Strategic Resources Inc. (TSXV:UVR)
Historical Stock Chart
From Jul 2019 to Jul 2024
REGINA, SK, Nov. 19 /CNW/ --
TSX.V: UVR
REGINA, SK, Nov. 19 /CNW/ - Strategic Resources Inc. ("Strategic" or "the Corporation"), is pleased to provide the following update of activities on its US
based projects:
At the Gallinas Mountains Rare Earth project (Lincoln County, New
Mexico), more lode claims have now been staked along an additional
portion of the main breccia fault zone running through the Gallinas
Mountains and in areas of other noted brecciated zones. This brings to
~2900 acres, the total acreage held in the Gallinas Mountains. A
geochemical soil sampling program has now been completed over a
substantial amount of this acreage. Results are being analyzed by Dr.
Virginia McLemore and her team at the New Mexico Institute of Mining
and Technology. The valuable information anticipated from this analysis
will add to the data obtained in 1993 by the US Bureau of Mines and
will be instrumental in delineating future drill targets.
The three drill permit applications (Outlaw #1, #2, #3) submitted
earlier this year for the Gallinas Mountains Rare Earth project are
receiving due attention and proceeding through the approvals process in
an orderly fashion.
At the Baca and White Mesa Uranium/Vanadium projects situated near
Datil, New Mexico, final modifications to permit applications have now
been made. Federal authorities are now making submissions to State of
New Mexico authorities who, following a review and comment period, will
make determination on environmental reclamation bond calculation.
Additional lode claims have now been staked in two areas proximal to
the Baca and White Mesa projects. Plans of Operations for these
additional claims have now been submitted to Federal authorities.
The Bureau of Land Management has now approved Strategic's drill permit
submission for the Lemitar Mountains Rare Earth project located near
Socorro, New Mexico. Similar approvals from the State of New Mexico are
expected soon, following determination of the required reclamation bond
amount.
At the McDermitt Lithium project situated in Malheur County, Oregon,
Strategic Resources has been advised that both Federal and Oregon State
officials have approved the drilling permit application. Drilling
permits will be issued once Strategic completes posting of the
necessary environmental reclamation bond.
Preliminary results have now been obtained from the bulk samples of
Fluorite/Rare Earth bearing rock from the Gallinas Mountains that were
submitted some time ago to the Montana School of Mines in Butte,
Montana. Preliminary results indicate that crushing and grinding to
between 150 and 200 mesh size will result in liberation of Fluorite and
Rare Earth mineralization. Bench scale work involving gravity tabling
and flotation will be completed in the coming weeks.
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 atwww.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 assumptios
inherent in the forward-looking statements are reasonable, undue
reliance should not be placed on these forward-looking statements.
pbMalcolm Bucholtz, President & CEO,/b Tel:1.306.525.0852, a href="mailto:newmexicouranium@gmail.com" cr="true"newmexicouranium@gmail.com/a/p