Stuhini Identifies Multiple Silver Targets at Ruby Creek
Stuhini Identifies Multiple Silver Targets at
Ruby Creek
VANCOUVER, BC,
Sept. 4, 2020
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhin
i")
(TSXV: STU) announces that is has identified 3 high priority silver targets at the Ruby Creek Project
(the "
Property
" or "
Project
") located 20 kilometres (km) east of
Atlin, BC
.
The prospective silver targets were generated as a result of on-going compilation and review of
historic exploration data this past winter by Company geologists along with results from due
diligence conducted on the property and a recent SkyTEM airborne geophysical survey.
Dave O'Brien
, Company President and CEO commented: "With the recently completed Technical
Report on the gold prospectivity and the historical Adanac molybdenum deposit, the Ruby Creek
Project has historically been viewed as a gold and molybdenum property. However, geologist data
compilation over the past winter coupled with last year's diligence visits and this year's prospecting
programs have highlighted that the silver prospectivity of the property is becoming more evident.
Company geologists and field assistants are currently in the process of ground truthing, geological
mapping, soil sampling, rock sampling and trenching selected targets. The recently completed
SkyTEM airborne geophysical is proving to be a valuable tool in helping to guide the structural
interpretation and in prospecting targets within the property. Samples collected thus far have been
sent to assay labs in
Whitehorse
and assay results are expected soon."
Ruffner Area
The Ruffner area is located in the northwestern portion of the tenures immediately east and south of
the past producing
Atlin Ruffner
silver mine. The mine was an intermittent producer from 1916 to
1981, with an average grade of 0.42 gram per tonne (g/t) gold, 267 g/t silver and 5% combined
lead-zinc. Historic unclassified reserves from the two zones from which underground development
and production took place are 113,638 tonnes grading 600 g/t silver and 5.0% lead (
MINFILE
No 104N 011
- assessment report 18646 dated
July 1985
). These are historical estimates for
which a qualified person has not done sufficient work to classify as current mineral resources or
mineral reserves. The Company is not treating this information as current mineral resources or
reserves, has not verified this information and is not relying on it. The Company currently does not
plan to conduct any work to verify the historical estimates other than using it to guide its exploration
work.
The identified mineralized bearing structures extend eastward onto Stuhini's claims and numerous
mineralized zones have been discovered including the Brenda, Wheelbarrow,
Vulcan
, Wolf, Wallis
and Hopeful prospects.
Adanac Moly Deposit (Drill Hole AD-408) and
Adera Zone
While reviewing assay data and drill logs from the historic Adanac molybdenum resource drilling, it
was noted that a strong northeast trend of significant anomalous silver, gold, copper, lead, zinc,
arsenic, cadmium and antimony occurred in the northern part of the drilled deposit. In particular, drill
hole AD-408 and AD-409, drilled by Adanac Molybdenum Corp., as reported in a Mineral Resource
Update Report dated
May 28, 2009
prepared by Golder Associates, had 3.05 metre intersections
greater than the detection limit of 200 grams per tonne silver. Drill hole AD–408 also had five 3.05
metre intersections with greater than the detection limit of 1% for both lead and arsenic. The hole
assayed 74.5 g/t silver, 0.945 g/t gold, 0.07% copper, 529 g/t antimony, 206 g/t molybdenum and
103 g/t tungsten over 30.5 metres. The same intersection assayed at least 0.79% lead, 0.53% zinc,
and 0.82% arsenic (the over-limits were never re–assayed).
In the 2019 program, numerous mineralized and anomalous rock grab samples were collected
northeast of drill hole 408 in what has been referred to as "Adera Zone". These samples line up with
the same northeast trend and have assays ranging from 48 to 1,172 g/t silver, 0.2 to 4.45 g/t gold,
0.02 to 0.4% copper, 0.2 to >10% lead, 0.15 to 5.7% zinc, 0.3 to > 1% arsenic, 0.001 to 0.26%
tungsten, and 0.05 to 0.40% antimony. This trend parallels the interpreted mapped Adera fault. The
2020 geophysical SkyTEM survey data also suggests a sinstral jog or deflection in a lineament that
is interpreted to line up with the Adera fault and occurs in the vicinity of the mineralized samples. The
samples are described as being mineralized quartz veins and silicified breccia that occur within both
the granites of the Surprise Creek batholith and granodiorites of the 4th of July batholith suggesting
that the mineralization is younger than the Adanac molybdenum deposit and possibly associated with
the latest phases of the Surprise Creek batholith.
Daybreak
Area
During the 2019 exploration program, the crew spent one day attempting to locate some trenches
that reportedly contained high grade silver (Assessment Report #26920, personal communication,
William Wallis
, prospector). An early snowfall and poor weather hampered the attempt to find the
trenches, however, surface samples taken in the area were anomalous in silver with 9 of 19 samples
assaying greater than 10 g/t. The samples are also anomalous in copper, lead, zinc, arsenic,
antimony and bismuth. One sample, described as being a light green and grey skarn boulder with
quartz veining, assayed 477 g/t of silver, 1.6 g/t gold, 0.10% copper, 0.2% lead, >1% arsenic and
0.2% antimony.
Sampling
Rock samples were collected by Stuhini's geological and technical employees utilizing normal
standards of collection and recording of descriptive data with hand held GPS determined locations in
UTM NAD 83 grid locations as well as collection of photographs and representative samples. Rock
material collected were appropriately bagged and stored in secure locations under the supervision of
Stuhini Exploration personnel and then transported to the Bureau Veritas sample preparation facility
located in
Whitehorse, Yukon Territory
. Samples were prepared and fire assayed for gold, platinum
and paladium (with ICP-ES or gravimetric finish).
About the Ruby Creek Project
: The 26,735-hectare Ruby Creek Project is road accessible and
located 20 kilometres (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. Stuhini has an option to acquire
100% of the Ruby Creek Project subject to a 1% Net Smelter Royalty.
Further details regarding the Ruby Creek Option Agreement can be found in the Company's news
release dated
July 30, 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 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; and the Que Property
located approximately 70 km north of Johnson's Crossing in the Yukon Territory.
Web:
www.stuhini.com
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 impact 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
View original content:
http://www.newswire.ca/en/releases/archive/September2020/04/c2087.html
%SEDAR: 00046568E
For further information:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration
Ltd., Email: [email protected], Phone: (604) 418-4019
CO: Stuhini Exploration
CNW 09:25e 04-SEP-20