Strategic Mining Corp. (OTC:SMNG) is up over 30% today after the company released news after market yesterday. Late yesterday, Strategic Mining Corp. announced it has conducted successful metallurgical tests on its Vietnam property.
These test samples were collected by independent geologist Robert Marvin and then sent to Richard Hunter for analysis. Hunter had this to say about the samples, “The sulphide flotation concentrate of the most recent test recovered 74.6% of the gold contained in the sample in a 5.16% wt% concentrate assaying 5.202 troy ounces gold per ton (178.35 grams gold per tonne). The calculated head from the test was 0.359 troy ounces gold per ton (12.32 grams gold per tonne). This was in good correlation with the assayed value of 0.387 troy ounces gold per ton (13.27 grams gold per tonne). The test confirmed that a high grade concentration with good recovery can be achieved on mineralized material from the Nat Son project.”
While preparing his property evaluation report, Marvin reported, “the mapped characteristics of the property are typical of many productive gold districts worldwide. Examples of geologically similar, productive gold deposits in Asia include the world-class Natalka deposit in Russia Far East (over 20,000,000 ounces gold), the Maoling deposit in China (800,000 ounces gold), and the Kolpatas and Daugyz gold deposits in Uzbekistan (gold resources in excess of 1,000,000 ounces).”
Shares of Strategic Mining Corp. (OTC:SMNG) are currently trading at $0.0390 with an intraday high of $0.0530. SMNG has traded over 6 million shares so far today.
After you get your fill of penny stocks be sure to check out active-investor.com. Recently launched, Active Investor is the new go to hub for all things big board related. Covering the latest in the stock market today, Active Investor is quickly becoming the premiere destination for coverage of the NYSE, NASDAQ, and related big board exchanges.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Classroom is not liable for any losses you may incur.
