VANCOUVER, May 10 /CNW/ - JBZ Capital Inc. (TSXV: JBZ) ("JBZ") is pleased to announce that its wholly-owned subsidiary, Strata
Minerals Limited ("Strata"), has mobilized field crews to its
Mornington Project which marks the beginning of Strata's 2011
The field crews will carry out detailed geological mapping, stream
sediment and outcrop sampling designed to follow up on historic
exploration data that identified anomalous levels of soil phosphate
within the Mornington tenement.
The objective of this initial field program is to systematically map and
sample areas of interest within the Mornington tenement in order to
establish a detailed understanding of the various geological units and
sedimentary strata that exist within the tenement. Furthermore,
sampling of outcrop and stream sediments is designed to identify those
geological and sedimentary units that are anomalous for phosphate
This first phase of the field work is expected to take approximately one
month to complete with lab results from the sampling expected by late
June 2011. If successful, these results will form the basis of a
defined a drill program that is expected to follow in September of
The field crews will sequentially carry out similar programs on the
remaining Strata Minerals projects over the coming months and further
updates will be released as and when appropriate.
ON BEHALF OF THE BOARD OF DIRECTORS
JBZ CAPITAL INC.
President, CEO and Director
Neither the 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 news
Strata is an emerging, Australasia focused, agricultural nutrient
company. Based in Perth Australia, Strata is exploring for commercial
scale phosphate rock mineralization deposits. Strata also intends to
broaden its focus to other agricultural nutrients including potash and
lime. Armed with the objectives of becoming a supplier to the global
fertilizer industry and generating wealth for its shareholders, Strata
is currently advancing five phosphate exploration projects in Western
Australia and Queensland.
For further information on Strata Minerals, please refer to the Company
website at www.strataminerals.com.
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements,
which reflect the expectations of management regarding the JBZ's
qualifying transaction. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can be
given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits JBZ will
obtain from them.
SOURCE JBZ Capital Inc.
For further information:
Nigel Gellard, President & CEO
Tel: +61 4 0793 8630
Peter Kozicz, EVP & CFO
Tel: 1 905 815-9103