Stuhini Provides Exploration Update on Ruby Creek and SW USA Exploration Activities
Stuhini Provides Exploration Update on Ruby
Creek and SW USA Exploration Activities
VANCOUVER, BC
,
Oct. 17, 2022
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhin
i")
(TSXV: STU) is pleased to provide an update on 2022 exploration work at the Ruby Creek Project
(the "Project" or "Property" or "Ruby Creek") located 20 kilometres ("km") east of
Atlin, BC
, and new
projects in
Arizona
.
2022 Ruby Creek Exploration Highlights
Diamond drilling of 8 holes:
- Two of the holes twinned historic holes AD-390 and AD-393, which intercepted
76.2 m
of
0.15 g/t Au and 0.42 g/t Ag and
73.2 m
of 0.21 g/t Au and 0.28 g/t Ag, respectively.
Twinning of the holes was for the purpose of confirming historical results and determining
vein orientations.
- Five of the holes tested soil gas hydrocarbon (SGH
TM
) anomalies that may be related to
gold mineralization in the intrusion gold target area, and one of the holes tested a
conductivity anomaly proximal to the "Adera Corridor" (
see
January 12
th
, 2021 news release
) to the north of the intrusion gold target area.
- One hole, RF 22-08 was drilled to test below the current extent of the polymetallic silver
mineralization along the Adera Corridor on the NW flank of the Ruby Creek Molybdenum
Deposit.
Further prospecting of silver in soil geochemistry anomalies identified in 2021 ~1 km SE of the
Silver Surprise resulting in the discovery of additional silver bearing quartz veins.
Further prospecting of gold in soil anomalies identified in 2021 in the Lakeview area.
Assays for the 2022 Ruby Creek program are pending.
2022 Drill Hole Locations (CNW Group/Stuhini Exploration Ltd.)
Arizona Staking and Acquisition
In other Company news, Stuhini Exploration Ltd. is pleased to announce that it has obtained by
staking and through the acquisition of Mineral Exploration Permits, 4 new properties, covering a total
of 3,781 hectares, in the south-east quadrant of
Arizona
, in an area east of
Phoenix
and north of
Tucson
. Based on historical reports, the four properties (Toro, Lindsay, Lightning Box and Butte) are
prospective for copper and gold porphyry and related deposits. The properties are within the
Laramide Porphyry Belt, which is the host for the famous "Copper Cluster" of world class porphyry
deposits of southern
Arizona
.
Mr.
David O'Brien
, President & CEO of Stuhini stated:
We are pleased with the progress that has
been made on executing our exploration goals for this season
. Our technical team continues to
work hard and methodically on all our greenfield targets as well as our advanced stage
Ruby
Creek
molybdenum project. We are also excited about exploration opportunities for copper-gold
porphyry deposits in
Arizona
and look forward to the potential of what our future exploration efforts
could yield.
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
and south-western
USA
. The Company's portfolio of
exploration properties includes its flagship the 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
, as well
as its new portfolio of properties in south-east
Arizona
.
Forward-Looking Statements
This news release contains "forward
looking information" within the meaning of Canadian securities
laws, which may include, but are not limited to statements relating to future exploration in
Arizona
and pending assay results. All statements in this release, other than statements of historical facts,
that address events or developments that the Company expects to occur, are forward-looking
statements. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the forward-looking statements.
Factors that could cause the actual results to differ materially from those in forward-looking
statements include regulatory actions, fluctuations in metal and commodity prices, market prices,
failure to obtain permits, and continued availability of capital and financing, and general economic,
market or business conditions. In particular, there is no guarantee that exploration work, as
proposed, or otherwise, will be completed on the Property or that the Option will be exercised. Such
forward-looking information reflects the Company's views with respect to future events and is
subject to risks, uncertainties and assumptions, including those set out in the Company's prospectus.
Investors are cautioned that any such statements are not guarantees of future performance and
actual results or developments may differ materially from those projected in the forward-looking
statements. There can be no assurance that any forward-looking statements or information will
prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements or information. Accordingly, readers should not place undue reliance
on forward-looking statements or information. Except as required by applicable securities laws, the
Company undertakes no obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.
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 17-OCT-22