Stuhini Exploration Ltd. STXPF

Stuhini Stakes Nickel Property

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VANCOUVER, BC, May 27, 2021 /CNW/ - Stuhini Exploration Ltd. (the "Company" or Stuhini") (TSXV: STU) is pleased to announce that it has acquired through staking seven Mineral Exploration Licenses (MEL) covering 47,509 hectares along the southern extent of the Thompson Nickel Belt, approximately 35 km northwest of Grand Rapids, Manitoba. The five separate MEL blocks (T1, T2, T3, T4, and T5; Figure 1) cover prospective ground that hosts relatively untested target horizons and covers parts of the Winnipegosis Komatiite Belt.

Figure 1 - Map of staked tenures (CNW Group/Stuhini Exploration Ltd.)

Figure 2 – 2007 VTEM Electromagnetic Anomalies over a portion of the T1 block. (CNW Group/Stuhini Exploration Ltd.)

Sporadic drilling in the 1980s and 1990s encountered anomalous nickel grades such as 0.37 % Ni over 45.7 metres, along with 0.52 % Ni over 4 metres (diamond drill hole GR-1-83, T1 block). Nickel depletion within dunites and komatiites ranging from 167 ppm to 850 ppm Ni over 194 metres (diamond drill hole RP91-1A, T5 block) is interpreted to represent nickel dropping out of the magma and settling to form a sulfide body. Furthermore, T2 to T5 blocks have not had any modern deep-penetrating airborne electromagnetic geophysical surveys flown over them and have only been surveyed using older systems from the 1990s. The T1 block has received partial coverage by a VTEM survey in 2007. The results of the 2007 survey generated coincident electromagnetic/magnetic anomalies referred to as the TEX 1 target in Figure 2. This target has not been drilled. Previously in 1997, Falconbridge had drilled a single hole (DDH WL97-183) which intersected the southern edge of the TEX 1 electromagnetic anomaly, and encountered 27.85 metres of 0.32% Ni starting at a depth of 118.15 metres.

Dave O'Brien, Company President and CEO, commented, "Since conception of the  Company, the geological team has reviewed numerous projects and we felt these South Thompson Nickel prospects were too attractive to pass up on. These historic exploration targets have seen minimal modern exploration work and we are hopeful that new advances in geophysical survey methods will lead to new discoveries."
 

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 the exploration and development of precious and base metal properties in western Canada, with its focus on the Ruby Creek Property located approximately 20 km east of Atlin, BC; the South Thompson Project located approximately 35 km northwest of Grand Rapids, Manitoba; the Que Property located approximately 70 km north of Johnson's Crossing in the Yukon.   
 

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:
David O'Brien, President & Chief Executive Officer, Stuhini Exploration Ltd.,
Email: [e-mail],
Phone: [phone],
Web: www.stuhini.com

https://www.newswire.ca/news-releases/stuhini-stakes-new-nickel-property-889788884.html