Strike muck samples 38.98 g/t Au at Edwards No. 1
Strike muck samples 38.98 g/t Au at Edwards No. 1
2013-03-19 13:25 ET - News Release
Mr. Kerry Smith reports
STRIKE MINERALS ANNOUNCES SAMPLING RESULTS OF FIRST LIFT ON THE EDWARDS #1 ZONE
Strike Minerals Inc. has provided sampling results from the first lift on the Edwards No. 1 zone above the 60-metre level. The lift created approximately 225 tonnes of mineralized material. Muck samples at eight-foot intervals from the first lift returned an average grade of 38.98 grams per tonne gold over a 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 g/t Au over 1.5 metres for a length of 24 metres. Initial back sampling of the Edwards No. 1 zone on the 60 metre level returned a weighted average grade of 25.45 g/t Au over 1.5 metres for a length of 21 metres (see PR May 23 and June 6, 2012).
Historical sampling of the Edwards No. 1 zone on the 30-metre level (Shaynee Consolidated Mines, 1963) returned a grade of 0.407 ounce per ton over 6.5 feet for a length of 80 feet (13.95 g/t 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 No. 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 crosscut on the 60-metre level intersected the Edwards No. 1 and Edwards No. 5 zones, and Strike plans to continue development on the 60-metre level past the Rusty Weathered zone to the Plowman No. 1 and No. 3 zones. On the 90-metre level, Strike plans to develop the crosscut through the New North 2, New North 1, Edwards No. 1, Edwards No. 5, Rusty Weathered, Plowman No. 1 and Plowman No. 3 zones.
Drifting has already been completed on the Edwards No. 5 zone on the 60-metre level where back sampling returned a weighted average grade of 15.14 g/t Au over a 1.5-metre width for a length of 24 metres (see PR Aug. 22, 2012).
The sample results from these assays on muck material from the Edwards No. 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, Ont., an accredited laboratory. The assaying was done by fire assay; all samples with a value greater than 10 grams were reassayed to confirm the value. Muck samples were assayed at the Wawa Assay lab, a non-accredited laboratory, run by Wesdome. Michael Newbury, PEng (Ontario), 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, PGeol, a director of Strike.
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