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Strongbow Exploration Inc.

Publié le 10 décembre 2012

Drilling Completed at Strongbow's Shovelnose Gold Property, BC

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Mots clés associés :   Canada | Copper | K Street | Nickel | Report |

Suite 860 - 625 Howe Street, Vancouver, BC, Canada V6C 2T6
Tel: 604 668 8355   Fax: 604 668 8366
 
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December 10, 2012

Drilling Completed at Strongbow's Shovelnose Gold Property, BC


Strongbow Exploration Inc. (SBW: TSXV) is pleased to provide an update on its exploration properties in Canada and the southeastern United States.

Shovelnose gold property (British Columbia)

Strongbow has been notified by Westhaven Ventures Inc. (WHN: TSXV) that a 5 hole, 778 m exploration drilling program has been completed at the Shovelnose gold property. Two drill holes further evaluated the Tower showing where drilling in 2011 identified a broad alteration system (55.8 m grading 0.21 g/t Au). Two holes tested targets associated with the Tower Creek valley that separates the Tower showing from the Mik gold showings, and the final hole of the program evaluated a separate, 1100 m long northwest trending structural/geochemical target located 720 m to the north of the Tower showing. All five drill holes encountered intervals of silicification ranging from several metres to 120 m in apparent thickness, with locally developed banded and stockwork quartz veining and quartz breccias displaying textures typical of low sulphidation epithermal systems. Assay results from the drill program are pending. Westhaven is funding the costs of the current drill program as part of an option to earn up to a 70% interest in the property.

Midway and Ridgeway gold projects (South Carolina)

Strongbow is pleased to report it has concluded seventeen amendment agreements with landowners at the Midway project. The amendments extend the term of underlying option agreements on each property for a period of two years (to December 2016 or December 2018) and have also reduced annual holding costs for calendar year 2013. With the amendments in place, as well as the planned relinquishment of several other properties, Strongbow expects to retain 22 option agreements covering approximately 1,800 acres with an annual 2013 holding cost of $49,500, representing a reduction of 80%. The retained properties represent the core of the Midway project and the areas believed to host the greatest potential for discovery of a gold deposit similar to the adjacent Haile gold mine deposits that are currently in the mine permitting stage.

The Company has also received results from follow up geochemical sampling of two priority targets at the Ridgeway property. The targets are located within 350 m and 1,100 m of, and along strike from, the Ridgeway mine's north pit which produced approximately 750,000 ounces of gold during the 1990's. The new results have confirmed the robust nature of these targets which are located on properties that were not subject to drilling during exploration and development of the Ridgeway mine.

Petrographic and structural analyses have also been completed at both the Midway and Ridgeway gold projects. The petrographic study, including electron microprobe analyses, focused on characterizing minerals associated with hydrothermal alteration identified in drill core. This work, combined with new interpretations of the structural geology of both project areas has refined the exploration targets identified to date. In particular, this work has refined the expected location of important stratigraphic contacts between volcanic and sedimentary rock units. These volcanic-sedimentary contacts represent an important first order control in gold mineralization at both the Haile and Ridgeway gold mines, located adjacent to and along strike from Strongbow's properties.

Snowbird nickel project (Saskatchewan/Northwest Territories)

The Company continues to evaluate opportunities to advance the district scale Snowbird nickel project. The project hosts the Nickel King deposit, as well as a number of nickel-copper showings and untested drill ready targets hosted within mafic to ultramafic intrusions. Recent work by Government geoscientists has identified additional, previously unknown mafic and ultramafic intrusions in the region. Government has also published age dating information that, combined with Strongbow's exploration data, suggests the Nickel King intrusions are of similar age to intrusions hosting mineralization at other important nickel camps around the world, including the Thompson and Raglan areas in Canada. This potential age correlation helps to underscore the prospective nature of the Snowbird Nickel project. A presentation highlighting the Snowbird project has been posted on the Company's website at www.strongbowexploration.com.

David Gale, P.Geo. (BC), Vice-President of Exploration for Strongbow and a qualified person under NI 43-101 has read and takes responsibility for the technical information in this release.

STRONGBOW EXPLORATION INC.

/s/"Kenneth A. Armstrong"
Kenneth A. Armstrong
President and CEO

For further information, please contact:

Ken Armstrong
President & 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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Strongbow Exploration Inc.

EXPLORATEUR
CODE : SBW.V
ISIN : CA8633631079
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Strongbow est une société d’exploration minière de nickel et de cuivre basée au Canada.

