Strategic Mining (Pink Sheets:SMNG ) announced today that it has made arrangements to purchase a Boart Longyear LF 70 diamond core angular drill rig. The company plans to begin this fall the drilling program outlined by company geologist, Hassan Alief, in the 43-101 report.
The acquisition of the LF 70 diamond core drill rig on a Morooka track system is an important step for the continued development of the Ba Dinh gold property in Vietnam. The completion of the drilling program is necessary to define the gold reserves and to give the exact locations where to begin the mining operations.
The LF 70 will be the first angular core drill rig in Hoa Binh Province and the company has received strong support from the Vietnamese Government for bringing the latest angular core drilling technology to the region.
President, Todd Sterck, commented: "The new drilling rig will enable the company to work throughout all seasons and to initiate drilling programs in previously inaccessible areas."
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the U.S. (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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