TORONTO, July 4, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that it has filed on SEDAR a National Instrument
43-101 technical report (the "Report") on the Company's 80% owned
Cardabia Phosphate Project located near Exmouth in Western Australia
(the "Cardabia Project") .
The Report is based on a review of historical surface geochemical
sampling, regionally spaced drilling and limited costeaning completed
on the property during the period from 1989-1990. That work was
principally conducted by CRA Exploration Pty Ltd (a former subsidiary
of Rio Tinto Ltd.).
The Report summarizes historical phosphate exploration activities and
supports the initiation of a $500,000 to $650,000 Phase I work program.
The recommended Phase 1 work program includes reprocessing of historical
airborne radiometrics and magnetics flown at 250 and 300 metre line
spacing during the period from 1989 to 1991; completion of ground
geophysics; 2,500-3,000 metres of aircore drilling and bulk sampling to
facilitate initial metallurgical test work.
Subject to the success of the Phase 1 program, the Report recommends
that Strata undertake a $2-3 MM Phase 2 work program at the Cardabia
Project consisting of aircore and PQ diamond drilling and assaying,
trenching and bulk sampling and detailed metallurgical test work.
Peter Kozicz, President and CEO of Strata, commented, "The filing of the
Report is an important milestone in Strata's exploration program at
Cardabia. We are encouraged by its recommendations as we endeavour to
realize additional value to our shareholders through a comprehensive
investigation of the property and its potential."
The Report was authored by Matthew Wheeler, B.Sc (Hons) MAIG, a
Qualified Person as defined by National Instrument 43-101. Mr. Wheeler
has reviewed the preparation of the scientific and technical
information in this press release.
The Report is available to be viewed on SEDAR and the Company's website
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, and contained in, the Report, and 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