Strategic Resources Inc. (TSXV:UVR)
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REGINA, June 24, 2011 /CNW/ --
TSX.V: UVR
REGINA, June 24, 2011 /CNW/ - Strategic Resources Inc. ("Strategic") regrets to advise that it has decided to suspend its exploration efforts
in the Gallinas Mountains due to fire danger which has now reached new
extremes.
Strategic has been operating under very strict conditions in the project
area. These conditions have included outfitting all equipment with
spark arresting devices, having only pre-authorized personnel on site,
and posting a fire watch observer on site during drilling operations.
At the outset of this drilling program conditions were very dry.
Persistent high winds and lack of moisture have now made conditions
dangerously extreme.
Strategic will initiate plans to resume its exploration activity in the
area following the seasonal rains which should provide enough moisture
to relieve the fire dangers.
Strategic Resources is a Canadian based junior exploration company with
uranium exploration projects in Catron County, New Mexico, Rare Earth
exploration projects in Lincoln County and Socorro County, New Mexico
and a Lithium prospect 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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/24/c9040.html
p bMalcolm Bucholtz, President & CEO,/bbr/ Tel: 1.306.525.0852 or 1.505.504.2398 a href="mailto:strategicminerals@yahoo.com"strategicminerals@yahoo.com/a /p