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Stina Resources
Ltd (TSX-V: SQA) (the "Company")
announces that it has completed a
14-hole 2,574 meters drill program on its 100% owned Dime property located
67 km southwest of Dawson City in the South Klondike/White Gold district.
Drilling commenced on August 10 and was completed on September 18. All core has been logged and sampled, and results are
pending for 1,750 core samples as well as 220 QA/QC samples including
standards, blanks and duplicates.
Other work completed during the 2011 season
included an airborne magnetometer and Radiometric survey over the entire
Dime and the Kodiak Property claim blocks. 854 additional auger
soil samples were collected, mostly over the Western Anomaly as infill
sampling. A 1,500 meter trenching program was also completed on the
Western Anomaly.
Trench samples consist of a representative
5-meter continuous chip sample of bedrock and colluviums, weighing on
average 6 lb per sample. This method has proven
to be very effective in identifying areas for additional surface work or
drilling in the South Klondike/White Gold District. Prior to
receipt of the 5-meter trench sample results collected by Stina, independent Qualified Person Jean Pautler, P.Geo conducted
independent grab samples from the same trenches and reproduced anomalous
gold values within anomalies identified from the 5 meter continuous bulk
chip samples collected by Stina crews earlier
in the season.
The 2011 drill program was designed to test anomalous
areas identified by soil and trench sampling on the Western Anomaly, and
to follow up on successful drill results from 2010 on both the Eastern
and Western anomalies (See News Release Aug 23, 2011).
Western Anomaly
Holes DDH-11-6 to 8 were
collared to follow up on drill results from 2010. DDH-10-03 in 2010
returned 4.15 gm/t Au over 1.5 m from 58.5 m
and DDH-10-04 in returned 0.71 gm/t Au
over 32 m from 50.9 m including 1.1 gm/t Au
over 9.6 m from 59.90 m. Holes DDH-11-6 to 8 intersected the
same lithologic units as holes DDH-10-03 &
10-04, including silicified and pyritized vein breccias and strongly silicified and pyrite and arsenopyrite bearing silicified zones and granitic
dykes and confirmed a steep south dipping east-west structure on the
Western Anomaly.
Eastern Anomaly
Drilling on the Eastern anomaly consisted of
2,014 meters in 11 core holes drilled primarily based on trench
anomalies. A complex cupola zone of granite intruding and
brecciating metasedimentary rocks underlies the
Eastern Anomaly. Core was strongly silicified, brecciated and hosted
disseminated pyrite and arsenopyrite over
significant widths. All core has been processed
and results are pending.
A rigorous QA/QC protocol has been followed in
2011. Samples are shipped from the property to Acme Analytical
Laboratories prep lab in Dawson City, Yukon. A 1 kg split is crushed to
80% passing 10 mesh. A second 250 g split is
pulverized to 85% passing 200 mesh. A 30 gm /Ag inquart fire assay
fusion by ICP-ES methods and a 31 element ICP analyses are completed in
Vancouver. Sample batches include Certified Standards, blanks, and
duplicates in each sample batch.
The Company is very pleased with the progress
made during the 2011 exploration season. Despite weather and logistical
challenges encumbering the entire Yukon in 2011, the Stina field staff conducted a very diligent,
and successful work program. The Company drilled within its target
range over both established 2010 targets and newly established 2011
targets on the Dime property in addition to soil sampling, trenching and
air magnetic surveying, while maintaining its exploration budget.
The Board of Directors extends a sincere thank you to VP of Exploration, Mr. Al Doherty
for his high level of standards, work ethic and professionalism over the
2011 work season, in addition to the entire field staff and consulting
geologists Jean Pautler and Jo van Randen.
YouTube Channel
The Company encourages investors to visit its
YouTube channel during the month of October as we kick off
our Yukon Mini Series. Over the next several weeks, Stina will be releasing video presentations from the
Yukon with actual footage from the Dime property, and
never seen before presentations by President James Corrigan,
CEO Jim Wall and VP of Exploration, Al Doherty. The
first release is scheduled for tomorrow, and the channel can be accessed
from the Company website.
The Company expects to receive drilling assays
over the next several weeks and will release results as they become
available and have been evaluated.
Mr. Corrigan personally wishes to thank
shareholders for their continued support through a challenging financial
period, and wishes to reiterate the Company's commitment to continued
development of its assets, and future exploration. He expects 2012
to be an even bigger year for Stina.
Al
Doherty, P. Geo, of Whitehorse, YT is a qualified person for the Company,
and assisted in the preparation of this news release
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