Stina Resources Ltd. is a British Columbia Resource Exploration Company incorporated in 1986 and trading on the TSX Venture Exchange. The Company is well financed
with a favorable capital structure. Stina is currently developing and positioning four properties: The Bisoni McKay Vanadium Property in Nevada, the Kodiak and Dime
Gold Properties in the Yukon, and the Zeibright Gold Property in California.
Stina is committed to not only taking its Bisoni McKay Vanadium Property towards a feasibility study, but also positioning it as a vanadium supply for green
technologies, particularly the emerging vanadium battery market, in addition to traditional steel-making industries. A total of 36 Core and RC holes have been
drilled on the property, establishing approxmately 20 million tons of indicated and inferred vanadium pentoxide at an average grade of 0.39% in an NI 43-101
resources estimate on only a fraction of the mineralized zone.
This Bisoni Mckay has several inherent advantages over other vanadium properties as it is potentially open-pittable, contained in soft host rock close to surface,
potentially leachable and located in mining-friendly Nevada with solid surrounding infrastructure. Capital costs are expected to be lower than other existing
vanadium producers and Stina currently is preparing to undertake a scoping study of the property.
Stina’s has recently completed positive soil sampling on the Kodiak Gold Property, which consists of 152 claims covering 30 square kilometres and ties on to the
southern side of Underworld White Gold Property, south of Golden Saddle. The Kodiak claim block also straddles Thistle Creek, which was the richest placer
gold-producing creek in the area, given up more than 63,000 ounces of placer gold since the turn of the century. The sampling indicates many similar trends to that
of Underworld’s adjacent property, and two potential target anomalies have now been identified on the Kodiak.
A re-examination of the Geological Survey of Canada Database for similar positive indicators of white-style mineralization on the Kodiak property, found anomalous
gold and arsenic levels in silt samples collected from streams that drain from the Kodiak property. The presence of elevated gold and arsenic values suggests
potential for mineralization similar to that identified by Underworld Resources.
Stina is preparing an exploration program for its Dime Gold Property located on a former Teck target, and intends to discuss joint venture opportunities with
neighboring exploration parties with the intention of increasing the value of this very promising property.
Stina’s Zeibright Gold Property was recently suboptioned for a 50% to 70% interest buy-in in exchange for $2 million in exploration work over the next four years.
The property, located in Placer County of north-eastern California, was a former Newmont producing mine with potentially over 17,000 feet of mineralized tunneling.
Stina has recently sub-optioned the property on a 70% “earn-in” basis in exchange for $2 million of work to be conducted by a third party over four years, with Stina
retaining a 20% buy back at the end of the program for $500,000. This is an outstanding deal for Stina shareholders for very small capital input.
The company's main focus is now the development of the Bisoni McKay Vanadium Property, as well as the Kodiak and Dime Gold Properties alongside Underworld’s
exploration.
Strategic Focus for 2010:
Identify potential revenue sources for the Company in the short to mid-term.
Enhance shareholder value through significant increase to the value of its properties.
Attempt to partner the Bisoni Mckay vanadium property with an alternative energy producer, such as a redox battery manufacturer.
Attempt to construct a pilot plant on the Bisoni McKay property and conduct a scoping study.
Identify and refine targets on the Kodiak and Dime Gold Properties and initiate exploration.
Attempt to further identify correlations in Kodiak and Underworld White Gold claim structure.
Attempt to identify drilling targets over the Teck target on the Dime Property and engage in joint venture discussions with neighboring property stake holders.
Acquire additional Yukon Gold Properties.
Assist in the development of the Zeibright Gold property as a consulting partner in the venture.
