- StraightUp Resources (ST) has completed its 2021 ground exploration and heliborne magnetic surveys on the company’s Ferdinand Gold Project
- All available geologic data has also been compiled
- The British Columbia company’s structural interpretation confirms multiple areas of high merit and potential mineralization
- The company has the right to acquire a 100-per-cent interest in the property, located 120 kilometres east of Red Lake, Ontario
- StraightUp Resources is unchanged, trading at $0.18 at 2:13 pm EST
StraightUp Resources (ST) has completed its 2021 ground exploration and heliborne magnetic surveys on the company’s Ferdinand Gold Project.
All available geologic data has also been compiled.
The British Columbia company’s structural interpretation confirms multiple areas of high merit and potential mineralization on the property.
The company has the right to acquire a 100-per-cent interest in the property consisting of 17 contiguous mining claims covering 7,143 hectares located in the south Uchi greenstone belt, 120 kilometres 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. 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,” said StraightUp President and CEO Mark Brezer.
Orix Geoscience has been contracted by the company and has identified the projects’ structural features, lithological contacts and rock types associated with potential gold and base metal mineralization.
StraightUp Resources is unchanged, trading at $0.18 at 2:13 pm EST.