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Strata Minerals Announces Completion of Exploration Drilling Programme at Diamond Mountain
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2014) - Strata Minerals Inc. (TSXV: SM...
About this update from Revival Gold Inc
[{"type":"text","content":"\nStrata Minerals Announces Completion of Exploration Drilling Programme at Diamond MountainVancouver, British Columbia--(Newsfile Corp. - July 28, 2014) - Strata Minerals Inc. (TSXV: SMP) (\"Strata\" or the \"Company\") today announced that it has completed the 2014 exploration drilling programme at the Diamond Mountain Phosphate Project (\"Diamond Mountain\" or \nthe \"Project\") located in Utah. \n\nDrilling operations commenced on June 1, 2014 and were completed July 22, 2014 utilizing one Atlas Copco LF100 track-mounted wireline rig from Major Drilling North America. A total of 2,367 metres of diamond core drilling were completed over 17 \nholes.\n\nDrilling was conducted on five parcels of Strata's State Phosphate Lease 52441, totalling 510 hectares. Phosphate mineralization was encountered at depths ranging from 120 to 286 meters and has been initially interpreted through core \nobservation to be within a mineralized zone ranging between 4.1 and 5.2 metres thick and averaging 4.7 metres. Assay results are pending and may result in the modification of these intervals based on minimum grade criteria.\n\nStrata President and CEO, Jason Bahnsen commented: \"The preliminary drilling results confirm the presence of significant phosphate mineralisation at Diamond Mountain and are an excellent outcome for our Phase I exploration campaign at the \nProject. We look forward to receiving assay results and expect to have an initial NI 43-101 resource report on the Project completed by the end of September 2014.\" \n\nTable 1 shows the depth and thickness of the phosphate mineralisation drill core intersections for the drill holes that Strata has completed. Figure 1 shows the location for each of the drill holes completed along with the historic US Steel drill \nhole locations. \n\nThe target of the 2014 drill campaign was to confirm the historic phosphate resource (53 million short tons at an average grade of 20% P2O5)1 defined by US Steel in the early 1970's, as well as to define additional phosphate \nmineralisation on Strata's State Lease areas.\n\nExploration activities to-date have defined the Diamond Mountain exploration target as running along strike for approximately 3.5 km. Target tonnage of 58 million metric tonnes (Mt) is\ndivided between the State Lease areas on which the drilling occurred (49Mt) and the adjacent Federal E...