NewswireToday - /newswire/ -
Cheyenne, WY, United States, 2010/05/13 - The Strategic Mining Corporation announced today that its Siguiri gold concession located in Guinea, West Africa, has been classified a "Property of Merit" by the NI-43101 geological report. PINK SHEETS: SMNG
Geological consultant, Hendrik Veldhuyzen (BSc,MSc), was retained to examine the Siguiri concession in northwest Guinea to provide a report on its mineral potential and to discuss further exploration potential. He concluded in his report that the property has merit and potential for mineable gold and should be explored in detail. The Siguiri basin is the base for several gold mines that include Anglo-Ashanti, SEMAFO, and Lero.
The report was prepared to the standards and headings of Canadian National Instrument 43-101 and is intended to facilitate technical and economic aspects of the project, including attracting venture partners and/or fund raising. Mr. Veldhuyzen has written numerous reports and is responsible for the contents of the Siguiri report as an independent "Qualified Person" in accordance with NI 43-101 standards of disclosure for mineral projects.
Mr. Veldhuyzen is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Newfoundland and L'Ordre Des Geologues Du Quebec. He has had over 30 years of full time international field work with a variety of worldwide mining corporations.
About Strategic Mining Corporation
Strategic Mining Corporation (strategicminingcorp.com) is engaged in the exploration and development of gold properties in Vietnam, the U.S. and Africa. The company intends to expand by acquiring mineral rights to more 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.