Strait Extends Porphyry Mineralization at Alicia
2014年1月22日 - 6:40AM
Marketwired
Strait Extends Porphyry Mineralization at Alicia
TORONTO, ONTARIO--(Marketwired - Jan 21, 2014) - Strait Minerals
Inc. ("Strait" or the "Company") (TSX-VENTURE:SRD) is pleased to
report results from a drill program at the Company's 100%-owned
Alicia porphyry copper property in Peru.
Teck Peru S. A. ("Teck Peru"), a wholly owned subsidiary of Teck
Resources Limited ("Teck"), funded the program under an
option/joint-venture agreement with the Company. Selected results
from the 10-hole, 4,000-metre core drilling program are provided in
the table below.
Hole ID |
Easting* |
Northing* |
From |
To |
Intersection |
Cu (%) |
Mo (%) |
ALC-13-19 |
177765 |
8440470 |
38 |
46 |
8 |
0.10 |
less than 0.001 |
|
|
|
|
|
|
|
|
ALC-13-20 |
177600 |
8440930 |
64 |
88 |
24 |
0.24 |
0.002 |
|
including |
|
|
64 |
74 |
10 |
0.40 |
0.006 |
|
|
|
|
|
|
|
|
ALC-13-21 |
177600 |
8440780 |
40 |
120.5 |
80.5 |
0.17 |
less than 0.001 |
|
including |
|
|
84 |
94 |
10 |
0.25 |
less than 0.001 |
|
|
|
|
|
|
|
|
ALC-13-22 |
177600 |
8440480 |
190.35 |
198.35 |
8 |
0.11 |
less than 0.001 |
|
|
|
316.35 |
350.35 |
34 |
0.17 |
0.001 |
|
including |
|
|
322.35 |
332.35 |
10 |
0.29 |
0.001 |
|
|
|
|
|
|
|
|
ALC-13-23 |
177400 |
8440917 |
161.8 |
182 |
20.2 |
0.10 |
0.004 |
|
|
|
200 |
252 |
52 |
0.10 |
0.003 |
|
including |
|
|
200 |
220 |
20 |
0.13 |
0.006 |
|
|
|
364 |
544.6 |
180.6 |
0.11 |
0.002 |
|
including |
|
|
364 |
378 |
14 |
0.22 |
0.004 |
|
including |
|
|
370 |
376 |
6 |
0.36 |
0.008 |
|
|
|
|
|
|
|
|
ALC-13-24 |
177400 |
8440617 |
6 |
19.5 |
13.5 |
0.11 |
less than 0.001 |
|
|
|
|
|
|
|
|
ALC-13-25 |
178300 |
8440800 |
11.9 |
34.55 |
22.65 |
0.11 |
less than 0.001 |
|
|
|
101.9 |
158 |
56.1 |
0.12 |
0.001 |
|
|
|
337.1 |
347.3 |
10.2 |
0.16 |
0.008 |
|
|
|
|
|
|
|
|
ALC-13-26 |
178800 |
8440435 |
No assays - Limestone |
|
|
|
|
|
|
|
|
|
|
ALC-13-27 |
178300 |
8440650 |
184 |
203.7 |
19.7 |
0.12 |
0.001 |
|
|
|
294 |
300 |
6 |
0.10 |
0.002 |
|
|
|
|
|
|
|
|
ALC-13-28 |
177248 |
8440767 |
152 |
163 |
11 |
0.14 |
less than 0.001 |
|
|
|
388.5 |
503.7 |
115.2 |
0.05 |
0.010 |
|
including |
|
|
388.5 |
419 |
30.5 |
0.10 |
0.009 |
* UTM Co-ordinate system PSAD 56 Zone 19S. For complete assays
results, click on this link: -
http://www.straitminerals.com/i/pdf/Assays-2013-Complete.pdf |
Drilling tested the outcropping zone of porphyry intrusives
across approximately 900 metres east to west. In addition, two
holes were drilled to test for porphyry mineralization under cover
to the east and west of the area of outcrop (See drill location map
at:
http://www.straitminerals.com/i/pdf/KTh-Comp-with-2013-drillholes.pdf).
The average depth of the holes was 400 metres with the deepest
hole, ALC-13-23, bottoming at 601 metres and ALC-13-26, a 500m
step-out to the east, terminated in barren limestone at 61
metres.
Porphyry style alteration was intersected in nine of the 10
holes, with the exception being ALC-13-26. Potassic alteration
(biotite-K-feldspar± magnetite) is dominant in the central and
western part of the porphyry complex, with lesser
sericite-chlorite-clay (SCC) alteration. Both of these alteration
types are also present in hole ALC-13-28, a 150-metre step-out
drilled to test for porphyry mineralization under cover to the west
of the limit of outcrop.
