StraightUp Resources (CSE: ST) (OTCQB: STUPF) in 2021 expanded its access to potential assets, building a portfolio that includes options for five anticipated gold properties in Ontario, Canada’s well-known greenstone belt, acquisition of an existing gold and silver mine in the western United States, and an opportunity to acquire a silver mine and processing plant in the Lima region of Peru. Most of the company’s development work thus far has centered on the properties in eastern Canada. “The Red Lake district where the RLX North, RLX South, Belanger Red Lake, Bear Head, and Ferdinand gold properties are centered is part of a region considered one of Canada’s most prolific gold mining districts with a history of producing over 30 million ounces of the precious metal,” reads a recent article. Structural interpretation of high-resolution heli-borne magnetic surveys (“MAGs”) and subsequent ground investigation on the Ferdinand Gold Project yielded confirmation of multiple areas of high merit and potential mineralization on the 7,143-hectare (17,651-acre) site. “StraightUp is also working to complete airborne and ground investigation of the RLX North and RLX South Sites, which are the company’s largest properties at about 10,000 hectares (25,000 acres).”
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About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada and the U.S. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and the Ferdinand Gold Project, all located in the Red Lake Mining Division, as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. The company’s recently acquired West Cat Mine includes an unpatented mining claim on federal land, located in the historic Beatty Mountain Nevada Mining District/Nye County, Nevada, about 15 kilometers east of U.S. Route 95, approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF
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