Business & Finance
Business and Finance
Business and Finance
Tue, May 10, 2011 JBZ CAPITAL, ON BEHALF OF ITS WHOLLY-OWNED SUBSIDIARY, STRATA MINERALS LIMITED, IS PLEASED TO ANNOUNCE THE MOBILIZATION OF FIEL
VANCOUVER, May 10 /CNW/ - JBZ Capital Inc. (TSXV: JBZ) ("JBZ") is pleased to announce that its wholly-owned subsidiary, Strata Minerals Limited ("Strata"), has mobilized field crews to its Mornington Project which marks the beginning of Strata's 2011 exploration program.
The field crews will carry out detailed geological mapping, stream sediment and outcrop sampling designed to follow up on historic exploration data that identified anomalous levels of soil phosphate within the Mornington tenement.
The objective of this initial field program is to systematically map and sample areas of interest within the Mornington tenement in order to establish a detailed understanding of the various geological units and sedimentary strata that exist within the tenement. Furthermore, sampling of outcrop and stream sediments is designed to identify those geological and sedimentary units that are anomalous for phosphate mineralisation.
This first phase of the field work is expected to take approximately one month to complete with lab results from the sampling expected by late June 2011. If successful, these results will form the basis of a defined a drill program that is expected to follow in September of 2011.
The field crews will sequentially carry out similar programs on the remaining Strata Minerals projects over the coming months and further updates will be released as and when appropriate.
ON BEHALF OF THE BOARD OF DIRECTORS
JBZ CAPITAL INC.
Nigel Gellard
President, CEO and Director
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.
About Strata
Strata is an emerging, Australasia focused, agricultural nutrient company. Based in Perth Australia, Strata is exploring for commercial scale phosphate rock mineralization deposits. Strata also intends to broaden its focus to other agricultural nutrients including potash and lime. Armed with the objectives of becoming a supplier to the global fertilizer industry and generating wealth for its shareholders, Strata is currently advancing five phosphate exploration projects in Western Australia and Queensland.
For further information on Strata Minerals, please refer to the Company website at [ www.strataminerals.com ].
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the JBZ's qualifying transaction. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits JBZ will obtain from them.
