Strategic Resources Inc. (TSXV:UVR)
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REGINA, SK, March 2 /CNW/ --
TSX.V: UVR, TSX.V:RUN, OTC:RFXRF
REGINA, SK, March 2 /CNW/ - Strategic Resources Inc. ("Strategic") and Running Fox Resources (TSXV:
RUN) (OTC: RFXRF), are pleased announce that both the State of New Mexico and the United
States Forest Service have now granted permit approvals for Strategic
Resources to begin exploration drilling activity on the Baca Uranium
project located in Catron County, New Mexico.
Permitting for the White Mesa Uranium Project, also situated in Catron
County, NM, is in the final stages of approval with both the State of
New Mexico and the United States Forest Service.
Strategic's Uranium exploration programs in Catron County, New Mexico
are a joint venture with Running Fox Resource Corp., TSX-V "RUN", US
OTC "RFXRF", the terms of which allow Strategic to earn up to a 60%
interest. (see Press Release dated Sept 30, 2008).
Strategic Resources has signed a contract with Phoenix Mineral Drilling
LLC for the provision of drilling services on its various projects in
New Mexico.
Strategic Resources will be engaging the services of Century Geophysical
LLC for downhole logging activity.
Chemical assaying will be conducted by ALS Laboratory Group. Submitted
samples will be assayed for a variety of elements including Uranium and
Vanadium.
Under the guidelines of National Instrument 43-101, the Qualified Person
for the Baca project (and other New Mexico projects) will be Tony
Kovschak, M.Sc. P.Geo.
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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/02/c7301.html
pbMalcolm Bucholtz, President & CEO,/bbr/ Tel: 1.306.525.0852 or 1.505.504.2398 a href="mailto:strategicminerals@yahoo.com"strategicminerals@yahoo.com/abr/ a href="http://strategicresourcesinc.ca"http://strategicresourcesinc.ca/a/p