




|
Stina Resources Ltd.
COMPANY DATA | INTRODUCTION
| PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
Address: |
Suite 717, 165 LaRose Ave.
Etobicoke, ON
Canada M9P 3S9
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Tel No.: |
(416) 368-2271
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Fax No.: |
(416) 368-2365
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Toll Free No.:
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1-800-545-9940 / 1-800-882-3213
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Web Site: |
www.stinaresources.com
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Corporate Email: |
info@stinaresources.com
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Contact Person: |
Jim Wall (604) 244-0964
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Position: |
CEO & Director
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COMPANY DATA
Traded Market: |
TSX-V |
Traded Symbol: |
SQA |
Outstanding Shares: |
25,537,499 |
Public Float: |
Approx. 12 M |
52 Week High: |
$ 0.91 |
52 Week Low: |
$ 0.30 |
Present Price: |
Click Here |
INTRODUCTION

Stina Resources Ltd. is a mineral resources exploration company, currently developing the Kodiak and Dime Gold Properties in the Yukon Territory, Canada, approximately 150 km and 75 km south of Dawson City respectively. In addition, the Company is also developing its Bisoni McKay Vanadium Property in Northern Nevada approximately 240 miles east of Reno, NV, USA.
The Company's mandate is to further develop its mineral properties to assess their economic viability, look for strong mineral exploration opportunities, and increase shareholder equity.
PROJECT IN HAND
(1) Dime Gold Property, Yukon
The Dime property is located approximately 75 miles south of Dawson City, 42 km northwest of Kinross's White Gold project and covers a well-known placer gold creek called Ten Mile.
A former Teck target straddles the southern boundary of the Dime property, and 2009 soil sampling indicated values as high as 6,082 ppb Au. 2010 soil sampling and trenching indicate three large anomalies running east west on the property, that appear to be structurally controlled, and potentially the largest system (over 4.5 km) in the area after Kaminak's Coffee and Kinross' White Gold systems. Five core holes were drilled in 2010 totaling 657 m from three separate drill pads, hitting mineralization on each hole, including 0.71 g/t over 32 m. Stina plans to spend between $1.5 and $2M in 2011, doubling the soil grid, extending trenching another 2,500 m, flying geomagnetic survey, and drilling another 15 to 20 core holes.
(2) Kodiak Gold Property, Yukon
The Kodiak Property is located approximately 115 km south of Dawson City. 2009 and 2010 soil sampling has identified two anomalous areas of interest that could prove potential targets, including samples as high as 857 ppb on the larger western anomaly. On the eastern side of the grid lays a group of isolated pockets of elevated gold values with accompanying arsenic and antimony, and elevated nickel values in soil which occur either with or in the proximity of the anomalous gold zones indicating underlying mafic or ultramafic rocks. Airborne and ground magnetic surveys also support the presence of these rocks on the Kodiak property as well as their existence about 15 km north on the Kinross' White Gold Property. The claims are considered tie-on claims to Kinross' White Gold Property and lies directly north of Kaminak's Latte Property. Stina is setting the 2011 exploration program for the Kodiak in early spring.
(3) Bisoni McKay Vanadium Property, Nevada

Stina's 100%-owned Bisoni McKay vanadium property in northern Nevada, about 240 miles east of Reno is the Company's most advanced project. Stina has sectioned the 37 claim property into three main areas: Northern Section A, Central Section B and Southern Section C.
Several companies had conducted extensive exploration on the property over the past 40 years prior to Stina. Phase I has been completed and included 5 core holes totaling 1,732 feet and 11 RC holes totaling 2,750 feet on Sections A & B, with excellent results. Metallurgical testing was conducted on these samples which indicated a recovery of up to 95% V2O5 (Vanadium Pentoxide) using an acid pug/leach method.
Stina has contracted Lyntek Inc. of Denver to prepare a Conceptual Economic Study on the Bisoni McKay vanadium property. The scoping study will provide Company management with an internal opinion of how the Bisoni McKay project fits into the vanadium market, and a roadmap for the project.
Highlights:
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Located in mining-friendly Nevada
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Initial metallurgical studies indicate up to over 90% recovery of V2O5 using an acid pug/leach operation.
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NI 43-101 Compliant Resource Report: NI 43-101 qualified indicated resources of 8.07M short tons (st) averaging 0.44% V2O5 at the 0.3% grade cutoff zone and 10.6M st averaging 0.39% V2O5 at the 0.2% cutoff
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Outstanding drill results indicating extensive and consistent mineralization with good grade, defining a consistent mineralization zone.
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Potentially open-pittable with soft, easy to grind host rock close to surface
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Potentially leachable recovery, and thus lower direct and capital costs
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Potentially the only pure vanadium supply in North America
   
