Stina Resources Ltd.

January 06, 2011 12:37 ET

Stina Announces Expanded 2011 Exploration Programs on Dime and Kodiak Properties in White Gold District, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2011) - Stina Resources Limited ("the Company") (TSX VENTURE:SQA) announces expanded 2011 exploration programs on its wholly owned Dime and Kodiak Properties in the highly active White Gold and South Klondike districts, Yukon. The Dime property is 67 km southwest of Dawson City within the Ten Mile placer gold area. The Kodiak property is located 15 km south of the White Gold Deposit of Kinross Gold Corporation. Both properties are at an early stage of exploration but have produced very encouraging exploration results during the 2009 to 2010 exploration programs.

Dime Property

Work on Dime in 2009-2010 included 3,200 soil samples. The deep auger soil sample program outlined three distinct gold anomalies over an area measuring 4,500 meters by 1800 meters. All three soil anomalies appear to be structurally controlled and associated with distinct gradient magnetic high – low contact lineaments (GSC Gradient Magnetic Map).

The three soil anomalies are considered exceptionally high quality new gold targets as outlined by the statistics below:

Dime Western Anomaly measures 1,400 meters NW-SE by 700 meters NE-SW and covers an area measuring 169 acres or 68 hectares with values of:

77 samples exceeded 25 ppb Au 135 samples exceeded 100 ppm As
29 samples exceeded 50 ppb Au 60 samples exceeded 200 ppm As
8 samples exceeded 100 ppb Au 24 samples exceeded 300 ppm As

Dime Central Anomaly measures 1,900 meters N-S by 475 meters E-W and covers 186 acres or 75 hectares with values of:

120 samples exceeded 25 ppb Au 258 samples exceeded 100 ppm As
35 samples exceeded 50 ppb Au 115 samples exceeded 200 ppm As
8 samples exceeded 100 ppb Au 58 samples exceeded 300 ppm As

Dime Eastern Anomaly measures 2,000 meters E-W by 1000 meters N-S and covers 353 acres or 143 hectares with values of:

277 samples exceeded 25 ppb Au 279 samples exceeded 100 ppm As
126 samples exceeded 50 ppb Au 123 samples exceeded 200 ppm As
42 samples exceeded 100 ppb Au 64 samples exceeded 300 ppm As

Based on the exceptionally high gold soil anomalies discovered this past summer, the Company expanded their Dime claim block by 180 claims, and it now covers 5 more kilometres of the newly recognized structure. The 2011 exploration program will focus its soil program along the structure with another 5,000 soils to be collected by Groundtruth Exploration Inc.

The 2010 Dime trenching program was primarily conducted on the Western (560 meters) and Eastern (about 675 meters) soil anomalies. The 2011 trenching program will commence in early June, doubling the 2010 program with about 2,500 meters of trenching on the Central and Eastern soil anomalies.

A helicopter-borne magnetic and radiometric survey over the Dime claim block is planned in early June with 650 line kilometres to be flown property wide on 100 meter line spacings. This will greatly aid in the interpretation of the local geology and magnetic structures.

Based on the trenching program a drill program of approximately 2,000 metres will follow in early August.

Jean Pautler has being hired to conduct a property wide geological map and Al Doherty will run the trenching and drilling program.

Based on the results from the 2010 exploration program and what is planned for 2011, Stina Resources is very excited to work with such a high quality exploration team and looks forward to getting the 2011 exploration season under way. The Dime and Kodiak properties were optioned from Shawn Ryan (Ryanwood Exploration Inc.), who has been nominated for Canadian Prospector of the Year 2010.

Further details regarding the Kodiak Property 2011 exploration program will be released soon. The overall budget for 2011 exploration on the Dime and Kodiak is expected to be between $1.5 and $2 million dollars.

Al Doherty and Jean Pautler of Whitehorse, YT are designated Qualified Persons acting for the Company and assisted in the preparation of this news release.

On Behalf of the Board of Directors,

Jim Wall, Controller/ Director

Contact Information