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 statements.
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 release.
For further information:
Peter Kozicz, President & CEO
Tel: 1 416 460-1159
Brent Lokash, EVP & CFO
Tel: 1 604 862-5190