Strait Samples 4.69% Lead, 36.8 g/t Silver over 28 metres at Tastani
29 Abril 2014 - 1:07PM
Marketwired
Strait Samples 4.69% Lead, 36.8 g/t Silver over 28 metres at
Tastani
TORONTO, ONTARIO--(Marketwired - Apr 29, 2014) - Strait Minerals
Inc. (TSX-VENTURE:SRD) is pleased to report assay results from a
program of channel sampling conducted in February, 2014, at the
Tastani polymetallic zone on the Company's Alicia property in
Peru.
Tastani, which was essentially unexplored until 2012, consists
of breccias and mantos mapped over an area of approximately
1,500x1,000 metres. Two lines of channel sampling (which includes
country rock cropping out between the mantos and breccias) were
completed over total lengths of 180 metres and 150 metres across
the apparent northeast-southwest trend.
Highlights include intervals of:
- 17 metres in Channel 1 averaging 4.95% Pb, 43.3g/t Ag, 0.43 %
Zn, 0.12% Cu and 0.73g/t Au
- 28 metres in Channel 2 averaging 4.69 % Pb, 36.8g/t Ag, 0.39%
Zn, 0.09% Cu and 0.04g/t Au
Mineralization remains open to the northeast and southwest and
appears to be controlled by second order faults related to a
regional-scale fault across the northern part of the zone. The
mineralization is contained in a combination of mantos (typically
1.0-2.5 metres wide and up to eight metres) and vein breccias
(1.0-2.0 metres and up to six metres wide) in variably altered
limestone. The density of mantos and breccias varies within the
host limestone. In some areas, mantos are spaced less than six
metres apart, increasing to ten (or more) metres in places, and
often have thin mineralized bands/veins between them. Vein breccias
with regular density and stockwork composed of veins in several
directions also occur in the area.
"Tastani is a significant discovery," said Strait President Jim
Borland. "We need to determine the full extent of the deposit, but
the grades we have seen to date are encouraging. Further work is
warranted, including drilling to test the depth potential."
Strait's initial work in 2012 consisted of 73 panel samples
taken approximately every 100 metres (see news release of Dec. 10,
2012) from mantos and breccias at Tastani (excluding rock between
sampled areas). Results included:
- 2.5 metres grading 2.1g/t Au, 169g/t Ag, 16.11% Pb, 12.66% Zn
and 0.39% Cu
- 1.5 metres grading 1.5g/t Au, 989.0g/t Ag, 18.24% Pb, 0.57% Zn,
and 2.85% Cu
- 2.0 metres grading 2.6g/t Au, 110g/t Ag, 11.75% Pb, 5.37% Zn,
and 0.50% Cu
- 3.0 metres grading 1.5g/t Au, 93.6g/t Ag, 9.03% Pb, 0.96% Zn
and 0.55% Cu.
Tastani is in the southeast portion of Strait's 100% owned
Alicia property which lies approximately 500 km southeast of
Lima.
Results of the 2014 channel sampling at Tastani are presented in
the table below:
Rock Type |
Length (m |
) |
Pb (% |
) |
Ag (g/t |
) |
Zn (% |
) |
Cu (% |
) |
Au (g/t |
) |
Pb+Zn (% |
) |
Manto |
11 |
|
1.62 |
|
9.5 |
|
0.85 |
|
0.02 |
|
0.13 |
|
2.47 |
|
Limestone |
5 |
|
0.75 |
|
5.1 |
|
0.65 |
|
0.02 |
|
0.39 |
|
1.4 |
|
Vein/Breccia |
17 |
|
4.95 |
|
43.3 |
|
0.43 |
|
0.12 |
|
0.73 |
|
5.38 |
|
Limestone |
28 |
|
0.11 |
|
2.1 |
|
0.08 |
|
0.005 |
|
0.02 |
|
0.19 |
|
Limestone |
12 |
|
0.1 |
|
1.2 |
|
0.02 |
|
0.005 |
|
0.02 |
|
0.12 |
|
Limestone |
4 |
|
0.006 |
|
0.4 |
|
0.02 |
|
<0.005 |
|
0.03 |
|
0.026 |
|
Limestone |
17 |
|
0.74 |
|
6.5 |
|
1.55 |
|
0.03 |
|
0.16 |
|
2.29 |
|
Vein breccia/Limestone |
28 |
|
4.69 |
|
36.8 |
|
0.39 |
|
0.09 |
|
0.25 |
|
5.08 |
|
Limestone |
8 |
|
0.02 |
|
1 |
|
0.03 |
|
0.009 |
|
0.04 |
|
0.05 |
|
Limestone |
11 |
|
0.01 |
|
0.5 |
|
0.02 |
|
<0.005 |
|
<0.01 |
|
0.03 |
|
Limestone |
11 |
|
0.07 |
|
0.4 |
|
0.07 |
|
<0.005 |
|
<0.01 |
|
0.14 |
|
Limestone |
3 |
|
0.02 |
|
0.5 |
|
0.01 |
|
<0.005 |
|
0.01 |
|
0.03 |
|
Vein |
0.45 |
|
>30 |
|
159 |
|
0.02 |
|
1.14 |
|
2.24 |
|
>30 |
|
Limestone |
3 |
|
0.1 |
|
1 |
|
0.02 |
|
0.02 |
|
0.04 |
|
0.12 |
|
Limestone |
4 |
|
0.42 |
|
2.4 |
|
0.05 |
|
0.01 |
|
0.04 |
|
0.47 |
|
Quality Control and Quality Assurance
All sampling was supervised by Strait Minerals personnel.
Samples are placed in plastic sample bags that are closed with
single use plastic ties. Samples are securely stored in a locked
room prior to transportation to Cusco by Strait Minerals personnel.
Samples are sent to AcmeLabs in Lima for preparation before being
couriered to the AcmeLabs facility in Santiago for assay. Acme's
Santiago facility is an ISO 9001:2000 registered laboratory.
Samples are analyzed for gold by fire assay followed by atomic
absorption spectroscopic (AAS) finish and by gravimetric finish for
samples exceeding the upper limit of analysis (over limit). Silver,
lead zinc and copper, together with 30 other elements, were assayed
by inductively coupled plasma-atomic emission spectrometry
(ICP-AES) following aqua regia dissolution. Samples with values
above the upper limit for the ICP-AES technique were re-assayed by
atomic absorption (AA). Strait Minerals routinely carries out a
program of quality assurance/quality control (QA/QC) that includes
insertion of blanks, standards and duplicates into the sample
stream to verify results prior to dissemination
All of the Company's exploration programs are prepared by, or
prepared under the supervision of, Dr. Roger Moss, P.Geo., who
serves as the Qualified Person as defined by NI 43-101 and is a
director of the Company. Dr. Moss has reviewed and approved the
technical content of this news release.
About Strait Minerals Inc.
Strait Minerals Inc. is a Canadian mineral exploration company
listed on the TSX Venture Exchange. It holds a 100% interest in the
Alicia copper-gold property, the Letra Rumi South base metals
property and the Culebrilla precious metals property and holds an
option to earn a 100% interest in the Caribe copper-molybdenum
property, all of which are in Peru. For more information, visit our
web site at www.straitminerals.com.
Forward Looking Statement: Some of the statements contained
herein may be forward-looking statements which involve known and
unknown risks and uncertainties. Without limitation, statements
regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward
looking statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. Strait undertakes no
obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change,
except as required by law. The reader is cautioned not to place
undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Strait Minerals Inc.Jim
BorlandPresident416-272-7387jborland@straitminerals.comwww.straitminerals.com
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