| From: pstad60 | 3/20/2024 4:40:12 PM | | | | | | Stuhini Renews Option on Que Project
VANCOUVER, BC, March 20, 2024 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) (OTCQB: STXPF) announces that the Company has renewed its option on the Que Project.
The Option Agreement was first announced on February 17, 2020, was amended and restated on February 28, 2020 and was further amended and restated on October 26, 2020 (the "Amended Option Agreement"). The Amended Option Agreement provides that Stuhini can acquire a 100% interest in Que Property (the "Property"), located in Yukon, Canada approximately 70 kilometres ("km") from Johnson's Crossing (the "Option").
Pursuant to the Amended Option Agreement, Stuhini can earn a 100% interest in the Property by issuing up to 937,500 common shares of the Company ("Common Shares") and making cash payments of up to $95,000 over a 5-year term.
Based on the road accessibility and what the board of directors of the Company (the "Board") considers to be the prospective nature of the Property, the Board has unanimously voted in favor of proceeding with the fourth anniversary Option Commitment which consists of 125,000 Common Shares and a $35,000 cash payment. This share issuance and cash payment is the only committed payment over the next 12 months. There are no work commitments. The final share issuance and cash payment is at the Company's election should it wish to complete the Option Agreement on April 1, 2025.
The Que Property
The Que Property is 4,243 hectares in size, is road accessible of Yukon Hwy #6 and is located 70 km north of Johnson's Crossing on the Alaska Highway. The property was first staked in the mid 1960's due to the occurrence of several large rusty kill zones believed to be indicative of buried massive sulphide on the Property. Subsequent exploration has discovered anomalous gold in soil and stream sediment silt samples and the discovery of gold bearing quartz veins.
Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada and the southwest United States. The Company's portfolio of exploration properties includes the flagship Ruby Creek Property, 14 km east of Atlin, BC; the Que Project, 70 km north of Johnson's Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; and the Lindsay Project in southeast Arizona.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Stuhini Exploration Ltd.
For further information:
David O'Brien, President & Chief Executive Officer Stuhini Exploration Ltd.,
Email: dobrien@stuhini.com,
Phone: (604) 835-4019,
Web: www.stuhini.com
News source :
newswire.ca
GLTA ! |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 5/10/2024 9:49:11 PM | | | | | | Molybdenum prices are on the rise again. Appears to be decent support at US$19.50/lb level
2 thru 15 month contract on molybdenum closed at US$21.53/lb today, May 11 2024
lme.com
The quotes for daily spot are currently posted at US$31.39/lb
dailymetalprice.com
Stuhini mg't use the LME monthly contract quotes.
Someone is going to show some interest in Stuhini's Ruby Creek Project sooner or later. Zijin Mining paid US$0.16/lb in the ground for the Shapinggou moly deposit back in Oct 2022.when molyvwas only US$18.00 per lb.
Even if Stuhini accepted an offer at US$0.10/lb for the pit constrained 476 million lb Ruby Creek moly deposit, it would be worth more than C$1.25 per share in value .....
GLTA ! |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 6/6/2024 5:17:51 PM | | | | | | Stuhini Exploration on Globe and Mail's Top 10 List as one of the most undervalued
small cap growth stocks on the TSX-V.
.
theglobeandmail.com
.
Molybdenum price continues to climb higher .... now at US$23.28 / lb .
lme.com
.
Stuhini's Ruby Creek moly deposit has a 476 million lb pit constrained measured, indicated
and inferred open pit resource.
GLTA ! |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 7/31/2024 10:06:45 PM | | | | | | Stuhini Announces Intention to Extend Warrant Expiry Dates
VANCOUVER, BC, July 31, 2024 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) announces its intention to extend the expiry date of previously issued common share purchase warrants to purchase up to 1,663,817 common shares at an exercise price of $0.60 per share (the "FT Warrants"). The FT Warrants were issued in connection with a non-brokered private placement (the "FT Offering") of flow-through units (the "FT Units"), each FT Unit comprised of one flow-through common share and one-half of one FT Warrant. The FT Offering closed in two tranches on August 4, 2022 and August 19, 2022, with the FT Warrants from each tranche scheduled to expire on August 4, 2024 and August 19, 2024, respectively.
