Stuhini Exploration Ltd (TSX-V:STU) said it has staked additional mineral claims contiguous with its Ruby Creek project located 14 kilometres east of Atlin, British Columbia.
The company said it has acquired by staking 848.1 hectares in one new claim block contiguous to the North of its existing Ruby Creek tenures.
The new claim is situated in the headwater of Volcanic Creek which is referred to as the “Volcanic Creek Moly” showing in BC Minfiles.
READ: Stuhini Exploration closes second tranche of its non-brokered private placement for gross proceeds of $474,218
Stuhini noted previous exploration work reports molybdenum 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% molybdenum disulphide (MoS2) (0.040% molybdenum) starting at a depth of 33.53 m, including 6.10 m of 0.14 MoS2 (0.082 % molybdenum).
"Given the recent notable rise in the price of molybdenum, we are excited to pick up more prospective molybdenum ground contiguous with our Ruby Creek Deposit, especially given the known historical occurrence,” Stuhini CEO Dave O’Brien commented.
Corporate updates
In other news, Stuhini said it has received all assay results from its summer intrusion gold drill program and no significant gold or silver intercepts were encountered to warrant additional follow-up at this time.
Further, the company advised that it will be attending both the Metals Investor Forum and the Prospectors and Developers Conference (PDAC) in Toronto, Ontario between March 3-8.
Stuhini invited interested parties to visit with company representatives from March 5 through to March 8, 2023, at Booth #3018 within the Investors Exchange at the 2023 PDAC Convention to be held at the Metro Toronto Convention Centre.
Stuhini will also be presenting and will have a display booth at the pre-PDAC Metals Investor Forum taking place on March 3 and March 4, 2023, at the Delta Hotel located at 75 Lower Simcoe Street, Toronto.
Further, the company’s CEO Dave O'Brien, VP exploration Ehsan Salmabadi, and corporate secretary Charles Kamimura will be available to meet with investors and potential partners upon request.
Stuhini Exploration is a mineral exploration company focused on precious and base metals properties in Western Canada and the Southwest United States.
Contact the author at emily.jarvie@proactiveinvestors.com
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