TORONTO,
July 4, 2012 /CNW/ - Strata
Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is
pleased to announce that it has filed on SEDAR a National
Instrument 43-101 technical report (the "Report") on the Company's
80% owned Cardabia Phosphate Project located near Exmouth in
Western Australia (the "Cardabia
Project") .
The Report is based on a review of historical
surface geochemical sampling, regionally spaced drilling and
limited costeaning completed on the property during the period from
1989-1990. That work was principally conducted by CRA
Exploration Pty Ltd (a former subsidiary of Rio Tinto Ltd.).
The Report summarizes historical phosphate
exploration activities and supports the initiation of a
$500,000 to $650,000 Phase I work
program.
The recommended Phase 1 work program includes
reprocessing of historical airborne radiometrics and magnetics
flown at 250 and 300 metre line spacing during the period from 1989
to 1991; completion of ground geophysics; 2,500-3,000 metres of
aircore drilling and bulk sampling to facilitate initial
metallurgical test work.
Subject to the success of the Phase 1 program,
the Report recommends that Strata undertake a $2-3 MM Phase 2 work program at the Cardabia
Project consisting of aircore and PQ diamond drilling and assaying,
trenching and bulk sampling and detailed metallurgical test
work.
Peter Kozicz,
President and CEO of Strata, commented, "The filing of the Report
is an important milestone in Strata's exploration program at
Cardabia. We are encouraged by its recommendations as we endeavour
to realize additional value to our shareholders through a
comprehensive investigation of the property and its potential."
The Report was authored by Matthew Wheeler, B.Sc (Hons) MAIG, a Qualified
Person as defined by National Instrument 43-101. Mr. Wheeler has
reviewed the preparation of the scientific and technical
information in this press release.
The Report is available to be viewed on SEDAR
and the Company's website at www.strataminerals.com.
"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, and contained in, the
Report, and the 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.
