Stuhini Identifies Native Gold with Copper, Silver and Tungsten in both Historical Drilling and Current Surface Sampling within the Surprise Lake Batholith, Atlin, BC, Canada
Stuhini Identifies Native Gold with Copper,
Silver and Tungsten in both Historical Drilling
and Current Surface Sampling within the
Surprise Lake Batholith, Atlin, BC, Canada
VANCOUVER, BC
,
Jan. 12, 2022
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or "
Stuhin
i")
(TSXV: STU) is pleased to provide an update on gold exploration work at the Ruby Creek Project,
14 kilometres east of
Atlin, BC
, Canada.
Highlights from 2021 Sampling
native gold identified in two historic condemnation drill holes.
Assays of 5.72 g/t Au, 167 g/t Ag, 0.18 % Cu and 1.35 % WO
3
over 1.75 metres, including
9.27 g/t Au, 225 g/t Ag, 0.30 % Cu and 2.19 % WO
3
over 1 metre from the extension of the
Black Diamond Vein.
49 rock samples, of which 20 assayed over 1.0 g/t Au, and as high as 28.5 g/t Au, 1431.0 g/t
Ag.
28 of these samples are from the northeast extension of the Black Diamond Vein, tripling the
length of the known vein system
The Company has defined a one-kilometre-long gold trend extending from the historical Adanac
Molybdenum resource southwest along Thor Ridge. The ridge hosts numerous veins including the
Black Diamond
and Emil veins. Surface sampling along this trend has confirmed the presence of
gold, copper, silver, and tungsten mineralization. Current work has also identified native gold in two
historic condemnation drill holes from 2008 (AD390 and AD393).
David O'Brien
, President and CEO commented
"The identification of free gold in sheeted veinlets
from the historic Adanac Molybdenum condemnation drill core is great news as it supports our
speculation of a potential intrusion-related gold bearing system in the area and another possible
source for the incredible placer gold endowment of
Ruby Creek
and the
Atlin
camp."
The condemnation drill holes are two kilometres east of the main molybdenum resource area and
contain the following:
AD-393 -
73.2 M
@0.21g/t Au, 0.28g/t Ag
AD-390 -
76.2m
@0.15g/t Au, 0.42g/t Ag, including
21.35m
@0.21g/t Au, and 0.11g/t Ag.
The Mineral Deposit Research Unit (MDRU) at the
University of British Columbia
performed detailed
analytical work on the gold intersections from condemnation drill holes AD-393 and AD-390. Using a
scanning electron microprobe (SEM) and an automated mineralogical procedure optimized to
recognize gold, electrum was identified consisting of approximately 50% gold and 50% silver. The
electrum is associated with bismite or bismuthinite and pyrite rimed by pyrrhotite within a 20
millimeter to sub-millimeter wide quartz vein hosted within the Surprise Lake Batholith (AD-390 at
34.6 metres). Many other veinlets with similar sulfide compositions also contained wolframite.
Four gold-bearing quartz-wolframite-scorodite-arsenopyrite bearing structures on Thor Ridge are
hosted in the Surprise Lake Batholith and anomalous in bismuth and antimony. The sub-vertical
structures identified on the ridge and the
Black Diamond
vein are on trend with the condemnation drill
holes. It is speculated that these higher grade auriferous structures are peripheral to a potential bulk
tonnage gold target that was intersected in the condemnation drilling and may be comparable to
Victoria Gold's
Eagle Gold Mine in the
Yukon Territory
to the north, a Reduced Intrusion-Related
Gold Systems.
Table 1 - Thor Ridge Sample Results
Sample ID
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
Cu %
Pb %
WO
3
%
Channel
Sample
0.45
2.2
1.75
5.72
167.0
0.18
0.70
1.35
Including
1.0
9.27
225.0
0.30
0.87
2.19
3866235
0
0.45
0.45
0.07
3.0
0.01
0.03
0.01
3866236
0.45
1.45
1.00
9.27
225.0
0.30
0.87
2.19
3866237
1.45
2.2
0.75
0.99
89.8
0.04
0.47
0.23
3866109
Outcrop
28.50
1431.0
1.32
1.03
0.21
3835958
Subcrop
17.20
410.0
0.19
0.72
1.07
3835962
Subcrop
10.60
272.0
0.29
0.76
1.64
3835959
Subcrop
9.89
199.2
0.12
0.78
5.50
3835963
Subcrop
9.12
241.0
0.12
0.98
2.91
3835955
Subcrop
8.95
47.4
0.15
0.14
0.11
3866222
Subcrop
5.85
826.0
0.19
8.77
0.01
3835964
Subcrop
5.44
121.9
0.11
0.90
5.49
3835960
Subcrop
4.18
100.0
0.09
1.23
3.75
3866229
Subcrop
3.38
76.4
0.27
0.13
0.09
3866110
Subcrop
3.27
153.2
0.35
0.45
3.62
3866226
Felsenmeer
2.89
181.0
0.11
1.68
0.01
3866227
Felsenmeer
2.08
1.3
0.04
0.01
0.02
3866228
Subcrop
2.07
28.2
0.13
0.01
0.01
3866232
Subcrop
1.91
168.1
0.06
0.39
0.61
3835961
Felsenmeer
1.63
35.1
0.02
0.18
0.01
3866214
Felsenmeer
1.59
113.6
0.03
0.92
1.05
3866218
Subcrop
1.52
116.0
0.07
0.68
0.04
3866213
Felsenmeer
1.22
32.2
0.07
0.13
0.96
3866216
Felsenmeer
1.16
53.3
0.04
0.44
0.00
3866111
Subcrop
0.98
28.4
0.05
0.41
0.10
3866220
Subcrop
0.94
79.7
0.05
0.17
0.48
3866221
Subcrop
0.86
74.9
0.10
0.27
0.59
3866112
Subcrop
0.79
12.8
0.02
0.13
0.05
3835957
Subcrop
0.67
16.9
0.03
0.34
0.06
3866217
Subcrop
0.61
33.5
0.04
0.97
0.00
3866215
Subcrop
0.59
6.6
0.03
0.09
0.01
3866219
Subcrop
0.56
145.2
0.05
0.64
0.30
Figure 1 - Location Map of Gold Bearing Samples on Thor Ridge, SW of AD-390 and AD-393.
(CNW Group/Stuhini Exploration Ltd.)
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). Over-limit tungsten was analyzed with lithium borate fusion XRF (XF750).
Conversion to WO3 % = W % x 1.2616. All results have passed the QA/QC screening by the lab.
Ruby Creek Project:
The 28,631-hectare Ruby Creek Project is road accessible and located 14
kilometres (km) east of
Atlin, BC
. There are 48 different documented mineral occurrences on the
Property, of which 16 are gold-related, with 7 significant 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, a mineral exploration company, is focused on exploration and development of precious and
base metals properties in western
Canada
. The Company portfolio of exploration properties
includes: the flagship Ruby Creek Property, 14 km east of
Atlin, BC
; the Que Project ,70 km north of
Johnson's Crossing,
Yukon
; the South Thompson Nickel Project, 35 km northwest of
Grand Rapids,
Manitoba
; and the Big Ledge Property, 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 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) 835-4019, Web: www.stuhini.com
CO: Stuhini Exploration Ltd.
CNW 08:45e 12-JAN-22