Stuhini Exploration Ltd. announces the grant of stock options to directors, officers, employees and consultants to purchase an aggregate of 425,000 common shares of the Company at an exercise price of $0.25 per share for a five year term expiring February 28, 2025. The option grants vest in stages of 25% every three months such that all options will fully vest by February 28, 2021 subject to meeting the terms and [...]
Stuhini Exploration Ltd. is pleased to announce that it has entered into an option agreement with Nokuyukon Holdings Ltd., an arm's length vendor , whereby Stuhini can acquire a 100% interest in the Vendor's Que Property , located in the south-central Yukon Territories, Canada . The Property was first staked in the mid 1960's after the discovery of several large rusty, gossanous kill zones. The rust zones are believed to [...]
Stuhini Exploration Ltd. is pleased to announce completed compilation of assay results from its August 2019 due diligence examination of the recently optioned Ruby Creek Property . Highlights Encouraging mineralization on all portions of the property examined. Up to 5.32 grams per tonne gold, 1172 g/t silver, 0.45% copper, 6.37% zinc and >10% lead from surface grab samples taken from outcrop peripheral to the historic [...]
Stuhini Exploration Ltd. is pleased to announce that it has received TSX Venture Exchange approval of the option agreement with Global Drilling Solutions Inc. . Pursuant to the Agreement, Stuhini has the option to acquire a 100% interest in Global Drilling's Ruby Creek Property , located in north western British Columbia, Canada as further disclosed in the Company's news releases dated July 30, 2019 and November 20, 2019 [...]
Stuhini Exploration Ltd. is pleased to announce the completion of its non?brokered private placement. The Company issued 1,400,000 common shares that qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of $0.22 per Flow-Through Common Share for aggregate gross proceeds to the Company of Cdn$308,000 . The gross proceeds from the sale of the Flow-Through Common Shares will be used to incur [...]
Stuhini Exploration Ltd. is pleased to announce a non?brokered private placement consisting of up to 1,400,000 common shares of the Company that qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of $0.22 per Flow-Through Common Share for aggregate gross proceeds to the Company of up to Cdn$308,000. The net proceeds from the sale of the Flow-Through Common Shares will be used to incur [...]
Stuhini Exploration Ltd. is pleased to announce that the Ruby Creek Option Agreement entered into between the Company and Global Drilling Solutions Inc. received approval of 100% of the votes cast at the Company's Annual General Meeting held on November 28, 2019. All other matters, consisting of the election of directors, appointment of auditors and re-approval of the Company's 10% "rolling" stock option plan, were [...]
Stuhini Exploration Ltd. provides the following update since completion of its initial public offering and listing on the TSX Venture Exchange in late May of this year. The Company was able to secure a geological team for a modest 7 day work program based out of Atlin in late August. The plan for this program was threefold: to conduct work on the Metla Phase 1 exploration program to conduct further diligence on the Ruby [...]
Stuhini Exploration Ltd. wishes to provide certain additional disclosures to supplement its information circular dated October 23, 2019 in connection with the annual general meeting of shareholders of the Company to be held on November 28, 2019. At the Meeting, the shareholders of the Company will be asked to approve, amongst other things, the Ruby Creek Option Agreement , whereby the Company can acquire a 100% interest [...]
Stuhini Exploration Ltd. is pleased to announce the filing of a technical report titled "Technical Report on the Ruby Creek Project Within the Atlin Gold Camp British Columbia, Canada" with an effective date of October 22, 2019. The Technical Report was completed for the Company by Nicholas Clive Aspinall, an independent Qualified Person, in accordance with National Instrument 43-101 – Standards of Disclosure for [...]
Stuhini Exploration Ltd. is pleased to announce the completion of its non-brokered private placement on September 18, 2019. The Company issued a total of 2,500,000 common shares for gross proceeds of $470,000. Eric Sprott, the Company's new strategic investor, subscribed for 1,000,000 common shares for gross proceeds of $170,000. The net proceeds of the Private Placement will be used to advance exploration on the [...]
Stuhini Exploration Ltd. wishes to clarify that the proceeds of the private placement announced on August 16, 2019 will not be used in relation to the Ruby Creek Property. As announced on July 30, 2019, the Company entered into an option agreement to acquire a 100% interest in the Ruby Creek Property, which agreement remains subject to TSX-V and disinterested shareholder approval. The private placement is fully [...]