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Strait samples 15% zinc over 2.0 metres, 989 g/t silver over 1.5 metres on new polymetallic zone at Alicia
TSX-V: SRD TORONTO, Dec. 10, 2012 /CNW Telbec/ - Strait Minerals Inc. (TSXV: SRD) is ...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"\n\n\n\n\n\nTSX-V: SRD\n\n\nTORONTO, Dec. 10, 2012 /CNW Telbec/ - Strait Minerals Inc. (TSXV: SRD)\n is pleased to report results of recent chip sampling from a previously\n unexplored area of its Alicia property in Peru. Highlights include\n 15.12% zinc, 989 grams per tonne (g/t) silver, greater than 30% lead,\n 3.27 g/t gold and 5.8% copper (see table below).\n\n\nThe sampling program was conducted in the vicinity of old workings in\n the southeast quadrant of the 26-sq.-km property. High-grade\n polymetallic veins were noted in this area by the Company in a NI\n 43-101 technical report dated October 17, 2009, but no further work was\n conducted here by the Company until now. The results indicate\n significant values of gold, silver, lead, zinc and copper associated\n with breccias and mantos in altered limestone over an area of\n approximately 1,500 by 1,000 metres.\n\n\n\"This polymetallic mineralization appears to be quite significant in its\n own right, but it is also consistent with the geological model of the\n central intrusive complex at Alicia, a porphyry copper-gold system\n about 1.5 km to the north, where we have focused our efforts to date,\"\n said Strait Minerals President Jim Borland. \"We are in an area of Peru\n where some very large mineral deposits have been outlined and this\n newly identified zone is encouraging.\"\n\n\nA total of 73 chip samples from mantos and breccias were taken over\n widths of 0.5-6.0 metres. Quartz diorite porphyry dikes and sills that\n appear to be related to the mineralization were also sampled. Assay\n results show high values of lead (<0.01 to >30%), zinc (0.01 to 15.12%)\n and silver (0.3 to 989 grams per tonne) as well as significant values\n of gold (<0.1 to 3.27 grams per tonne) and copper (<0.01 to 5.8%).\n\n\nMantos are typically 1.0-2.5 metres wide, but can reach up to eight\n metres in width. Breccias are generally 1-2 metres wide but can reach\n up to six metres. Mantos are typically spaced 6-10 metres apart, with\n thinner bands in between. Both mantos and breccias are composed of\n granular silica, chalcedony and jasper with realgar and well\n crystallized barite in places.\n\n\nThe mineralization trends northeast-southwest and remains open in both\n directions.\n\n\nThe Company has been conducting a sampling program over the entire\n Alicia concession as...