Announcement Date: 2022-04-25
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Stuhini Exploration Ltd.
Project name: Ruby Creek
Location: Canada
Commodities: Molybdenum
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, Canada – March 15, 2022 – Stuhini Exploration Ltd. (the “Company” or “Stuhini”) (TSXV: STU) is pleased to announce a pit-constrained Mineral Resource Estimate (“MRE”), for the Ruby Creek molybdenum deposit (“Ruby Creek Molybdenum Deposit”), located 35 kilometres (km) by road east of Atlin, BC. The MRE was undertaken by Mine Development Associates (“MDA”), a division of RESPEC. The effective date of this MRE is March 10, 2022 and an NI 43-101 Technical Report (the “Technical Report”) will be filed on SEDAR within 45 days of this news release and posted on the Company’s website. Open Pit Resource Estimate The pit constrained Measured and Indicated resources contain 432,991,000 pounds (“lbs”) of molybdenum (“Mo”) hosted within 369,398,000 tonnes at an average Mo grade of 0.053 % at 0.020 % Mo cutoff (Table 1). Resources within the Inferred category include 43,650,000 lbs of Mo hosted within 41,946,000 tonnes at an average Mo grade of 0.047 % (Table 1).
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