Strongbow Exploration Inc.

Published : August 07th, 2012

Options Snowbird Nickel Project to North Arrow Minerals

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Keywords :   Canada | Copper | Diamond | Gold | K Street | Nickel |

Suite 860 - 625 Howe Street, Vancouver, BC, Canada V6C 2T6
Tel: 604 668 8355   Fax: 604 668 8366
 
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August 07, 2012

Strongbow Options Snowbird Nickel Project to North Arrow Minerals


Strongbow Exploration Inc. (SBW: TSXV) announces it has entered into an option agreement with North Arrow Minerals Inc. whereby North Arrow can earn a 50% interest in Strongbow's Snowbird nickel project. Kenneth A. Armstrong, Strongbow's President, CEO and a director, is also a director of North Arrow, and D. Grenville Thomas, Strongbow's Chairman and a director, is the President, CEO and a director of North Arrow.

The Snowbird project covers approximately 16,000 hectares (40,000 acres) along the southern extent of the Snowbird Tectonic Zone in northern Saskatchewan and southern Northwest Territories. The Snowbird Tectonic Zone is a geologic feature that is considered to be highly prospective for magmatic nickel copper sulphide mineralization and is known to host several deposits including Strongbow's Nickel King Ni-Cu-Co deposit in the Northwest Territories immediately to the north of the Snowbird project.

Exploration work completed by Strongbow has included airborne geophysical surveys, geochemical surveys, bedrock mapping and limited drilling. This work has identified a number of target areas where previously unknown mafic and ultramafic intrusions are coincident with electromagnetic and magnetic geophysical anomalies, geochemical anomalies and nickel-copper mineralization. The highest priority targets are located in the Opescal Lake area along the Saskatchewan -- Northwest Territories border where a five kilometre long linear magnetic anomaly coincides with several electromagnetic conductors. These geophysical targets lie beneath glacial cover, however they are within a broad area of mapped mafic and ultramafic rocks where prospecting has identified local occurrences of nickel-copper sulphide mineralization associated with norite and pyroxenite intrusions. Rocks collected in the area have returned values ranging from detection up to 1.17% Ni and 0.40% Cu. The Opescal Lake targets have never been previously drilled and will be a priority for ground geophysical surveys and Diamond drilling during the winter of 2013.

Under the terms of the option agreement and subject to North Arrow completing an equity financing by December 31, 2012, North Arrow can earn a 50% interest in the Snowbird project by incurring $4 million in exploration expenditures prior to December 31, 2016, including a firm commitment to spend $30,000 prior to December 31, 2012.

Ridgeway gold project, South Carolina

Strongbow also announces that it has completed a program of bedrock mapping and geochemical sampling at its Ridgeway gold project in South Carolina. A total of 167 geochemical and prospecting samples were collected and results from this work are expected by the middle of August.

Strongbow's exploration programs are conducted under the supervision of David Gale, P.Geo. (BC), Vice-President of Exploration for Strongbow and a qualified person under NI 43-101.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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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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