REGINA, Nov. 30, 2011 /CNW/ - Strategic Resources Inc. ("Strategic") is pleased to note that it has now been advised by the US Forest Service
(USFS) that two Plans of Operation submitted for REE breccia pipe
targets in the Gallinas Mountains project area have now been approved.
Officials at the State of New Mexico have further advised that a draft
version of the drilling permits has now also been prepared. Discussions
have now commenced with USFS and State of New Mexico officials to
arrive at suitable reclamation bonding figures for these breccia
targets. Once reclamation bonding amounts have been mutually agreed
upon, final drilling permits will be issued. The process of sourcing a
suitable drilling contractor has also begun in earnest.
Strategic Resources is a Canadian based junior exploration company with
a uranium exploration project in Catron County, New Mexico and a Rare
Earth exploration project in Lincoln County, New Mexico. More
information about the company is available on line at www.strategicresourcesinc.ca.
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 assumptions inherent in the
forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
SOURCE Strategic Resources Inc.
For further information:
Malcolm Bucholtz, President & CEO,
Tel: 1.306.525.0852 or 1.505.504.2398