Strategic Resources Inc. (TSXV:UVR)
Historical Stock Chart
From Jul 2019 to Jul 2024
REGINA, June 20, 2011 /CNW/ --
TSX.V: UVR
REGINA, June 20, 2011 /CNW/ - Strategic Resources Inc. ("Strategic") has now completed a single drill hole on its Ginger M project located
in the Lemitar Mountains area of Soccoro County, New Mexico.
This project area was brought to the attention of Strategic Resources by
the New Mexico Bureau of Mines which has studied the Lemitar Mountains
on several occasions, the most recent being McLemore in 1983.
The generalized model for the Lemitar Mountains posits that mafic and
carbonatite dikes intruded Precambrian rocks over geologic time.
Field work and ground magnetic studies carried out in 2010 identified an
area of interest on the eastern margin of the claim block.
This initial single hole was selected to focus on this area of interest
and was designed to gain a more detailed understanding of the
geological potential of one these north-trending dike features.
In total 168 feet of core drilling was carried out. Samples were assayed
by ALS Chemex of Reno, Nevada using a 4-acid digest and multi-element
ICP methodology. Anomalous assay values are as follows:
______________________________________________________________
|Hole |From |To |Interval|% Fe |%Ti |Zr |Y |Ce |La |Nd |
| |(feet)|(feet)|(feet) | | |ppm|ppm|ppm|ppm|ppm|
|________|______|______|________|_____|____|___|___|___|___|___|
|SO-018-1|125.0 |133.25|8.25 |13.48|1.47|283|87 |82 |36 |57 |
|________|______|______|________|_____|____|___|___|___|___|___|
|SO-018-1|147.0 |152.5 |5.5 |12.57|1.38|326|91 |85 |39 |59 |
|________|______|______|________|_____|____|___|___|___|___|___|
___________________________________________________
|Hole |From |To |Interval|Dy |Gd |Pr |Sm |Cs |
| |(feet)|(feet)|(feet) |ppm|ppm|ppm|ppm|ppm|
|________|______|______|________|___|___|___|___|___|
|SO-018-1|125.0 |133.25|8.25 |16 |16 |12 |15 |11 |
|________|______|______|________|___|___|___|___|___|
|SO-018-1|147.0 |152.5 |5.5 |16 |17 |12 |14 |7 |
|________|______|______|________|___|___|___|___|___|
These results suggest that the Lemitar Mountains are a prospective area
in keeping with research observations made by the New Mexico Bureau of
Mines. Further work is warranted.
Under the guidelines of National Instrument 43-101, the Qualified Person
for the Lemitar Mountains project and for the technical content of this
news release Tony Kovschak, M.Sc. CPG.
About Strategic Resources
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/June2011/20/c7516.html
p bMalcolm Bucholtz, President & CEO,/bbr/ Tel: 1.306.525.0852 or 1.505.504.2398 a href="mailto:strategicminerals@yahoo.com" font-style="italic"strategicminerals@yahoo.com/a /p