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SMRS Unearths Golden Mining Opportunities

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QualityStocks Member Level  Tuesday, 04/05/16 03:06:38 PM
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SMRS Unearths Golden Mining Opportunities

Star Mountain Resources, Inc. (OTC: SMRS), a junior exploration and mining company, acquires and consolidates mining claims, mineral leases, producing mines and historic mines in the U.S. Through its minerals exploration efforts, the Tempe, Arizona-based company identifies claims, leases and mines with future growth and production promise.

Star Mountain explores for gold, silver, copper, lead, zinc, silica and zircon deposits. Its active operations are fixed on base metal and precious metal mining acquisitions in North America. Originally incorporated in September 2009, the company was renamed Star Mountain Resources in December 2014 to better reflect its focus on its holdings in the Star Mountain mining district of southern Utah. Around the same time, management made a strategic decision to pursue the acquisition of developed mining assets with a clear path to early production.

With its acquired mineral resources in Beaver County, Utah, and West Ogden, Utah, the company means to focus on the initiation, production and expansion of these resources in order to turn them into producing assets. It is also in the process of re-commencing its mining activities in the Balmat mining district in upstate New York.

In the Star Mountain Mining District in Beaver County, approximately five miles west of Milford, Utah, the company holds interests in the Chopar project, which consists of 116 lode-mining claims and four metalliferous mineral lease sections covering an estimated 3,730 acres. The Star Mountain project involves a total area of 2,320 acres and the company has already conducted a geological analysis, magnetometry studies and a limited reverse circulation and core drilling exploration program on it.

In West Ogden, Utah, the company’s attentions are in the Ogden Bay Minerals project, and in the Balmat mining district of St. Lawrence County, New York, the company holds interests in the Balmat Zinc Mine. The company gained title to the Balmat zinc mine in November 2015 when it acquired Northern Zinc, a private company, and closed on the acquisition of the Balmat Holding Corporation from Hudbay Minerals. This three-way transaction brought the company a high quality mining asset and added seasoned, experienced mining professionals to its existing board of directors and senior management.

For more information, visit www.starmountainresources.com

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