Strongbow Exploration Inc.

Strongbow Exploration Inc.

November 09, 2006 09:51 ET

Strongbow Announces Acquisition of the Silvertip Project, Nunavut

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - Strongbow Exploration Inc. (TSX VENTURE:SBW) is pleased to announce the acquisition of a new precious and base metal project in northern Canada. The Silvertip project area is located in Nunavut, border approximately 110 km east of the Diavik diamond mine, NWT. The 18,000 acre property covers two silver/gold showings as well as over 15 km of prospective volcanic stratigraphy.

Silvertip Project highlights:

- The Silvertip project area covers approximately 15 km of prospective stratigraphy along the western flank of the Back River Intrusive Complex (BRIC), including two Ag-Au showings;

- The Pale Ag-Au-Zn-Pb showing is interpreted to represent an occurrence of Archean epithermal mineralization where past drilling has returned highlight intercepts of 12.8 m grading 27.5 oz/ton Ag, 0.06 oz/ton Au, 0.87% Pb and 2.17% Zn, and 7.5 m grading 13.09 oz/ton Ag, 0.092 oz/ton Au, 0.82% Pb, and 1.52% Zn;

- Nineteen confirmation surface grab samples collected from the Pale showing by Strongbow in 2006 have averaged 1,085 g/t Ag (three highest values: 6,162 g/t, 3,609 g/t, and 2,821 g/t Ag) and 3.22 g/t Au (three highest values: 15.7 g/t, 6.2 g/t and 5.9 g/t Au);

- The Pale showing remains open along strike and to depth with strong indications that mineralization defines a shallow northwesterly plunge not tested by previous drilling;

- Precious metal mineralization at the Minou showing has been confirmed by Strongbow with 7 of 12 grab samples returning from 1.8 to 14.6 g/t Au (3 best values of 11.0, 11.8 and 14.6 g/t Au). The samples also returned elevated silver (8.8 to 71.8 g/t), zinc (less than 0.1 to 1.52%) and lead (less than 0.1 to 1.85%) values.

As part of an ongoing review of exploration opportunities in northern Canada, Strongbow conducted an evaluation of the BRIC during the 2006 summer field season. The Company was attracted to the area in part by significant polymetallic concentrations reported by Cominco in the 1970's. The 2006 program has confirmed the tenor of previously reported mineralization at the Pale and Minou showings, and indicates significant remaining potential to expand currently known mineralized horizons and identify new target areas.

Pale Showing

Mineralization at the Pale showing consists of quartz veining and locally significant sulphide mineralization, hosted within a thick northwest striking sequence of variably silicified and carbonate altered felsic volcanic rocks. During 1977 and 1978, Cominco tested the showing with thirteen drill holes (2,541 m). Twelve of the holes intersected significant polymetallic mineralization over a strike length of approximately 300 m and to a depth of 200 m. In particular, the drilling defines a northwest plunging zone of highlight assay values including:

Drill Interval Silver Silver Gold Gold Lead Zinc
Hole (m) (oz/ton) (g/tonne) (oz/ton) (g/tonne) (%) (%)
P-1 72.50 3.97 136 Trace - - 0.35
Incl. 7.50 13.09 449 0.092 3.2 0.82 1.52
And 8.70 10.21 350 Trace - 0.25 0.71
P-7 60.10 1.17 40 0.095 3.3 1.04 3.05
Incl. 6.78 4.25 146 0.151 5.2 3.90 11.64
P-8 39.15 2.39 82 0.025 0.9 0.55 1.19
P-9 12.90 27.50 943 0.064 2.2 0.87 2.17
P-10 44.83 3.33 114 Trace - 0.29 0.89
P-12 8.04 7.14 245 Trace - - 0.37

Surface sampling completed by Strongbow has confirmed the tenor of mineralization at the Pale showing, with eleven of nineteen grab samples returning high grade precious and base metal values ranging from 1.98 to 15.7 g/t Au, 380 to 6,162 g/t Ag, 0.55 to 5.5% Pb and 1.18 to 18.0% Zn. Limited bedrock mapping has determined that the showing lies within a structurally complex, mineralized and altered northwest trending corridor. A shallow, northwest plunging mineral lineation has been mapped throughout the area and supports the interpretation of a higher grade, northwest plunging mineralized zone. Past drilling did not test the depth extent of this mineralized zone and this represents a priority exploration target.

Minou Showings

The Minou precious metal showings are located approximately 2.5 km southeast of the Pale showings and consist of altered felsic pyroclastic rocks. The area was mapped by Cominco in the mid 1970's and again in the mid 1980's with grab samples returning from background levels up to 17.8 g/t Au, 76 g/t Ag, 3.1% Pb and 24.7% Zn. Seven of twelve prospecting grab samples collected by Strongbow geologists returned from 1.86 g/t to 14.6 g/t Au and 8.8 g/t to 71.8 g/t Ag, as well as anomalous values of lead and zinc. The showings have been identified over a 500 m by 100 m area and are typically associated with narrow ( less than 0.5 m) alteration zones in outcrop, and as discontinuous frost heaved slabs in areas of more extensive overburden.

Strongbow continues to compile past exploration work for the Silvertip project area. Planning is underway for a 2007 exploration program consisting of further mapping and geophysical surveys in advance of an exploration drilling program.

Strongbow maintains a 100% interest in six recently staked mineral claims (15,495 acres) in the Silvertip project area, including the Minou showing. The claims have been recorded and are awaiting final approval of the Nunavut Mining Recorder. A portion of these claims are subject to a 1% net smelter returns royalty (NSR) that can be purchased by Strongbow at any time for $1 million. Strongbow further maintains the right to earn a 100% interest in a seventh mineral claim (2,582.5 acres) that covers the Pale showing (the "Pale" claim). Strongbow may earn its interest in the Pale claim by making staged cash payments totalling $80,000 over 4 years and incurring an aggregate of $317,500 in exploration expenditures over a 4 year period. Once Strongbow hast earned its interest in the Pale claim, the claim will be subject to a 2% NSR, of which one half (1%) may be purchased at any time for $1 million.

About Strongbow Exploration Inc.

Strongbow Exploration Inc. is a Canadian exploration company engaged in the search for economic mineral deposits in Canada. With an interest in mineral properties that are prospective for gold, base metals, diamonds and uranium, the Company's goal is to provide investors with leveraged exposure to Canada's highest profile exploration plays. Eight of Strongbow's exploration properties are subject to option or joint venture arrangements with third party companies funding all or a portion of exploration costs.

Strongbow maintains exposure to over ten exploration projects, with a focus on the Skoonka Creek and Spences Bridge gold properties in southern British Columbia. A drilling program is currently underway on the Company's 51% owned Skoonka Creek gold project in October, 2006. For further information visit

Strongbow's 2006 exploration programs are conducted under the supervision of David Gale, P.Geo.(BC), Vice-President of Exploration for Strongbow and a qualified person under NI 43-101.


Kenneth A. Armstrong, President and CEO

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