April 14, 2021 TSX-V:STNG
Cardston, Alberta–(Newsfile Corp. – April 14, 2021 ) – Stinger Resources Inc. (TSXV: STNG) (“the Corporation”) is pleased to report that exploration, including Phase 1 drilling, is underway on the company’s 100% owned Dunwell Mine property located in the Golden Triangle of British Columbia.
Because of the exceptional logistics of the Dunwell Mine, above ground drill programs can be carried out in an otherwise inhospitable region at this time of the year. The objective of the Phase I program is to test the first of multiple IP / Mag geophysical targets identified over the last two years as detailed in the NI43-101 report filed in late 2020.
Preliminary drilling at the Dunwell in 2019 intersected a significant number of high-grade polymetallic vein systems in the vicinity of the historic mine workings including 20.3 g/t AuEq over 2.7m, 19.4 g/t AuEq over 3.6m, 38.1 g/t AuEq over 0.5m, 18.4 g/t AuEq over 1.5m, 28.6 g/t AuEq over 0.5m and 28.4 AuEq over 0.4m, 24.4 g/t AuEq over 0.5m and many other intercepts containing significant mineralization.
CEO and President, Darren Blaney stated: “Phase I exploration and drilling on the Dunwell Mine is designed to help our understanding of the mineralizing events that took place within the Portland Canal Fissure Zone. We believe that the mineralization is structurally controlled and that there is a connection between the many high-grade showings and past producing areas that stretch over 6 kilometers.
This Phase 1 program is designed to test several areas along strike within 500m to the south, and within 300m north, of the historic Dunwell mine along the Portland Canal Fissure Zone. We’re also excited about the exploration potential at the southern end of the project within our Glacier Creek Crown Grants in the vicinity of the Mobile and Ben Bolt showings. The Mobile historically produced 12 tons @ 2.7 g/t Au, 8,247 g/t Ag and the Ben Bolt had a chip sample crossing 4.3m of 2.4 g/t Au, 193 g/t Ag, 15% Pb, 3.2% Zn, 0.9% Cu.
The Dunwell is an incredibly prospective property located in the heart of the Golden Triangle. It has everything going for it from amazing logistics to past high-grade production, with all indications being that there is substantive additional ore yet to be discovered.
With the 2020 acquisition of the Glacier Creek Crown Grants, we now cover 5km of the heavily mineralized Portland Canal Fissure Zone which runs for 6.5km and is associated with over a dozen high-grade gold and silver showings including two past producing mines. The potential of the property extends far beyond the old workings of the Dunwell Mine. Current and future exploration will be using the latest technologies to aid us in unlocking that potential.”
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Property Description and History
Through a series of strategic acquisitions, former owner, American Creek, was able to purchase the past-producing Dunwell Mine as well as several adjoining very prospective properties, combining them into one large land package that encompasses the best gold and silver mineral occurrences and historic workings in the Bear River valley. The amalgamated property spans 2,222 hectares covering the majority of the Portland Canal Fissure Zone, an area first prospected in the late 1800’s and hosting some of the earliest producing gold and silver mines in the Stewart area.
The Dunwell project is located 8km northeast of Stewart and is road accessible with the main Dunwell Mine adit itself located only 2km from Highway 37A and a major power line, and with an existing mine road right to the adit entrance. Stewart hosts a deep sea port including ore loading and shipping facilities. Unlike the majority of mineral properties located near Stewart, the Dunwell is located in low mountainous terrain (700 m and lower elevation) with relatively moderate relief. These features allow for year-round work which usually isn’t the case for exploration programs conducted in the Stewart region where projects are typically at higher altitude, are accessible only by helicopter, and lack critical infrastructure such as roads and power. The Dunwell project may just have the best logistics of any project in the Golden Triangle.
The Dunwell Mine is the most significant mineral occurrence within the Portland Canal Fissure Zone. Production at the Dunwell occurred between 1926 and 1937. From historic reports, it appears that a total of 45,657 tonnes averaging 6.63 g/t gold, 223.91 g/t silver, 1.83% lead, 2.43% zinc and 0.056% copper were produced.
In addition to the Dunwell mine itself, the property package also contains over a dozen other high-grade gold and silver occurrences and historic small-scale gold/silver high-grading operations along a north/south trend that correlates to the fissure zone and major faulting. Some examples of the nine areas that actually produced ore are:
- Ben Ali: 4,500 tons at 21.6 g/t gold
- Lakeview 60 tons at 4.7 g/t gold, 2,734 g/t silver, and 11.5% lead
- Victoria East 11 tons at 20.15 g/t gold, 775 g/t silver, 25% lead
- Tyee 8.2 tons at 124.4 g/t gold and 4,478.8 g/t silver
- George E 12 tons at 13 g/t gold and 3,250 g/t silver, 23.3% lead
- Mobile 12 tons at 2.7 g/t gold and 8,247 g/t silver
Each of these areas were in production during the 1930’s when exploration techniques and technology were very primitive by today’s standards. Stinger Resources is employing the latest in exploration technology to unlock the great potential that exists here.
For more information on the Dunwell Mine please CLICK HERE
Qualified Person
The Qualified Person for the Dunwell Project is James A. McCrea, P. Geo., for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
About Stinger Resources
Stinger holds interests in gold and silver properties in British Columbia, including the 100% owned past producing Dunwell Mine which is located near Stewart in the prolific “Golden Triangle”.
The Company also holds the D1 McBride project, also located in the “Golden Triangle”.
In addition, Stinger owns the Gold Hill project located near Fort Steele, as well as optioned interests in the Ample Goldmax, Silver Side and Glitter King properties, all of which are located in other prospective areas of the Province of British Columbia.
For further information please contact Kelvin Burton at:
Phone: 587-271-0999
Email: kburton@stingerresources.com
Further information about Stinger can be found on its website at: www.stingerresources.com
Cautionary Statements Regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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