Iron Glen Update

RNS Number : 0083M

Strategic Minerals PLC

09 August 2011

 



8 August 2011 

Strategic Minerals Plc

("Strategic Minerals" or the "Company")

Iron Glen Update

Strategic Minerals plc (AIM: SML) today announces that the 2011 drilling programme is advancing with a total of 29 RC holes drilled over a total of 3662 metres. All RC holes were drilled at the Iron Glen prospect targeting magnetite and base and precious metal skarn mineralisation. Two of the RC holes are precollars awaiting diamond core extensions, 2 are water bores and 2 were abandoned. The bulk of the analytical samples from these holes have been forwarded to assay laboratories for analysis. Results are being processed.

The diamond core drilling component of the programme is well underway. Planned diamond drilling is likely to take another 2 or 3 weeks. Four holes have been completed targeting magnetite and base metals at Iron Glen, these totalling 671.45m of diamond core. One hole is underway drilling under the outcropping lead-zinc-copper mineralisation at Lead Belly. It is currently at 65m depth. An additional 2 more diamond core samples are planned at Lead Belly, totalling approximately 150m. A further 3 diamond core tails and drill holes are planned at Iron Glen which total approx 170m. Samples will be forwarded to the assay laboratory for geochemical analysis after geological evaluation and processing of the diamond core is completed.

Competent Person's Statement

The information in this announcement that relates to exploration results is based on information compiled by Dr Simon D. Beams, a full time employee of Terra Search Pty Ltd, geological consultants employed by Strategic Minerals' wholly owned subsidiary, Iron Glen Pty Ltd.           

Dr. Beams has BSc Honours and PhD degrees in geology; he is a Member of the Australasian Institute of Mining and Metallurgy (Member #107121) and a Member of the Australian Institute of Geoscientists (Member # 2689). Dr Beams has sufficient relevant experience in respect of the style of mineralization, the type of deposit under consideration and the activity being undertaken to qualify as a Competent Person within the definition of the 2004 Edition of the AusIMM's "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

- ends -

Company

Strategic Minerals plc                          [phone]

Matthew Bonthrone                             [phone]

Nominated Adviser/Broker

Allenby Capital                       

Brian Stockbridge/James Reeve        [phone]

Public Relations

Threadneedle Communications

Laurence Read/ Beth Harris               [phone]

Retail Investor Relations

GTH Communications Limited

Toby Hall/Christian Pickel                   [phone]

About Strategic Minerals plc

Strategic Minerals is a Queensland-based company incorporated in the UK on 16 November 2010.  The Company's wholly owned subsidiary, Iron Glen Pty Ltd, has title to the Iron Glen Tenement that is located approximately 40 kilometers southwest of Townsville, Queensland. The Tenement covers an area of 2,100 hectares and lies 10kms from existing rail and road infrastructure that links into Townville's deep water port which has all year round bulk loading facilities. For more information about Strategic Minerals, please go to http://strategicminerals.co.uk. You can also follow the Company on Twitter @StrategicMinrls as well as Facebook and LinkedIn. 

http://twitter.com/#!/StrategicMinrls

https://www.facebook.com/#!/StrategicMineralsPlc

http://www.linkedin.com/pub/strategic-minerals-plc/2b/b07/b15

TEXT "JOIN" to [phone] for Text Alerts

 

END

 

 

NRALIFSTTTIAIIL