StraightUp Resources (CSE: ST) (OTCQB: STUPF) today announced that its 2021 ground exploration and heli-bourne magnetic surveys on the Ferdinand Gold Project (the “property”) are complete. According to the update, all available geologic data has been compiled by Orix Geosciences, with their structural interpretation confirming multiple areas of high merit and potential mineralization on the property. StraightUp Resources has the right to acquire 100% interest in the property consisting of 17 contiguous mining claims covering 7,143 hectares located in the south Uchi greenstone belt, 120 km east of Red Lake, Ontario. “We now have confirmation of D2 folding and ultramafic rocks, together considered to be a primary control for high-grade gold mineralization in this region, especially the Great Bear Resources Dixie Lake Gold Project,” said StraightUp’s president and CEO Mark Brezer. “This study represents a transformation of the Ferdinand Gold Project, and we couldn’t be more excited about the road ahead in this unexplored and unappreciated section of the infamous Uchi subprovince.”
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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 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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