Welcome!

News Feed Item

Strait Samples 4.69% Lead, 36.8 g/t Silver over 28 metres at Tastani

TORONTO, ONTARIO -- (Marketwired) -- 04/29/14 -- Strait Minerals Inc. (TSX VENTURE:SRD) is pleased to report assay results from a program of channel sampling conducted in February, 2014, at the Tastani polymetallic zone on the Company's Alicia property in Peru.

Tastani, which was essentially unexplored until 2012, consists of breccias and mantos mapped over an area of approximately 1,500x1,000 metres. Two lines of channel sampling (which includes country rock cropping out between the mantos and breccias) were completed over total lengths of 180 metres and 150 metres across the apparent northeast-southwest trend.

Highlights include intervals of:

--  17 metres in Channel 1 averaging 4.95% Pb, 43.3g/t Ag, 0.43 % Zn, 0.12%
    Cu and 0.73g/t Au
--  28 metres in Channel 2 averaging 4.69 % Pb, 36.8g/t Ag, 0.39% Zn, 0.09%
    Cu and 0.04g/t Au

Mineralization remains open to the northeast and southwest and appears to be controlled by second order faults related to a regional-scale fault across the northern part of the zone. The mineralization is contained in a combination of mantos (typically 1.0-2.5 metres wide and up to eight metres) and vein breccias (1.0-2.0 metres and up to six metres wide) in variably altered limestone. The density of mantos and breccias varies within the host limestone. In some areas, mantos are spaced less than six metres apart, increasing to ten (or more) metres in places, and often have thin mineralized bands/veins between them. Vein breccias with regular density and stockwork composed of veins in several directions also occur in the area.

"Tastani is a significant discovery," said Strait President Jim Borland. "We need to determine the full extent of the deposit, but the grades we have seen to date are encouraging. Further work is warranted, including drilling to test the depth potential."

Strait's initial work in 2012 consisted of 73 panel samples taken approximately every 100 metres (see news release of Dec. 10, 2012) from mantos and breccias at Tastani (excluding rock between sampled areas). Results included:

--  2.5 metres grading 2.1g/t Au, 169g/t Ag, 16.11% Pb, 12.66% Zn and 0.39%
    Cu
--  1.5 metres grading 1.5g/t Au, 989.0g/t Ag, 18.24% Pb, 0.57% Zn, and
    2.85% Cu
--  2.0 metres grading 2.6g/t Au, 110g/t Ag, 11.75% Pb, 5.37% Zn, and 0.50%
    Cu
--  3.0 metres grading 1.5g/t Au, 93.6g/t Ag, 9.03% Pb, 0.96% Zn and 0.55%
    Cu.

Tastani is in the southeast portion of Strait's 100% owned Alicia property which lies approximately 500 km southeast of Lima.

Results of the 2014 channel sampling at Tastani are presented in the table below:

----------------------------------------------------------------------------
Rock Type            Length      Pb      Ag      Zn      Cu      Au   Pb+Zn 
                         (m)     (%)   (g/t)     (%)     (%)   (g/t)     (%)
----------------------------------------------------------------------------
Manto                    11    1.62     9.5    0.85    0.02    0.13    2.47 
----------------------------------------------------------------------------
Limestone                 5    0.75     5.1    0.65    0.02    0.39     1.4 
----------------------------------------------------------------------------
Vein/Breccia             17    4.95    43.3    0.43    0.12    0.73    5.38 
----------------------------------------------------------------------------
Limestone                28    0.11     2.1    0.08   0.005    0.02    0.19 
----------------------------------------------------------------------------
Limestone                12     0.1     1.2    0.02   0.005    0.02    0.12 
----------------------------------------------------------------------------
Limestone                 4   0.006     0.4    0.02    less    0.03   0.026 
                                                       than                 
                                                      0.005                 
----------------------------------------------------------------------------
Limestone                17    0.74     6.5    1.55    0.03    0.16    2.29 
----------------------------------------------------------------------------
Vein                     28    4.69    36.8    0.39    0.09    0.25    5.08 
 breccia/Limestone                                                          
----------------------------------------------------------------------------
Limestone                 8    0.02       1    0.03   0.009    0.04    0.05 
----------------------------------------------------------------------------
Limestone                11    0.01     0.5    0.02    less    less    0.03 
                                                       than    than         
                                                      0.005    0.01         
----------------------------------------------------------------------------
Limestone                11    0.07     0.4    0.07    less    less    0.14 
                                                       than    than         
                                                      0.005    0.01         
----------------------------------------------------------------------------
Limestone                 3    0.02     0.5    0.01    less    0.01    0.03 
                                                       than                 
                                                      0.005                 
----------------------------------------------------------------------------
Vein                   0.45 greater     159    0.02    1.14    2.24 greater 
                            than 30                                 than 30 
----------------------------------------------------------------------------
Limestone                 3     0.1       1    0.02    0.02    0.04    0.12 
----------------------------------------------------------------------------
Limestone                 4    0.42     2.4    0.05    0.01    0.04    0.47 
----------------------------------------------------------------------------

Quality Control and Quality Assurance

All sampling was supervised by Strait Minerals personnel. Samples are placed in plastic sample bags that are closed with single use plastic ties. Samples are securely stored in a locked room prior to transportation to Cusco by Strait Minerals personnel. Samples are sent to AcmeLabs in Lima for preparation before being couriered to the AcmeLabs facility in Santiago for assay. Acme's Santiago facility is an ISO 9001:2000 registered laboratory. Samples are analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Silver, lead zinc and copper, together with 30 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Samples with values above the upper limit for the ICP-AES technique were re-assayed by atomic absorption (AA). Strait Minerals routinely carries out a program of quality assurance/quality control (QA/QC) that includes insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination

All of the Company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101 and is a director of the Company. Dr. Moss has reviewed and approved the technical content of this news release.

About Strait Minerals Inc.

Strait Minerals Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange. It holds a 100% interest in the Alicia copper-gold property, the Letra Rumi South base metals property and the Culebrilla precious metals property and holds an option to earn a 100% interest in the Caribe copper-molybdenum property, all of which are in Peru. For more information, visit our web site at www.straitminerals.com.

Forward Looking Statement: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Strait undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on such forward-looking statements.

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.

Contacts:
Strait Minerals Inc.
Jim Borland
President
416-272-7387
[email protected]
www.straitminerals.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...