| | Publié le 17 août 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 $1.5 million in exploration expenditures.
Exploration of the Shovelnose property is supervised by David Gale, P.Geo.(BC), Vice-President of Exploration for Strongbow and a qualified person as defined in National Instrument 43-101.
STRONGBOW EXPLORATION INC.
/s/"Kenneth A. Armstrong" Kenneth A. Armstrong President and CEO
For further information, please contact:
Ken Armstrong President and CEO Tel: 604 668 8355 Email: info@strongbowexploration.com Website: www.strongbowexploration.com
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release. | |
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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Strongbow Exploration Inc.
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EXPLORATEUR |
CODE : SBW.V |
ISIN : CA8633631079 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Strongbow est une société d’exploration minière de nickel et de cuivre basée au Canada. Strongbow détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont COMMITEE BAY, KAT, INZA, SNOWBIRD, SPENCES BRIDGE GOLD BELT, SHOVELNOSE, NAPAKTULIK, FURY, SARCPA, SKOONKA CREEK, SOUTH THELON, STARFISH, WALES ISLAND, BEAR, DARING LAKE, HOPE BAY (ORO), TREE RIVER, ANIALIK, CANOE LAKE, KINGORA, LDG, TENACITY SOUTH, NORTH THELON, JEWEL, MUSK, NOWYAK LAKE, GEM, ULU SOUTH, MIDWAY GOLD PROJECT, BLUE LAKE, REGAN LAKE, NICKEL KING, MELVILLE - FURY/ SARCPA/ GEM, MELVILLE PENINSULA AVIAT 2 et WEST KITIKMEOT (NTI PROPERTIES) au Canada et AVOCA et PARKER (NORTH CAROLINA) en Irlande. Strongbow est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 5,5 millions CA$ (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. |
Présentations des Compagnies de Strongbow Exploration Inc. |
Financements de Strongbow Exploration Inc. |
Projets de Strongbow Exploration Inc. |
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Communiqués de Presse de Strongbow Exploration Inc. |
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