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Strike Minerals Announces Sampling Results of First Lift on the Edwards #1 Zone
Written by Strike Minerals Inc.   
Wednesday, 20 March 2013 09:17

Strike Minerals Inc. announces sampling results from the first lift on the Edwards #1 zone above the 60 metre level. The lift created approximately 225 tonnes of mineralized material. Muck samples at 8 foot intervals from the first lift returned an average grade of 38.98 gpt Au over 1.5 metre width over a length of 24 metres. Chip samples taken across the back after removal of the first lift returned a weighted average grade of 15.39 gpt Au over 1.5 metres for a length of 24 metres. Initial back sampling of the Edwards #1 zone on the 60 metre level returned a weighted average grade of 25.45 gpt Au over 1.5 metres for a length of 21 metres (see PR May 23 and June 6, 2012).

Historical sampling of the Edwards #1 zone on the 30 metre level (Shaynee Consolidated Mines, 1963) returned a grade of 0.407 opt over 6.5 feet for a length of 80 feet (13.95 gpt over 2.0 metres for a length of 24.4 metres). That result is consistent with the current sampling being conducted by Strike to indicate the continuity of the Edwards #1 zone between the 60 and 30 metre levels.

Strike has conducted in excess of 40,000 feet of drilling on the property that has delineated a number of parallel auriferous quartz vein systems in addition to the ones mined in early 2000. Development of the cross-cut on the 60 metre level intersected the Edwards #1 and Edwards #5 zones and Strike plans to continue development on the 60 metre level past the Rusty Weathered zone to the Plowman #1 and #3 zones. On the 90 metre level, Strike plans to develop the cross-cut through the New North 2, New North 1, Edwards #1, Edwards #5, Rusty Weathered, Plowman #1 and Plowman #3 zones.

Drifting has already been completed on the Edwards #5 zone on the 60 metre level where back sampling returned a weighted average grade of 15.14 gpt Au over a 1.5 metre width for a length of 24 metres. (See PR August 22, 2012).

The sample results from these assays on muck material from the Edwards #1 first lift have increased the confidence in historical diamond drill sampling on the mineralized zones and the extrapolation of drill results to larger zones within the veins. It must be noted that gold mineralization within quartz veining in the area of the Edwards mine tends to exhibit the nugget effect, and the reproduction of any sampling results is not always possible.

The back samples were assayed by Agat Laboratories of Mississauga, Ontario, an accredited laboratory. The assaying was done by fire assay; all samples with a value greater than 10 grams were re-assayed to confirm the value. Muck samples were assayed at the Wawa Assay lab, a non-accredited laboratory, run by Wesdome. Michael Newbury, P. Eng (ON), a "qualified person" as such term is defined by National Instrument 43-101 and an officer and director of Strike has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Strike. On site management of the sampling was managed by Bruce Edgar, P. Geol., a director of Strike.

ABOUT STRIKE

Strike Minerals Inc. is a TSX-V listed company that is engaged in the exploration and development of precious metal properties in Canada. Its primary property is the former producing Edwards Gold Mine property in the Goudreau – Lochalsh Gold Camp near Wawa, Ontario. Historic production in the camp between 1930 and 2001 is estimated at 500,000 ounces. Between 1996 and 2001 underground development was completed through a decline to a depth of approximately 290 m and mining over the period resulted in 145,000 oz being produced from the Edwards property at an average grade of 0.39 opt. Subsequent drilling on the property has delineated an additional five zones that have significant gold mineralization. At present Strike has dewatered the underground workings below the 140m level and has now completed underground drifting on both the 60m and 90m level and is drifting on both the Edwards #1 and #5 zones with the plan to be in production in 2013.

 

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