Strongbow Exploration Inc.

Published : April 27th, 2011

signs option agreement on Inza property

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Keywords :   Canada | Copper | Gold | K Street |

Suite 860 ? 625 Howe Street, Vancouver, BC, Canada  V6C 2T6

Tel: 604 668 8355    Fax: 604 668 8366

 

News Release

STRONGBOW SIGNS OPTION AGREEMENT FOR ITS

 INZA CU-AU PROJECT, BRITISH COLUMBIA

April 27, 2011

           Trading Symbol:  TSXV:  SBW

#11-08

 

Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce it has entered an agreement with Xstrata Copper Canada, allowing Xstrata the option to earn up to a 75% interest in Strongbow?s Inza copper-gold property, located in the Quesnel Trough region of central British Columbia. The 6,104 ha property is road accessible, approximately 54 km north-northwest of the community of Fort St. James.  Exploration work completed by Strongbow has identified a 1,100 by 1,200 metre, drill ready copper-gold porphyry target on the property and Xstrata intends to complete a drilling program during the 2011 summer field season. All required approvals and permits are in place for the drilling program.

 

Under the terms of the agreement, Xstrata may earn an initial 51% interest by making staged cash payments to Strongbow totalling $100,000 and incurring cumulative exploration expenditures totalling $1.1 million over a 4 year period. Upon vesting at a 51% interest in the property, a joint venture will be formed and Xstrata will maintain the right to earn a further 24% interest (75% interest total) by funding the completion of a pre-feasibility study and a feasibility study or incurring $20 million in expenditures towards the completion of a prefeasibility study and a feasibility study on the property.

 

Strongbow?s 2011 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

 

David Gale

 

President and CEO

 

Vice-President, Exploration

 

Tel:  604 668 8355

 

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

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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