eResearch's Bob Weir Interviews Michael Newbury, CEO of Strike Minerals (TSXV:STK) - Video Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, March 30, 2012 - eResearch's Bob Weir Interviews
Michael Newbury, CEO of Strike Minerals (TSXV:STK).
InvestmentPitch.com has posted this interview on its website. There is a second
interview by eResearch's Joyce Curry, which discusses Michael Newbury's
extensive background in the mining industry. If these links are not enabled,
please visit www.InvestmentPitch.com and enter "Strike" in the search box.
The company's primary property is the former producing Edwards Gold Mine
property in the Goudreau Lochalsh Gold Camp near Wawa, Ontario. Historic
production in the camp between 1930 and 2001 is estimated at 500,000 ounces of
gold. Between 1996 and 2001 underground development was completed through a
decline to a depth of approximately 290 metres resulting in 145,000 ounces of
gold being mined from the Edwards Property.
Subsequent drilling on the property has delineated an additional five zones that
have significant gold mineralization. Strike has commenced dewatering of the
underground workings in order to provide access to enable underground drilling
and bulk sampling of these new zones. The dewatering will also enable Strike to
evaluate old stopes and high grade mineralization that was not mined when the
mine was closed due to low gold prices in 2001.
Strike also has a large land position in the Hemlo West area near Schreiber,
Ont. The property has a number of historic producers that produced small
tonnages of very high grade gold mineralization, averaging approximately 18-25
grams per tonne gold, between 1935 and 1937 generally associated with shear
zones in the region. These shear systems have seen very little modern
exploration, and drill testing at or near a prominent syenite volcanic contact
is considered highly prospective for the discovery of additional gold
mineralization. Strike will conduct an initial program of surface geological and
alteration mapping on the Property with a goal of increasing the understanding
of the geologic and structural relationships on the Property in preparation for
drill testing to assess the extent and value of the mineralization.
The company announced today that it has completed a private placement of
5,263,629 flow through units at a price of $0.15 per unit and 7,420,000 non
flow-through units at a price of $0.125 per unit for total gross proceeds of
$1,717,044.35. Strike was assisted on the financing by Euro Pacific Canada Inc.
and Foundation Markets Inc.
For a more information on Strike Minerals please visit their website at
www.strikeminerals.com, phone Michael Newbury at 416-487-4637 or email
info(at)strikeminerals.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on research reports and significant
news releases.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 30.03.2012 - 23:16 Uhr
Sprache: Deutsch
News-ID 130659
Anzahl Zeichen: 3919
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Kategorie:
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