Strait samples 15% zinc over 2.0 metres, 989 g/t silver over 1.5
metres on new polymetallic zone at Alicia
TSX-V: SRD
TORONTO,
Dec. 10, 2012 /CNW Telbec/ - Strait
Minerals Inc. (TSXV: SRD) is pleased to report results of recent
chip sampling from a previously unexplored area of its Alicia
property in Peru. Highlights
include 15.12% zinc, 989 grams per tonne (g/t) silver, greater than
30% lead, 3.27 g/t gold and 5.8% copper (see table below).
The sampling program was conducted in the
vicinity of old workings in the southeast quadrant of the 26-sq.-km
property. High-grade polymetallic veins were noted in this area by
the Company in a NI 43-101 technical report dated October 17, 2009, but no further work was
conducted here by the Company until now. The results indicate
significant values of gold, silver, lead, zinc and copper
associated with breccias and mantos in altered limestone over an
area of approximately 1,500 by 1,000 metres.
"This polymetallic mineralization appears to be
quite significant in its own right, but it is also consistent with
the geological model of the central intrusive complex at Alicia, a
porphyry copper-gold system about 1.5 km to the north, where we
have focused our efforts to date," said Strait Minerals President
Jim Borland. "We are in an area of
Peru where some very large mineral deposits have been outlined and
this newly identified zone is encouraging."
A total of 73 chip samples from mantos and
breccias were taken over widths of 0.5-6.0 metres. Quartz diorite
porphyry dikes and sills that appear to be related to the
mineralization were also sampled. Assay results show high values of
lead (<0.01 to >30%), zinc (0.01 to 15.12%) and silver (0.3
to 989 grams per tonne) as well as significant values of gold
(<0.1 to 3.27 grams per tonne) and copper (<0.01 to
5.8%).
Mantos are typically 1.0-2.5 metres wide, but
can reach up to eight metres in width. Breccias are generally 1-2
metres wide but can reach up to six metres. Mantos are typically
spaced 6-10 metres apart, with thinner bands in between. Both
mantos and breccias are composed of granular silica, chalcedony and
jasper with realgar and well crystallized barite in places.
The mineralization trends northeast-southwest
and remains open in both directions.
The Company has been conducting a sampling
program over the entire Alicia concession as part of a work program
funded by Teck Peru S.A. ("Teck"), a
wholly owned subsidiary of Teck Resources Limited. Under the terms