The Company also intends to extend the expiry date of previously issued common share purchase warrants to purchase up to 596,250 common shares at an exercise price of $0.60 per share (the "NFT Warrants"). The NFT Warrants were issued in connection with a non-brokered private placement (the "NFT Offering") of non-flow-through units (the "NFT Units"), each NFT Unit comprised of one common share and one-half of one NFT Warrant. The NFT Offering also closed in two tranches on August 4, 2022 and August 19, 2022, with the NFT Warrants from each tranche scheduled to expire on August 4, 2024 and August 19, 2024, respectively.
If accepted by the TSX Venture Exchange, the Company will extend the expiry date of the FT Warrants and the NFT Warrants issued under the August 4, 2022 and August 19, 2022 tranches to August 4, 2026, and August 19, 2026, respectively. All other terms and conditions of the FT Warrants and NFT Warrants will remain unchanged.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada and the southwest United States. The Company's portfolio of exploration properties includes the flagship Ruby Creek Property, 14 km east of Atlin, BC; the Que Project, 70 km north of Johnson's Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; and the Lindsay Project in southeast Arizona.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Stuhini Exploration Ltd.
For further information please contact:
David O'Brien, President & Chief Executive Officer
Telephone: (604) 835-4019,
Email: dobrien@stuhini.com
Source :
newswire.ca |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 10/9/2024 10:03:59 PM | | | | | | Stuhini Corporate Update
The company reports unsolicited expressions of interest for its 476 million lb molybdenum deposit
at its 100% owned Ruby Creek Project. Stuhini's current market cap is only C$5.1 million
Molybdenum 2 thru 15 month forward contracts are currently quoted at US$22.00/lb
lme.com
.
.
Stuhini Provides Corporate Update
NEWS PROVIDED BY
Stuhini Exploration Ltd.
VANCOUVER, BC, Oct. 9, 2024 /CNW/ - Stuhini Exploration Ltd. (the "Company" or Stuhini") (TSX-V: STU) and (OTCQB: STXPF) wishes to provide a corporate update on 2024 exploration activities at its Que and Big Ledge projects and corporate matters pertaining to its Ruby Creek Project (Ruby Creek).
Big Ledge Project
Stuhini exploration crews conducted a geological mapping, prospecting and soil sampling program at its Big Ledge Project, located just south of Revelstoke, British Columbia. The program focused on a less explored 2 km section of the ~14 km mineralized strike length east of Pingston Creek. The resultant zinc soil anomaly is coincident with the historic IP geophysics and extends through the explored section; however, the overburden is believed to be much deeper, resulting in a less pronounced anomaly. The 100% owned Big Ledge zinc Project is road accessible and covers 5,093 hectares.
Que Project
Stuhini personnel conducted a targeted soil sampling and prospecting program at its Que Project located in Yukon, Canada. The program's purpose was to ground truth two geophysical anomalies outlined by a previous magnetic and electromagnetic survey by the Company. The Que Project is road accessible from Yukon Hwy #6 (Canol Road) and is located 70 km north of Johnson's Crossing on the Alaska Highway. The Project is early stage and is 4,243 hectares in size. Stuhini has an option to acquire 100% of the Que Project, subject to a 1% Net Smelter Royalty.
In other Company news, Stuhini President and CEO David O'Brien recently attended the IMOA (International Molybdenum Association) AGM which was held in Tokyo, Japan. Several meetings were held to discuss the Company's 100% owned Ruby Creek Molybdenum Project. The Company has received unsolicited expressions of interest in its Ruby Creek project and has had discussions which are continuing regarding strategic alternatives for the Ruby Creek project.
Lastly, over the past 12 months, the Company has been investigating new project opportunities. The process is ongoing, and thus far, several projects have been reviewed by Company personnel. As new projects are taken on, the Company will seek strategic alternatives for some of the projects it currently holds.
The geological content of this news release has been reviewed and approved by Andrew Wilkins, P. Geo., a qualified person as defined under the terms of National Instrument 43-101.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada and the southwest United States. The Company's portfolio of exploration properties includes the flagship Ruby Creek Property, 14 km east of Atlin, BC; the Que Project, 70 km north of Johnson's Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; and the Lindsay Project in southeast Arizona.
