Stratton Resources Commences Drilling at its MAC Molybdenum-Copper Project in British Columbia, Canada
September 19 2011 - 8:00AM
Marketwired
Stratton Resources Inc. (TSX VENTURE: SI) ("Stratton" or the
"Company") is pleased to announce it has commenced drilling at the
MAC Molybdenum-Copper Project ("MAC") located in central British
Columbia, Canada. MAC is an under-explored molybdenum-copper
project with historic molybdenum resources (non-43-101 compliant)
that have significant upside potential. Initial work will be
carried out with the goal of confirming, expanding and quantifying
the molybdenum resource. It will also target the previously
unreported copper component and bring the resource into compliance
with NI 43-101 standards by drilling 10,000 meters of diamond drill
holes in the Camp Zone. Two diamond drills are being mobilized to
site.
Exploration programs, including three diamond drilling campaigns
since the discovery of the MAC Project in 1982, have located
molybdenum and copper mineralization in three areas; the Camp, Pond
and Peak Zones over an area approximately 3,000 meters long by
1,200 meters wide. This previous drilling has focused on the Camp
Zone, an area 700 meters by 500 meters, where molybdenite
mineralization extends outward for some 50 to 90 meters in a zone
of biotite-bearing hornfelsed rocks along the east, north and west
contacts of a quartz monzonite stock. The zone appears to form two
lenses of higher-grade mineralization at the east and west contact
linked by a lower grade core zone of molybdenum-copper
mineralization within the quartz monzonite body. Molybdenum grades
from historical drilling in the Camp Zone stock range from 0.011%
molybdenum over 31.4 meters in hole 89-6 to a high of 0.062%
molybdenum and 0.049% copper over 120.4 meters in hole 89-1. Grades
within the hornfelsed and mineralized volcanics range from 0.024%
molybdenum and 0.04% copper over 94.4 meters in hole 89-5 to 0.122%
molybdenum and 0.214% copper over 165.8 meters including 0.185%
molybdenum and 0.256% copper over 96.0 meters in 96-27. The Camp
Zone has been drilled to an average depth of about 150 meters and
all available data indicates that mineralization remains open at
depth. Please see the Stratton Resources website
(www.strattonresources.com) for MAC Project maps.
In early August, the entire land package (approximately 13,000
hectares) was covered with an airborne mag and EM (ZTEM) survey
with 100 meter spacing on the southern claim block and 200 meter
spacing on the northern claim block. Following the Camp Zone
drilling program, exploration drilling will continue to test known
anomalies and drill targets identified by the ground and airborne
geophysical surveys. In addition, further ground IP survey work
will be conducted. A winterized camp has been established that will
support year-round exploration on the project.
Stratton's President and CEO, Greg McCunn, said, "The MAC
Project is an opportunity for Stratton to delineate a major
molybdenum-copper deposit in a mining area that is known for its
large porphyry deposits. With drilling underway at MAC and drilling
about to commence at Bear Canyon in Arizona, we are looking very
forward to exciting developments from both our projects in the
coming months. At the same time we are preparing a first phase
program for our 100% owned Lunar Project in northern British
Columbia."
On behalf of the Board of Directors,
Greg McCunn, President & CEO
Qualified Person
Richard Haslinger, P.Eng., is the qualified person under NI
43-101 who has reviewed the technical disclosure in this news
release and assumed responsibility for it.
About Stratton Resources
Stratton Resources Inc. is a Canadian mineral exploration
company focused on the discovery and development of porphyry
molybdenum-copper deposits in British Columbia and Arizona.
Stratton's goal is to build a quality asset portfolio consisting of
base metal properties at various stages of development.
The Company's flagship project is the advanced stage MAC
Molybdenum-Copper Project ("MAC") located approximately 80
kilometers northwest of Fort St. James in central British Columbia.
Historical exploration work completed on the MAC project has
identified significant zones of porphyry molybdenum and copper
mineralization. The Company is also advancing exploration drilling
on its Bear Canyon copper project in south-eastern Arizona and
holds a 100% interest in the Mt. Hayes copper-gold porphyry project
located on the south coast of British Columbia. The Company has
also signed a final Purchase and Sale Agreement on the Lunar Copper
Porphyry Project located 90 kilometers north of the Kemess mine
(Northgate Minerals) in northern British Columbia.
With an experienced management team that has a proven track
record of successful discovery and development of mineral deposits,
Stratton is positioned to rapidly build shareholder value.
For more information please visit our website at
www.strattonresources.com.
Disclosure Notes
The above release contains forward looking information, which in
Stratton's view is based on reasonable assumptions and estimates.
There can be no assurance that forward looking statements will
prove to be accurate and are subject to may factors beyond the
control of Stratton including third party consents, regulatory
approvals the state of capital markets and the appetite for higher
risk junior resource companies. For further details about Stratton
and the risks it faces see its public filings at www.sedar.com.
The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to, or
for the benefit of, U.S. persons (as defined in Regulation S under
the U.S. Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to
an exemption from such registration requirements.
Neither the TSX Venture Exchange nor any other regulatory
authority accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Stratton Resources Inc. Deanna Kress (604) 683-8193 or
Toll Free: 1-800-863-8655 (604) 683-8194 (FAX)
info@strattonresources.com www.strattonresources.com
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