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St. Elias Mines Ltd. Grants Options to Dorex Minerals Inc. to Acquire Interest in the Strawberry Flats Gold Project, British Columbia
St. Elias Mines Ltd. Grants Options to Dorex Minerals Inc. to Acquire Interest in the Strawberry ...
About this update from Avventura Resources Ltd.
[{"type":"text","content":"\nSt. Elias Mines Ltd. Grants Options to Dorex Minerals Inc. to Acquire Interest in the Strawberry Flats Gold Project, British Columbia\n\n\n Mar. 8, 2010 (TheNewswire.ca) -- March 8, 2010, VANCOUVER, B.C. - St. Elias Mines Ltd. (TSXV:SLI) (\"St. Elias\") and Dorex Minerals Inc. (OOTC:DOXMF) (\"Dorex\")(collectively, the \"Companies\") are pleased to announce that the Companies have entered into an option agreement (the \"Agreement\") whereby Dorex has agreed to acquire up to an 80% interest, subject to a 1.5% NSR, in the Strawberry Flats Gold Project (the \"Property\") located in south-central British Columbia.Strawberry Flats Gold PropertyThe Property, comprising eight mineral claims covering 2,956.1 hectares (7,390 acres), is located just north (approximately 12 kilometres) of the historic Rossland Gold Camp which produced over 2,700,000 ounces of gold between 1897 and the early 1940's.Historical work on the Property included a small trenching program completed by Cameco in 1989. The program was designed to determine the bedrock source of gold in soil anomalies in an area within the Strawberry Flats Gold Project. Cameco's Trench #5 returned 8 metres of 10.45 g/t Au including 2 metres of 39.16 grams per tonne (\"g/t\") Au from continuous 1 metre long chip samples. Cameco's report indicates that the 7 metre wide WNW trending mineralized structure exposed in Trench #5 is of sufficient grade to warrant follow-up along strike in both directions and at depth.*The geological information and analytical results reported above predate National Instrument 43-101 and are not National Instrument 43-101 compliant. The Companies have not undertaken any independent investigations of the dimensions, quantity or grade of this gold mineralization, and therefore these historical data should not be relied upon.The Property adjoins the Jumping Josephine Project owned by Astral Mining Corp. (OOTC:AAMJF) (TSXV:AA') (TSXV:AA) (\"Astral\") and Kootenay Gold Inc. (OOTC:KOOYF) (TSXV:KTN) Drilling results from Astral on the JJ Main Zone during 2007 have included 10 metres of 9.95 g/t gold and 8 metres of 8.31 g/t gold. In addition, Astral has announced several new geochemical anomalies discovered from their 2009, 4,600 soil sampling program over the Jumping Josephine project. As with Trench #5 at the Strawberry Flats Property, local high-grade concentrat...