eResearch's Bob Weir Interviews Michael Newbury, CEO of Strike Minerals (TSXV:STK) - Video Posted on www.InvestmentPitch.com
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 [email protected].
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