TORONTO, April 4, 2013 /CNW/ - Strata Minerals Inc. (TSXV: SMP) ("Strata" or the "Company") is pleased to announce further results from the Company's Phase 1 exploration program at its 80% owned Cardabia Phosphate Project (the "Cardabia Project") located near Exmouth in Western Australia.
Since initial results from Strata's Cardabia Project were announced on December 20, 2012, a further eleven holes have been analysed. An illustration outlining the location of all 74 holes drilled in the Phase 1 exploration program and the location of all sixteen holes analyzed to date is provided in Figure 1 below and available on the Company's website at www.strataminerals.com.
Sizing and XRF assay sample results received for all holes tested to date are provided in Table 1 below and available on the Company's website.
A lithological interpretation of the additional eleven new holes referenced above is presented in Figure 2 below and available on the Company's website.
"These results provide further confirmation of the presence of a shallow sedimentary unit hosting P2O5 within mineralized zones totaling approximately 0.5-2.0 meter in thickness. The unit is observed to reach its easterly extent and outcrop along a northeast-southwest trend of some 20 km in the southeastern section of the Cardabia tenements, and dips gently to the west. In head grade samples with sufficient mass to the +1mm fraction, the coarse material averaged 22.7% P2O5 for all results to date", said Peter Kozicz, President & CEO.
The Company's technical team has initiated work on a preliminary geological model using assay data and geological logs from holes drilled to date. Results from this exercise will help guide the team's recommendations going forward.
In addition to testing for P2O5, Strata's geochemical analysis of drillhole samples has included testing for SiO2, Fe2O3, Al2O3 and U3O8. The results indicate that SiO2, Fe2O3 and Al2O3, as contained in the tested samples, are amenable to being reduced within suitable ranges by conventional means of phosphate processing. Testing for U3O8 has demonstrated that it is within acceptable limits for a phosphate product. Future testing to re-confirm the benign results of historic analysis for other potentially deleterious elements such as cadmium, sulphur and fluorine will be undertaken in due course.
In the meantime, Strata's metallurgical activities in connection with the Phase 1 program at Cardabia will focus on the completion of QEMSCAN test work to evaluate the mineralogical and petrological properties of representative samples of drillhole material within the mineralized zone at Cardabia. In addition, Strata will proceed with the extraction of a two tonne bulk sample from Cardabia in preparation for further larger scale metallurgical testing.
Studies on the Phase 1 exploration program samples analyzed to date, indicate that the course material upgrades favourably using physical beneficiation. However, approximately 50% of the phosphate material which is hosted within the -1mm mass is not susceptible to physical beneficiation. The purpose of the QEMSCAN test work and the bulk sample preparation is to assess the potential for a chemical process to liberate P2O5 from the -1 mm fraction.
Complete results from the Phase 1 exploration program at Cardabia are now expected to be completed and released before Strata's year-end in June. This completion date is a quarter later than originally expected due to unforeseen delays in executing the complicated geochemical test work protocol designed for Cardabia. With a fifth of drill samples now processed and the protocol for Cardabia fully implemented, the Company is confident that it will achieve its new deadline for completion of the Phase 1 exploration program.
This news release was authorized by Darryl Mapleson who is a Fellow of the AusIMM and a Qualified Person as defined by National Instrument 43-101. Mr. Mapleson has reviewed the preparation of the scientific and technical information in this release.
Strata is also pleased to announce that effective April 1, 2013, its head office will be re-located from Toronto to Vancouver. The Company's new address and telephone number is:
Strata Minerals Inc.
Suite 1450 - 701 W Georgia Street
Vancouver, British Columbia V7Y 1G5
Tel: (866) 377-1172
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 exploration results 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 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.
|STRATA MINERALS INC.|
|Cardabia Project||P2O5 Grade by Sized Fraction Assay Upgrade|
|Phase 1 Exploration Program Results to Date|
|Hole Number||Sample||Metre||Metre||Grade||+4.75mm||-4.75||-1 mm to||<0.75um|
|Number||From||To||+1mm||+ 75 um|
|(results previously released December 2012)||3250||8.5||9||2.31%||*||20.79||1.51||0.58|
|(results previously released December 2012)||3378||9.5||10||3.99%||25.31||25.26||2.53||0.74|
|(results previously released December 2012)||3552||13.5||14||2.08%||28.47||23.07||1.87||0.74|
|(results previously released December 2012)||3839||21||21.5||0.25%||*||*||0.26||0.26|
|(results previously released December 2012)||4009||4.5||5||1.54%||5.43||5.89||1.02||0.28|
|CBAC012 (March 2013 Results)||1044||3||3.5||4.28%||24.5||26.2||8.09||1.22|
|CBAC020 (March 2013 Results)||1614||0.5||1||2.04%||29.4||28.2||4.16||0.72|
|CBAC035 (March 2013 Results)||2914||3||3.5||2.25%||19.4||18.9||1.61||0.54|
|CBAC005 (March 2013 Results)||444||17||17.5||0.42||*||*||2.9||0.23|
|CBAC014 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|CBAC015 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|CBAC019 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|CBAC027 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|CBAC032 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|CBAC033 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|CBAC058 (March 2013 Results)||Occurs East of Anticline with No P2O5 of significant grade|
|Bold Denotes Significant Upgrade|
|* Indicates Sample Too Small Thus Nothing in Size Distribution|
Image with caption: "Phase 1 Exploration Programme - March 2013 - Figure 1 - Drillhole Location Plan (CNW Group/Strata Minerals Inc.)". Image available at: http://photos.newswire.ca/images/download/20130404_C2740_PHOTO_EN_25218.jpg
Image with caption: "Cardabia Project Drillhole Sections - Phase 1 Exploration Program - Figure 2 - Drillhole Lithological Sections (March 2013) (CNW Group/Strata Minerals Inc.)". Image available at: http://photos.newswire.ca/images/download/20130404_C2740_PHOTO_EN_25216.jpg
Image with caption: "Cardabia Project Drillhole Sections - Phase 1 Exploration Program (March 2013) - Figure 2 - Drillhole Lithological Sections (CNW Group/Strata Minerals Inc.)". Image available at: http://photos.newswire.ca/images/download/20130404_C2740_PHOTO_EN_25217.jpg
SOURCE: Strata Minerals Inc.
For further information:
Peter Kozicz, President & CEO
Tel: 1 416 460-1159
Email: [email protected]
Brent Lokash, EVP & CFO
Tel: 1 604 862-5190
Email: [email protected]