| | Publié le 04 septembre 2012 | Work 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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September 04, 2012
Exploration Work 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, approximately 30 km south of Merritt, British Columbia. The current program will consist of induced polarization (IP) and magnetic ground geophysical surveys, as well as soil sampling, prospecting and mapping. The geophysical surveys are intended to further evaluate the Line 6, Mik and Tower gold showings, where initial drilling completed in 2011 (please see Strongbow News Release #12-01 dated January 31, 2012) confirmed the presence of gold bearing epithermal quartz veins at Line 6 and Mik, as well as a broad alteration zone at the Tower showing (55.8 m grading 0.21 g/t Au) indicating the potential for a significant mineralized alteration system within the property.
The IP and magnetic surveys will also evaluate the north trending Tower Creek valley which separates the Mik and Tower showings. Detailed soil sampling along this valley has defined a 1,400 m long zone of elevated gold, arsenic, mercury, antimony and molybdenum. Prospecting conducted in 2011 uncovered a heavily veined, pyrite flooded siliceous rock that returned 6.8 g/t gold. This sample was located 300 metres south of a previously reported rock sample that returned 119.0 g/t gold and 271 g/t silver.
Westhaven is currently working to earn up to a 70% interest in the Shovelnose property, including 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.
Qualified Person Statement
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 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. |
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Projets de Strongbow Exploration Inc. |
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