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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) is pleased to announce the start of an exploration program on its wholly owned Shovelnose gold property in southwestern British Columbia. The property is located near the southern end of the Spences Bridge gold belt, approximately 175 km east of Vancouver and 30 km south of Merritt along the Coquihalla Highway. Exploration work will include detailed ground magnetic and soil geochemical surveys, as well as bedrock mapping. The geochemical survey will include the use of a power auger to test overburden covered areas proximal to the Mik and Line 6 gold showings. Previous exploration of the Mik and Line 6 areas has identified a series of massive to colloform banded quartz veins and local vein breccia zones hosted within moderately to strongly altered felsic volcanic rocks. Priority targets to be evaluated at the Line 6 showing include areas along strike to the north and south of several quartz veins identified in trench L6-XT-04 which previously returned 5.1 g/t Au over 6.0 m. The highest priority target at the Mik showing is an overburden filled, north trending lineament located adjacent and sub-parallel to a series of quartz veins that have been traced over a 50 m strike length. The veins typically range from one to 20 cm thick and have consistently returned elevated gold values ranging from 2.9 g/t to 66.4 g/t with three highest assays of 22.1 g/t, 46.2 g/t and 66.4 g/t. Further exploration work is also planned for the Anomaly B area located 550 m to the south of the Mik showing where a high grade prospecting float sample (119 g/t Au and 271 g/t Ag) was discovered coincident with a secondary soil geochemical anomaly. 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. Kenneth A. Armstrong, President and CEO
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