Stina Adds 180 More Claim Blocks to Dime Property in Yukon
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/04/10 -- Stina Resources Ltd. ('the Company') (TSX VENTURE: SQA) announces that it has more than doubled the size of its Dime Property in the Yukon by staking an additional 180 claims on the west, north and east of the previous 128 Dime claims. This brings the total Dime claims to 308, increasing the property size from 6,400 acres (25 sq km) to 15,400 acres (61 sq km).
Ground Truth Exploration of Dawson City, YT staked and registered the claims last week to increase the potential of the Dime Property, should mineralization run outside the former boundaries.
A map of the expanded Dime property is available at www.stinaresources.com/Dime_New.jpg
Stina awaits the final analytical results from a soil sample program completed on the Dime property in June, and expects to announce the results in the very near future.
The soils collected on the Dime grid are indigenous to the bed rock and is not from weathered, transported glacial till or outwash. Therefore, the gold in the soil is relatively close to its bedrock mineralization source. The east-west belt of gold appears to be largely independent of topographic influence and likely reflects a mineralized trend in the bedrock. The geology of the Ten Mile Creek area, with its numerous gold anomalies and placer occurrences, is composed of Jurassic or Cretaceous intrusive and volcanic rocks within Paleozoic metamorphic rocks. This lithologic series is known as the Tintina Belt that extends for hundreds of miles across the Yukon and Alaska and contains numerous gold occurrences including the Pogo deposit. Much of the gold mineralization appears to be directly or indirectly related to the presence of Mesozoic acid to intermediate intrusive-volcanic rocks. The Tintina Belt is currently one of the most important gold exploration areas in North America and the Dime claim block, with its promising gold anomalies, is part of it.
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. Al Doherty of Dawson, YT. 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