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.

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
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
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...
Developers want to create better apps faster. Static clouds are giving way to scalable systems, with dynamic resource allocation and application monitoring. You won't hear that chant from users on any picket line, but helping developers to create better apps faster is the mission of Lee Atchison, principal cloud architect and advocate at New Relic Inc., based in San Francisco. His singular job is to understand and drive the industry in the areas of cloud architecture, microservices, scalability ...