Drilling Underway at Strongbow’s Shovelnose Gold Property, BC
November 13 2012 - 2:43PM
Business Wire
Strongbow Exploration Inc. (SBW: TSXV) has been notified by
Westhaven Ventures Inc. (WHN: TSXV) that exploration drilling is
underway at the Shovelnose gold property located adjacent to the
Coquihalla highway, approximately 30 km south of Merritt, British
Columbia. The program will consist of approximately 600 m of
drilling to test a number of target areas including the Tower
showing where drilling identified a broad alteration system in 2011
(55.8 m grading 0.21 g/t Au), as well as the Tower Creek valley
that separates the Tower showing from the Mik gold showings.
Detailed soil sampling along this interpreted fault valley has
defined a 1,400 m long anomaly with elevated gold, arsenic,
mercury, antimony and molybdenum. Prospecting conducted in 2011
uncovered a heavily veined, pyrite flooded siliceous rock along the
margin of the Tower Creek valley that returned 6.8 g/t gold. This
sample was located 300 metres south of a previously reported rock
sample that returned 119.0 g/t gold and 271 g/t silver.
Westhaven is currently working to earn up to a 70% interest in
the Shovelnose property, including an initial 51% interest by
incurring $1.5 million in exploration expenditures over a three
year period and issuing a total of 300,000 common shares to
Strongbow. Within 12 months of having earned its 51% interest in
the property, Westhaven will have the option to increase its total
property interest to 70% by issuing an additional 500,000 shares to
Strongbow, and incurring an additional $1.5 million in exploration
expenditures.
Strongbow also reports that it has been notified by North Arrow
Minerals that North Arrow will not proceed with the option
agreement to earn an interest in Strongbow’s Snowbird nickel
project as announced in Strongbow news release #12-07 dated August
3rd, 2012.
Qualified Person Statement
David Gale, P.Geo. (BC), Vice-President of Exploration for
Strongbow and a qualified person under NI 43-101 has read and takes
responsibility for the technical information in this release.
STRONGBOW EXPLORATION INC.
/s/“Kenneth A. Armstrong”
Kenneth A. Armstrong
President and CEO
The TSX Venture Exchange has not reviewed, and
does not accept responsibility for the adequacy of this
release.
To view this press release as a webpage, please click on the
following link:
http://www.fscwire.com/pr/strongbownov132012.htm
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