TSXV: STI
REGINA, Oct. 25, 2011 /CNW/ - Strategic Resources Inc. ("Strategic") offers the following update on its Gallinas Mountains Rare Earth project in Lincoln County, New Mexico:
The drilling program referenced in the press release of June 23, 2011 had two components to it. It was designed to further examine (1) the stratigraphy along the main fault zone running through the Gallinas Mountains and (2) the stratigraphy of one brecciated target of interest. As noted in the June 23 release, drilling was suspended due to extreme fire dangers after having drilled only three holes along the main fault zone. Drilling at the breccia target was not accomplished.
Core logging examinations show there to be multiple small dike-like features associated with this main fault zone. Assay results show that these dike-like features range from 0.34% to 0.46% TREO. These observations indicate that the main fault zone may not be an optimal target to pursue.
Focus now shifts to a more thorough examination of the brecciated pipe zones that can be seen in the overall project area and their potential to host Rare Earth mineralization. Scientific literature on the Gallinas Mountains authored by Soule (1946), Heinrich (1964), Perhac (1970) and Schreiner (1993) speaks favorably of these brecciated zones. Strategic has now been advised by the State of New Mexico and US Forest Service that its drill permit applications for the M&E and Vista brecciated zones should be completed in late November. With a drilling permit in hand for the one breccia target referenced above and with permits pending for the M&E and Vista breccia zones, Strategic can now look forward to resuming its activity in the Gallinas Mountains.
Under the guidelines of National Instrument 43-101, the Qualified Person responsible for the technical content of this news release is Tony Kovschak, M.Sc. CPG.
Strategic Resources is a Canadian based junior exploration company with a Rare Earth exploration project in Lincoln County, New Mexico and a uranium exploration project in Catron County, New Mexico. More information about the company is available on line at www.strategicresourcesinc.ca.
Disclaimer:
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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.
https://strategicresourcesinc.ca TSXv: STI