StraightUp Resources (CSE: ST) (OTCQB: STUPF) is ideally positioning itself to tap into the expected growth trends in regard to the prices of precious metals. The average silver prices per troy ounce have trended upwards since 2018, while the average gold prices per troy ounce have increased year-over-year since 2015. StraightUp is undertaking thorough exploration work at its existing mining assets as well as acquiring new properties. For example, in September last year, the company acquired the West Cat Mine in the historical Beatty Mountain Nevada Mining District in Nye County, Nevada. According to NI 43-101 compliant historical data, the property had silver, gold and other minerals. Additionally, StraightUp secured rights of exclusivity with Premier Silver Corp that signaled its possible entry into Peru. Once the acquisition is complete, the facility, which includes the Mallay Mine & Processing Plant and associated exploration and development assets, is expected to position StraightUp as a mining company,” reads a recent article. “StraightUp Resources and Premier will now be a company that is not only exploring for opportunities but also generating cash flow, and that takes us from being an exploration company to a mining company,” stated StraightUp President Mark Brezer.
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About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada and the U.S. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and the Ferdinand Gold Project, all located in the Red Lake Mining Division, as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. The company’s recently acquired West Cat Mine includes an unpatented mining claim on federal land, located in the historic Beatty Mountain Nevada Mining District/Nye County, Nevada, about 15 kilometers east of U.S. Route 95, approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. For more information, visit www.StraightUpResources.com.
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