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
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
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...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...