VANCOUVER, BC, Aug. 9, 2022
/CNW/ - Stuhini Exploration Ltd. (the "Company" or
Stuhini") (TSXV: STU) is pleased to announce that is has
commenced its planned drill program on its Ruby Creek Project near
Atlin BC.
The Company has now commenced an 8-10 hole HQ core diamond drill
program targeting intrusion gold in an area referred to as Ruby
Flats located on its Ruby Creek Project. The planned 2,500 – 3,000
metre program is expected to be completed by the end of September
and results will be released once assays results have been received
and compiled.
Ruby Creek Project: The 28,631-hectare Ruby Creek
Project is road accessible and located 14 kilometres (km) east of
Atlin, BC. There are 48 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 deposit, 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.
About Stuhini Exploration Ltd: Stuhini is a mineral
exploration company focused on the exploration and development of
its base and precious metal properties. 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.
The geological content of this news release has been reviewed
and approved by Company Vice-President of exploration Ehsan
Salmabadi, P. Geo., a qualified person as defined under the terms
of National Instrument 43-101.
FORWARD-LOOKING
STATEMENTS
This news release contains "forward-looking statements" within
the meaning of Canadian securities legislation. Such
forward‑looking statements concern, without limitation, the
expected completion of the drilling program and the timing and
release of assay 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;
ability to complete the drilling program and receive assay results
in a timely manner. The actual results could differ materially from
those anticipated in these forward‑looking statements as a result
of risk factors including, but not limited to the availability of
funds; the timing and content of work programs; results of
exploration activities of mineral properties; the interpretation of
drilling results and other geological data 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 Ltd.