Stuhini Exploration Provides Update on 2023 Exploration at Volcanic Creek Moly Target, part of Ruby Creek Project in British Columbia - InvestmentPitch Media Video

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2023) - Stuhini Exploration Ltd. (TSXV: STU) (OTCQB: STXPF), a mineral exploration company focused on the exploration and development of its precious and base metal properties in western Canada and the southwest United States, has provided an update on its 2023 exploration at its Volcanic Creek Molybdenum target, part of its Ruby Creek Project in British Columbia.

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The company's portfolio of exploration properties includes its flagship Ruby Creek Property, 14 km east of Atlin, BC; the Que Project, 70 km north of Johnson's Crossing, Yukon; the South Thompson Nickel Project, 35 km northwest of Grand Rapids, Manitoba; the Big Ledge Property, 57 km south of Revelstoke, BC; and a portfolio of 2 properties in southeast Arizona.

In February, Stuhini acquired the Volcanic Creek Molybdenum target by staking 848.1 hectares in 1 new claim block contiguous to the north of its existing Ruby Creek tenures and approximately 4 km north of its flagship Ruby Creek Molybdenum Deposit. The new claim, situated in the headwaters of Volcanic Creek, is referred to as the "Volcanic Creek Moly" showing in BC Minfiles.

The company released the results from 9 rock grab samples which ranged from 1.01 % moly to 0.017 % moly from mineralization style similar to Ruby Creek, stretching across an area of up to 900 meters distance between outcrops. The mineralization consisted of coarse rosettes in quartz veins and moly veinlets analogous to those at the Ruby Creek Molybdenum Deposit found in float and outcrop.

Previous historic exploration work reported mineralization at surface and includes two drill holes by Placer Development Ltd. in 1981, with Hole DDH 81-1 having intersected 24.38 metres of 0.066% molybdenum disulfide ("MoS2") or 0.040% moly, starting at a depth of 33.53 metres, including 6.10 metres of 0.14% molybdenum disulfide or 0.082% moly.

The road accessible 29,479-hectare Ruby Creek Project hosts 48 different documented mineral occurrences on the property, of which 16 are gold-related, with 7 significant gold placer creeks. The property hosts the 100%-owned Ruby Creek Molybdenum deposit, subject to a 1% NSR, which hosts a measured and indicated pit constrained resource of 433 million lbs molybdenum using US$15.00 per lb molybdenum prices and a 0.02% cut-off grade.

In addition to moly, Ruby Creek has 4 high priority silver targets with Ruffner, a former silver producer, last explored by Homestake in the '90s. Daybreak, a new higher-grade discovery from 2021, sampled as high as 13,250 g/t silver.

The shares are trading at $0.19. For more information, please visit the company's website, www.stuhini.com, contact David O'Brien, President & CEO, at 604-835-4019 or by email at DObrien@stuhini.com.

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