CHEYENNE, Wyo., Oct. 17, 2011 (GLOBE NEWSWIRE) -- Strategic Mining Corp. (OTCBB:SMNG) announces today that it has conducted a successful metallurgical test on gold and silver samples collected at the Company's flagship Nat Son property in northern Vietnam. The samples were collected during a two week geological study of the Nat Son property by Strategic's independent consulting geologist, Mr. Robert Marvin (B.SC, PGEO) of Red Rock Geoservices.
The tested samples taken from one of Nat Son's numerous exposed gold veins were initially assayed by ALS Chemex of Vancouver, Canada. The tested samples assayed from 7.44 grams/tonne to 21.8 grams/tonne gold, and 73.22 grams/tonne to 99.9 grams/tonne silver. The assayed samples were then sent to Mr. Richard Kunter (BS, MS - Met Eng) in Englewood, Colorado for metallurgical analysis and recovery tests.
Mr. Kunter reported: "The sulphide flotation concentrate of the most recent test recovered 74.6% of the gold contained in the sample in a 5.16% wt% concentrate assaying 5.202 troy ounces gold per ton (178.35 grams gold per tonne). The calculated head from the test was 0.359 troy ounces gold per ton (12.32 grams gold per tonne). This was in good correlation with the assayed value of 0.387 troy ounces gold per ton (13.27 grams gold per tonne). The test confirmed that a high grade concentration with good recovery can be achieved on mineralized material from the Nat Son project."
In his property evaluation report on the Nat Son property, Mr. Marvin reported: "the mapped characteristics of the property are typical of many productive gold districts worldwide. Examples of geologically similar, productive gold deposits in Asia include the world-class Natalka deposit in Russia Far East (over 20,000,000 ounces gold), the Maoling deposit in China (800,000 ounces gold), and the Kolpatas and Daugyz gold deposits in Uzbekistan (gold resources in excess of 1,000,000 ounces)."
Strategic Mining Corp.'s goal is to become a significant developer of gold properties in Vietnam. It is currently planning more exploration and development programs on several gold and silver properties it holds in Vietnam. The company intends to expand its property base in Vietnam by acquisition and joint venture. More information is available at www.strategicminingcorp.com or contact 425-493-3975.
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 discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identify 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.