Strategic Resources Provides Activity Update
20 November 2010 - 1:35AM
PR Newswire (Canada)
REGINA, SK, Nov. 19 /CNW/ -- TSX.V: UVR REGINA, SK, Nov. 19 /CNW/ -
Strategic Resources Inc. ("Strategic" or "the Corporation"), is
pleased to provide the following update of activities on its US
based projects: At the Gallinas Mountains Rare Earth project
(Lincoln County, New Mexico), more lode claims have now been staked
along an additional portion of the main breccia fault zone running
through the Gallinas Mountains and in areas of other noted
brecciated zones. This brings to ~2900 acres, the total acreage
held in the Gallinas Mountains. A geochemical soil sampling program
has now been completed over a substantial amount of this acreage.
Results are being analyzed by Dr. Virginia McLemore and her team at
the New Mexico Institute of Mining and Technology. The valuable
information anticipated from this analysis will add to the data
obtained in 1993 by the US Bureau of Mines and will be instrumental
in delineating future drill targets. The three drill permit
applications (Outlaw #1, #2, #3) submitted earlier this year for
the Gallinas Mountains Rare Earth project are receiving due
attention and proceeding through the approvals process in an
orderly fashion. At the Baca and White Mesa Uranium/Vanadium
projects situated near Datil, New Mexico, final modifications to
permit applications have now been made. Federal authorities are now
making submissions to State of New Mexico authorities who,
following a review and comment period, will make determination on
environmental reclamation bond calculation. Additional lode claims
have now been staked in two areas proximal to the Baca and White
Mesa projects. Plans of Operations for these additional claims have
now been submitted to Federal authorities. The Bureau of Land
Management has now approved Strategic's drill permit submission for
the Lemitar Mountains Rare Earth project located near Socorro, New
Mexico. Similar approvals from the State of New Mexico are expected
soon, following determination of the required reclamation bond
amount. At the McDermitt Lithium project situated in Malheur
County, Oregon, Strategic Resources has been advised that both
Federal and Oregon State officials have approved the drilling
permit application. Drilling permits will be issued once Strategic
completes posting of the necessary environmental reclamation bond.
Preliminary results have now been obtained from the bulk samples of
Fluorite/Rare Earth bearing rock from the Gallinas Mountains that
were submitted some time ago to the Montana School of Mines in
Butte, Montana. Preliminary results indicate that crushing and
grinding to between 150 and 200 mesh size will result in liberation
of Fluorite and Rare Earth mineralization. Bench scale work
involving gravity tabling and flotation will be completed in the
coming weeks. About Strategic Resources Strategic Resources is a
Canadian based junior exploration company with uranium/vanadium
exploration projects in Catron County, New Mexico, Rare Earth
exploration projects in Lincoln County and Socorro County, New
Mexico and a Lithium project in Malheur County, Oregon. More
information about the company is available on line
atwww.strategicresourcesinc.ca. Disclaimer: 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 release.
Forward looking statements: This news release may contain certain
forward-looking inferences or statements. These forward-looking
inferences or statements are subject to a variety of risks and
uncertainties beyond the Corporation's control or prediction and
could cause actual events or results to differ materially from
those anticipated in such forward-looking statements. Although the
Corporation believes that the assumptios inherent in the
forward-looking statements are reasonable, undue reliance should
not be placed on these forward-looking statements. pbMalcolm
Bucholtz, President & CEO,/b Tel:1.306.525.0852, a
href="mailto:newmexicouranium@gmail.com"
cr="true"newmexicouranium@gmail.com/a/p
Copyright
Strategic Resources Inc. (TSXV:UVR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Strategic Resources Inc. (TSXV:UVR)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Strategic Resources Inc. (TSX Venture Exchange): 0 recent articles
More Strategic Resources Inc. News Articles