Stina Reports on Trench Results, Outlines Diamond Drill Targets for Dime
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/02/10 -- Stina Resources (the 'Company') (TSX VENTURE: SQA) reports that all sample analytical data from grid soil and trench samples (2600 soils, 247 bulk rock samples) on the Dime Property, located in the Yukon, confirm that soil anomalies are underlain by bedrock rubble-crop that reproduces the anomalies at better grades. Three gold soil anomalies (Western, Central and Eastern) are apparent. The Western and Eastern anomalies were trenched and rock sample results confirm the soil results. The Central anomaly has yet to be followed up on.
West Anomaly
Trenches 2-4 defining a east trending 200 m soil and bulk rock trench sample anomaly, previously reported (see news release dated August 11/10) showed a 30 meter zone of silicified metasedimentary rocks returning 0.168 gm/t Au between 5-35 meters.
(a) Trench 3 located 100 meters east of Trench 2 returned samples of 232 and 288 ppb Au over two consecutive five-meter sample intervals.
(b) Trench 4 located 100 meters east of TR-3 returned 0.264 gm/t Au over 15 meters between 5-20 meters.
East Anomaly
The East Anomaly, is located 2.5 km east of the West Anomaly, trench samples have highlighted an area of anomalous gold that returned up to 1,490 ppb Au over a five-meter interval from 65-70 meters as well as a number of other samples in the 100-200 ppb range. From 65-115 meters, the trench assays have returned 0.205 gm/t Au over 50 meters.
Core Drilling
Crews are currently on site preparing drill pads on both the West and East anomaly, for a planned drill program to further explore these anomalies. A total of six diamond drill holes have been planned for a total of 750 meters on these two anomalies.
Three to four holes will be drilled on the West Anomaly over Trenches 2 and 4. These trenches produced anomalous gold and are approximately 200 meters north of a 6,082 ppb gold in soil anomaly (see news release dated Feb 8/10). The drill will then be mobilized to the East Anomaly to complete two additional holes over Trench 7 which returned an assay of 1,490 ppb Au over 5 meters. In this zone anomalous areas are underlain by strongly oxidized metasedimentary rocks with abundant iron oxide, manganese staining and oxidized pyrite.
Kluane Driling Co. of Whitehorse, YT has been contracted to perform the diamond drilling on this project. Drilling is expected to start next week on the property.
The Company expects to release a map showing all of the Dime trenches and proposed drill pads early next week.
There has been insufficient exploration to define a Mineral Resource on the Dime Property, 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.
Our website is www.stinaresources.com.
On Behalf of the Board of Directors,
Jim Wall, Controller
Contacts:
Stina Resources Ltd.
Jim Wall
Controller
1-800-545-9940
www.stinaresources.com