Strategic miningcorp( smng) enters grave negotiations to take seductiveness in …
NEW YORK, NEW YORK, February eleven, 2011( Marketwire around COMTEX) —
Strategic Mining Corporation( PINK SHEETS: SMNG| PowerRating), a bullion mining association focused prolongation in northern Vietnam, voiced now which it has entered grave negotiationswith a supervision of Vietnam to take a 40% seductiveness in a Dong Thanh bullion property.
The association anticipates Dong Thanh could grasp bullion prolongation of twenty, 000 ounces annually in a initial year by low-cost improvements in mining mechanization as well as processing.
This impending merger is strategically aligned with a Company’s commercial operation indication of appropriation underperforming near-term as well as in-production bullion properties in tighten vicinity to a single an one more in sequence to well aim well known deposits as well as good from economies of scale.
Don Thanh is now producing bullion, yet a plan is underperforming due to a work of out-dated mining technologies.
The site is located usually 7 kilometers north of Strategic Mining’s Nat Son bullion skill, which is about 50 kilometers south west of Hanoi.
According to a geological inform combined by consulting geologist Robert Marvin, both projects have been situated upon a same gold-bearing trend.
“We have been intensely excitedto have started grave negotiations with a Vietnamese supervision towards acquiringan tenure seductiveness in Don Thanh, ” pronounced Strategic Mining President Todd Sterck. “The plan is already producing bullion, as well as you design to be means to significantly enlarge outlay yet medium investments in complicated record as well as processes. You expect which a merger of a skill will enlarge a company’s worth as well as raiseshareholder gain in a both reduced tenure as well as prolonged term.”
In early Jan 2011, Mr. Sterck conducted a site debate of Don Thanh during a call in of a Vietnamese government.
About Strategic Mining Corporation( PINK SHEETS:SMNG)
Our idea is to turn a poignant bullion producer. You have been now a usually horse opera bullion mining association protected to work in northern Vietnam. Taking full value of a first-mover standing in a segment, you have been aggressively pursuingacquisition discussions with countless properties. To find out some-more about us, revisit www.strategicminingcorp.com.
Safe Harbor
No declaration can be since which past or identical formula of precious-metal mining will be demonstrative of destiny results. This headlines recover contains forward-looking statements inside of a definition of a Private Securities Litigation Reform Act of 1995( A “Act”) . In sold, when used in a preceding of contention, a difference “pleased, ” “plan, ” “confident which, ” “believe, ” “expect, ” or “intend to” as well as identical redeeming expressions have been dictated to temperament forward-looking statements inside of a definition of a Act as well as have been theme to a protected bay combined by a Act. Such statements have been theme to sure risks as well as uncertainties, as well as tangible formula could talk about materially from those voiced in any of a forward-looking statements. Such risks as well as uncertainties embody, yet have been not singular to, marketplace conditions, ubiquitous acceptance of a company’s products as well as technologies, rival factors, a capability to successfully finish one more financing as well as alternative risks in a company’s SEC reports as well as filings.
SOURCE: Strategic Mining Corporation
Strategic Mining CorporationTodd SterckPresident1-425-493-3975toddsterck@strategicminingcorp.comwww.strategicminingcorp.com
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