StraightUp Resources Inc. announced that it has received its early exploration permit (PR-21-000261) from the Ministry of Northern Development and Mine, Natural Resources and Forestry (NDMNF) on their RLX North property, located within the Red Lake Greenstone Belt of Northwestern Ontario. The permitted activities are mechanized drilling (assembled weight >150kg) and ground geophysical surveys requiring a generator. This permit is effective for a period of three (3) years.

The area covered by the newly issued permit is the eastern block of the RLX north Property where the company has interpreted the location of the Balmer-Confederation unconformity and D2 structures. The majority of the historic and current production from the Red Lake district has been mined within a few hundred metres of this important geological contact, making it a high priority exploration target. This interpretation is aided by the historic Selco drill hole 5-1 from 1980 (ARFI52N03SW0002).

This drill hole intersected mafic/ultramafic volcanics with interbedded metasediments in the upper portion of the hole and felsic volcanics in the lower. The drill logs report quartz veins with 3% pyrite, 2% pyrrhotite and local semi-massive pyrrhotite in metasediments however, no assays were reported . Straightup is taking a systematic approach to developing and testing gold targets starting with detailed data compilation, including interpretation of the high-resolution airborne geophysical surveys conducted in 2021, combined with detailed regional structural interpretation to pinpoint the highest priority targets for Orogenic gold occurrences.

The Company is planning its 2022 work programs, which is expected to include drilling of the most prospective targets this summer.