StraightUp Resources (CSE: ST) recently announced the completion of a high-resolution Heli-borne magnetic survey (“MAG”) on the RLX North and RLX South properties (“RLX Properties”) that comprise the company’s largest area of operation currently. According to Mark Brezer, the company’s president and CEO, the projects are in the heart of the Red Lake Mining District, an area that is seeing a resurgence of gold-bearing deposits that were overlooked in the past. “The Red Lake district is renowned for over 30 million ounces of historic gold production, and the RLX projects are situated near the Red Lake Mine complex that is the district’s largest gold deposit with estimated reserves of 3.23 million ounces as of a 2019 report,” reads a recent article. “The company regards the contact between the metavolcanic packages of North and South RLX properties as ‘highly prospective’ for economic deposits of gold, or deposits that are formed in such a way that they can be mined out of economic interest. Most of the ore production that has taken place in the district historically has come from within a few hundred meters of the contact point, according to the company.”
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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. 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 the Ferdinand Gold properties, 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. 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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