CHEYENNE, Wyo., Aug. 3, 2010 (GLOBE NEWSWIRE) -- Strategic Mining Corp. (Pink Sheets:SMNG) announced today that the land survey for its Nat Son property has been completed and approved by the Vietnamese Provincial Government.
Strategic Mining has also completed construction of new industrial roads that allow year round access to the property. The approval of the land survey coupled with the completion of new roads enables the company to commence drilling operations on the property this fall after the end of the rainy season. The company plans the drill operations to begin in October of this year. The drill program has been outlined by the company geologist and the results will provide important information to help define the gold reserves for the property.
President, Todd Sterck commented: "The approval of the land survey marks a significant milestone in our efforts to bring the Nat Son property to an advanced stage of exploration. The completion of the new roads will enable Strategic to keep exploration efforts operational year round. We are pleased to report this progress to the investment community at this juncture."
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.
Safe Harbour: 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.