TORONTO,
Sept. 5, 2012 /CNW/ - Strata
Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is
pleased to announce the completion of permitting and commencement
of its planned 2,500-3,000 metre Phase 1 drill program on the
Company's 80% owned Cardabia Phosphate Project (the "Cardabia
Project") located near Exmouth in Western
Australia.
The Phase 1 drilling will be comprised of 30-40
shallow drill holes. The program will focus on verifying historical
drill results completed by CRA Exploration (now Rio Tinto) in 1990,
which confirmed a phosphate bearing horizon with a strike length of
21 km between South Paddock Dam and Karleedra Dam on the
property. Additionally, the program will test for shallow
(0-50 metres) occurrences of phosphate mineralisation laterally and
vertically along that horizon, the potential for a northern
extension of the horizon north of South Paddock Dam, and will also
test the northeast trending gravity high east of the horizon in an
area with no previous phosphate exploration.
The Phase I drilling program is supported by the
favourable conclusions of the Company's recently filed National
Instrument 43-101 report authored by Matthew Wheeler, B.Sc (Hons) MAIG. The
program is being managed by Mr. Wheeler and consulting geologist
Lisa Wells, who oversaw the
exploration and scoping study of the Highland Plains Phosphate
deposit in Australia.
The Company mobilized one drill rig on the
property on August 27, 2012 and
expects to complete the drilling program and announce Phase 1
results in the fourth quarter of 2012. MLM Drilling has been
employed to conduct the Phase 1 program at Cardabia.
Peter Kozicz,
President and CEO of Strata, commented, "We are pleased to be
through permitting and to have commenced exploration at Cardabia
Project. The Company is hopeful that the Phase 1 drilling program
will adequately test and confirm the potential for the property to
host significant phosphate mineralisation as suggested by
historical drilling and Strata's recent NI 43-101 report."
"Peter Kozicz"
President, CEO
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging, Australasia focused,
agricultural nutrient company exploring for commercial scale
phosphate rock mineralization deposits. Armed with the
objectives of becoming a supplier to the global fertilizer industry
and generating wealth for its shareholders, Strata is currently
advancing its phosphate exploration projects in Western Australia and Queensland and intends to broaden its focus to
other agricultural nutrients including potash and lime. All
references to the Company in this release include the Company's
wholly owned Australian subsidiary, Strata Minerals Pty Ltd.
For further information, please refer to the Company's website at
www.strataminerals.com.
Special Note Regarding Forward-Looking
Statements
Certain statements included herein constitute
forward-looking statements. The words "expect", "intend",
"anticipate", "propose" and "may" and similar expressions identify
forward-looking statements. Forward-looking statements include,
among other things, statements regarding the exploration,
development and operation of Strata's mineral properties.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions. While such estimates and assumptions are
considered reasonable by the management teams of Strata, they are
inherently subject to significant business, economic, competitive
and regulatory uncertainties and risks and accordingly may not
occur as described herein or at all. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Strata Minerals Inc.