Strongbow Identifies High Priority Drill Targets at the Ridgeway Gold Project, South Carolina
September 27 2012 - 9:00AM
Business Wire
Strongbow Exploration Inc. (SBW:TSXV) is pleased to report that
recently completed soil geochemical and bedrock mapping surveys at
the Company's Ridgeway gold project, South Carolina have identified
new high priority targets located directly along strike from the
past producing Ridgeway gold mine.
A total of 167 geochemical and prospecting samples were
collected and two new target areas have been identified. A
gold-in-soil anomaly measuring 700 metres by 400 metres has been
identified approximately 350 metres east of the Ridgeway gold
mine's North Pit, which hosted approximately half of the 1.5
million ounces of gold mined from the site in the 1990’s. A second,
larger gold-in-soil anomaly covers a 600 metre by 1,000 metre area
centred approximately 1,400 metres to the east of the North Pit.
The southern portion of this larger soil anomaly is cored by two
soil samples that returned values exceeding 400 ppb Au and
separated by 200 metres. In addition to gold, both of the new
target areas are further defined by coincident anomalies of
arsenic, molybdenum and tellurium, which are key pathfinder
elements at the Ridgeway mine. The new targets cover a portion of
the along strike extension of the host stratigraphic sequence to
mineralization at the North Pit and are located on properties that
were not subject to drilling during exploration and development of
the Ridgeway mine.
These new, high priority targets help to further define a
prospective corridor of quartz-sericite alteration that extends
eastwards from the Ridgeway mine. Surface exploration work and
drilling conducted by Strongbow in May 2012 on a property five
kilometres east of the North Pit encountered hydrothermal
alteration with associated, locally anomalous, gold and molybdenum
values within mafic to felsic volcanic rocks. Sonic drill hole
RS12-06 returned values from background up to 157 ppb Au, and is
situated within a 700 metre by 400 metre gold, molybdenum and
arsenic soil geochemical anomaly, in an area where strongly
sericite altered felsic volcanic rocks and siliceous exhalites have
been mapped at surface (please see Strongbow news release #12-06
dated July 26th, 2012).
The Company’s Lloyd Zone prospect, situated 3.2 km east of the
Ridgeway mine, provides key evidence that satellite hydrothermal
systems, similar to the Ridgeway mine, could occur elsewhere within
the mine stratigraphy. Strongbow’s sonic drill hole RS12-02 tested
the Lloyd Zone and intersected, from surface, 28.96 m
grading 0.97 g/t Au, 8.4 g/t Ag, and 1,840 ppm Mo,
including 4.57 m grading 3.3 g/t Au, 42.0 g/t Ag and
6,960 ppm Mo (please see Strongbow news release #12-06 dated
July 26th, 2012). Further drilling is required at depth and along
strike to the west to fully test this zone.
The results from follow up geochemical sampling of the new
targets are currently pending. Additional work, subject to
financing, will include geophysical surveys followed by sonic and
diamond drilling to fully evaluate the potential of this
mineralized trend.
Change to Board of Directors
Strongbow also reports that Keith Christofferson has resigned,
for personal reasons, as a director of the Company. Ken Armstrong,
President and CEO of Strongbow stated “On behalf of the Board of
Directors, I’d like to thank Keith for his service to the Company.
I have greatly appreciated Keith’s advice and guidance during his
tenure as a director since the formation of Strongbow in 2004.”
About the Ridgeway and Midway Projects
The Ridgeway project covers a prospective area of the Carolina
Slate Belt (CSB) located along strike to the east of Rio Tinto’s
past producing Ridgeway gold mine. The Ridgeway mine produced
approximately 1.5 million ounces of gold between 1988 and 1998 and
is the second largest known gold deposit in the CSB, second to
Romarco Minerals’ Haile gold mine, located 50 kilometres (30 miles)
to the northeast. Strongbow’s Midway gold project is located
adjacent to the Haile mine, within the 16 kilometre (10 mile)
Haile-Brewer gold trend. The Haile mine is currently at the
permitting stage with current measured and indicated resources
reported by Romarco of 4.0 million ounces gold with additional
inferred resources of 0.8 million ounces gold.
Strongbow’s 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.
/s/“Kenneth A. Armstrong”Kenneth A. ArmstrongPresident and
CEO
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
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