Stuhini Provides Exploration Update on Ruby Creek
Stuhini Provides Exploration Update on Ruby
Creek
VANCOUVER, BC
,
Oct. 13, 2021
/CNW/ - Stuhini Exploration Ltd. (TSXV: STU) (the "Company" or
Stuhini") is pleased to provide an update on its ongoing 2021 exploration work at the Ruby Creek
Project (the "Project" or "Property") located 20 kilometres (km) east of
Atlin, BC
.
2021 Exploration Results include the following:
Additional mineralized structures were identified in the Silver Surprise area with similar textures
and mineralogy as the original discovery where 2020 sampling yielded silver (Ag) assays of 391
g/t up to 14,179 g/t (2021 assays pending).
Multiple mineralized structures were identified in the Daybreak area, 3 km southwest of Silver
Surprise, where 2020 sampling yielded assays of 772 g/t Ag (2021 assays pending).
Completion of grid soil sampling program over the Birch Creek, Boulder Creek and Lakeview
area with over 2200 samples collected (assays pending).
Contour soil sampling in the Silver Surprise area with 57 samples collected (assays pending).
Soil gas hydrocarbon (SGH) sampling in
Ruby Creek
, totaling 166 samples, covering the area
between historic gold-bearing drill holes AD-390 and AD-393 (76.2 metres (m) of 0.15 g/t gold
(Au) and 0.42 g/t Ag and
73.2 m
of 0.21 g/t Au and 0.28 g/t Ag, respectively).
0.96 square km of 3D Induced Polarization Geophysics (3D IP) encompassing the identified
silver bearing Adera Structure, the southwestern portion of the historic
Ruby Creek
molybdenum
(Mo) deposit and
400 m
southwest of the current resource where historic drilling has not closed
off the deposit (e.g. AD-417 drilled in 2008 assayed 0.052 % Mo over
76.2 m
starting at the top
of bedrock, and
45 m
of 0.23% Mo to the end of hole from
355 m
to
400 m
).
Mr.
David O'Brien
, President & CEO of Stuhini stated: "
We are pleased with the follow-up
prospecting and mapping expanding on last year's work on Silver Surprise
and Daybreak. Detailed
exploration work has resulted in new discoveries around these two target areas as well other parts
of our tenures. Our technical team continues to work hard and methodically on all our greenfield
targets as well as our advanced stage
Ruby Creek
molybdenum project."
Ruby Creek Property Map (CNW Group/Stuhini Exploration Ltd.)
Ruby Creek Molybdenum Deposit and 3D IP Survey Area (CNW Group/Stuhini Exploration Ltd.)
In other Company news, Stuhini wishes to announce that an updated Corporate Presentation has
been posted on the Company website. The updated presentation contains information on two of the
Companies recent property acquisitions: the South Thompson Nickel Project in
Manitoba
and the Big
Ledge Zinc Project in
Southern British Columbia
.
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
. The Company's portfolio of exploration properties
includes its flagship Ruby Creek Property located approximately 20 km east of
Atlin, BC
, the Que
Project located approximately 70 km north of Johnson's Crossing in the
Yukon
, the South Thompson
Project located approximately 35 km northwest of
Grand Rapids, Manitoba
and the Big Ledge
Property located approximately 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 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 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 09:05e 13-OCT-21