TORONTO, Jan. 12, 2010 (GLOBE NEWSWIRE) -- Strategic Mining Corporation (Pink Sheets:SMNG) announced today the implementation of plans to expand its gold mining interests to the U.S. and Vietnam.
The company is completing negotiations to acquire mining interests for a gold property located in Nevada and Utah. Our 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.
President Gary Cripps commented: "We are encouraged by the prospects of new property acquisitions as they support the company's efforts to increase shareholder value and strengthen the company's overall position."
Strategic Mining is engaged in the exploration and development of gold properties in West Africa. The Birimian greenstone belt's long history of gold mining and prospecting is one of the fastest growing gold producing areas in the world. The company is also implementing plans to acquire and advance gold projects in strategic areas both domestically and internationally.
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.