NEW YORK, March 3, 2011 (GLOBE NEWSWIRE) -- Strategic Mining (OTCBB:SMNG) announced today that the Boart Longyear LF 70 diamond core angular drill rig arrived in Vietnam on February 28. The company plans to begin the drilling program outlined by company geologist, Hassan Alief, in the 43-101 report within 30 days.
The acquisition of the LF 70 diamond core drill rig on a Morooka track system is an important step for the continued development of the Ba Dinh gold property in Vietnam. The completion of the drilling program is necessary to define the gold reserves and to give the exact locations where to begin the mining operations.
The LF 70 will be the first angular core drill rig in Hoa Binh Province and the company has received strong support from the Vietnamese Government for bringing the latest angular core drilling technology to the region.
President, Todd Sterck, commented: "The new drilling rig will enable the company to work throughout all seasons and to initiate drilling programs in previously inaccessible areas."
Our goal is to become a significant gold producer. We are currently focused on the exploration and development of gold properties in Vietnam, the US and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures. To learn more about us, visit .
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.
CONTACT: Todd Sterck, President Tel: 1-425-493-3975 info@strategicminingcorp.com Website: www.strategicminingcorp.com
