CHEYENNE, Wyo., March 26, 2010 (GLOBE NEWSWIRE) -- Strategic Mining Corporation (Pink Sheets:SMNG) announced today that the company has recently acquired a 75% interest in a US gold mining property. The East Canyon property is located in Nevada and Utah.
Hassan Alief, geological consultant to the company, has been commissioned to prepare a geological report on the gold property. He will review geochemical and field reports from historic and recent exploration to evaluate the property and write the report.
President Todd Sterck commented: "We believe that it is important for Strategic Mining to have a presence in the United States. The addition of the East Canyon gold property to the company's mining portfolio will strengthen its overall position. With good exploration results, future gold production is possible."
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Viet Nam, the US and Africa. The company intends to expand by acquiring mineral rights to key properties and initiating strategic joint ventures.
Safe Harbor: 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 financings and other risks in the company's SEC reports and filings.