Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce it has concluded fifteen option agreements with private land owners within the Haile-Brewer gold trend in South Carolina, USA. The Haile-Brewer trend extends for over 15 kilometres between the past-producing Haile and Brewer gold mines located within the volcanic and sedimentary rocks of the Carolina slate belt (CSB). The CSB is host to a number of additional past producing mines including Rio Tinto's Ridgeway mine which had total gold production of approximately 1.5 million ounces. Strongbow's Midway gold project encompasses approximately 1,900 acres of prospective geology located between and along strike from Romarco Minerals Inc.'s (R: TSXV) Haile gold mine and Buzzard exploration properties. Current measured and indicated resources reported by Romarco for the Haile gold mine consist of 2.2 million ounces gold with additional inferred resources of 2.0 million ounces gold.
"Acquisition of the highly prospective, underexplored properties of the Midway gold project represents an opportunity for Strongbow to step into an emerging world class gold camp," commented Ken Armstrong, Strongbow's President and CEO. "There are not many places where you can identify and acquire exploration properties in such close proximity to established multi-million ounce gold resources in a low cost, mining friendly jurisdiction such as South Carolina."
The Midway project includes over 1,450 contiguous acres covering a 2.5 kilometre strike length of the Haile-Brewer gold trend. Despite its location along strike from and in close proximity to the Haile and Buzzard properties, extensive coastal plain sand deposits cover these Midway properties, and as a result comparably little past exploration work has been conducted in this area. Importantly, at the Haile gold mine, Romarco has recently reported the discovery of significant gold mineralization outside of existing resources and beneath the coastal plain sands, including intercepts of 60.7 metres (m) grading 11.9 grams per tonne (g/t) gold and 148.3 m grading 3.6 g/t gold at the newly discovered Horseshoe zone. Discovery of the Horseshoe zone confirms the potential of the CSB to host additional high grade gold mineralization along strike from the Haile gold mine beneath the sands of the coastal plain cover sequence.
In the Midway project area, the unconsolidated coastal plain sands are estimated to be <10 m thick and government mapping along a local creek bed has identified a volcanic-sediment contact considered to be an important local control on gold mineralization. Initial prospecting of the Midway properties by Strongbow has identified clay alteration within CSB rocks exposed along streambeds at two separate locations. A series of narrow quartz veins were noted at one of the locations. PIMA analyses of samples from this altered bedrock have confirmed the presence of kaolinite and possible sericite clays. The presence of these clay minerals is significant, as kaolinite/sericite/quartz alteration has been described in close spatial relationship to gold mineralization at the Haile gold mine.
The Midway project also includes two land parcels that directly adjoin Romarco's Buzzard property. Reported results from exploration in the Buzzard area by Cepeda Minerals Inc. during the 1990's included highlight drill results of 129 feet (39.3 m) grading 0.259 ounce per ton (opt) gold (7.3 g/t) and 275 feet (83.8 m) grading 0.025 opt gold (0.7 g/t).
Terms of the option agreements covering the Midway project include certain annual cash payments to the landowners and, subject to regulatory approval, the issuance of 100,000 common shares to Mr. Thomas Thompson. Upon exercising each of the options, Strongbow will either purchase each subject property or enter into a long term mining lease. The properties will be subject to a gross overriding royalty to the current land owners.
Planning is underway to commence an initial exploration program on the Midway project this Fall, including geochemical and geophysical surveys. Strongbow's 2010 exploration programs are conducted under the supervision of David Gale, P.Geo.(BC), Vice-President of Exploration for Strongbow and a qualified person under NI 43-101.
STRONGBOW EXPLORATION INC.
/s/"Kenneth A. Armstrong"
Kenneth A. Armstrong
President and CEO
For further information, please contact:
President and CEO
Tel: 604 668 8355