of its option agreement with the Company, Teck must spend
$30 million on exploration (or spend
$10 million on exploration plus
deliver a prefeasibility study) to earn a 75% interest in the
property.
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Sample # |
|
UTM
Coordinates |
|
width |
|
Au |
|
Ag |
|
Pb |
|
Zn |
|
Cu |
|
|
easting |
|
northing |
|
m |
|
g/t |
|
g/t |
|
% |
|
% |
|
% |
R10711 |
|
179030 |
|
8439508 |
|
2.00 |
|
0.239 |
|
36.0 |
|
2.36 |
|
0.62 |
|
0.36 |
R10712 |
|
178434 |
|
8439447 |
|
2.00 |
|
0.008 |
|
12.0 |
|
0.65 |
|
2.31 |
|
0.01 |
R10714 |
|
178328 |
|
8438938 |
|
4.00 |
|
0.128 |
|
30.4 |
|
0.26 |
|
0.15 |
|
0.01 |
R10715 |
|
178330 |
|
8438934 |
|
4.00 |
|
0.316 |
|
45.3 |
|
0.27 |
|
0.19 |
|
0.01 |
R10716 |
|
178332 |
|
8438930 |
|
3.00 |
|
0.222 |
|
34.6 |
|
0.08 |
|
0.06 |
|
0.00 |
R10717 |
|
178334 |
|
8438924 |
|
4.00 |
|
0.178 |
|
2.7 |
|
0.03 |
|
0.11 |
|
0.00 |
R10719 |
|
178227 |
|
8438560 |
|
2.20 |
|
0.254 |
|
25.4 |
|
2.33 |
|
1.70 |
|
0.05 |
R10720 |
|
178275 |
|
8438585 |
|
3.00 |
|
1.255 |
|
42.6 |
|
2.23 |
|
0.83 |
|
0.05 |
R10721 |
|
178279 |
|
8438586 |
|
2.00 |
|
0.817 |
|
26.1 |
|
2.89 |
|
0.96 |
|
0.03 |
R10722 |
|
178291 |
|
8438471 |
|
3.00 |
|
1.545 |
|
93.6 |
|
9.03 |
|
0.96 |
|
0.55 |
R10723 |
|
178351 |
|
8438503 |
|
1.00 |
|
2.598 |
|
74.2 |
|
14.76 |
|
0.03 |
|
0.37 |
R10724 |
|
178355 |
|
8438410 |
|
2.00 |
|
2.625 |
|
110.0 |
|
11.75 |
|
5.37 |
|
0.50 |
R10725 |
|
178544 |
|
8438309 |
|
3.00 |
|
0.136 |
|
6.9 |
|
0.13 |
|
0.35 |
|
0.26 |
R10726 |
|
178678 |
|
8438273 |
|
2.00 |
|
0.080 |
|
4.7 |
|
0.12 |
|
0.06 |
|
0.35 |
R10730 |
|
180422 |
|
8437291 |
|
3.00 |
|
0.078 |
|
0.5 |
|
0.01 |
|
0.02 |
|
0.73 |
R10731 |
|
179403 |
|
8438019 |
|
2.00 |
|
0.070 |
|
0.5 |
|
0.02 |
|
0.04 |
|
0.01 |
R10732 |
|
179396 |
|
8438000 |
|
2.00 |
|
0.121 |
|
0.8 |
|
0.05 |
|
0.03 |
|
0.02 |
R10733 |
|
178427 |
|
8438570 |
|
0.90 |
|
1.617 |
|
63.4 |
|
9.66 |
|
6.74 |
|
0.38 |
R10734 |
|
178477 |
|
8438576 |
|
0.60 |
|
1.292 |
|
199.0 |
|
28.18 |
|
0.10 |
|
0.73 |
R10735 |
|
178347 |
|
8438628 |
|
1.60 |
|
0.178 |
|
18.2 |
|
2.84 |
|
0.84 |
|
0.02 |
R10736 |
|
178359 |
|
8438632 |
|
2.50 |
|
2.174 |
|
20.8 |
|
3.26 |
|
1.25 |
|
0.11 |
R10737 |
|
178378 |
|
8438646 |
|
0.80 |
|
1.333 |
|
147.0 |
|
15.46 |
|
4.53 |
|
2.40 |
R10739 |
|
178388 |
|
8438722 |
|
1.50 |
|
1.297 |
|
148.0 |
|
23.88 |
|
0.33 |
|
0.69 |
R10740 |
|
178374 |
|
8438857 |
|
2.50 |
|
0.250 |
|
877.0 |
|
4.47 |
