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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Strongbow Exploration Inc | TSXV:SBW | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | 0.085 | 0.09 | 0 | 01:00:00 |
Strongbow Exploration Inc. (TSX VENTURE:SBW) has received final assay results for all drill holes testing exploration targets outside of the Main Zone at the Company's wholly owned Nickel King project, Northwest Territories. The highlight of this drilling has been the expansion of nickel sulphide mineralization discovered by Strongbow in 2007 at the Koona and South Ring prospects. Final assays are pending for 14 remaining drill holes testing the Main Zone and these results will be reported when received and compiled. The Koona prospect, located one kilometre east of the Main Zone, has been defined by airborne and ground geophysical surveys as a 900 m long north northwest trending target. It was tested by a single drill hole (NK07-13) in 2007, encountering a 26 m thick norite sill with a 0.48 m section grading 1.23% Ni from 26.60 m down hole. Three additional holes were completed in 2008. Each of the holes was drilled at an azimuth of 234 degrees and an angle of -85 degrees and have returned the following highlight results: - NK08-49 tested 17 m southwest of NK07-13 and returned 1.14 m grading 1.74% Ni, 0.31% Cu and 0.066% Co starting at 31.16 m down hole; - NK08-50 tested 100 m along strike to the southeast of NK08-49 and returned 4.35 m grading 1.02% Ni, 0.24% Cu and 0.039% Co including 1.39 m grading 1.53% Ni, 0.35% Cu and 0.059% Co starting at 41.05 m down hole; - NK08-53 tested 300 m along strike to the northwest of NK08-49 and returned 4.73 m grading 0.83% Ni including 1.84 m grading 1.89% Ni, 0.37% Cu and 0.059% Co starting at 25.89 m down hole; Koona mineralization consists of disseminated to stringer to local semi-massive sulphide minerals hosted within an interpreted southeast dipping 20 to 40 m thick norite sill and has been traced by drilling over a minimum strike length of 400 m. Pyrrhotite is the predominant sulphide mineral with minor pentlandite and chalcopyrite. The host norite is of very similar composition to the norite hosting mineralization in the Main Zone and may represent the near surface expression of the Lower Sill of the Main Zone. Initial sulphur analyses are incomplete but suggest an approximate sulphide metal content of 5.0 to 5.4% Ni in 100% sulphides. The South Ring target, located three kilometres south of the Main Zone, was tested by two drill holes in 2008. This drilling was intended to follow up the results from drill hole NK07-16 which collared in a mineralized norite, returning 21.16 m grading 0.46% Ni. Drill holes NK08-46 and NK08-48 tested the South Ring zone approximately 20 m west of and 100 m southwest of NK07-16, respectively. Both holes were drilled at an azimuth of 312 degrees and an angle of -85 degrees and encountered significant nickel sulphide mineralization highlighted as follows: - NK08-46 collared in a weak mineralized zone returning 8.04 m grading 0.15% Ni followed by a more significant 22.43 m zone grading 0.39% Ni, 0.28% Cu and 0.020% Co starting from 24.0 m down hole including 6.0 m grading 0.77% Ni, 0.59% Cu and 0.037% Co from 36.5 m down hole; - NK08-48 encountered an upper mineralized zone grading 0.45% Ni and 0.28% Cu over 20.58 m starting at 9.5 m down hole including 2.08 m grading 1.06% Ni, 0.64% Cu and 0.055% Co from 28.0 m down hole. A second mineralized zone starting at 51.51 m returned 0.22% Ni over 29.99 m including 2.57 m grading 0.64% Ni, 0.58% Cu and 0.031% Co starting at 78.32 m. The South Ring prospect has now been tested over a 100 m strike length and represents a significant near surface mineralized zone. Mineralization consists of disseminated to stringer type sulphide (pyrrhotite, chalcopyrite, and pentlandite) minerals within a north dipping 22 to 80 m thick norite sill. Each mineralized zone is characterized by strengthening grades towards the base of the interval. Additional drilling is required to fully define the extent of the mineralized system. Initial sulphur analyses are incomplete, however initial results suggest an approximate sulphide metal content of 4.7 to 6.0% Ni in 100% sulphides. Beyond the Koona and South Ring areas, an additional seven drill holes tested various exploration targets within 5 km of the Main Zone. All holes encountered mafic intrusive rocks containing local zones of weak to moderate sulphide mineralization. The most significant mineralized zones were returned from two holes testing the Channel target, located approximately 4 km west of the Main Zone. Holes NK08-44 and NK08-59 were collared 30 m apart and drilled along an azimuth of 155 degrees at an angle of -85 degrees and tested a discrete coincident airborne magnetic and electromagnetic anomaly. Both holes collared in mineralized gabbroic rock, returning 8.66 m grading 0.27% Ni and 0.037% Co (NK08-44) and 2.49 m grading 0.33% Ni and 0.049% Co (NK08-59). Initial sulphur analyses suggest a more modest sulphide metal content of approximately 1.7% to 2.0% Ni in 100% sulphides for the Channel target. Current exploration of the Nickel King project is part of Strongbow's ongoing evaluation of the nickel-copper-PGE potential of the Snowbird Tectonic Zone (SBTZ). The SBTZ is a major crustal scale structure and represents an underexplored region of Canada that is prospective for magmatic sulphide nickel deposits. Strongbow maintains a 100% interest in approximately 900,000 acres of mineral claims and permits along a 240 km strike length of the southern SBTZ. Strongbow's 2008 exploration programs are conducted under the supervision of David Gale, P.Geo. (BC), Vice-President of Exploration for Strongbow and a Qualified Person within the meaning of National Instrument 43-101. All samples from the 2008 drilling program are split with one half of the core submitted to Acme Analytical Laboratories of Vancouver, BC for analysis. Each sample is weighed, dried and crushed to better than 70% passing a 2 mm screen. A split of up to 250g is taken and pulverized to better than 95% passing a 100 micron (150 mesh) screen. The prepared sample is subjected to an aqua regia digestion and the resulting solution is analyzed by inductively coupled plasma - mass spectrometry (ICP-MS). Samples that return nickel results greater than 5,000 ppm are automatically re-analyzed using a larger sample size and laboratory inserted ore grade standards to provide optimum precision and accuracy. Strongbow conducts an internal quality assurance/quality control program, with the regular insertion of standard, blank and field duplicate samples into the sample stream. Sulphide metal contents have been calculated by dividing the Ni and Cu analyses by the mass fraction of sulphur. The mass fraction of sulphur is determined as the S% analysis divided by the assumed total sulphur content of a rock containing 100% pure massive sulphides (estimated as 36.5% S in 100% massive pyrrhotite). STRONGBOW EXPLORATION INC. Kenneth A. Armstrong, President and CEO
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