Strongbow détient divers projets d'exploration au Canada.

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

Strongbow est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 5,5 millions CA$ (4,1 millions US$, 3,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 0,02 CA$, et son plus haut niveau récent le 18 février 2011 à 8,00 CA$.

Strongbow possède 60 570 000 actions en circulation.

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Présentations des Compagnies de Strongbow Exploration Inc.
07/12/2011Corporate Presentation by the President and CEO
Financements de Strongbow Exploration Inc.
21/07/2016Closes Second and Third Tranche of Financing for Additional ...
29/06/2016Closes First Tranche of Financing for $1,790,000
14/02/2012Announces Private Placement Financing
16/05/2008Non-Brokered $300,000 Private Placement Closed
Projets de Strongbow Exploration Inc.
10/12/2012(Shovelnose)Drilling Completed at Strongbow's Shovelnose Gold Property, ...
13/11/2012(Shovelnose)Drilling Underway at Strongbow's Shovelnose Gold Property, B...
04/09/2012(Shovelnose)Work Underway at Strongbow's Shovelnose Gold Property, BC
07/08/2012(Snowbird)Options Snowbird Nickel Project to North Arrow Minerals
17/04/2012Plans Sonic Drilling Programs at the Midway and Ridgeway Gol...
13/10/2011(Shovelnose)Drilling Underway at Strongbow's Shovelnose Gold Property, B...
07/09/2011(Midway Gold Project)Completes Initial Drill Program at the Midway Gold Project, ...
17/08/2011(Shovelnose)Underway at Strongbow's Shovelnose Gold Property, BC
23/06/2011(Midway Gold Project)Expands Midway Gold Project and Acquires Properties Near Rid...
20/06/2011Reports Drilling Is Underway At Parker Gold Mine Property, N...
27/04/2011(Inza)signs option agreement on Inza property
14/04/2011(Midway Gold Project)Drilling Underway at Midway
01/04/2011(Parker (north Carolina))starts exploration at the Parker gold mine property
15/03/2011Acquires Historic Parker Gold Mine, North Carolina
25/01/2011(Shovelnose)Options Shovelnose Gold Property to Westhaven Ventures
24/01/2011(Midway Gold Project)Identifies 10 Geochemical Targets at Midway
16/07/2009(Kingora)Nickel King Metallurgical Study Confirms 78.4% Recovery Into...
25/02/2009(Nickel King)NI 43-101 COMPLIANT INDICATED AND INFERRED RESOURCE ESTIMATE...
25/06/2008(Nickel King) drills 12 m of 1.13% Ni at Nickel King
Communiqués de Presse de Strongbow Exploration Inc.
12/07/2016Strongbow Completes Acquisition of South Crofty Tin Project,...
29/06/2016Strongbow Closes First Tranche of Financing for $1,795,000
01/06/2016Strongbow files Technical Report and Resource Estimate for t...
01/06/2016Strongbow Announces Non-Brokered Unit Private Placement Fina...
19/04/2016Strongbow Releases NI 43-101 Resource Estimate for South Cro...
13/10/2015Strongbow Corporate Update
28/09/2015Strongbow Issues Incentive Stock Options and Appoints CFO
01/09/2015Strongbow Announces Corporate Changes and New Director
24/07/2015Strongbow Closes Acquisition of Two Alaskan Tin Projects and...
12/03/2015Increases Private Placement Financing from $500,000 to $1 Mi...
12/03/2015Strongbow Increases Private Placement Financing from $500,00...
10/03/2015Strongbow Announces Acquisition of Two Alaskan Tin Projects ...
24/03/2014Strongbow Announces Share Consolidation
09/01/2013(Shovelnose)Drilling Expands Gold Mineralization at the Shovelnose Prope...
27/09/2012Identifies High Priority Drill Targets at the Ridgeway Gold ...
26/06/2012Completes Sonic Drilling Programs in South Carolina Drills 2...
31/01/2012(Shovelnose)Reports First Exploration Drilling Results for Shovelnose Go...
28/11/2011(Inza)Porphyry Cu-Au-Mo Mineralization Drilled at Strongbow's Inza...
12/05/2011Strongbw Mobilizes Second Drill to Midway, SC
17/05/2010to Explore Gold Properties in BC
12/06/2008drills 14.85 m of 1.0% Ni at Nickel King
03/03/2008RETAINS CONTACT FINANCIAL FOR INVESTOR RELATIONS SERVICES
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