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Straightup Resources Inc
Symbol ST
Shares Issued 16,138,001
Close 2020-08-13 C$ 0.29
Recent Sedar Documents

Straightup samples up to 24.8 g/t Au at Belanger

2020-08-13 10:09 ET - News Release

Mr. Matthew Coltura reports

CONFIRMATION OF GOLD MINERALIZATION RECEIVED FOR THE BELANGER PROPERTY

Straightup Resources Inc. has received sample results from a recent visit to the Belanger property. As part of the company's program to confirm historical information, Tim Twomey examined the property in July, 2020. As part of his examination, he took 22 grab and chip samples at three exposed mineral occurrences, known as trenches C, D and E. One rock sample was sent for whole-rock analysis, and results are pending. The assay results and short notes are tabulated in an attached table.

Gold mineralization is associated with disseminated pyrite and chalcopyrite in sheared mafic volcanics, felsic dikes and metasediments, as well as within deformed quartz veins.

The samples were analyzed by Actlabs in Thunder Bay, Ont., an ISO 17025-certified, full-service, high-capacity geochemistry laboratory. All samples were analyzed utilizing fire assay preparation techniques, followed by atomic absorption analysis. Three samples assayed higher than 5,000 parts per billion and were subsequently analyzed using fire assay preparation methods, followed by gravimetric analysis. Geochemical standards inserted in the sample stream reported accurate gold contents.

Chief executive officer Matthew Coltura commented: "We are extremely pleased with the excellent gold assays from Mr. Twomey's recent visit and sample results. It is particularly exciting to note the high grades encountered in these samples and the fact that gold mineralization occurs in several different rock types. Mr. Twomey's assay results and his structural observations mirror the historical comments regarding geology, alteration and gold mineralization of prior operators and the excellent potential for additional gold discoveries on the Belanger property."

Qualified person

John E. Hiner, licensed geologist, a registered member of the Society for Mining, Metallurgy & Exploration, a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis of this news release and has approved the disclosure herein. Mr. Hiner is not independent of the company, as he is a director of the company and holds stock options in the company.

About Straightup Resources Inc.

Straightup Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objectives are to locate and develop economic precious and base metal properties of merit. In addition to the Red Lake division properties, Straightup intends to conduct on the Hi-Mars property. The Hi-Mars property consists of 11 contiguous mineral titles, covering an area of 1,788 hectares, located approximately 17 kilometres northeast of Powell River in southwestern British Columbia, Canada, within the Vancouver mining division.

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