Strata Minerals Announces Filing of NI 43-101 Report for Diamond Mountain Phosphate Mineral Resource Estimate
October 15, 2014 (Source: Accesswire) — Strata Minerals Inc. (TSXV: SMP) (“Strata” or the “Company”) is pleased to announce that it has filed a technical report (the “Report”) prepared for the Diamond Mountain Phosphate Project (“Diamond Mountain” or the “Project”) in accordance with Canadian Securities Administrators’ National Instrument 43-101. The Report may be found under the Company’s profile at www.sedar.com.
The independent report, dated October 14, 2014 (effective September 11, 2014), entitled “Technical Report, Diamond Mountain Phosphate Project, Uintah County, Utah” was authored by Lawrence D. Henchel, P.Geo., PG, Vice President Geological Services with Norwest Corporation, and provides detail to the disclosure contained in the Company’s press release dated September 11, 2014.
Highlights of the Diamond Mountain phosphate resource include:
- Overall Measured & Indicated resources of 33.9 million tonnes with an average grade of 19.75% P2O5 and average ore thickness of 4.46 metres.
- Overall Inferred resources of 27.1 million tonnes with an average grade of 19.72% P2O5 and average ore thickness of 4.41 metres.
- The resource lies at depths below surface ranging from approximately 90 metres to 350 metres with an average dip from north to south of 8 degrees.
Lawrence D. Henchel P.Geo., PG, Vice President Geological Services with Norwest Corporation, in accordance with NI 43-101, is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly. Mr. Henchel is an independent consultant contracted by the Company.
About Strata Minerals Inc.
Strata Minerals Inc. is an emerging, phosphate focused, agricultural nutrient company exploring for commercial-scale phosphate rock mineralization deposits. Armed with the objectives of becoming a supplier to the US and global fertilizer industry and generating wealth for its shareholders, Strata is currently advancing its phosphate exploration projects in Utah, USA and in Western Australia, Australia. 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. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained on SEDAR at www.sedar.com.
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Special Note Regarding Forward Looking Statements
This new release includes “forward-looking information” and “forward-looking statements” under applicable Canadian securities laws. These statements reflect current beliefs of management of the Company and are based on information currently available which may prove to be incorrect. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Strata to be materially different from those expressed or implied by such forward-looking information, including risks associated with the future business and development of the company. Accordingly, readers should not place undue reliance on forward-looking information. Strata does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.
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