Drilling Expands Gold Mineralization at The Shovelnose Property, BC
09 Janeiro 2013 - 12:00PM
Business Wire
Strongbow Exploration Inc. (SBW: TSXV) has been notified by
Westhaven Ventures Inc. (WHN: TSXV) that assay results have been
returned from a five hole, 778 m exploration drilling program
completed at the Shovelnose gold property, approximately 30 km
south of Merritt, British Columbia. The 2012 drilling program has
expanded low sulphidation gold mineralization at the Tower showing
over a 220 metre east-west extent, including drill hole SN12-04
which intersected 50.4 metres grading 0.54 g/t Au and 4.77 g/t
Ag.
The majority of the 2012 drilling program focused on testing the
Tower Zone and the adjacent Tower Creek valley. The results from
the 2012 drilling are summarized below in Table 1.
Drill Hole Zone From (m) To (m) Length
(m) Au (g/t) Ag (g/t) Ag/Au SN12-01
Tower Creek No Significant Results SN12-02 Tower Zone
4.69 60.96 56.3 0.22 0.86
3.9 SN12-03 Tower Zone 7.62 10.66 3.00
0.26 0.51 2.0
23.44 34.49 11.05 0.23 0.65 2.8
39.62 59.51 19.90
0.11 0.39 3.4 SN12-04 Tower Creek 20.90
71.32 50.42 0.54 4.77 8.8 incl.
27.12 40.84 13.72 0.91
6.65 7.31 also incl. 53.03
56.08 3.05 1.27 18.61 14.6
SN12-05
Cell Tower
Soil Anomaly
No Significant Results
Table 1: 2012 drill assay results. True widths
are not known due to limited drilling. All significant intervals
contain gold grades greater than 0.1 g/t Au, with no more than 3
consecutive metres of material grading less than 0.1 g/t Au.
Drill holes SN12-02, SN12-03 and SN12-04 were all positioned to
follow-up 2011 drill hole 11SH-04 which tested the Tower Zone and
returned 55.8 metres grading 0.21 g/t Au and 0.78 g/t Ag. SN12-02,
collared 27 m northeast of 11SH-04 and drilled vertically, returned
comparable results (56.3 m grading 0.22 g/t Au and 0.86 g/t Ag).
Drill hole SN12-03 was collared 26 m northeast of SN12-02, drilled
at an angle of -450 to the northeast, and intersected a slightly
more discontinuous mineralized interval. SN12-04, collared 115 m to
the southwest of SN12-02, was drilled at a -450 angle to the
southwest to test the Tower Creek valley and returned the best
results of the program, intersecting 50.4 metres grading 0.54
g/t Au and 4.77 g/t Ag, which includes 13.7 metres grading
0.91 g/t Au and 6.65 g/t Ag. Together these four holes define a
220 metre wide east-west mineralized system consisting of dark
grey, variably pyrite bearing, quartz veins and silica flooding.
Mineralization is hosted within a strong to intense silica altered
sequence of heterolithic rhyolite lapilli tuffs of the Pimainus
Formation – Spences Bridge Group. The geometry of mineralization is
unknown but is interpreted to be crudely stratiform, as well as
fault zone hosted in the case of the westernmost hole, SN12-04. It
is presently unclear how this mineralization relates to the bonanza
grade epithermal quartz veins, ranging from background values up to
38.2 g/t gold and 93.7 g/t Ag, previously discovered at the Mik
Zone and located 275 m to the southwest.
Drill hole SN12-01 tested the Tower Creek valley 380 metres
northwest of SN12-04 and encountered weak to moderate
silicification with locally anomalous gold values. A resistivity
anomaly located east of the SN12-01 drill collar suggests that a
northern extension of the strong silicification and gold
mineralization encountered in SN12-04 could occur further to the
east of, and have been missed by, SN12-01. Drill hole SN12-05
tested the center of a 1,100 m long, northwest trending
gold-in-soil geochemical anomaly, located 720 m to the north of the
Tower Zone. No significant results were returned from this drill
hole, however several zones of weak to moderate silica and clay
alteration were encountered along with locally anomalous gold
values.
David Gale, Vice President of Exploration for Strongbow
concluded, “The Tower Creek valley remains the most compelling
target on the Shovelnose gold property. The mineralized and silica
flooded felsic tuffs encountered in SN12-04 occur in the centre of
a 1,400 m long geophysical and geochemical anomaly with elevated
gold, arsenic, mercury, antimony and molybdenum. The silver/gold
ratios observed in drill hole SN12-04 increase with depth and,
coupled with the consistently elevated arsenic, antimony and
mercury diagnostic epithermal pathfinder suite identified in all
four Tower Zone drill holes, suggests the presence of a high level,
low sulphidation epithermal gold system. This target requires
further drilling to evaluate the Tower Creek valley area at
depth.”
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.
Spences Bridge Gold Belt
The Shovelnose property is located within the Spences Bridge
Gold Belt (SBGB) which is defined by a series of epithermal gold
occurrences within the volcanic rocks of the Spences Bridge Group
extending over a 100 kilometre long trend between Shovelnose
Mountain and the Spences Bridge area of BC. The Shovelnose Gold
project is one of two Strongbow projects within the SBGB. The drill
results reported herein, combined with results from the Skoonka
Creek gold property (Strongbow 65.74%), which include 20.2 g/t Au
and 7.27 g/t Ag over 12.8 metres at the JJ Zone, have confirmed
that the relatively underexplored volcanic rocks of the Spences
Bridge Group are highly prospective for epithermal style gold
mineralization. Including the Skoonka Creek project, Strongbow has
exposure to approximately 28,000 ha of mineral claims within the
SBGB, all of which are situated close to power and transportation
infrastructure.
Qualified Person Statement
All drill samples and analytical data for the 2012 Shovelnose
drilling program were collected under the supervision of L. John
Peters, P. Geo, and Project Geologist for Westhaven. David Gale,
Vice President of Exploration for Strongbow Exploration Inc. and a
“Qualified Person” within the meaning of National Instrument 43-101
Standards of Disclosure for Mineral Projects (“NI 43-101”), is
responsible for compiling the technical information contained in
this release. Mr. Gale has not verified all the assay data
generated by Westhaven as project operator, however Mr. Gale has
reviewed the drill core from the program and the grades and widths
reported here agree well with Westhaven’s past results on the
project. Drill core samples were submitted to Acme Analytical
Laboratories in Vancouver, British Columbia. They were analyzed
with a 36 element ICP mass spectrometer package, using a 15 gram
sample size and an aqua regia digestion. A quality
assurance/quality control (QA/QC) program is in place that includes
the insertion of gold standards into the sample stream to confirm
the accuracy of the reported results. Those rocks returning >100
ppb gold are re-evaluated using a 30 gram fire assay analysis with
an AA finish.
STRONGBOW EXPLORATION INC.
/s/“Kenneth A. Armstrong”
Kenneth A. Armstrong
President and CEO
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy of this release.
To view this press release as webpage please click on the
following link
http://www.usetdas.com/pr/strongbow01092013.htm
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