Stuhini Stakes Additional Land at Ruby Creek
Stuhini Stakes Additional Land at Ruby Creek
VANCOUVER, BC
,
Sept. 28th, 2020
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhin
i")
(TSXV: STU) (
USA
: STXPF) is pleased to announce the discovery of a new target and subsequent
staking of additional claims covering a total of 619.38 hectares on the Ruby Creek Project in
Northern British Columbia
(the "Project"). The claims were staked along the northeastern portion of
the tenures increasing the size of the Project from 26,735 hectares to 27,354 hectares.
Stuhini Exploration Ltd. Ruby Creek Project 2020 New Discovery Staking (CNW Group/Stuhini
Exploration)
Dave O'Brien
, Company President and CEO, stated: "Our exploration team was quite upbeat about
this new and unexpected discovery at Ruby Creek. The mineralization was nearing the Project
boundary, so we acted immediately and staked more land to the northeast, thus providing a buffer
around the discovery. The potential of a copper/gold porphyry in the area further validates the
prospective nature of the Ruby Creek Project."
The new claims were staked to increase the land position in the area of a new copper mineral
discovery located proximal to the northeastern boundary of the tenures. On surface, the zone
appears to cover an area of approximately 5 metres by 10 metres and is comprised of mineralized
sheeted quartz vein stringers hosted in a gossanous, coarse-grained granite. The quartz vein
stringers are <5mm in width and have weak to moderate sericitic alteration envelopes with minor
chalcopyrite and tetrahedrite. Weak sericitic alteration is also observed outside the exposure and a
small patch of potassic alteration was found north of the showing across the valley. The sample
shown in the photo above was from an area with abundant malachite and azurite in float at the base
of an outcropping bluff. Samples collected have been sent to the Bureau Veritas lab in
Whitehorse
to
be assayed with results expected later this year. Further work is planned to explore the porphyry
potential in the area.
The Company also wishes to announce that it has now released its interpreted results generated
from this seasons SkyTEM airborne geophysical surveys conducted on both the Ruby Creek and
Que Projects. Geophysical Maps showing results for both EM (Conductivity) and Mag surveys have
been uploaded to the Company website on the following links:
Ruby Creek Project Geophysical Maps:
https://www.stuhini.com/ruby-creek-maps
Que Project Geophysical Maps:
https://www.stuhini.com/que-maps
About the 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. 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 in northern
British Columbia
approximately 24 km east of
Atlin
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 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, including competition for services and personnel.
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
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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 28-SEP-20