Stuhini Samples 2.37 kilograms per tonne Silver at the Ruffner Target
Stuhini Samples 2.37 kilograms per tonne
Silver at the Ruffner Target
VANCOUVER, BC,
Nov. 18, 2020
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhin
i")
(TSX-V: STU) is pleased to announce that is has completed its exploration program on the Ruby
Creek Project (the "Property" or the "Project") for the 2020 field season and is currently compiling
the results from various identified targets. The following is a summary of highlights for the Ruffner
Target.
Ruffner Highlights:
119 rock samples collected with 46 samples assaying greater that 25 g/t silver
13 samples assaying greater than 400 g/t silver
2,370 g/t silver from sample #1893100
10.0 g/t gold, 783 g/t silver and over 10% lead from sample #1869659
5.8% Copper, 422 g/t silver and 1.22 g/t gold from sample #1892686
14.8% zinc, 173 g/t silver and 2.6 g/t gold from sample #1997463
Dave O'Brien
, Company President and CEO commented;
"We are very encouraged by the number
of notable silver showings that the Stuhini team were able to uncover in the Ruffner area. This area
comprises only a small portion of the highly prospective Project tenures."
2020 Field Program
:
The 2020 program consisted of Property scale mapping, prospecting and
geochemical sampling of various targets identified in historic work and the 2020 SkyTEM airborne
geophysical survey (Stuhini News Release
June 12, 2020
). Field crews collected a total of 1,186
outcrop and felsenmeer samples and 850 soil samples from the Property. The Company is still
awaiting assay results from several sample batches that were delivered to the Bureau Veritas prep
lab in
Whitehorse, Yukon Territory
, however all samples from the Ruffner Target have been received
and compiled.
Ruffner Target:
The Ruffner Target refers to the approximately 2,500 hectares that make up the
Northwestern portion of the tenures that surround the historic past producing Ruffner Silver Mine. A
total of 119 outcrop and felsenmeer samples were collected from this target (see map below).
Ruffner Area of Interest - 2020 Rock Samles - Anomalous Gold and Silver (CNW Group/Stuhini
Exploration)
Mineralization from the historic Ruffner Silver Mine and the surrounding showings is composed of
quartz-carbonate veins with galena, sphalerite, arsenopyrite and lesser pyrite and chalcopyrite.
These mineralized structures are often associated with mafic dykes hosted within granodiorite and
diorite of the Fourth of July Batholith.
The table below summarizes some of the more noteworthy samples collected from the Ruffner
Zone.
Sample
Sample Type
Ag (g/t)
Au (g/t)
Cu (%)
Pb (%)
Zn (%)
1893100
Felsenmeer
2370
0.56
0.10
2.92
0.3
1997475
Felsenmeer
1558
1.15
0.05
>10
5.43
1996081
Felsenmeer
1069
0.31
0.04
>10
0.06
1869665
Chip (historic trench)
941
0.17
0.90
1.17
0.27
1996294
Felsenmeer
902
0.30
0.92
2.94
1.72
1996299
Felsenmeer
897
0.29
0.05
6.54
3.61
1869659
Grab (historic trench)
783
10.0
0.70
>10
0.13
1996070
Felsenmeer
626
0.32
0.21
0.08
0.03
1996090
Felsenmeer
492
0.32
1.42
0.77
0.68
1996295
Felsenmeer
488
0.08
2.00
0.23
0.04
1996270
Felsenmeer
484
2.46
0.13
5.4
1.12
1892686
Grab (historic trench)
422
1.22
5.83
1.47
0.06
1996293
Felsenmeer
407
0.30
0.43
0.09
0.01
1997463
Felsenmeer
173
2.60
0.12
1.94
14.76
The highest-grade silver sample (#1893100) was collected from a preferentially eroding E-NE
trending structure, northeast of the Ruffner Silver Mine complex. The highest-grade gold sample
(#1869569) assayed 10.0 g/t Au and 783 g/t Ag. Sample #1996081 was collected approximately
750 metres W-SW of, and on strike with the historic Wheelbarrow showing. Results included assays
of up to 5.8% copper, >10% lead and 14.76% zinc with 34 samples greater than 1,000 ppm copper,
55 samples greater than 1,000 ppm lead and 59 samples greater than 1,000 ppm zinc.
Sample station locations were recorded in UTM NAD83 using a hand-held GPS. Sample
descriptions, photographs and representative samples were also collected. Rock material was
collected in poly bags and stored in a secure location under the supervision of Stuhini personnel and
then transported to the Bureau Veritas sample preparation facility located in
Whitehorse, Yukon
Territory
. 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 was performed on all samples.
Other Targets:
The Company is presently compiling assay data as it comes in from other targets
on the Project and will be reporting further exploration updates as these compilations are completed.
This first Ruffner Target area update will be the first of several updates as this summary only
pertains to approximately 2,500 hectares of the more than 27,000- hectare project.
Extension of Investor Relations Contract:
The Company also wishes to announce that it has
extended its investor relations contract with Nicosia Capital. Further details regarding the investor
relations contract can be found in the Company's news release dated
May 15, 2020
.
Ruby Creek Project
: The 27,354-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 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.
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, BC
and the
Que Property located approximately 70 km north of Johnson's Crossing in the Yukon Territory.
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
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/November2020/18/c8084.html
%SEDAR: 00046568E
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
CNW 09:25e 18-NOV-20