PRZOOM - /newswire/ -
Toronto, Ontario, Canada, 2010/12/15 - Strategic Mining Corporation (SMNG) is pleased to announce significant gold and silver assay results from 18 rock samples collected at surface from its Nat Son gold property in northern Vietnam. PINK SHEETS: SMNG
The samples returned gold values ranging from .01 grams per ton up to 17.7 grams per ton and silver values ranging from 0.4 grams per ton up to 11.8 grams per ton.
Four of the samples (NSR-126 to NSR-129 in the accompanying chart) were collected during a corporate reconnaissance of the property, with the remaining 14 samples gathered during a three-day geologic investigation by consulting geologist Hassan Alief as part of his preparation of the first NI 43-101 compliant technical report on the property.
Assay Results (ppm)
Sample ID Ag Au As Pb Zn / less than greater than
NSR-126 0.5 10000 35 5
NSR-127 8.6 580 5390 2240
NSR-128 less than 5 4.49
NSR-129 less than 5 0.99
NSR-130 0.40 0.01 56.00 85.00 60.00
NSR-131 11.80 4.78 10000 9,320.00 139.00
NSR-132 0.40 0.01 711.00 44.00 61.00
NSR-133 0.40 0.04 1,820.00 124.00 100.00
NSR-134 1.40 0.66 3,420.00 1,035.00 319.00
NSR-135 0.70 0.75 6,460.00 198.00 360.00
NSR-136 2.60 0.96 340.00 1,155.00 948.00
NSR-137 0.70 1.68 10000 46.00 34.00
NSR-138 7.80 1.33 249.00 1.64 690.00
NSR-139 0.40 0.01 611.00 283.00 8.00
NSR-140 8.10 17.70 10000 995.00 84.00
NSR-141 2.70 6.72 10000 1,115.00 367.00
NSR-142 0.60 0.16 2,330.00 83.00 208.00
NSR-143 0.70 0.46 10000 202.00 216.00
'We're extremely pleased with these high-grade assay results, which clearly demonstrate the substantial earning potential of Nat Son,' said Strategic Mining President Todd Sterck. 'The drilling program we are hoping to begin in early 2011 will be the first depth testing at the property, and we look forward to getting started and better defining the scope of the resources available to us.'
Nat Son is located in Vietnam's Hoa Binh province about 50 kilometers south west of Hanoi in the center of the gold-rich Kim Boi deposit.
The NI 43-101-compliant report can be downloaded at strategicminingcorp.com/.
Quality Control and Assurance
All of the samples were analyzed by ALS Chemex in Vancouver, BC, Canada. M. Hassan Alief, CPG, who is a Qualified Person as defined by NI 43-101, had chain-of-custody for the 14 samples he personally collected. Mr. Alief delivered the samples directly to the office of DHL in Hanoi and shipped them to ALS Chemex in Vancouver. The samples were analyzed by induction plasma for 33 elemental specs and gold.
About Strategic Mining Corporation
Strategic Mining Corporation (strategicminingcorp.com) is engaged in the exploration and development of gold properties in Viet Nam, the U.S. and Africa. The company intends to expand by acquiring mineral rights to key properties and initiating strategic joint ventures. As previously stated in company press releases, Strategic Mining is in the process of filing to move to the OTCBB.
No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The 'Act'). In particular, when used in the preceding of discussion, the words 'pleased,' 'plan,' 'confident that,' 'believe,' 'expect,' or 'intent to' and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks in the company's SEC reports and filings.