Stuhini Identifies Gold Target Areas at Ruby Creek and Samples up to 121 g/t gold
Stuhini Identifies Gold Target Areas at Ruby
Creek and Samples up to 121 g/t gold
VANCOUVER, BC
,
May 4, 2021
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhini
")
(TSXV: STU) is pleased to announce further results of its 2020 field program and identified gold
targets on its Ruby Creek Project (the "Project" or "Property" or "Ruby Creek") located 20
kilometres (km) east of
Atlin, BC
.
Highlights include the following grab samples:
121.34 grams/tonne ("g/t") Au and 2093 g/t Ag at Boulder Creek
34.08 g/t Au and 494 g/t Ag at Lakeview
6.03 g/t Au and 51.6 g/t Ag at Birch Creek
10.00 g/t Au and 768 g/t Ag at Ruby Creek Au
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.
Dave O'Brien
, Company President and CEO, commented;
"We are excited to add these new gold
targets to our exploration objectives and this futher exhibits the prospectivity of our Ruby Creek
tenures. None of these targets have seen any exploration work for several decades, thus we are
hopeful that new advances and increased breadth and resolution of modern geophysical and
geochemical methods will lead to further advancements."
Southwest Property Targets: Birch Creek, Boulder Creek, and Lakeview
The southwest portion of the Property includes the Birch, Boulder and Lakeview targets. Both Birch
and Boulder Creek were important placer creeks in the
Atlin
area with Boulder Creek being the third
largest gold producer in the area. Mineralization occurs in quartz veins hosted within the
Cache
Creek
complex.
i)
Birch Creek Target
The Birch Creek target includes the historic Little Edna showing. Previous operators focussed on the
more prominent north striking and steeply dipping gossanous structure hosting polymetallic base
metal sulfides and silver mineralization with no significant gold. During the 2020 field program, gold
mineralization was discovered in separate quartz veins on the periphery of the main Little Edna
structure. The gold mineralization is hosted within narrow, 5 to 20 cm wide, steeply dipping,
northeast striking, en echelon quartz-carbonate veins that appear to widen towards Birch Creek.
Birch Creek is interpreted to be a major fault and conduit for hydrothermal fluids responsible for the
placer gold in the area. Anomalous gold values were encountered in 3 of the 4 vein samples. The
samples were also anomalous in bismuth and tellurium and absent in base metal mineralization. The
highest grade samples taken 30 metres south of the Little Edna structure returned values of 6.03 g/t
Au and 51.6 g/t Ag. Table 1 summarizes the Little Edna samples.
Figure 1 - Map of Project Tenures and Gold Targets
Figure 1 - Map of Project Tenures and Gold Targets (CNW Group/Stuhini Exploration Ltd.)
Table 1 - Little Edna Assays (6 of 7 samples collected)
Little Edna Gold Veins
Sample ID
Sample Source
Au g/t
Ag g/t
Cu %
Pb %
Zn %
1905464
Outcrop
6.03
51.6
0.00
0.08
0.00
1905461
Outcrop
0.55
31.0
0.01
0.01
0.00
1905463
Subcrop
0.23
1.3
0.02
0.00
0.01
Little Edna Polymetalic Silver Structure
1905373
Outcrop
0.05
487
0.01
1.06
0.02
1905374
Outcrop
0.03
75.7
0.15
0.13
0.37
1905462
Subcrop
0.08
35.7
0.02
0.13
0.19
ii)
Boulder Creek Target
The Boulder Creek target is focused on gold mineralization in the vicinity of the historic Sunbeam
showing on the west side of Boulder Creek. Mineralization is found within quartz vein material that is
most likely hosted within the Cache Creek Complex. The Sunbeam showing is described in a
Minister of Mines Annual Report in 1904, and the exact location uncertain. To date, several angular
proximal float boulders of gold-bearing quartz have been found in the area with grades as high as
121.34 g/t Au and 2,093 g/t Ag and the previously reported 78 g/t Au and 1,282 g/t Ag (see
June
29, 2020
press-release). Further work on this compelling target is planned for the upcoming field
season.
Figure 2 - Gold & Silver Rock Sample Results, Southwest Property Area
Figure 2 - Gold & Silver Rock Sample Results, Southwest Property Area (CNW Group/Stuhini
Exploration Ltd.)
iii)
Lakeview Target
The historic Lakeview showing consists of gold bearing quartz veins hosted in intermediate to mafic
volcanic rocks of the Cache Creek Complex. The target has not received any significant exploration
since 1987. Samples in the 2020 program are from steeply dipping north-northeast trending quartz-
carbonate veins and assayed as high as 34.08 g/t Au and 494 g/t Ag. Table 2 summarizes the
Lakeview assays.
In addition to prospecting and rock sampling, 25 soil samples were collected along a line
perpendicular to a geophysical anomaly identified in the 2020 SkyTEM survey. Two gold in soil
anomalies have been recognized on this line, including a 100 metre long anomaly and a second
single sample anomaly at the very end of the line (see Figure 3 below). An expanded soil
geochemistry survey will be conducted over the areas of interest 2021 field season.
