Steele Resources Announces Approval to Process Gold From Mineral Hill
19 July 2011 - 5:03AM
Marketwired
Steele Resources Corporation (the "Company," "SRC") (OTCBB: SELR)
announced today that the Company has received authorization from
the state of Montana to remove stockpiled ore at its Mineral Hill
Project located near Pony, Montana for processing. The existing
14,000 ton stockpile is a sulfide ore which has tested at an
average grade of .22 ounces of gold per ton. The Company is
currently awaiting metallurgy work necessary to formalize a
shipping schedule and to arrange for processing the material with
an offsite third party.
CEO Scott Dockter stated, "Being able to commence processing the
Mineral Hill stockpile offers the possibility of realizing initial
revenue later this year for SRC and provide capital to be used to
commence drilling exploration and for further development of the
Mineral Hill project."
About Steele Resources Corporation:
Steele Resources Corporation is a precious metals and mineral
exploration company operated by professionals with extensive
exploration, mining, and public market experience. The Company is
working to become an active metal and mineral producer through
exploration, acquisitions, mergers, and by developing its existing
portfolio of properties.
More information about Steele Resources Corporation can be found
at www.steeleresources.com.
Safe Harbor Statement
The matters discussed in this release contain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended that involve risks and uncertainties.
Although Steele Resources Corp. believes that the expectations
reflected in such forward-looking statements are reasonable, the
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ from those projected.
Steele Resources Corp. cautions investors that any forward-looking
statements made by Steele Resources Corp. are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
actual results to differ materially from those reflected in
forward-looking statements include, but are not limited to, risks
and uncertainties regarding the actual mineralization of Steele
Resources Corp.'s mining properties, the unproven nature of and
potential changes to Steele Resources Corp.'s business model, the
risk that the capital and other resources that Steele Resources
Corp. will need to exploit its business model will not be
available, and the risks discussed in Steele Resources Corp.'s Form
8-K dated June 17, 2010 and in Steele Resources Corp.'s other
filings with the Securities and Exchange Commission.
Contact: Newsletter signup and website: www.steeleresources.com
Email: info@steeleresources.com Scott Dockter Phone:
530.672.6225
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