TORONTO, July 3, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that the Western Australia Department of Mines
and Petroleum has granted three tenements on the Company's 80% owned
Cardabia Phosphate Project located near Exmouth in Western Australia
(the "Cardabia Project"). Two of these tenements (E08/2301 and
E08/2302) cover the entire area subject to the planned Phase 1 field
work on the Cardabia Project. The third tenement (E08/2322) lies
immediately to the west of E08/2301 and E08/2302 and covers an area of
potential expanded exploration work subject to the results of the
planned Phase 1 field work.
The granting of tenements E08/2301 and E08/2302, which were previously
exploration license applications, is part of the final approvals
required for the Company to obtain permits to commence the Phase 1
field work. The remaining part of the approval process is a site
survey to be conducted with the Gnulli aboriginal community as
announced in the Company's news release dated June 20, 2012. The
Company anticipates the survey to occur within the next month.
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging, Australasia focused, agricultural
nutrient company exploring for commercial scale phosphate rock
mineralization deposits. Armed with the objectives of becoming a
supplier to the global fertilizer industry and generating wealth for
its shareholders, Strata is currently advancing its phosphate
exploration projects in Western Australia and Queensland and intends to
broaden its focus to other agricultural nutrients including potash and
lime. All references to the Company in this release include the
Company's wholly owned Australian subsidiary, Strata Minerals Pty Ltd.
For further information, please refer to the Company's website at www.strataminerals.com.
Special Note Regarding Forward-Looking Statements
Certain statements included herein constitute forward-looking
statements. The words "expect", "intend", "anticipate", "propose" and
"may" and similar expressions identify forward-looking statements.
Forward-looking statements include, among other things, statements
regarding the development and operation of Strata's mineral properties.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions. While such estimates and assumptions are
considered reasonable by the management teams of Strata, they are
inherently subject to significant business, economic, competitive and
regulatory uncertainties and risks and accordingly may not occur as
described herein or at all. Investors are cautioned that
forward-looking statements are not guarantees of future performance or
events and, accordingly are cautioned not to put undue reliance on
forward-looking statements due to the inherent uncertainty of such
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
SOURCE Strata Minerals Inc.
For further information:
Peter Kozicz, President & CEO
Tel: 1 416 460-1159
Brent Lokash, EVP & CFO
Tel: 1 604 862-5190