %
1893454
Felsenmeer (QV)
772
0.28
0.09
1.04
0.08
1893473
Subcrop (QV)
201
0.64
0.34
0.02
0.01
1869613
Outcrop (QV)
148
0.25
0.15
0.19
0.02
1996291
Outcrop (skarn)
137
0.15
1.17
0.02
0.16
1869612
Outcrop (skarn)
136
0.11
1.61
0.02
0.14
1996285
Felsenmeer
(skarn)
82
0.02
1.72
0.00
2.04
QA/QC Protocol:
Rock material was collected in poly bags and then transported to the Bureau
Veritas sample preparation facility located in
Whitehorse
,
Yukon
. Samples were crushed and then
pulps were sent to the Bureau Veritas lab in
Vancouver
for assay. Four acid digestion and Ultratrace
ICP-MS analysis for 59 elements and fire assay for gold, platinum and palladium was performed on
all samples. Over-limit copper, lead, zinc and silver samples were analyzed by multi-acid digestion
and ICP-ES (MA370). Silver samples >1500 g/t were also analyzed by fire assay (FA530). All
results have passed the QA/QC screening by the lab.
Ruby Creek Project:
The 27,354-hectare Ruby Creek Project is road accessible and located 20
km east of
Atlin, BC
. There are 48 different documented mineral occurrences on the Property, of
which 16 are gold-related, with 4 active gold placer creeks. The Property also hosts the historic
Ruby Creek Molybdenum resource which has an intact BC Mines Act permit. Stuhini has an option to
acquire 100% of the Ruby Creek Project subject to a 1% Net Smelter Royalty.
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 focused on the exploration and development of precious
and base metals properties in western
Canada
with its focus on the Ruby Creek Property located
approximately 24 km east of
Atlin, BC
and the Que Property located approximately 70 km north of
Johnson's Crossing in the Yukon.
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; the affect of Covid-19 on the
Company's ability to conduct exploration; 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 Ltd.
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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 Ltd.
CNW 08:30e 06-APR-21