Strategic Resources and Running Fox Resources Drilling Approvals Received on Baca Uranium Project
02 Marzo 2011 - 8:30AM
PR Newswire (Canada)
REGINA, SK, March 2 /CNW/ -- TSX.V: UVR, TSX.V:RUN, OTC:RFXRF
REGINA, SK, March 2 /CNW/ - Strategic Resources Inc. ("Strategic")
and Running Fox Resources (TSXV: RUN) (OTC: RFXRF), are pleased
announce that both the State of New Mexico and the United States
Forest Service have now granted permit approvals for Strategic
Resources to begin exploration drilling activity on the Baca
Uranium project located in Catron County, New Mexico. Permitting
for the White Mesa Uranium Project, also situated in Catron County,
NM, is in the final stages of approval with both the State of New
Mexico and the United States Forest Service. Strategic's Uranium
exploration programs in Catron County, New Mexico are a joint
venture with Running Fox Resource Corp., TSX-V "RUN", US OTC
"RFXRF", the terms of which allow Strategic to earn up to a 60%
interest. (see Press Release dated Sept 30, 2008). Strategic
Resources has signed a contract with Phoenix Mineral Drilling LLC
for the provision of drilling services on its various projects in
New Mexico. Strategic Resources will be engaging the services of
Century Geophysical LLC for downhole logging activity. Chemical
assaying will be conducted by ALS Laboratory Group. Submitted
samples will be assayed for a variety of elements including Uranium
and Vanadium. Under the guidelines of National Instrument 43-101,
the Qualified Person for the Baca project (and other New Mexico
projects) will be Tony Kovschak, M.Sc. P.Geo. About Strategic
Resources Strategic Resources is a Canadian based junior
exploration company with uranium/vanadium exploration projects in
Catron County, New Mexico, Rare Earth exploration projects in
Lincoln County and Socorro County, New Mexico and a Lithium project
in Malheur County, Oregon. 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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/02/c7301.html
pbMalcolm Bucholtz, President & CEO,/bbr/ Tel: 1.306.525.0852
or 1.505.504.2398 a
href="mailto:strategicminerals@yahoo.com"strategicminerals@yahoo.com/abr/
a
href="http://strategicresourcesinc.ca"http://strategicresourcesinc.ca/a/p
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