Vanadium is used primarily as an alloying element providing additional strength to construction grade steel. It is usually found in the form of Vanadium Pentoxide (V2O5), but may be processed into Ferrovanadium. More recently green technology vanadium batteries have come to the forefront and show strong potential demand for vanadium in the near future. The Company is currently addressing this potentially very large market.
Financial Expenditures
Stina has set a budget of approximately $1.5M to $2M for the Dime and Kodiak Yukon Properties exploration programs in 2011. To date the Company has expensed approximately $1M on these two properties, and $710,000 in the direct development of the Bisoni McKay.
MANAGEMENT
Directors and Officers
James Corrigan, President and Director
Mr. Corrigan possesses extensive knowledge of mineral exploration activities in addition to the vanadium industry. Mr. Corrigan will be acting as a company investor liaison, in addition to assisting in positioning the Company as it continues to develop its mineral properties.
Edward Gresko, Vice President
Mr. Gresko brings a great deal of experience and contacts to Stina, particularly in eastern Canada with respect to corporate identity, investor relations and capital fundraising. Formerly a broker and salesperson, he has a strong background in public companies, particularly in the mineral exploration and resource industry. In addition, he provides strong sales management.
Jim Wall, CEO and Director
Mr. Wall, a graduate of UBC in the fields of Commerce and Athletic Administration, has over twelve years experience managing public companies. He has a strong administrative background and brings solid organizational and technical skills to the Company.
Sidney Mann, Treasurer and Director
Mr. Mann, a chartered accountant in England, has over 25 years of experience with public companies, both in North America and Europe. He is the chairman of the audit committee. He has strong investor relations contacts throughout Europe, particularly in capital fund raising.
NEWS UPDATE
On February 2, 2012, Stina Resources Ltd. announced that it has signed a memorandum of understanding with Royal Mines & Minerals Corp. to acquire a 70-per-cent interest in the Smith lease property in the Searchlight mining district of Nevada, as well as a 40-per-cent interest in Royal Mines’ 100-per-cent interest in the 20 Piute claims, also in the Searchlight mining district in Nevada.
On December 20, 2011, Stina Resources Limited announced results from three additional holes drilled on the East anomaly on its Dime Property.
Drill Hole
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From
(m)
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To
(m)
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Interval
(m)
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Au
(g/t)
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DDH-11-09
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76.80
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78.30
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1.50
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0.870
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128.60
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130.10
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1.50
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1.959
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DDH-11-11
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26.70
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28.20
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1.50
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0.823
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96.00
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97.50
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1.50
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0.960
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117.60
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118.90
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1.30
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1.176
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DDH-11-12
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19.50
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20.30
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0.80
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1.343
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144.10
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144.60
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0.50
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5.670
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On December 6, 2011, Stina Resources Ltd. announced results from two additional holes drilled on the West anomaly on its Dime property.
- Hole DDH-11-07 returned 1.65 m of 1.07 g/t Au
- Hole DDH-11-08 returned 9.90 m of 0.234 g/t Au
On November 23, 2011, Stina Resources Ltd. released results from DDH-11-06, on its Dime property. Highlights include: hole DDH-11-06 returns 1.45 m of 8.32 g/t gold. The drill hole confirmed the presence of a steeply-dipping east-west-trending structure with strong silicification, brecciation and pyrite-arsenopyrite sulphide mineralization.
On October 5, 2011, Stina Resources Ltd. announced that it has completed a 14-hole, 2,574-metre drill program on its Dime property. All core has been logged and sampled, and results are pending.
On August 23, 2011, Stina Resources Ltd. reported on the ongoing 2011 exploration work on its Dime Property in the South Klondike/White Gold District.
Drilling Update
Drilling is underway and hole DDH-11-6 through DDH-11-08 have been completed for a total of 560 m drilled to date. These holes intersected the same lithology as holes DDH-10-03 & 10-04. Drill core is now being processed. Initial drill results expected in September. The Company expects to drill 15 to 20 core holes on the Dime in 2011.
Trenching Results Include:
Sample
Length (m)
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Trench #
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Interval
(m)
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Au
(ppb)
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Pb
(ppm)
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Cu
(ppm)
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75
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Tr-15
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5-80
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46
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|
|
5
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Tr-15
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95-200
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955
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|
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5
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Tr-15
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280-285
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1,050
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|
|
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Tr-17
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Pit
2
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508
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|
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5
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Tr-10
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65-70
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250
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|
|
5
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Tr-10
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75-80
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536
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|
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20
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Tr-10
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100-120
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912
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|
|
5
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Tr-10
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100-105
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1,454
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|
|
5
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Tr-10
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105-110
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200
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|
|
5
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Tr-10
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110-115
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323
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|
|
5
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Tr-10
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115-120
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1,672
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2,966
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432
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5
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Tr-26
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130-135
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1,035
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Air Magnetic Survey Results
Final airborne magnetic and total count radiometric survey data has been received from Precision GeoSurveys Inc. The total field magnetic data clearly shows two parallel and very strong linear 7 km long NW-SE trending magnetic low anomalies.
http://www.youtube.com/user/StinaResources?feature=mhum#g/u
On July 28, 2011, Stina Resources Ltd. announced that diamond drilling on its Dime gold property in the Yukon Ten Mile Creek region is expected to start next week.
On June 1, 2011, Stina Resources Ltd. released further 2011 exploration details and an exploration budget on its wholly owned Dime and Kodiak properties in Yukon. The total exploration budget for the Yukon in 2011 has been set at $1.55 million. Exploration on Dime and Kodiak is expected to start in early June.
On May 19, 2011, Stina Resources Ltd. announced metallic screen assay results from 2010 drilling samples. A total of 33 core sample rejects from the 2010 drilling program were reanalyzed using metallic screen assay methods. Eleven samples returned higher results and seven returned lower results and fifteen samples returned the same result as the initial 30-gram gold fire assay.
On February 17, 2011, Stina Resources Ltd. announced that it has been ranked number 4 in the "Yukon Top Ten List" of junior mining stocks that Greg McCoach of the Mining Speculator will be following in 2011.
On February 1, 2011, Stina Resources Ltd. announced the resignation of Rod Sinn, President and CEO for the Company. Director James Corrigan has been appointed interim Company President, and Director Jim Wall has been appointed interim CEO for the Company until the Annual General Meeting scheduled for March 3, 2011. At that time 2011 officer positions will be established.
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