- StraightUp has hired experienced commodities entrepreneur and economic geologist Rod Husband as its new CEO as it enters 2022 in an expansionist phase
- Mineral property exploration company StraightUp Resources is building excitement for several properties it has optioned in the gold-producing region of Ontario’s famed Red Lake Mining District
- StraightUp also acquired a mine in the historic Bullfrog Boom area surrounding Beatty, Nevada during recent months
- The company recently added a listing on the OTCQB Venture Market and eligibility for electronic clearing and settlement of its transactions through the Depository Trust Company
- The company has completed heliborne investigations at three of its five Ontario sites, and has confirmed multiple areas of high merit and potential mineralization on one that has previously been unexplored
Going into 2022, precious metals explorer StraightUp Resources (CSE: ST) (OTCQB: STUPF) is welcoming the leadership of new CEO Rod Husband, an accomplished entrepreneur and economic geologist with over 30 years of experience in the international commodity and finance sectors. StraightUp executive Mark Brezer will focus on his duties as president and director during a period of company growth and expansion into international markets.
“This appointment strengthens management and brings a new layer of expertise to the team,” the company’s Dec. 16 announcement states (https://ibn.fm/ExibB).
StraightUp Resources built its exploration and acquisition opportunities during 2021 by expanding on property options located in the gold-prolific greenbelt zones of Ontario’s Red Lake Mining district to add ownership of the West Cat gold and silver mine in the historically productive Bullfrog Boom district surrounding Beatty, Nevada in the United States.
The company also announced the potential acquisition of the Mallay silver mine and processing plant in the Lima region, Peru through a right of exclusivity agreement (“ROE”) for all outstanding shares in Premier Silver Corp. that was set to expire at the end of December if not fulfilled.
StraightUp’s pursuit of worthwhile economic, precious and base metal properties in North and South America has been most concentrated on the five Ontario projects that together comprise more than 21,087 hectares (52,107 acres).
High-resolution heli-borne magnetic surveys (“MAGs”) were completed on three of them — Ferdinand, RLX North and RLX South, which together make up all but about 17,000 hectares of the exploration area. The company has advanced ground investigation in the Ferdinand project, which has confirmed several areas of potential mineralization the company is interested in.
“This study represents a transformation of the Ferdinand Gold Project and we couldn’t be more excited about the road ahead in this unexplored and unappreciated section of the infamous Uchi subprovince,” Brezer stated when the results were announced in late November (https://ibn.fm/RvJhq).
“We now have confirmation of D2 folding and ultramafic rocks, together considered to be a primary control for high-grade gold mineralization in this region, especially the Great Bear Resources Dixie Lake Gold Project,” he added.
Great Bear Resources’ Dixie Lake project is a neighbor immediately to the west of the Ferdinand Gold Project, and made news in early December when mining company Kinross Gold Corporation announced an acquisition bid for Great Bear at a price of about $1.45 billion despite the lack of a maiden resource estimate by the company — an apparent indication Kinross thinks it could be a top-tier deposit area (https://ibn.fm/SRQ6q).
The Ferdinand project has not yet had a registered drill hole because access is limited to logging roads, but forestry logging operations are expected to expand on the property and the property is only 13 km northwest of the town of Slate Falls and larger roadways. Its unexplored status within one of the best metal-endowed greenstone belts in the world makes it a particularly exciting prospect for the coming year.
For more information, visit the company’s website at www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF
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