Post by
Tad on Apr 11, 2024 12:41am
Molybdenum deposit, high grade silver samples at Ruby Creek
Bailey2,
We already have the well delineated 476 million lb molybdenum deposit at Ruby Creek, which makes this severely undervalued at a current C$11.5 million market cap .... considering Zijin Mining paid approx. US$0.16/lb in the ground for the Shapinggou moly deposit in China back in Oct 2022. That price would equate to roughly C$102 million for the Ruby Creek moly deposit using US$0.16/lb in an acquisition.
With silver now breaking out from a 4 year holding pattern, recall that the Ruby Creek project also has some very prospective high grade silver grab samples at both the "Silver Surprise" and "Daybreak" targets approx 5 km north of the known moly deposit.
Feb 2022 News release :
[url=]https://www.stuhini.com/022222-news-release[/url]
"Silver Surprise Highlights ·
- Three mineralized structures were found within approximately 200 metres (m) of the silver-bearing quartz vein identified in a 2020 sample which assayed up to 14,179 grams/tonne silver (“g/t Ag”) and 1.49 g/t gold (“Au”).
- 57 rock samples collected with assay results up to 16,030 g/t Ag. · 17 of the samples graded over 1,000 g/t Ag with 10 samples grading over 5,000 g/t Ag.
- The high-grade silver-bearing quartz vein discovered in 2020 was traced for an additional 200 m.
Daybreak Highlights
- 31 rock samples taken with assay results up to 13,250 g/t Ag and 5.02 g/t Au.
- 2 of the samples graded over 1,000 g/t Ag.
Would also be interesting to see if Stuhini and Teck make some sort of agreement on their Big Ledge project near Revelstoke B.C. Stuhini's Big Ledge Project surrounds Teck's land holdings that contains a significant zinc deposit that potentially extends onto Stuhini's land package.
GLTA !