Strategic Minerals plc: Iron Glen Update
By Strategic Minerals Plc, PRNEThursday, July 7, 2011
TOWNSVILLE, Australia, July 8, 2011 -
Strategic Minerals plc (AIM: SML) today announces that the
Company has lodged an application for a Mineral Development Licence
(MDL) with the Government of Queensland. The MDL application covers
an area of approximately 1,046 hectares and carries a renewable
term of 5 years. It encompasses the majority of the land within EPM
15654 including all current drill targets including those to the
north and south of the Iron Glen Pit, the quartz porphyry area to
the west of the pit and the new Lead Belly discovery to the north
west of the pit area. The Board expects the MDL to be granted
within the next four months.
The MDL will enable the Company to undertake geoscientific
programs (e.g. drilling, seismic surveys), mining feasibility
studies and bulk ore extraction for metallurgical testing and
marketing, environmental, engineering and design studies. This will
enable the Company to evaluate the development potential of a
defined resource with confidence as to continuing rights to
all of the minerals contained within the area of the MDL over the
term of the MDL.
The next step is to identify areas within the MDL where Mining
Leases can be applied.
Pat Griffiths, CEO of Strategic Minerals, commented:
“We extend our thanks for the contribution by I2M Associates and
Terra Search in the compilation of this application. We will
provide regular updates on the progress of our application. A copy
of a map detailing the area of the proposed MDL is posted on our
web site. This is an excellent move for the Company and
demonstrates the Directors’ belief in the value of this
tenement.”
Please click on the below link to view a report produced by
Terra Search Pty Ltd on the new Lead Belly base metal discovery,
North Queensland, Australia:
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
which is located approximately 40 kilometres 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 further information please visit the Company’s website at
Follow the exploration site informal discussion:
Company: Strategic Minerals plc, +61-755-324-448, or Matthew Bonthrone, +44(0)7730-402-783; or Public Relations: Threadneedle Communications, Laurence Read, or Beth Harris, +44(0)20-7653-9850; or Retail Investor Relations: GTH Communications Limited, Toby Hall, or Christian Pickel, +44(0)20-3103-3903
Tags: australia, July 8, Strategic Minerals Plc, Townsville
