Stina Initiates Yukon Work Program in Dawson Mining District
VANCOUVER, BRITSH COLUMBIA -- (Marketwire) -- 06/14/10 -- Stina (TSX VENTURE: SQA) ('the Company') announces that it has initiated its exploration program on the Dime Property, located in the Dawson Mining District, YT. The Company has contracted Ground Truth Exploration Inc. from Dawson City, YT to conduct approximately 2,600 soil samples on the property, establishing a grid over the former Teck Ten Grid Target, as well as to the northeast, covering approximately two-thirds of the property in total. Samples will be processed by ACME Laboratories in Whitehorse, YT, and assays completed at their facilities in Vancouver, with results announced as soon as available.
An excavator has been mobilized to the property to start exploration trenching, which will be conducted concurrently with the soil survey, lasting approximately 20 days, followed by electromagnetic surveying where necessary. Stina plans to drill on the former Teck target, as well as other indicated targets on the Dime property in August 2010, and has signed a contract with Kluane Drilling Ltd. of Whitehorse. The budget for the Dime property is approximately CAD $600,000.
In the fall of 2009 a smaller 191-soil sample program was conducted, collected on a grid covering about 37 hectares on the Dime property. The gold values in the survey reached as high as 6,082 ppb, or 6 g/t Au and defined an easterly trend.
Exploration on the Kodiak property, approximately 75km to the south of Dime will also be initiated early next week, with news forthcoming, and will also include soil grid sampling and trenching.
The Kodiak Property lies directly south of Underworld's (recently acquired by Kinross) White Gold Property and directly to the north of Kaminak's Kirkman and Coffee properties.
There has been insufficient exploration to define a Mineral Resource on the Dime and Kodiak Properties, and it is uncertain as to whether, or not, further exploration will result in the discovery of a Mineral Resource on the property. Ed Ullmer,P. Geo of Westminster, CO. is a designated Qualified Person for the Company and was responsible in part for the, preparation, amendments and review of this news release.
On behalf of the Board of Directors,
Jim Wall, Controller
Contacts:
Stina Resources Ltd.
Jim Wall
Controller
1-800-545-9940
www.stinaresources.com