StraightUp Resources (CSE: ST) (OTCQB: STUPF), a Canada-based mineral exploration and mining property acquisition company, is completing a series of acquisitions in historically proven gold districts, starting with options for the RLX North, RLX South and Belanger Red Lake gold properties in Ontario obtained last year. In addition, the company acquired the West Cat Mine across the continent in the state of Nevada and also recently acquired the Bear Head Gold Property in western Ontario. Notably, gold is a proven long-term hedge against inflation and can help investors protect against potentially excessive asset price inflation and currency debasement. In addition to the acquisitions, a recent article notes, StraightUp “has completed a high-resolution heli-borne magnetic survey (“MAG”) on the Ferdinand property and has now received a final report on the survey. StraightUp has also completed MAG surveys on RLX North and RLX South, which at about 10,000 hectares (25,000 acres) are the company’s largest area of operation currently. Ground exploration has begun and StraightUp will use the MAG surveys to help pinpoint future drill programs, president and CEO Mark Brezer has indicated.”
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About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada and the U.S. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and Ferdinand Gold Project, all located in the Red Lake Mining Division, as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. The company’s recently acquired West Cat Mine includes an unpatented mining claim on federal land, located in the historic Beatty Mountain Nevada Mining District/Nye County, Nevada, about 15 kilometers east of U.S. Route 95, approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR
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