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Straightup samples up to 24.8 g/t Au at Belanger
2020-08-13 10:09 ET - News Release
Mr. Matthew Coltura reports
CONFIRMATION OF GOLD MINERALIZATION RECEIVED FOR THE BELANGER PROPERTY
Straightup Resources Inc. has received sample results from a recent visit to the Belanger property. As part of the Company's program to confirm historical information Mr. Tim Twomey examined the Property in July 2020. As part of his examination he took 22 grab and chip samples at three exposed mineral occurrences, known as Trenches C, D, and E. One rock sample was sent for whole rock analysis and results are pending. The assay results and short notes are tabulated below.
Gold mineralization is associated with disseminated pyrite and chalcopyrite in sheared mafic volcanics, felsic dykes and metasediments as well as within deformed quartz veins.
The samples were analyzed by Actlabs in Thunder Bay Ontario, an ISO 17025 certified full-service, high-capacity geochemistry laboratory. All the samples were analyzed utilizing fire assay preparation techniques followed by atomic absorption analysis. Three samples assayed higher than 5,000 parts per billion and were subsequently analyzed using fire assay preparation methods followed by gravimetric analysis. Geochemical standards inserted in the sample stream reported accurate gold contents.
CEO Matthew Coltura commented "We are extremely pleased with the excellent gold assays from Mr. Twomey's recent visit and sample results. It is particularly exciting to note the high grades encountered in these samples and the fact that gold mineralization occurs in several different rock types. Mr. Twomey's assay results and his structural observations mirror the historical comments regarding geology, alteration, and gold mineralization of prior operators and the excellent potential for additional gold discoveries on the Belanger property."
Qualified Person
John E. Hiner, Licensed Geologist and Registered Member of SME (Society for Mining, Metallurgy & Exploration), a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis of this news release and has approved the disclosure herein. Mr. Hiner is not independent of the Company as he is a director of the Company, and holds stock options in the Company.
About Straightup Resources
Straightup is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit. In addition to the Red Lake Division properties, Straightup intends to conduct on the Hi-Mars Property. The Hi-Mars Property consists of 11 contiguous mineral titles covering an area of 1,788 hectares located approximately 17 kilometres northeast of the City of Powell River in the southwest British Columbia, Canada, within the Vancouver Mining Division.