Stina Announces Completion of Trenching Program and Results From 2010 Soil Survey on Kodiak Property, White Gold District, YT
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/01/10 -- Stina Resources Limited ('the Company') (TSX VENTURE: SQA), announces that it has completed its trenching program on the Kodiak Property in the Dawson Mining District, Yukon Territory, located 15 km south of the White Gold deposit of Kinross Gold Corporation. A total of 383m of trenching has been completed in three trenches based on soil geochemical anomalies obtained in 2009. The maximum gold value in the 2009 survey was 308.2 ppb from a northwesterly trending anomaly (Main NW Trend), with a less pronounced northerly trend (Zipper Trend) also evident in the survey
The updated geo map can be viewed at: www.stinaresources.com/pdf/KodiakNew-1.pdf
The Kodiak trenches intersected quartz-sericite altered augen gneiss with some quartz veining, limonite and minor cubic pyrite, similar to the rocks encountered at the White Gold deposit and Kaminak Gold Corporation's Coffee property. Trench samples are being processed by ACME Laboratories in Whitehorse, YT, and assays completed at their facilities in Vancouver. Results from the 2010 trenching program will be announced as soon as available.
Complete results from the 2010 soil survey have now been received. Ground Truth Exploration Inc. of Dawson City, YT completed 1,886 soils in 2009 and 2,037 in 2010 for a total of 3,923 samples, covering approximately 60% of the property. The 2010 survey adjoins the 2009 survey to the west and south and included fill in sampling along the Zipper Trend within the 2009 survey area.
Results from the 2010 soil survey have extended the main 2009 northwest trending soil anomaly (Main NW Trend) to a strike length of 4 km and defined a second parallel 4 km long anomaly, with values up to 856.8 ppb gold, (#2 NW Trend) approximately 1 km to the southwest (Figure 1). The 856.8 ppb gold location could not be trenched due to steep topography. Infill sampling on the Zipper Trend in 2010 has outlined a gold anomalous zone at the junction of the northerly Zipper Trend with the Main NW Trend. Soil samples were processed by ACME Laboratories in Whitehorse, YT, with analyses completed at their facilities in Vancouver. ACME is an IS0 9001:2008 accredited facility, certificate number FM 63007.
Stina expects to announce further exploration plans for the Kodiak, including 2011 drilling in the next few weeks.
Drilling Results from the Dime Property are forthcoming and expected this week.
There has been insufficient exploration to define a Mineral Resource on the Kodiak Property, and it is uncertain as to whether, or not, further exploration will result in the discovery of a Mineral Resource on the property. Jean Pautler, P. Geo. 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