Strategic Resources Files Mustavaara Technical Report NR: 20-9
Strategic Resources Files Mustavaara Technical
Report
NR: 20-9
VANCOUVER, BC,
Oct. 21, 2020
/CNW/ -
Strategic Resources Inc.
(TSXV: SR)
(the "Company" or
"Strategic") is pleased to announce that the Company has filed an independent technical report (the "Report")
prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-
101") supporting the mineral resource estimate for its Mustavaara vanadium-iron-titanium project located in
Finland
(the "Project") on SEDAR. The results of the mineral resource estimate were previously reported in the
Company's news release dated
September 14, 2020
and there are no material differences in the Report from
those results. The effective date of the Report is
September 14, 2020
.
Strategic has commissioned Afry Finland Oy to begin work on a Preliminary Economic Assessment for the
Project that is expected to be completed in the first half of 2021.
Mineral Resource Estimate Highlights:
64.0 million tonnes of measured mineral resource with an average grade of 15.41% magnetite and 0.91%
vanadium in concentrate.
39.7 million tonnes of indicated mineral resource with an average grade of 15.27% magnetite and 0.88%
vanadium in concentrate.
42.2 million tonnes of inferred mineral resource with an average grade of 15.11% magnetite and 0.92%
vanadium in concentrate.
The full Report dated
October 21, 2020
and entitled "NI 43-101 Technical Report on the Mustavaara Vanadium
project,
Finland
" can be found on the Company's website at this
link
and on SEDAR under the Company's issuer
profile at
www.sedar.com
.
Qualified Persons
Leo Hathaway
, P.Geo, Vice President and the Qualified Person as defined by NI 43-101 for the Mustavaara
Project has reviewed, verified and approved the contents of this news release as they relate to the ongoing
exploration and development program at the Mustavaara Project.
About Strategic Resources
Strategic Resources Inc. (TSXV:SR) is a
Vancouver, Canada
based mineral exploration and development
company that is focused on vanadium projects in
Finland
and
Peru
. The Company continues to evaluate new
opportunities that are related to the electrification of the economy.
Further details are available on the Company's website at
https://strategic-res.com/
.
To follow future news releases, please sign up at
https://strategic-res.com/contact/
STRATEGIC RESOURCES INC.
Signed:
"Scott Hicks"
Scott Hicks
,
CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-
looking statements and forward-looking information within the meaning of applicable securities laws. Such
forward-looking statements or information include but are not limited to statements or information with respect
to the timing for completion of a Preliminary Economic Assessment. Often, but not always, forward-looking
statements or information can be identified by the use of words such as "will", "may" and "plans" or variations
of those words and phrases or statements that certain actions, events or results "will" be taken, occur or be
achieved.
View original content:
http://www.prnewswire.com/news-releases/strategic-resources-files-mustavaara-technical-report-301157428.html
SOURCE
Strategic Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/October2020/21/c0200.html
%SEDAR: 00021914E
For further information:
Scott Hicks, [email protected], T: +1 604 646 1890
CO: Strategic Resources Inc.
CNW 17:41e 21-OCT-20