Source :
newswire.ca
GLTA ! |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 10/28/2024 9:43:19 AM | | | | | | Stuhini Announces Option of Red Hills Silver Property
VANCOUVER, BC, Oct. 28, 2024 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) (OTCQB: STXPF) is pleased to announce that it has entered into an option agreement (the "Agreement") with Red Hills Project LLC ("RHP") dated October 25, 2024 (the "Effective Date") whereby Stuhini can acquire a 100% interest in RHP's Red Hills Property ("Red Hills" or the "Property"), located in White Pine County, Nevada (the "Option").
Red Hills is a polymetallic, carbonate replacement deposit (CRD) target located approximately 68 kilometres (km) northeast of Ely, Nevada, in the central portion of the Red Hills in White Pine County. The Property comprises 27 unpatented lode claims, covering 557.8 acres and is located in a favourable structural and lithostratigraphic setting. Access to the Property from Ely is approximately 137 km by paved and county-maintained roads.
From 1908-1918, the Property had limited historic production from gossan pods accessed by three adits, totalling 229 ounces (oz) of gold (Au), 35,029 oz silver (Ag), 550 lbs of copper (Cu) and 789,782 lbs of lead (Pb). There has been limited drilling on the Property with the best historic result being 17 metres (m) of 129.7 grams per tonne (g/t) Ag, 0.15 g/t Au, 2.42% Pb, 0.92% zinc (Zn), including 12m of 179.2 g/t Ag, 0.20g/t Au, 3.29% Pb, 1.18% Zn.
The lithostratigraphic units include the Notch Peak carbonates, which are unconformably overlain by Pogonip Group carbonates. The Eureka Quartzite, Hanson Creek and Lone Mountain dolostones overlay the latter lithostratigraphic group. The majority of the mineralization is hosted in Pogonip Group carbonates.
Alteration in the carbonates is significant and includes widespread recrystallization of the limestones, local calc-silicate alteration, extensive hematite staining, the formation of jasperoids along structures and calcite veining possibly related to decalcification at depth.
Stuhini President and CEO Dave O'Brien commented: "After a long search, we are delighted to obtain on option on the Red Hills Property, which attracted strong interest from our team ever since the initial data review. We are also pleased to obtain this Property on reasonable and non-dilutive terms as we pursue strategic options on our flagship Ruby Creek molybdenum deposit. Given the apparent footprint of the CRD target, the Company has dispatched staking crews and a geological team to expand the current land position. With the silver market starting to generate strong investor interest, particularly in the southwest USA, we believe this opportunity has the potential to create significant shareholder value."
During the 30-year term of the Agreement, Stuhini must make the following minimum payments (until the commencement of commercial production on the Property) (the "Minimum Payments") and incur the following qualified expenditures (the "Qualified Expenditures") to keep the Option in good standing:
Minimum Payments
| Payment Dates
| Qualified Expenditures
| Effective Date
| US$20,000 plus reimbursement
of BLM mining claim
maintenance fees and Nevada
mining claim fees in the amount
of $5,736.
| Nil
| 1st anniversary of Effective Date
| US$25,000
| US$75,000
| 2nd anniversary of Effective Date
| US$30,000
| US$200,000, including not less
than 3,000 feet of drilling (core or
reverse circulation)
| 3rd anniversary
| US$40,000
| US$200,000, including not less
than 4,000 feet of drilling (core or
reverse circulation)
| 4th and each succeeding
anniversary of the Effective Date
until the Commencement of
Commercial Production
| US$50,000
| Nil
|
The only committed obligations are the US$20,000 cash payment on the Effective Date and the work commitment to incur US$75,000 in qualified expenditures in the first year. The balance of the Minimum Payments and Qualified Expenditures are all at the Company's election should it wish to maintain the Option after year 1.
In addition to the Minimum Payments, Stuhini must make certain milestone payments ("Milestone Payments") as follows:
- a one-time payment of US$250,000 upon completion of a technical report on the Property disclosing a resource containing at least 250,000 troy ounces of gold equivalent2.
- a one-time payment of US$500,000 (the "Feasibility Report Milestone Payment") on completion of a positive feasibility report on the Property3.
