Stuhini Exploration Ltd. STXPF

Primary Symbol: V.STU

Stuhini Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the exploration and development of precious and base metals properties in western Canada and south-western United States. The Company's portfolio of exploration properties includes Ruby Creek Project, Que Project, South Thompson Project and Big Ledge Property. The Company’s flagship the Ruby Creek project is located approximately 14 kilometers (km) east of Atlin, British Columbia. The Que project is located approximately 70 km north of Johnson's Crossing in the Yukon. The South Thompson project is located approximately 35 km northwest of Grand Rapids, Manitoba. The Big Ledge property is located approximately 57 km south of Revelstoke, British Columbia. The Company also has a portfolio of properties in south-east Arizona.

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Stuhini Exploration Ltd.

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Post by Tadon Nov 09, 2021 8:51am

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Post# 34103888

Stuhini hires Mine Development Associates for Ruby Creek

Stuhini Provides Exploration Update on the Ruby Creek Molybdenum Project

VANCOUVER, BC, Nov. 9, 2021

VANCOUVER, BC, Nov. 9, 2021 /CNW/ - Stuhini Exploration Ltd. (the "Company" or Stuhini") (TSXV: STU) is pleased to provide a technical update on its Ruby Creek Molybdenum project located 35 kilometres (km) by road east of Atlin, BC.

The Company has retained Mine Development Associates (MDA), a division of RESPEC, to update the 2009 Ruby Creek molybdenum historic resource estimate, which was prepared for a prior operator, into a current mineral resource estimate. The data review, modelling and resource estimation will be conducted in accordance with NI43-101 standards by the MDA associates and qualified persons, Steve Ristorcelli, P.Geo., and Peter A. Ronning, P.Eng..

Mr. David O'Brien President & CEO of Stuhini stated: We are honoured to be working with such a reputable firm as MDA. With the steady increase in the price of molybdenum over the past 16 months, the Company and its Board have initiated a strategic review process that encompasses an evaluation of the Company's development strategy and business plan. Simultaneously our technical team has been working on re-compiling the vast dataset on the Ruby Creek molybdenum project in preparation for project advancement.

Stuhini has recently been utilizing the services of proactive investor to help communicate via video relevant news releases to the investment community and a brief video highlighting this release can be found on the Company website or by clicking the link below:

Proactive Investor interview with Dave O'Brien, President & CEO of Stuhini Exploration

The Company also announces the grant of stock options to a consultant to purchase 120,000 common shares of the Company at $0.60 per share until November 9, 2023. The options will not be subject to any vesting requirements and are subject to the terms of the Company's Stock Option Plan and TSX Venture Exchange approval.

About Stuhini Exploration Ltd.

Stuhini is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada. The Company's portfolio of exploration properties includes its flagship the Ruby Creek Property located approximately 20 km east of Atlin, BC, the Que Project located approximately 70 km north of Johnson's Crossing in the Yukon, the South Thompson Project located approximately 35 km northwest of Grand Rapids, Manitoba and the Big Ledge Property located approximately 57 km south of Revelstoke, BC.

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.