|
3.51 |
|
0.16 |
R10741 |
|
178440 |
|
8438793 |
|
1.20 |
|
2.299 |
|
50.8 |
|
7.23 |
|
7.32 |
|
0.04 |
R10742 |
|
178512 |
|
8438696 |
|
1.20 |
|
3.179 |
|
201.0 |
|
8.96 |
|
0.90 |
|
2.30 |
R10743 |
|
178517 |
|
8438708 |
|
1.50 |
|
1.541 |
|
989.0 |
|
18.24 |
|
0.57 |
|
2.85 |
R10744 |
|
178513 |
|
8438712 |
|
1.00 |
|
0.728 |
|
319.0 |
|
>30.00 |
|
0.23 |
|
1.48 |
R10745 |
|
178606 |
|
8438828 |
|
2.50 |
|
2.085 |
|
169.0 |
|
16.11 |
|
12.66 |
|
0.39 |
R10746 |
|
178720 |
|
8438737 |
|
1.00 |
|
1.049 |
|
68.4 |
|
10.00 |
|
0.50 |
|
0.06 |
R10747 |
|
178600 |
|
8438640 |
|
0.80 |
|
0.025 |
|
14.4 |
|
1.59 |
|
1.11 |
|
0.01 |
R10749 |
|
178617 |
|
8438506 |
|
1.00 |
|
0.385 |
|
19.2 |
|
2.82 |
|
1.93 |
|
0.03 |
R10750 |
|
178577 |
|
8438370 |
|
0.50 |
|
0.220 |
|
26.4 |
|
6.36 |
|
0.11 |
|
0.09 |
R10751 |
|
178719 |
|
8438050 |
|
0.50 |
|
3.272 |
|
8.2 |
|
0.06 |
|
0.24 |
|
2.01 |
R10752 |
|
178670 |
|
8438025 |
|
0.80 |
|
3.164 |
|
17.7 |
|
0.09 |
|
0.12 |
|
5.80 |
R10753 |
|
178672 |
|
8438640 |
|
0.80 |
|
0.032 |
|
21.0 |
|
1.89 |
|
0.15 |
|
0.01 |
R10754 |
|
178701 |
|
8438562 |
|
1.20 |
|
1.266 |
|
89.4 |
|
12.56 |
|
2.64 |
|
0.87 |
R10755 |
|
178831 |
|
8438675 |
|
3.00 |
|
0.401 |
|
49.3 |
|
4.83 |
|
0.11 |
|
0.20 |
R10756 |
|
178970 |
|
8438722 |
|
3.00 |
|
0.342 |
|
268.0 |
|
5.40 |
|
1.96 |
|
0.27 |
R10757 |
|
178985 |
|
8438839 |
|
1.00 |
|
0.523 |
|
38.7 |
|
1.52 |
|
0.15 |
|
0.10 |
R10759 |
|
178941 |
|
8438901 |
|
2.40 |
|
0.435 |
|
51.5 |
|
0.61 |
|
0.82 |
|
0.15 |
R10760 |
|
178790 |
|
8438536 |
|
6.00 |
|
0.024 |
|
0.4 |
|
<0.01 |
|
0.01 |
|
<0.01 |
R10761 |
|
178780 |
|
8438190 |
|
1.00 |
|
0.209 |
|
390.0 |
|
0.18 |
|
0.22 |
|
1.38 |
R10762 |
|
178771 |
|
8438293 |
|
2.00 |
|
1.347 |
|
124.0 |
|
0.93 |
|
0.28 |
|
0.47 |
R10763 |
|
178746 |
|
8438435 |
|
0.80 |
|
0.158 |
|
13.2 |
|
0.62 |
|
0.07 |
|
0.36 |
R10764 |
|
179098 |
|
8438716 |
|
2.00 |
|
0.351 |
|
187.0 |
|
3.34 |
|
15.12 |
|
0.09 |
R10765 |
|
179040 |
|
8438709 |
|
2.50 |
|
0.003 |
|
1.0 |
|
0.01 |
|
0.02 |
|
<0.01 |
R10766 |
|
179100 |
|
8438600 |
|
0.15 |
|
0.050 |
|
4.8 |
|
0.18 |
|
0.16 |
|
<0.01 |
R10767 |
|
179006 |
|
8438544 |
|
0.70 |
|
0.378 |
|
25.6 |
|
2.64 |
|
0.76 |
|
0.18 |
R10769 |
|
178925 |
|
8438478 |
|
2.00 |
|
0.106 |
|
1.8 |
|
0.13 |
|
0.24 |
|
0.03 |
R10770 |
|
178880 |
|
8438552 |
|
3.00 |
|
0.234 |
|
5.6 |
|
0.30 |
|
0.31 |
|
0.04 |
R10771 |
|
178945 |
|
8438405 |
|
0.80 |
|
0.669 |
|
10.4 |
|
0.78 |
|
0.33 |
|
0.17 |
R10772 |
