Business
Stuhini Announces Results from the Ruby Creek Property
VANCOUVER, Jan. 22, 2020 /CNW/ - Stuhini Exploration Ltd. (the "Company" or Stuhini") (TSX-V: STU) is pleased to announce completed compilation of assay results
About this update from Eranova Metals Inc.
[{"type":"text","content":" VANCOUVER, Jan. 22, 2020 /CNW/ - Stuhini Exploration Ltd. (the \"Company\" or Stuhini\") (TSX-V: STU) is pleased to announce completed compilation of assay results from its August 2019 due diligence examination of the recently optioned Ruby Creek Property (\"Ruby Creek\" or the \"Property\"). Highlights Encouraging mineralization on all portions of the property examined. Up to 5.32 grams per tonne (g/t) gold, 1172 g/t silver, 0.45% copper, 6.37% zinc and >10% lead from surface grab samples taken from outcrop peripheral to the historic Adanac molybdenum resource. Up to 7.5 g/t gold, 477 g/t silver and 0.7% copper from surface grab samples from the Ruby East area. Up to 0.9 g/t gold and 17 g/t silver from surface grab samples from the Boulder/Birch Ridge. Dave O'Brien, CEO noted \"We are pleased with the Ruby Creek Reconnaissance results, especially considering these were unplanned exploration days due to inclement weather conditions which prevented us from mobilizing our crews to the Metla property as originally planned. What is compelling is the close proximity of these encouraging Pitt North sampling results to the edge of the historic proposed molybdenum pit. The compiling of these assay results confirms the gold and silver potential for the area and the current \"working hypothesis\".\" The Ruby Creek property is located in the historic Atlin placer gold camp. Placer gold was discovered in the area in 1898. The largest Canadian gold nugget was also found in the Atlin area. Five placer creeks drain the Ruby Creek property. To date, the hard rock source for the placer gold has not been found. The Property is also the location of the undeveloped historical Adanac molybdenum deposit. Stuhini proposes that the geologic model for the area is an \"Intrusion Related Gold system\" with the Surprise Creek batholith being the hydrothermal mineralizing system responsible for depositing the granitic hosted Adanac molybdenum deposit and potentially sheeted gold veins peripheral to the intrusion and more distal gold within major structures in the surrounding host rocks. The results from the limited summer program are encouraging with anomalous rock samples and soil samples from the four areas visited. A total of 75 surface rock samples and 8 surface soil samples were taken over the course of the program. Pit North The Pit North are...