Strategic Resources Baca Uranium Project Update
20 Junio 2011 - 9:30AM
PR Newswire (Canada)
REGINA, June 20, 2011 /CNW/ -- TSX.V: UVR REGINA, June 20, 2011
/CNW/ - (TSXV: UVR) - Strategic Resources Inc. ("Strategic") has
now completed a 5 hole drilling program on its joint venture Baca
Uranium project located in Catron County, New Mexico (see press
release of Mar 2, 2011). In total 1027 feet of core drilling was
carried out. Drill holes were probed by Century Geophysical of
Tulsa, Oklahoma. Two of the drilled holes encountered
mineralization at depths of less than 80 feet.
__________________________________________________ |Hole|From
(feet)|To (feet)|Interval (Feet)|% eU3O8|
|____|___________|_________|_______________|_______| |16 |72.5
|74.5 |2 |0.011 |
|____|___________|_________|_______________|_______| |19 |33 |35 |2
|0.014 | |____|___________|_________|_______________|_______| This
drilling program demonstrates that mineralization does occur at the
contact of an oxidized paleosol and the underlying Crevasse Canyon
shale formation as inferred by Dr. R. Chamberlain (New Mexico
Bureau of Mines, 1981) in his exploration model for the area. The
map contained within this press release
(http://files.newswire.ca/973/Baca.pdf) illustrates that this
contact zone deepens on a southerly trend. In keeping with the
Chamberlain model, Strategic Resources believes that uranium
mineralization in a roll front type formation has moved downdip
further into the regional basin structure that characterizes the
project area. Future exploration activity should focus on drill
targets located further into this basin structure at depths of
between 200 and 500 feet where uranium mineralization is most
likely to have accumulated below the ground water table and would
be most amenable to in-situ (ISR) recovery. Under the guidelines of
National Instrument 43-101, the Qualified Person responsible for
the Baca project and the technical content of this news release is
Tony Kovschak, M.Sc. CPG. About Strategic Resources Strategic
Resources is a Canadian based junior exploration company with
uranium exploration projects in Catron County, New Mexico, Rare
Earth exploration projects in Lincoln County and Socorro County,
New Mexico and a Lithium prospect 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/June2011/20/c7515.html p
bMalcolm Bucholtz, President & CEO, /bTel: 1.306.525.0852
or 1.505.504.2398br/ a
href="mailto:strategicminerals@yahoo.com"strategicminerals@yahoo.com/a
/p
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