Strongbow Exploration Inc.

Published : January 25th, 2011

Options Shovelnose Gold Property to Westhaven Ventures

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STRONGBOW OPTIONS SHOVELNOSE GOLD PROPERTY TO WESTHAVEN VENTURES

 

 

Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce it has signed an option agreement with Westhaven Ventures Inc. whereby Westhaven can earn up to a 70% interest in Strongbow s Shovelnose gold property located in southwestern British Columbia.  Westhaven is a TSXV Capital Pool Company (trading symbol WHN:P), and D. Grenville Thomas, Strongbow s Chairman and a director, is the President, CEO and a director of Westhaven.

 

 

Under the terms of the agreement, Westhaven can earn an initial 51% interest in the Shovelnose property by i) incurring $1.5 million in exploration expenditures over a three year period, including a firm commitment to spend $250,000 in the first year of the agreement, and ii) issuing a total of 300,000 common shares to Strongbow including 100,000 common shares within 5 business days of Exchange approval of the option agreement. Within 12 months of having earned its 51% interest in the property, Westhaven will have the option to earn an additional 19% interest (bringing its total property interest to 70%) by i) issuing an additional 500,000 shares to Strongbow, and ii) incurring an additional $1.5 million in exploration expenditures.

 

 

It is expected that Westhaven s first year exploration commitment will include exploration drilling of the Mik and Line 6 gold targets on the property (please see Strongbow news release #10-09 dated November 8, 2010 for further information on these targets).

 

The option agreement with Westhaven is subject to approval of the TSX Venture Exchange.

 

 

STRONGBOW EXPLORATION INC.

 

/s/ Kenneth A. Armstrong

Kenneth A. Armstrong

President and CEO

 

For further information, please contact:

 

 

Ken Armstrong

 

 

 

President and CEO

 

 

 

Tel:  604 668 8355

 

 

 

Email: info@strongbowexploration.com

Website: www.strongbowexploration.com

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.

 

 

Strongbow Exploration Inc.

EXPLORATION STAGE
CODE : SBW.V
ISIN : CA8633631079
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Strongbow is a nickel and copper exploration company based in Canada.

Strongbow holds various exploration projects in Canada.

Its main exploration properties are COMMITEE BAY, KAT, INZA, SNOWBIRD, SPENCES BRIDGE GOLD BELT, SHOVELNOSE, NAPAKTULIK, FURY, SARCPA, SKOONKA CREEK, SOUTH THELON, STARFISH, WALES ISLAND, BEAR, DARING LAKE, HOPE BAY (ORO), TREE RIVER, ANIALIK, CANOE LAKE, KINGORA, LDG, TENACITY SOUTH, NORTH THELON, JEWEL, MUSK, NOWYAK LAKE, GEM, ULU SOUTH, MIDWAY GOLD PROJECT, BLUE LAKE, REGAN LAKE, NICKEL KING, MELVILLE - FURY/ SARCPA/ GEM, MELVILLE PENINSULA AVIAT 2 and WEST KITIKMEOT (NTI PROPERTIES) in Canada and AVOCA and PARKER (NORTH CAROLINA) in Ireland.

Strongbow is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.5 millions as of today (US$ 4.1 millions, € 3.5 millions).

Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.02, and its highest recent level on February 18, 2011 at CA$ 8.00.

Strongbow has 60 570 000 shares outstanding.

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Corporate Presentations of Strongbow Exploration Inc.
12/7/2011Corporate Presentation by the President and CEO
Financings of Strongbow Exploration Inc.
7/21/2016Closes Second and Third Tranche of Financing for Additional ...
6/29/2016Closes First Tranche of Financing for $1,790,000
2/14/2012Announces Private Placement Financing
5/16/2008Non-Brokered $300,000 Private Placement Closed
Project news of Strongbow Exploration Inc.
12/10/2012(Shovelnose)Drilling Completed at Strongbow's Shovelnose Gold Property, ...
11/13/2012(Shovelnose)Drilling Underway at Strongbow's Shovelnose Gold Property, B...
9/4/2012(Shovelnose)Work Underway at Strongbow's Shovelnose Gold Property, BC
8/7/2012(Snowbird)Options Snowbird Nickel Project to North Arrow Minerals
4/17/2012Plans Sonic Drilling Programs at the Midway and Ridgeway Gol...
10/13/2011(Shovelnose)Drilling Underway at Strongbow's Shovelnose Gold Property, B...
9/7/2011(Midway Gold Project)Completes Initial Drill Program at the Midway Gold Project, ...
8/17/2011(Shovelnose)Underway at Strongbow's Shovelnose Gold Property, BC
6/23/2011(Midway Gold Project)Expands Midway Gold Project and Acquires Properties Near Rid...
6/20/2011Reports Drilling Is Underway At Parker Gold Mine Property, N...
4/27/2011(Inza)signs option agreement on Inza property
4/14/2011(Midway Gold Project)Drilling Underway at Midway
4/1/2011(Parker (north Carolina))starts exploration at the Parker gold mine property
3/15/2011Acquires Historic Parker Gold Mine, North Carolina
1/25/2011(Shovelnose)Options Shovelnose Gold Property to Westhaven Ventures
1/24/2011(Midway Gold Project)Identifies 10 Geochemical Targets at Midway
7/16/2009(Kingora)Nickel King Metallurgical Study Confirms 78.4% Recovery Into...
2/25/2009(Nickel King)NI 43-101 COMPLIANT INDICATED AND INFERRED RESOURCE ESTIMATE...
6/25/2008(Nickel King) drills 12 m of 1.13% Ni at Nickel King
Corporate news of Strongbow Exploration Inc.
7/12/2016Strongbow Completes Acquisition of South Crofty Tin Project,...
6/29/2016Strongbow Closes First Tranche of Financing for $1,795,000
6/1/2016Strongbow files Technical Report and Resource Estimate for t...
6/1/2016Strongbow Announces Non-Brokered Unit Private Placement Fina...
4/19/2016Strongbow Releases NI 43-101 Resource Estimate for South Cro...
10/13/2015Strongbow Corporate Update
9/28/2015Strongbow Issues Incentive Stock Options and Appoints CFO
9/1/2015Strongbow Announces Corporate Changes and New Director
7/24/2015Strongbow Closes Acquisition of Two Alaskan Tin Projects and...
3/12/2015Increases Private Placement Financing from $500,000 to $1 Mi...
3/12/2015Strongbow Increases Private Placement Financing from $500,00...
3/10/2015Strongbow Announces Acquisition of Two Alaskan Tin Projects ...
3/24/2014Strongbow Announces Share Consolidation
1/9/2013(Shovelnose)Drilling Expands Gold Mineralization at the Shovelnose Prope...
9/27/2012Identifies High Priority Drill Targets at the Ridgeway Gold ...
6/26/2012Completes Sonic Drilling Programs in South Carolina Drills 2...
1/31/2012(Shovelnose)Reports First Exploration Drilling Results for Shovelnose Go...
11/28/2011(Inza)Porphyry Cu-Au-Mo Mineralization Drilled at Strongbow's Inza...
5/12/2011Strongbw Mobilizes Second Drill to Midway, SC
5/17/2010to Explore Gold Properties in BC
6/12/2008drills 14.85 m of 1.0% Ni at Nickel King
3/3/2008RETAINS CONTACT FINANCIAL FOR INVESTOR RELATIONS SERVICES
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