Strata Minerals Inc. relinquishes Mornington tenement
February 16 2012 - 12:01AM
PR Newswire (Canada)
TORONTO, Feb. 16, 2012 /CNW/ - Strata Minerals Inc. ("Strata" or
the "Company") announces that it has relinquished the Mornington
tenement. This decision was based on the results of the 2011
fieldwork undertaken on the property and the need to re-prioritize
the Company's projects following the acquisition of the Cardabia
Project announced on February 7, 2012. In addition to the Cardabia
Project, Strata continues to hold a portfolio of four prospective
phosphate projects comprised of Collison and Savory Basin in
Western Australia and Tickalara North and South in
Queensland. Strata is currently developing field programs for
its properties for the upcoming 2012 exploration season. "Nigel
Gellard"
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. 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 Transaction, the
operation and development of Strata's mineral properties.
Forward-looking statements are necessarily based upon a number of
estimates and assumption. 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. Strata Minerals
Limited CONTACT: NigelGellard, President & CEO Tel: +61 4 0793
8630Email: n.gellard@strataminerals.comPeter Kozicz, EVP & CFO
Tel: 1 905 815-9103Email: p.kozicz@strataminerals.com
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