Strategic Metals stakes 37 Yukon gold propertiesStrategic Metals stakes 37 Yukon gold properties
2010-04-29 10:43 ET - News Release
Mr. W. Douglas Eaton reports
STRATEGIC METALS ANNOUNCES NEW GOLD ACQUISITIONS
Strategic Metals Ltd. has moved to increase its holdings in quality gold projects. Since November, 2009, Strategic has intensively researched public records and a large private database, and through this research has staked 37 properties in highly prospective areas of the Yukon. All of these properties host gold showings or strong gold geochemical anomalies.
With these recent acquisitions, Strategic now holds either 100-per-cent or majority working interests in 51 projects, where gold is the main metal of interest. Nearly all of these projects are located in the Yukon, and most are modelled on recent discoveries that were made by Underworld Resources Ltd. at its White Gold project, and Atac Resources Ltd. at its Rau project.
Strategic intends to option or joint venture some of its gold projects to other parties, but will be financing exploration of a number of them itself. Major diamond drill programs are planned for summer 2010 at three of Strategic's porphyry gold-copper prospects:
- GK in the Galore Creek/Red Chris area of northwestern British Columbia;
- Nikki in southwestern Yukon;
- Mars in south-central Yukon.
Exploration arrangements are currently being completed and budgets are expected to be announced in about two weeks.
For further information concerning Strategic or its various exploration projects visit the company's website.
We seek Safe Harbor.