TO ACQUIRE AND ADVANCE PROJECTS Stuhini Exploration moves ahead with B.C. projects
Stuhini Exploration team in Atlin preparing for another day in the field.
S
tuhini Exploration is a publicly listed mineral
host to the advanced Ruby Creek Molybdenum project,
exploration company with a portfolio of projects
also known as the Adanac Molybdenum deposit whereby
in western Canada. Its flagship asset is the
the former operator Adanac Molybdenum Corporation
28,683-hectare Ruby Creek Project located 14
advanced the historical molybdenum asset through final
kilomentres east of Atlin in northern British Columbia,
feasibility and into mine construction. Their construction
whereby the Company has an option to earn 100 per cent
efforts were derailed as a result of the 2008 financial
of the Project subject to a one per cent royalty.
crisis. Stuhini was able to obtain an attractive option on the Project in late 2019 when molybdenum prices were
30
The road-accessible land package is located in the heart
still depressed. Over the past 18 months, the price of
of the Atlin Gold Camp and the tenures are prospective
molybdenum has risen from under US$8/lb to where it
for both base and precious metals. The Project is also
presently sits at just under US$19/lb.
Resource Connector North 2022