"This program confirmed the existence of a mineralized
copper-molybdenum porphyry system at Alicia," said Strait President
Jim Borland. "The full extent of the mineralization has not yet
been established, as drilling tested only a portion of the area of
interest outlined by geophysics, rock sampling and soil sampling.
In particular, the presence of porphyry mineralization and
alteration in hole ALC-13-28 suggests further potential associated
with untested soil anomalies to the west and northwest."
Alicia lies within the 150-km-long Andahuaylas-Yauri copper belt
where several large copper projects are at the development stage.
Most notable of these are Glencore-Xstrata's Las Bambas project
approximately 40 km west of Alicia and HudBay Mining's Constancia
project approximately 60 km east of Alicia. The Company also holds
an option to earn a 100% interest in the Caribe property
approximately 80 km west of Alicia and within the same copper
belt.
Under an Option/Joint Venture Agreement, Teck Peru can earn an
initial 45% interest in the Alicia property by spending $4 million
by December 31, 2014. Since entering into the Agreement in late
2011, Teck Peru has spent approximately $2.5 million. Strait has
conducted the exploration program on Teck Peru's behalf for which
it received a 10% management fee. Teck Peru can earn up to a 75%
interest in the Alicia property in stages by December 31, 2019, by,
among other things, (a) completing aggregate exploration
expenditures of $30 million or (b) completing aggregate exploration
expenditures of $10 million and delivering a pre-feasibility
study.
Drilling by Strait in 2011, prior to optioning the property to
Teck Peru, tested several outcropping skarn zones along the contact
of the porphyritic intrusives with surrounding limestone. That
program intersected continuous mineralization across 600 metres,
east to west. (See NI43-101- technical report filed April 26, 2011,
on sedar.com). Best results from that drilling included 94.3 metres
(true width) of skarn material in Hole ALC10-08 grading 0.33%
copper and 0.04 grams per tonne (g/t) gold and 134.0 metres of
skarn material in Hole ALC11-16 grading 0.29% copper and 0.03 g/t
gold.
Quality Control and Quality Assurance
All sampling is supervised by Strait Minerals personnel. Samples
are placed in plastic sample bags that are closed with single use
plastic ties. Samples are securely stored in a locked room prior to
transportation to Cusco by Strait Minerals personnel. Copper and
molybdenum, together with 30 other elements, were assayed by
inductively coupled plasma-atomic emission spectrometry (ICP-AES)
following aqua regia dissolution. Samples with copper assays above
the upper limit for the ICP-AES technique were re-assayed by atomic
absorption (AA). Strait Minerals routinely carries out a program of
quality assurance/quality control (QA/QC) that includes insertion
of blanks, standards and duplicates into the sample stream to
verify results prior to dissemination.
All of the Company's exploration programs are prepared by, or
prepared under the supervision of, Dr. Roger Moss, P.Geo., who
serves as the Qualified Person as defined by NI 43-101 and is a
director of the Company. Dr. Moss has reviewed and approved the
technical content of this news release.
About Strait Minerals Inc.
Strait Minerals Inc. is a Canadian mineral exploration company
active solely in Peru since 2003 and listed on the TSX Venture
Exchange. It holds a 100% interest in the Alicia copper-gold
property which lies within the Andahuaylas-Yauri copper belt
approximately 500 km southeast of Lima. Strait has granted Teck
Peru S.A., a wholly owned subsidiary of Teck Resources Limited, an
option to earn up to a 75% interest in the property by, among other
things, spending $30 million on exploration or by spending $10
million on exploration and delivering a pre-feasibility study. The
Company also holds an option to earn a 100% interest in the Caribe
copper-molybdenum property approximately 80 km west of Alicia and
holds a 100% interest in both the Letra Rumi South base metals
property and the Culebrilla precious metals property approximately
250 km north of Lima. The Company continuously reviews exploration
opportunities in Peru and is actively seeking additional projects.
Please visit our web site at www.straitminerals.com.
Forward Looking Statement: Some of the statements contained
herein may be forward-looking statements which involve known and
unknown risks and uncertainties. Without limitation, statements
regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward
looking statements that involve various risks. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and
mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. Strait undertakes no
obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change,
except as required by law. The reader is cautioned not to place
undue reliance on such forward-looking statements.
Neither 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 release.
Strait Minerals Inc.Jim
BorlandPresident416-272-7387jborland@straitminerals.comwww.straitminerals.com
(TSXV:SRD)
過去 株価チャート
から 4 2024 まで 5 2024
(TSXV:SRD)
過去 株価チャート
から 5 2023 まで 5 2024