Strongbow Identifies High Priority Drill Targets at the Ridgeway Gold Project, South Carolina
Strongbow Exploration Inc. (SBW:TSXV) is pleased to report that recently
completed soil geochemical and bedrock mapping surveys at the Company's
Ridgeway gold project, South Carolina have identified new high priority
targets located directly along strike from the past producing Ridgeway
gold mine.
A total of 167 geochemical and prospecting samples were collected and
two new target areas have been identified. A gold-in-soil anomaly
measuring 700 metres by 400 metres has been identified approximately 350
metres east of the Ridgeway gold mine's North Pit, which hosted
approximately half of the 1.5 million ounces of gold mined from the site
in the 1990′s. A second, larger gold-in-soil anomaly covers a 600 metre
by 1,000 metre area centred approximately 1,400 metres to the east of
the North Pit. The southern portion of this larger soil anomaly is cored
by two soil samples that returned values exceeding 400 ppb Au and
separated by 200 metres. In addition to gold, both of the new target
areas are further defined by coincident anomalies of arsenic, molybdenum
and tellurium, which are key pathfinder elements at the Ridgeway mine.
The new targets cover a portion of the along strike extension of the
host stratigraphic sequence to mineralization at the North Pit and are
located on properties that were not subject to drilling during
exploration and development of the Ridgeway mine.
These new, high priority targets help to further define a prospective
corridor of quartz-sericite alteration that extends eastwards from the
Ridgeway mine. Surface exploration work and drilling conducted by
Strongbow in May 2012 on a property five kilometres east of the North
Pit encountered hydrothermal alteration with associated, locally
anomalous, gold and molybdenum values within mafic to felsic volcanic
rocks. Sonic drill hole RS12-06 returned values from background up to
157 ppb Au, and is situated within a 700 metre by 400 metre gold,
molybdenum and arsenic soil geochemical anomaly, in an area where
strongly sericite altered felsic volcanic rocks and siliceous exhalites
have been mapped at surface (please see Strongbow news release #12-06
dated July 26th, 2012).
The Company′s Lloyd Zone prospect, situated 3.2 km east of the Ridgeway
mine, provides key evidence that satellite hydrothermal systems, similar
to the Ridgeway mine, could occur elsewhere within the mine
stratigraphy. Strongbow′s sonic drill hole RS12-02 tested the Lloyd Zone
and intersected, from surface, 28.96 m grading 0.97 g/t Au,
8.4 g/t Ag, and 1,840 ppm Mo, including 4.57 m grading
3.3 g/t Au, 42.0 g/t Ag and 6,960 ppm Mo (please see
Strongbow news release #12-06 dated July 26th, 2012). Further
drilling is required at depth and along strike to the west to fully test
this zone.
The results from follow up geochemical sampling of the new targets are
currently pending. Additional work, subject to financing, will include
geophysical surveys followed by sonic and diamond drilling to fully
evaluate the potential of this mineralized trend.
Change to Board of Directors
Strongbow also reports that Keith Christofferson has resigned, for
personal reasons, as a director of the Company. Ken Armstrong, President
and CEO of Strongbow stated 'On behalf of the Board of Directors, I′d
like to thank Keith for his service to the Company. I have greatly
appreciated Keith′s advice and guidance during his tenure as a director
since the formation of Strongbow in 2004.?
About the Ridgeway and Midway Projects
The Ridgeway project covers a prospective area of the Carolina Slate
Belt (CSB) located along strike to the east of Rio Tinto′s past
producing Ridgeway gold mine. The Ridgeway mine produced approximately
1.5 million ounces of gold between 1988 and 1998 and is the second
largest known gold deposit in the CSB, second to Romarco Minerals′ Haile
gold mine, located 50 kilometres (30 miles) to the northeast.
Strongbow′s Midway gold project is located adjacent to the Haile mine,
within the 16 kilometre (10 mile) Haile-Brewer gold trend. The Haile
mine is currently at the permitting stage with current measured and
indicated resources reported by Romarco of 4.0 million ounces gold with
additional inferred resources of 0.8 million ounces gold.
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
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
Strongbow Exploration Inc.
Ken Armstrong, 604-668-8355
President
and CEO
info@strongbowexploration.com
Website:
www.strongbowexploration.com
