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Strata Minerals Inc. Announces Conclusion Of Phase 1 At Cardabia

Stocks in this article: SMP

TORONTO, July 15, 2013 (GLOBE NEWSWIRE) -- Strata Minerals Inc. (TSX-V:SMP) ("Strata" or the "Company") is pleased to announce final results and conclusions from the Company's Phase 1 exploration program at its 80% owned Cardabia Phosphate Project ("Cardabia") located near Exmouth in Western Australia.

Key Findings

Strata's key findings from the Phase 1 program of exploration drilling and preliminary metallurgical test work at Cardabia are summarized as follows:

  • Drill hole results consistently demonstrate the presence of a shallow sedimentary unit hosting P 2O 5 within mineralized zones totaling approximately 0.5 - 2.0 meters in thickness, with an average thickness of 1.0 meters;  
  • The unit is observed to reach its easterly extent and outcrop along a northeast-southwest trend of some 21 km in the southeastern section of the Cardabia tenements, and dips gently to the north-west;  
  • In head grade samples with sufficient mass to the +1mm fraction, the coarse material averaged 19.9% P 2O 5 with a starting head grade average of 1.8%;  
  • The phosphate mineral is concentrated in the form of apatite and does not appear to be entrained with waste minerals; and,  
  • Combined Fe 2O 3 and Al 2O 3 assay results in samples analyzed were high, but are potentially manageable in a conventional flotation process. Testing indicated that U 3O 8 concentrates in the coarse fractions; however, on average, the levels are well below currently accepted limits.

Notwithstanding some of the findings above and the favorable logistical advantages of Cardabia, a preliminary assessment of the potential economics of any future mining operation on the property indicates that Strata should pursue potentially higher grade, thicker and generally shallower mineralization. The material outlined in holes drilled by Strata to date in the south-east quadrant of the 2,230 sq km Cardabia property are not considered of sufficient quality to warrant being advanced to a resource.

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