VANCOUVER, BC, Oct. 17,
2022 /CNW/ - Stuhini Exploration Ltd. (the
"Company" or Stuhini") (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
(SGHTM) 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
12th, 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.
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.
