Stuhini Stakes Additional Land at Ruby Creek and Provides Exploration and Corporate Update
Stuhini Stakes Additional Land at Ruby Creek
and Provides Exploration and Corporate
Update
VANCOUVER, BC
,
Feb. 17, 2023
/CNW/ - Stuhini Exploration Ltd. (the "
Company
" or
Stuhini
")
(TSXV: STU) (OTC: STXPF) is pleased to announce it has staked additional mineral claims
contiguous with its Ruby Creek Project ("
Project
" or "
Property
") located 14 kilometres ("km") east
of
Atlin, BC
and wishes to provide a Corporate and Exploration Update.
Stuhini Stakes Additional Land at Ruby Creek and Provides Exploration and Corporate Update
(CNW Group/Stuhini Exploration Ltd.)
The Company has acquired by staking 848.1 hectares ("ha") in 1 new claim block contiguous to the
north of its existing Ruby Creek tenures. The new claim, which will be consolidated into the
Company's Ruby Creek Project, is situated in the headwaters of Volcanic Creek and is referred to
as the "Volcanic Creek Moly" showing in BC Minfiles. Previous historic exploration work reports
molybdenum ("
Mo
") mineralization at surface and includes two drill holes drilled by Placer
Development Ltd. in 1981. Hole DDH 81-1 intersected 24.38 metres ("m") of 0.066% MoS
2
(0.040%
Mo) starting at a depth of
33.53 m
, including
6.10 m
of 0.14 MoS
2
(0.082 % Mo).
Dave O'Brien
, Company President and CEO, stated: "Given the recent notable rise in the price of
molybdneum, we are excited to pick up more prospective molybdenum ground contiguous with our
Ruby Creek Deposit, especially given the known historical occurrence."
In other news, the Company has received all assay results from its summer intrusion gold drill
program. No significant gold or silver intercepts were encountered to warrant additional follow-up at
this time.
Stuhini also advises that it will be attending both the Metals Investor Forum and the Prospectors and
Developers conference(PDAC) in
Toronto, Ontario
between
March 3-8
.
Dave O'Brien
(Chief
Executive Officer and President),
Ehsan Salmabadi
(VP–Exploration) and
Charles Kamimura
(Corporate Secretary) will be available to meet with investors and potential partners upon request.
We cordially invite you to visit with Company representatives
Sunday March 5
th
through
Wednesday
March 8
th
, 2023 at Booth # 3018 within the Investors Exchnge at the 2023 PDAC Convention to be
held at the Metro Toronto Convention Centre.
Stuhini will also be presenting and will have a dislay booth at the pre PDAC Metals Investor Forum
taking place
March 3-4, 2023
at the Delta Hotel located on 75 Lower Simcoe Street,
Toronto
.
QA/QC protocol:
All assay samples were collected from HQ and NQ core, sawn in half with a
diamond saw with the sample intervals marked by technical personnel. The split core 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, BC
for assay. Each sample was assayed for gold by 50-gram fire assay FA350-Au as
well as by 4 acid digest ICP-ES MA200 for a suite of 45 elements. A full QA/QC program using
blanks, standards and duplicates was utilized to monitor analytical accuracy and precision. QA/QC
samples consisted of one certified Standard Reference Material and one certified blank of
unmineralized material per 20 split core samples. Duplicate samples are repeat analysis of
designated primary sample pulps. All results have passed QA/QC screening by the lab.
Ruby Creek Project:
The 29,479 ha Ruby Creek Project is road accessible and located 14 km
east of
Atlin, BC
. There are 49 different documented mineral occurrences on the Property, of which
16 are gold-related, with 7 significant gold placer creeks. The Property also hosts the 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 Ehsan Salmabadi,
P. Geo., a qualified person as defined under the terms of National Instrument 43-101.
About Stuhini Exploration
Stuhini, a mineral exploration company, is focused on exploration and development of precious and
base metals properties in western
Canada
and the southwest
United States
. The Company's
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
; the Big Ledge Property, 57 km south of
Revelstoke, BC
; and a portfolio of 4 properties in southeast
Arizona
.
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 14:03e 17-FEB-23