REGINA, June 10 /CNW/ - Strategic Resources Inc. ("UVR" or "the Corporation"), is pleased to provide the following update of activities on its US based projects:
A ground magnetic geophysics survey has now been completed at the Lemitar Mountains Rare Earth project located near Socorro, New Mexico. Survey results show linear trending magnetic anomalies likely indicative of dikes and faults. This survey correlates well to previously mapped outcrop geology of the project area conducted by the New Mexico Bureau of Mines. Drilling applications have now been filed with the Bureau of Land Management and efforts are now underway to complete the requisite archeological and biological studies at the various proposed drill pad areas.
At the Gallinas Mountains Rare Earth project (Lincoln County, New Mexico), drilling applications have been submitted for an area along a major breccia fault zone in the eastern part of the claim block. Archeological and biological studies have now been completed. Representatives from both the US Forest Service and the State of New Mexico have now toured the planned drill locations and the drill permitting process is well underway. Two bulk samples of rock from separate areas of the project claims have now been delivered to the Montana School of Mines in Butte, Montana for further evaluation. The bench scale metallurgical work to be undertaken will provide valuable follow-up to previous work done by the US Bureau of Mines dating back to 1946.
At the Baca and White Mesa Uranium/Vanadium projects situated near Datil, New Mexico, the final step in the permitting process will involve conducting a field visitation for two Native American groups interested in observing plant species that may grow in the area. These visitations will be concluded over the next six weeks.
At the McDermitt Lithium project situated in Malheur County, Oregon, Strategic Resources has been advised that both Federal and Oregon State officials have visited the proposed drill sites and that the drilling permit application is moving forward.
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 at www.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 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: For further information: Malcolm Bucholtz, President & CEO, Tel: 1.306.525.0852, firstname.lastname@example.org, http://strategicresourcesinc.ca