|
178830 |
|
8438335 |
|
0.60 |
|
0.003 |
|
0.3 |
|
0.01 |
|
0.02 |
|
<0.01 |
R10773 |
|
178820 |
|
8438461 |
|
1.20 |
|
0.007 |
|
3.5 |
|
0.01 |
|
0.01 |
|
0.01 |
R10774 |
|
178841 |
|
8438525 |
|
1.50 |
|
0.010 |
|
1.0 |
|
0.06 |
|
0.07 |
|
0.01 |
R10775 |
|
178840 |
|
8438650 |
|
0.80 |
|
1.132 |
|
30.2 |
|
2.81 |
|
0.26 |
|
0.06 |
R10776 |
|
178965 |
|
8438844 |
|
1.00 |
|
0.911 |
|
885.0 |
|
2.38 |
|
0.03 |
|
0.14 |
R10777 |
|
179120 |
|
8438810 |
|
0.80 |
|
0.003 |
|
1.9 |
|
0.01 |
|
0.01 |
|
<0.01 |
R10779 |
|
178516 |
|
8439000 |
|
2.20 |
|
0.003 |
|
1.9 |
|
0.07 |
|
0.08 |
|
<0.01 |
R10780 |
|
178455 |
|
8439034 |
|
3.00 |
|
0.213 |
|
107.0 |
|
0.69 |
|
0.38 |
|
0.02 |
R10781 |
|
178456 |
|
8439038 |
|
3.00 |
|
0.024 |
|
145.0 |
|
1.21 |
|
0.32 |
|
0.04 |
R10783 |
|
178364 |
|
8439216 |
|
0.60 |
|
0.009 |
|
1.1 |
|
0.03 |
|
0.05 |
|
<0.01 |
R10784 |
|
178566 |
|
8439035 |
|
0.50 |
|
0.098 |
|
74.7 |
|
0.21 |
|
0.80 |
|
0.05 |
R10785 |
|
178655 |
|
8438972 |
|
0.80 |
|
0.039 |
|
15.9 |
|
1.94 |
|
1.85 |
|
<0.01 |
R10786 |
|
178610 |
|
8438900 |
|
1.50 |
|
0.42 |
|
149 |
|
7.37 |
|
6.42 |
|
0.07 |
R10787 |
|
178695 |
|
8439032 |
|
2.00 |
|
0.04 |
|
13.0 |
|
0.42 |
|
0.48 |
|
0.02 |
R10788 |
|
178655 |
|
8439222 |
|
2.00 |
|
0.085 |
|
51.8 |
|
0.30 |
|
0.68 |
|
0.01 |
R10789 |
|
178843 |
|
8439305 |
|
2.00 |
|
0.01 |
|
2.3 |
|
0.02 |
|
0.17 |
|
0.02 |
R10790 |
|
178937 |
|
8439330 |
|
2.00 |
|
<0.005 |
|
1.0 |
|
<0.01 |
|
0.03 |
|
<0.01 |
R10791 |
|
179091 |
|
8439264 |
|
2.00 |
|
0.052 |
|
19.5 |
|
0.16 |
|
0.13 |
|
0.02 |
Quality Control and Quality Assurance
All sampling at Alicia 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.
Samples are sent to AcmeLabs in Lima for preparation before being couriered to
the AcmeLabs in Santiago for
assay. Acme's Santiago facility is
an ISO 9001:2000 registered laboratory. Samples are analyzed for
gold by fire assay followed by atomic absorption spectroscopic
(AAS) finish and by gravimetric finish for samples exceeding the
upper limit of analysis (over limit). Silver, copper, molybdenum,
lead and zinc, together with 30 other elements, were assayed by
inductively coupled plasma-atomic emission spectrometry (ICP-AES)
following aqua regia dissolution. Samples with silver, lead, zinc
and 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 55% interest
with an option to increase that interest to 100% 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.
SOURCE Strait Minerals Inc.