Today’s feature company is Stuhini Exploration Ltd. (TSXV:STU), a mineral exploration company focused on the exploration and development of its base and precious metal properties in western Canada, which recently reported a Mineral Resource Estimate at its Ruby Creek moly deposit. In March, the company announced a pit-constrained Mineral Resource Estimate for its flagship Ruby Creek molybdenum deposit, which is located 35 kilometres by road east of Atlin, in heart of Atlin Placer Gold Camp in Northwestern British Columbia.
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Today’s feature company is Stuhini Exploration Ltd. (TSXV:STU), a mineral exploration company focused on the exploration and development of its base and precious metal properties in western Canada, which recently reported a Mineral Resource Estimate at its Ruby Creek moly deposit.
The company has 4 projects, with two in British Columbia and one each in the Yukon and Manitoba.
In March, the company announced a pit-constrained Mineral Resource Estimate for its flagship Ruby Creek molybdenum deposit, which is located 35 kilometres by road east of Atlin, in heart of Atlin Placer Gold Camp in Northwestern British Columbia.
The pit constrained Measured and Indicated resources contain 432,991,000 pounds of molybdenum hosted within 369,398,000 tonnes, at an average moly grade of 0.053% at a 0.020% moly cutoff.
Resources within the Inferred category include 43,650,000 lbs of moly hosted within 41,946,000 tonnes, at an average moly grade of 0.047%.
This MRE was derived from a database containing 305 diamond drill holes, four rotary holes, plus underground bulk samples entered as 17 "drill holes".
These tables show the Measured, Indicated and Inferred open-pit resources reported at various moly cut-off grades.
The Mineral Resource Estimate, undertaken by Mine Development Associates, a division of RESPEC, has an effective date of March 10th.
Estimated operating costs used in the Mineral Resource Estimate, in US dollars, were $2.00 per tonne for mining, $1.00 per tonne for G&A, $5.00 per tonne for processing and a roasting charge of $1.77 per kilogram of moly.
Metallurgical recoveries of 92% were utilized in the determination of cut-off grades for the open-pit resource.
The NI 43-101 Technical Report will be available on SEDAR and the company's website in the near future.
Ehsan Salmabadi, P.Geo., VP of Exploration, stated: “MDA, has developed a very robust resource model that will form the basis for future economic studies. Our efforts in the coming months will focus on internal scoping studies to give us guidance on our next steps in assessing the economics of the Ruby Creek Molybdenum Deposit.”
David O'Brien, President & CEO, added: “We are very excited about being able to update the Ruby Creek Molybdenum Resource and look forward to what the future holds, especially in light of the dramatic increase in molybdenum prices in the last 20 months. I wish to thank our consultants and our in-house technical team for their efforts and professionalism in bringing this MRE to fruition.”
In addition to moly, Ruby Creek has 4 high priority silver targets with Ruffner, a former silver producer, last explored
by Homestake in the ‘90s.
Daybreak, a new higher-grade discovery from 2021, sampled as high as 13,250 g/t silver.
Prior to Stuhini obtaining the option on the project, there were 16 separate gold occurrences identified in the BC Minfile database.
There are multiple types of gold occurrences documented with orogenic lode gold and intrusion gold targets being the most noteworthy.
Other properties include the Que Project with gold, zinc, lead, nickel, copper, antimony and arsenic anomalies, the South Thompson Project targeting an under-explored part of Thompson Nickel Belt, and the Big Ledge Project which presents a low-risk exploration opportunity for a potentially significant zinc deposit.
The shares are trading at $0.81.
For more information, and to view the company’s new presentation, please visit the company’s website, www.stuhini.com, contact David O'Brien, President & CEO, at 604-835-4019 or by email at dobrien@stuhini.com.
