STINA CONFIRMS SIGNIFICANT NEW DISCOVERY IN WHITE GOLD DISTRICT


Stina Resources Ltd. has received and compiled analytical results from the 2010 soil sampling, trenching and diamond drilling programs. The core diamond drill program was conducted in September, 2010, and included five core drill holes totalling 657 metres on the Dime gold property, confirming it as a very significant new gold discovery in the White gold district, north of the Kinross (Underworld) Golden Saddle and Kaminak Coffee properties.

Drilling highlights include DDH-10-04 which returned 32 metres of 0.71 grams per tonne Au from 59.90 to 92.00 metres, including 9.6 m of 1.1 gm/t Au between 59.90 to 69.50 metres. Additionally, DDH-10-03 intersected 1.5 m of 4.15 gm/t Au from 58.5 to 60.0 m depth.

Holes DDH-10-03 and 04 were collared over trench 04, which returned 0.168 gm/t Au over 30 metres from continuous five m trench samples in August.

Grid auger soil sampling on 50 m by 100 m line spacing outlined significant gold-in-soil anomalies on the West, Central and East soil anomalies. Follow-up trenching (1,125 m in nine trenches) confirmed the soil results from anomalies with better results. Infill soil sampling on 25 m by 50 m grid spacing on the East anomaly confirmed prior results and identified additional areas for further trenching and drilling. These results were received while the drilling program was under way and have not yet been followed up on.

In September the five-hole 625 m drill program from three separate drill pads was completed, with four holes drilled on the Western gold soil anomaly and one hole on the new large 1.2-kilometre by 1.2-kilometre East gold soil anomaly located 2.5 km to the east. All holes intersected significantly anomalous gold. Core samples were collected over 1.5 m intervals and were processed and analyzed by Acme Analytical Labs.

Drill hole locations can be viewed at www.stinaresources.com/drillmap2010.jpg

Drill holes DDH-10-01 to DDH10-04 were drilled from two drill pads 185 metres apart on the West anomaly and intersected a brecciated and silicified east-west-trending fault zone with up to 5 per cent pyrite. The fault breccias display multiple episodes of quartz veining and brecciation and have now been traced for over 185 metres between holes DDH-10-01 and DDH-10-04.

DDH-10-03 and DDH-10-04 was collared over trench 4, and were both drilled at azimuth 20 degrees at 50 degrees and 75 degrees declinations respectively. DDH-10-03 intersected 1.5 m of 4.15 gm/t Au from 58.5 to 60.0 m depth. DDH-10-04 intersected 32 m of 0.71 gm/t Au including 9.6 m of 1.1 gm/t Au between 59.90 and 69.50 m depth.

A late infill detail soil sampling program over the Central and East (600 soils) soil anomaly (with values up to 885 parts per billion Au, 5,246 ppb As) was completed after the phase 2 trenching program. The infill soil sampling program will help the company to vector into the newly outlined gold zones during the 2011 trenching and drilling program.

The Dime gold property is a significant new discovery in the White gold district that warrants further exploration work. Stina is pleased with the results of the 2010 Dime exploration program, and will be planning an airborne magnetic and radiometric survey over the 308-claim block, along with additional trenching and core drilling in 2011. Stina considers these initial core drilling results as the start of a major exploration program on the property, and which will be key in establishing 2011 drill targets. Further details regarding the 2011 Dime and Kodiak programs will be announced in the near future.

 

                2010 DIME GOLD PROPERTY DRILLING RESULTS

                    From          To   Interval (m)   Grade (gm/t Au)

DDH-10-01           2.50       42.50        40.0 m      0.28 gm/t Au
Includes           17.00       18.50         1.5 m      1.35 gm/t Au
and                17.00       41.00        24.0 m      0.33 gm/t Au
DDH-10-01          51.50       64.00        13.0 m      0.25 gm/t Au
DDH-10-02          23.00       40.50        17.5 m     0.150 gm/t Au
DDH10-03           58.50       73.30        14.8 m     0.568 gm/t Au
Includes           58.50       60.00         1.5 m      4.15 gm/t Au
DDH-10-04          59.90       92.00        32.0 m      0.71 gm/t Au
Includes           59.90       69.50         9.6 m       1.1 gm/t Au
DDH-10-05           6.10       28.50        22.0 m     0.164 gm/t Au
Includes           21.75       22.50        0.75 m     0.726 gm/t Au

 

There has been insufficient exploration to define a mineral resource on the Dime property, and it is uncertain as to whether, or not, further exploration will result in the discovery of a mineral resource on the property. Al Doherty of Whitehorse, Yukon, is a designated qualified person acting for the company and assisted in the preparation of this news release.

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