Final Permits Pending for Gallinas Mountains REE Projects
29 November 2011 - 12:03PM
PR Newswire (Canada)
TSX.V: STI REGINA, Nov. 30, 2011 /CNW/ - Strategic Resources Inc.
("Strategic") is pleased to note that it has now been advised by
the US Forest Service (USFS) that two Plans of Operation submitted
for REE breccia pipe targets in the Gallinas Mountains project area
have now been approved. Officials at the State of New Mexico have
further advised that a draft version of the drilling permits has
now also been prepared. Discussions have now commenced with USFS
and State of New Mexico officials to arrive at suitable reclamation
bonding figures for these breccia targets. Once reclamation bonding
amounts have been mutually agreed upon, final drilling permits will
be issued. The process of sourcing a suitable drilling contractor
has also begun in earnest. Strategic Resources is a Canadian based
junior exploration company with a uranium exploration project in
Catron County, New Mexico and a Rare Earth exploration project in
Lincoln County, New Mexico. 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. Strategic Resources Inc. CONTACT:
Malcolm Bucholtz, President & CEO,Tel: 1.306.525.0852 or
1.505.504.2398strategicminerals@yahoo.com
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