- a one-time payment of US$1,000,000 on commencement of commercial production;
Stuhini may exercise the Option at any time by making a cash payment of US$400,000 (in addition to any Minimum Payments and Milestone Payments already made) and completing the cumulative Qualified Expenditures. Upon exercise of the Option, RHP will be entitled to a 2.5% gross returns royalty (the "Royalty") on the Property, subject to Stuhini's right to purchase 60% of the Royalty (representing 1.5% of the gross returns) for US$1,500,000 within 30 days of the Feasibility Report Milestone Payment accruing. Minimum Payments made after the exercise of the Option shall be credited against the Royalty payments. The technical disclosures contained in this news release have been approved by Ehsan Salmabadi, P.Geo., and VP Exploration and Project Development for Stuhini, who is a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada and the southwest United States. The Company's portfolio of exploration properties includes the flagship Ruby Creek Property, 14 km east of Atlin, BC; the Que Project, 70 km north of Johnson's Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; the Red Hills Project in Nevada and the Lindsay Project in southeast Arizona.
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.
For further information please contact:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration Ltd.,
Email: dobrien@stuhini.com,
Phone: (604) 835-4019,
Web: www.stuhini.com
Source :
https://www.newswire.ca/news-releases/stuhini-announces-option-of-red-hills-silver-property-830738603.html |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 10/29/2024 10:18:24 AM | | | | | | Stuhini CEO to Present at the Emerging Growth Conference
Stuhini CEO Dave O'Brien will be giving a presentation of the company
from 12:35 to 1:05 pm on October 31
Free registration to access the conference presentations here :
goto.webcasts.com
GLTA ! |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| From: pstad60 | 11/2/2024 12:35:01 PM | | | | | | Sept 26 2024 Interview with Stuhini CEO Dave O'Brien
Molybdenum Madness: Why You Should Invest in Stuhini Exploration !
m.youtube.com
29 minutes in length.
Some interesting comments throughout .
GLTA |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: pstad60 | 11/19/2024 9:31:39 AM | | | | | | Stuhini Stakes New Ground at Red Hills Silver Property,
VANCOUVER, BC, Nov. 19, 2024 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSXV: STU) and (OTCQB: STXPF) is pleased to announce an expansion of its land holdings at its Nevada Red Hills Project (the "Project" or "Property") through additional claim staking by the Company. The size of the land position has increased from 557.8 acres to (225.7 hectares) to 2396.7 acres to (969.9 hectares).
The new claims were staked to cover areas where fieldwork identified the formation of jasperoids along structures, recrystallized limestones, localized calc-silicate alteration, hematite staining, and calcite veining. Samples of altered bedrock were collected for analysis and will be used with other datasets to identify potential drill targets. Upon exercise of the Red Hills Option Agreement, the project vendors will be entitled to a 2.5% gross returns royalty on the newly staked grounds, subject to Stuhini's right to purchase 1.5% of the royalty for US$1.5 million. (see News Release dated Oct 28, 2024 for more details on the royalty)
Stuhini President and CEO, Dave O'Brien, commented: "Based on a site visit and a review of the data on the Red Hills Project, it was clear that additional ground needed to be staked to cover the larger alteration footprint of the target. Both recent and historical fieldwork programs have highlighted this new ground as needing further investigation. We are confident in the untapped potential of this Project and believe that our comprehensive efforts will lead to compelling exploration targets."
The technical disclosures contained in this news release have been approved by Ehsan Salmabadi, the Company's Vice President Exploration and Project Development and P. Geo., who is a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Red Hills Project
Red Hills Project is a polymetallic, carbonate replacement deposit ("CRD") target located approximately 68 km northeast of Ely, Nevada, on the southwestern flanks of the Kern Mountains in the central portion of the Red Hills in White Pine County. The Project is located in a favourable structural and lithostratigraphic setting. Access to the Property from Ely is approximately 137 kilometres ("km") by paved and county-maintained roads.
From 1908-1918, the Property had limited historic production. There has been limited drilling on the Property, with the best historic result being 17 metres ("m") of 129.7 grams/tonne ("g/t") Ag, 0.15 g/t Au, 2.42% Pb, 0.92% Zn, including 12m of 179.2 g/t Ag, 0.20 g/t Au, 3.29% Pb, 1.18% Zn.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada and the southwest United States. The Company's portfolio of exploration properties includes its flagship Ruby Creek Property, 14 km east of Atlin, BC; the Red Hills Project, 68 km northeast of Ely, Nevada; the Que Project, 70 km north of Johnson's Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; and the Lindsay Project in southeast Arizona.
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.
For further information please contact:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration Ltd.,
Email: dobrien@stuhini.com,
Phone: (604) 835-4019,
Web: www.stuhini.com
Source:
newswire.ca
. |
| | Stuhini Exploration | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
