Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce that exploration is underway at its Midway gold project located in South Carolina, USA. Current exploration work includes ground geophysical and geochemical surveys in advance of an initial drill program scheduled for late March 2011. Highlights include:
- Geophysical crews are on site conducting induced-polarization (IP) and magnetic surveys of top priority targets;
- Geochemical surveys are underway, consisting of i) detailed infill sampling of existing targets, ii) an evaluation of newly acquired properties in the Midway area, and iii) reconnaissance surveys to aid in regional target identification;
- Regional geochemical surveys will include an evaluation of approximately 25,000 acres of prospective private property to which the Company has secured permission to access;
- Strongbow has expanded its Midway project by completing another six property agreements with private land owners, increasing the total area under option to 25 agreements covering approximately 2,800 acres.
Ground geophysical surveys are scheduled to test at least three priority target areas and will continue for another two to three weeks. Geochemical surveys have been underway for the last two weeks with approximately 500 samples collected to date, including 170 samples intended to better define several priority targets identified in 2010 (please see News release #11-01 dated January 24, 2011 for details). Current surveys are focused on several recently acquired properties in the Midway area, as well as an evaluation of the gold potential of over 25,000 acres within the Carolina Slate Belt to which Strongbow has gained permission to access.
Strongbow has signed an additional six option agreements with private landowners, covering approximately 450 acres, including three properties located immediately adjacent to the past producing Brewer gold mine. Terms of the option agreements include certain annual cash payments and upon exercising an option, Strongbow will either purchase the 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. To date, Strongbow's acquisition and tenure costs for the Midway project, including option payments made to individual land owners, as well as related legal title search expenses, have totalled approximately $370,000.
About the Midway gold project
The Midway project consists of approximately 2,800 acres within the prospective, 16 kilometre (10 mile) Haile-Brewer gold trend in South Carolina. All of the Midway properties are located adjacent to either the past producing Brewer gold mine or properties owned by Romarco Minerals Inc. (R-TSX) including Romarco's Haile gold mine and Buzzard properties. Current measured and indicated resources reported by Romarco for the Haile gold mine consist of 3.1 million ounces gold with additional inferred resources of 1.1 million ounces gold. Gold mineralization at the Haile and Brewer mines, as well as at the nearby Buzzard prospect, is hosted within volcanic and sedimentary rocks of the Carolina Slate Belt (CSB). A preliminary evaluation of the Midway project area has identified several geological characteristics reportedly associated with mineralization at the Haile and Brewer gold deposits. Strongbow is also working to identify and acquire additional gold targets within the CSB.
About Strongbow Exploration Inc.
Strongbow is exploring for gold deposits within the Carolina Slate Belt of the southeastern United States, as well as magmatic nickel-copper sulphide deposits along the Snowbird Tectonic Zone in central Canada. Strongbow's management and board of directors have a proven track record of exploration success and a demonstrated ability to raise the capital required to finance its exploration programs.
Strongbow's 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:
Ken Armstrong
President and CEO
Tel: 604 668 8355
Email: info@strongbowexploration.com
Website: www.strongbowexploration.com
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.
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