Table 2 - Lakeview Assays (19 of 29 samples collected)
Sample ID
Sample Source
Au g/t
Ag g/t
Cu %
Pb %
Zn %
1905471
Subcrop
34.08
494
0.00
0.03
0.01
1996438
Subcrop
25.95
420
0.00
0.03
0.01
1905472
Subcrop
19.8
238
0.00
0.01
0.01
1478133
Outcrop
15.44
303
0.00
0.57
0.07
1905473
Subcrop
14.61
187
0.00
0.00
0.01
1905468
Subcrop
13.27
167
0.00
0.10
0.01
1905469
Subcrop
10.06
189
0.00
0.33
0.01
1478134
Outcrop
8.92
197
0.00
0.01
0.01
1905470
Subcrop
7.14
191
0.00
0.41
0.00
1478132
Outcrop
6.15
167
0.00
0.25
0.07
1905467
Subcrop
2.54
40
0.00
0.04
0.00
1905478
Subcrop
0.76
26
0.00
0.06
0.00
1478128
Outcrop
0.36
0.5
0.00
0.00
0.00
1905304
Subcrop
0.35
5.3
0.00
0.00
0.00
1905480
Subcrop
0.33
2.1
0.00
0.00
0.00
1905466
Subcrop
0.27
102
0.00
1.00
0.00
1478127
Outcrop
0.22
6.0
0.00
0.02
0.00
1905231
Subcrop
0.12
0.2
0.00
0.00
0.01
1905465
Subcrop
0.11
1.8
0.00
0.00
0.01
Figure 3 -
Lakeview Gold
in Soil Geochemistry
Figure 3 - Lakeview Gold in Soil Geochemistry (CNW Group/Stuhini Exploration Ltd.)
Ruby Creek Gold Target
The Ruby Creek Gold target area begins approximately half a km east of the historic Adanac
molybdenum resource and extends into upper Ruby Creek. Ruby Creek was the fourth highest gold
producing creek in the Atlin Placer Camp.
Mineralization consists of gold, silver, lead, copper and tungsten in quartz veins, quartz vein
stockwork, and breccias hosted within the Surprise Lake Batholith. Assays of up to 10 g/t Au were
returned from the 2020 program (Table 3). The target area also encloses two historic diamond drill
holes from 2008. The two holes were part of the condemnation drilling for the proposed Adanac
open-pit molybdenum mine. The holes are more than 950 metres apart and intersected 76.2 metres
averaging 0.15 g/t Au and 73.2 metres averaging 0.21 g/t Au respectively (Table 4), including a 3
metre sample assaying 0.6 g/t Au. Both holes were drilled within the Surprise Lake Batholith.
Figure 4 – Select Gold & Silver Rock Sample Results, Ruby Creek Au Target Area
Figure 4 – Select Gold & Silver Rock Sample Results, Ruby Creek Au Target Area (CNW
Group/Stuhini Exploration Ltd.)
Table 3 - Ruby Creek Au Target Assays (18 of 46 samples)
Sample ID
Sample Source
Ag g/t
Au g/t
% Cu
% Pb
% Zn
% Mo
% WO3
1869576
Felsenmeer
768
10.0
1.06
0.99
0.04
0.001
1.59
1996460
Outcrop
17.4
7.82
0.04
0.10
0.01
0.001
0.04
1905043
Felsenmeer
305
3.97
0.06
2.73
0.03
0.008
0.00
1905037
Outcrop
290
3.84
0.12
5.17
0.04
0.062
0.00
1478184
Outcrop
296
3.19
0.10
1.02
0.04
0.000
17.09
1905050
Felsenmeer
28.8
2.73
0.14
0.05
0.00
0.001
0.04
1905032
Felsenmeer
39.1
1.74
0.08
0.08
0.00
0.002
0.71
1996473
Subcrop
4.8
1.53
0.23
0.01
0.00
0.006
0.44
1905036
Subcrop
96
1.19
0.10
1.93
0.24
0.018
0.26
1869599
Felsenmeer
31.0
0.86
0.02
0.09
0.01
0.000
0.02
1905038
Outcrop
571
0.71
0.04
2.86
0.00
0.004
0.03
1905045
Subcrop
18.4
0.56
0.08
0.07
0.01
0.002
0.15
1996472
Felsenmeer
225
0.48
0.26
0.44
0.00
0.007
0.32
1905049
Outcrop
13.7
0.36
0.12
0.01
0.02
0.001
0.03
1905047
Subcrop
25.5
0.30
0.11
0.01
0.00
0.000
0.05
1905041
Outcrop
4.6
0.30
0.00
0.02
0.00
0.013
0.01
1996451
Outcrop
15.6
0.24
0.02
0.12
0.00
0.001
0.09
1905039
Outcrop
4.7
0.11
0.01
0.05
0.01
0.370
0.03
Table 4 - Condemnation Drill Holes with Anomalous Gold Values (Adanac 2008)
Drill Hole ID
From (m)
To (m)
Interval (m)
Au (ppm)
Ag (ppm)
AD-390
22.9
99.1
76.2
0.15
0.42
Including
53.3
74.7
21.3
0.21
0.11
AD-393
184.4
257.6
73.2
0.21
0.28
In other Company news, Stuhini wished to announce that despite challenging weather, it has
successfully completed its recently announced 2021 SkyTEM airborne geophysical survey on key
remaining portions of its Ruby Creek Project. Company consulting geophysicist
Todd Ballantyne
will
be reviewing and compiling results in the coming months, which will help Company geologists define
exploration targets for the upcoming 2021 exploration program. The Company also wishes to
announce that it has received a 5 year drill permit for the Ruby Creek Project. Lastly, on
April 22
nd
the Company hosted it's first webinar with a series of live corporate presentations. A video recording
of the webinar has been posted on the home page of our website – we encourage those of you who
were not able to attend the presentations to view the recording so as to better appreciate and
understand the Company and its suite of assets.
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 were performed on
all samples. Over-limit copper, lead, zinc and silver samples were analyzed by multi-acid digestion
and ICP-ES (MA370). Conversion to WO3 % = W % x 1.2616. 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 20 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 09:00e 04-MAY-21