Vancouver A drill program operated by Strongbow Exploration (SBW-V) will test the high-grade JJ showing on the Skoonka Creek property owned by Almaden Minerals (AMM-T). The gold-silver project is situated 25 km northeast of Lytton, in southwestern B.C.
Strongbow can earn an initial 51% interest in the project (formerly known as Sam) by issuing 600,000 shares to Almaden and spending $2 million on exploration by the end of 2008. This can be increased to 60% by spending another $2 million on exploration and issuing 400,000 additional shares over a 2-year period.
Strongbow’s 11-hole, 1,500-metre drill program will focus on the JJ showing, which consists of two closely spaced, epithermal veins separated by about 0.5 metre of altered volcanic wall rocks.
A 2004 trenching program identified a mineralized zone grading 22.8 grams gold per tonne over an estimated true width of 2 metres. A subsequent work program that included three new trenches to bracket the 2004 trench revealed an exposed strike length of 21 metres. Of 29 bulk-channel samples collected from the four trenches, all but one were anomalous, including 20 grading more than 1 gram and 10 grading more than 12 grams.
Additional trenching by Strongbow 25 metres further along strike of the main showing exposed a series of narrow quartz veins within a 1.5-metre wide mineralized zone, thereby extending the strike length of the JJ showing about 60 metres. Results from 19 bulk-channel samples returned values ranging from 0.3 gram gold to 8.6 grams gold, with eight samples returning values higher than 1 gram.
The Skoonka project also covers numerous gold-in-soil anomalies that are yet to be tested.
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