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Strategic Mining Renews Mining Exploration Permit for Its West African Gold Property in Guinea
CHEYENNE, Wyo., April 30, 2010
GLOBE NEWSWIRE
Strategic Mining Corporation (Pink Sheets:SMNG) announced today that it has renewed its mining exploration permit for the Siguiri gold property in Guinea, West Africa. The renewable permit is valid for the next two years.
The Siguiri permit has an area of 103 kilometers and is located 500 miles from the capital, Conakry. The permit is located on the northern rim of the Siguiri sedimentary basin. This region has been extensively explored over the past 50 years. Approximately 10 miles from the permit, a world class mining company has been successfully operating a large gold mining project for well over a decade. The Birimian greenstone belt of Guinea has had a long history of placer gold mining and prospecting. The company is fortunate to have secured a gold property in this highly productive and well-established region.
The article,"Check This Area Out," dated September 26, 2007, published in "Stockhouse Bullboards," stated "The Birimian trend (West Africa) is... currently the base of the fastest growing gold production and exploration area in the world." The author makes the analogy of West African gold production to that of the Carlin trend (Nevada) in the 1990's. He writes that if Nevada were a separate country it would rank within the top five countries in the world for gold production.
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
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