Strategic Mining Corp. Acquires Nat Son Gold Mine in Northern Vietnam

Strategic Mining Corp. Acquires Nat Son Gold Mine in Northern Vietnam

Strategic Mining Corporation announced it has acquired 51 percent of the Nat Son gold property in northern Vietnam from its joint venture partner Ba Dinh Minerals JSC, a Vietnamese mining company.

Under the terms of the agreement, Strategic Mining has the option to increase its ownership to as much as 90 percent, the maximum foreign ownership level allowed under Vietnamese law. The company intends to move ahead immediately with exploration and development.

“We’re thrilled to have completed the acquisition of Nat Son, which we believe represents a great opportunity for our shareholders,” said Strategic Mining President Todd Sterck. “This property was extensively explored by French miners, who initiated small-scale gold mining before being expelled from the country in the mid-1950s. It has lain dormant ever since, and now we have the opportunity to resume mining operations with the advantages of modern mechanization and advanced ore-processing methods.”

Nat Son is located in Hoa Binh province, about 50 kilometers south west of Hanoi in the center of the gold-rich Kim Boi deposit.

Prior to completing the acquisition, Strategic Mining commissioned a detailed geological report of the Nat Son property by consulting geologist Bob Marvin. Four zones of gold mineralization were identified, and 140 rock-chip samples were collected and tested over a strike length of four kilometres. Based on the positive results of the field study, the geologist recommended a drill program for 13 core holes to help determine the gold potential of the property.

Additionally, the company has received assay reports from three independent labs, a geochemical survey and a NI 43-101 report that indicated Nat Son was a “Property of Merit.”

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