Mining’s old guard needs strong medicine
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TORONTO, ONTARIO–(Marketwire – Feb. 9, 2012) – Strike Minerals Inc. (“Strike”) (TSX VENTURE:STK) announces that the company has commenced an underground development plan to test drill delineated gold mineralized zones on both the 60m and 90m levels of the Company’s Edwards Mine, 50 km NE of Wawa, Ontario.
The dewatering is now at 120m and underground development work to extend existing workings for 65m on the 60m level and 260 m on the 90m level is commencing. This development is planned to intersect a number of the gold mineralized zones (Edwards #1, #2, #3, Rusty Weathered and Plowman #1) and allow for bulk sampling.
The 60 metre and 90 metre levels are now de-watered, and with the installation of the air and water lines, Strike anticipates drifting onto the historical Edwards #1, #2, #3, Rusty Weathered and Plowman #1 zones in the near future. The drifting is planned to cut these zones where historical diamond drill holes have indicated high grade gold values between surface and the 100 metre level.
The following summarizes the historical intersections on the Edwards #1 zone in the area where the proposed 60m and 90m drifting is expected to intersect the mineralized zone.
