Strata Minerals Inc. commences Phase 1 drill operations on Cardabia Phosphate Project
TORONTO, Sept. 5, 2012 /CNW/ – Strata Minerals Inc. (TSX-V: SMP) (“Strata” or the “Company”) is pleased to announce the completion of permitting and commencement of
its planned 2,500-3,000 metre Phase 1 drill program on the Company’s
80% owned Cardabia Phosphate Project (the “Cardabia Project”) located
near Exmouth in Western Australia.
The Phase 1 drilling will be comprised of 30-40 shallow drill holes. The
program will focus on verifying historical drill results completed by
CRA Exploration (now Rio Tinto) in 1990, which confirmed a phosphate
bearing horizon with a strike length of 21 km between South Paddock Dam
and Karleedra Dam on the property. Additionally, the program will test
for shallow (0-50 metres) occurrences of phosphate mineralisation
laterally and vertically along that horizon, the potential for a
northern extension of the horizon north of South Paddock Dam, and will
also test the northeast trending gravity high east of the horizon in an
area with no previous phosphate exploration.
The Phase I drilling program is supported by the favourable conclusions
of the Company’s recently filed National Instrument 43-101 report
authored by Matthew Wheeler, B.Sc (Hons) MAIG. The program is being
managed by Mr. Wheeler and consulting geologist Lisa Wells, who oversaw
the exploration and scoping study of the Highland Plains Phosphate
deposit in Australia.
The Company mobilized one drill rig on the property on August 27, 2012
and expects to complete the drilling program and announce Phase 1
results in the fourth quarter of 2012. MLM Drilling has been employed
to conduct the Phase 1 program at Cardabia.
Peter Kozicz, President and CEO of Strata, commented, “We are pleased to
be through permitting and to have commenced exploration at Cardabia
Project. The Company is hopeful that the Phase 1 drilling program will
adequately test and confirm the potential for the property to host
significant phosphate mineralisation as suggested by historical
drilling and Strata’s recent NI 43-101 report.”
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging, Australasia focused, agricultural
nutrient company exploring for commercial scale phosphate rock
mineralization deposits. Armed with the objectives of becoming a
supplier to the global fertilizer industry and generating wealth for
its shareholders, Strata is currently advancing its phosphate
exploration projects in Western Australia and Queensland and intends to
broaden its focus to other agricultural nutrients including potash and
lime. All references to the Company in this release include the
Company’s wholly owned Australian subsidiary, Strata Minerals Pty Ltd.
For further information, please refer to the Company’s website at www.strataminerals.com.
Special Note Regarding Forward-Looking Statements
Certain statements included herein constitute forward-looking
statements. The words “expect”, “intend”, “anticipate”, “propose” and
“may” and similar expressions identify forward-looking statements.
Forward-looking statements include, among other things, statements
regarding the exploration, development and operation of Strata’s
mineral properties. Forward-looking statements are necessarily based
upon a number of estimates and assumptions. While such estimates and
assumptions are considered reasonable by the management teams of
Strata, they are inherently subject to significant business, economic,
competitive and regulatory uncertainties and risks and accordingly may
not occur as described herein or at all. Investors are cautioned that
forward-looking statements are not guarantees of future performance or
events and, accordingly are cautioned not to put undue reliance on
forward-looking statements due to the inherent uncertainty of such
Neither the 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 news
SOURCE Strata Minerals Inc.