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StraightUp Resources Inc. has entered into an option agreement to acquire the Bear Head Gold Project comprising 31 mining claims totaling 1,944 hectares in the Meen-Dempster Greenstone Belt of the Uchi Subprovince. The property is located 80km west of the Pickle Lake Gold Camp and is contiguous to Ardiden’s (ASX: ADV) massive Pickle Lake Gold Project which covers 870 km2. The Meen-Dempster Greenstone Belt is host to the Golden Patricia former gold mine which produced 620,000 ounces of gold at an average grade of 15.2 g/t Au from 1988-1997. The Bear Head Gold Project lies 14km northeast of the Golden Patricia Mine (Figure 1).

The Property

The Bear Head Gold Project of the Meen-Dempster Greenstone Belt (MDGB) lies proximal to the Bear Head Deformation Zone (BHDZ). The BHDZ is a 1st order crustal scale regional fault system over 2km wide that extends over 400km from the Pickle Lake Gold Camp, northeast through Ontario and into Manitoba. Numerous 2nd and 3rd order shear zones cut iron formation and mafic volcanics in the MDGB responsible for numerous mineral occurrences in the belt. The Dorothy Main gold deposit owned by Ardiden lies only 1km from the Bear Head Gold Project. The Dorothy Main gold deposit holds non-compliant historical resources of 46,600 ounces of gold at 6.17 g/t Au (https://www.ardiden.com.au/project/dorothy-dobie-deposit/). The Dobie Deposit owned by Ardiden lies only 7m southeast of the Bear Head Gold Project. The Dobie Deposit holds non-compliant historical resources of 53,000 ounces of gold at 5.5 g/t Au (Figure 2).

Historical drilling in 1989 on the Bear Head Gold Project has recorded 11.09 g/t Au over 1.79m, 3.98 g/t Au over 2.3m and 3.08 g/t Au over 2.5m associated with iron formation and silicified mafic volcanics. Gold values were shallow at <30m vertically. The above results have not been followed up on by additional drilling since 1989.

The Company looks forward to adding the Bear Head Gold Project to our exploration efforts, with a work program to be conducted later in the Fall.

Regional location and access of the Bear Head Gold Project

Figure 1. Regional location and access of the Bear Head Gold Project

.  Location of the Bear Head Gold Project contiguous to Ardiden’s Pickle Lake Project. Source Ardiden website.

Figure 2. Location of the Bear Head Gold Project contiguous to Ardiden’s Pickle Lake Project. Source Ardiden website.