| | Published : August 17th, 2011 | Underway at Strongbow's Shovelnose Gold Property, BC |
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Suite 860 - 625 Howe Street, Vancouver, BC, Canada V6C 2T6 Tel: 604 668 8355 Fax: 604 668 8366 |
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August 17, 2011
Exploration Underway at Strongbow's Shovelnose Gold Property, BC
Strongbow Exploration Inc. (SBW: TSXV) has been notified by Westhaven Ventures Inc. (WHN: TSXV) that exploration work is underway at the Shovelnose gold property located adjacent to the Coquihalla highway in southwestern British Columbia. Exploration work will consist of geochemical surveys, mapping and mechanical trenching intended to further evaluate the Line 6 and Mik epithermal gold targets, and to identify new targets within the 10,666 ha property. Previous exploration at the Mik showing has identified a 120 m long target area containing a series of epithermal quartz veins (<20 cm) that have returned gold values ranging from 2.9 g/t to 66.4 g/t, with three highest assays of 22.1 g/t, 46.2 g/t and 66.4 g/t. Similar epithermal veining is located at the Line 6 showing, where mechanized trench L6-XT-04 returned 5.1 g/t Au over 6.0 m. The current work program will also include the development of several access roads in preparation for a fall 2011 drilling program.
Westhaven's exploration program is part of an agreement under which Westhaven can earn up to a 70% interest in the Shovelnose property. Under the terms of the agreement, first announced in a Strongbow news release dated January 25, 2011, Westhaven can earn an initial 51% interest by incurring $1.5 million in exploration expenditures over a three year period and issuing a total of 300,000 common shares to Strongbow. Within 12 months of having earned its 51% interest in the property, Westhaven will have the option to increase its total property interest to 70% by issuing an additional 500,000 shares to Strongbow, and incurring an additional $1.5 million in exploration expenditures.
Exploration of the Shovelnose property is supervised by David Gale, P.Geo.(BC), Vice-President of Exploration for Strongbow and a qualified person as defined in National Instrument 43-101.
STRONGBOW EXPLORATION INC.
/s/"Kenneth A. Armstrong" Kenneth A. Armstrong President and CEO
For further information, please contact:
Ken Armstrong President and CEO Tel: 604 668 8355 Email: info@strongbowexploration.com Website: www.strongbowexploration.com
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release. | |
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Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
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Strongbow Exploration Inc.
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EXPLORATION STAGE |
CODE : SBW.V |
ISIN : CA8633631079 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Strongbow is a nickel and copper exploration company based in Canada. Strongbow holds various exploration projects in Canada. Its main exploration properties are COMMITEE BAY, KAT, INZA, SNOWBIRD, SPENCES BRIDGE GOLD BELT, SHOVELNOSE, NAPAKTULIK, FURY, SARCPA, SKOONKA CREEK, SOUTH THELON, STARFISH, WALES ISLAND, BEAR, DARING LAKE, HOPE BAY (ORO), TREE RIVER, ANIALIK, CANOE LAKE, KINGORA, LDG, TENACITY SOUTH, NORTH THELON, JEWEL, MUSK, NOWYAK LAKE, GEM, ULU SOUTH, MIDWAY GOLD PROJECT, BLUE LAKE, REGAN LAKE, NICKEL KING, MELVILLE - FURY/ SARCPA/ GEM, MELVILLE PENINSULA AVIAT 2 and WEST KITIKMEOT (NTI PROPERTIES) in Canada and AVOCA and PARKER (NORTH CAROLINA) in Ireland. Strongbow is listed in Canada and in United States of America. Its market capitalisation is CA$ 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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