Business
Operational Update
Operational Update.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2071I Strategic Minerals PLC 10 June 2011 \n \n\n10 June 2011\nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\n \nIron Glen Project Operational Update, Queensland Australia\n \nStrategic Minerals plc (AIM: SML), the iron ore focused exploration Company, today announces an update on its exploration activities at the Iron Glen project in Northern Queensland, Australia, in line with the admission document dated 03 June 2011.\n \nHighlights\n· Second phase of exploration commences at the Iron Glen Project\n· Identification of drill targets established\n· Drilling expected to commence in the next week with two rigs now on site\n· 3 permanent geologist and support crews on site\n· Applications have been filed to increase Company holdings adjacent to the Iron Glen Project and approval by the State Government is expected within the next four months\n \nIn October 2010, Strategic Minerals completed an initial drilling programme at the Company's tenement area in Queensland, Australia named the Iron Glen Project, which indicated an economical magnetite deposit and the presence of other minerals including silver, trace gold, copper, lead and zinc. \n \nFollowing receipt of the proceeds of the placing as part of the Company's admission to trading on AIM, the second phase of exploration drilling will now commence at the Iron Glen Project this month to:\n \n1. further delineate the extent of the magnetite and iron ore beds; \n2. determine the extent of polymetallic/base metal system in the surrounding area. \n \nThe Company has filed applications increasing it's holdings over an adjoining area of interest from the Sta...