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About Strategic Mining Corp. (OTC: SMNG)
Strategic Mining has targeted a major gold property in Guinea. West Africa is one of the fastest growing regions for gold production second only to Russia. Strategic has acquired the mining rights to this property, which consist of 103 sq. km. in the Siguiri region.
Strategic’s geological consultants in Guinea have worked with a world-class mining company in the Siguiri region for over 10 years. They have outlined the area for acquisition for Strategic’s joint venture partner and have prepared a work program to further explore and develop the property.
Strategic Mining is poised to systematically apply advanced exploration and development technologies to quickly begin to bring the rich alluvial deposits into production and thereby create a positive cash-flow opportunity in its first year of operation. Simultaneously, the company plans to do a feasibility study to prepare to bring the hard rock deposits into production.
The acquisition of Siguiri gold concession serves as a platform to engage in an under-explored region that has proven geology and production by other adjacent world class mining companies and to give a strong indication of competitive return on investment.
The company has completed negotiations to acquire mining interests for a gold property located in Nevada and Utah. Our technical team is currently reviewing the geochemical and field reports from recent exploration work compiled by Arnevut Resources Inc. based in the Denver area.
Strategic Mining has also entered into an agreement with Ba Dinh Mineral Company, a Vietnamese mineral exploration company based in Ho Chi Minh City, to evaluate and report on known high grade gold deposits located in North Vietnam.
Strategic Mining will apply environmentally sound mining practices while promoting sustainable social relationships and responsible corporate governance.
August 6 - Strategic Mining Announces Completion of New Field Office and Buildings for Gold Property in Vietnam
Strategic Mining Corp. (Pink Sheets:SMNG - News) announced today the completion of a new field office on the Nat Son gold property in Vietnam. Buildings for large equipment storage and workers housing facilities were also completed.
Strategic Mining has been working diligently to have the infrastructure ready for the commencement of drilling operations and future mining activity on the property. The drill program is targeted to begin in October of this year.
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