Stronghold Metals Inc.: Second Rig Ordered for Eagle Mountain Gold Project, Guyana
June 09 2011 - 9:54AM
Marketwired Canada
Stronghold Metals Inc. ("Stronghold" or the "Company") (TSX VENTURE:Z) - The
Company is pleased to announce that its previously announced drilling program at
Eagle Mountain is progressing on schedule with the completion of the 15th
planned hole and 2,121 meters to date. The program calls for a minimum of 15,000
meters of drilling to be completed, and according to current progress, a new
hole is drilled approximately every two days.
Based on the visual assessment of the core samples from those holes, a second
drilling rig has been ordered to accelerate the program. In addition, the
management of the Company has decided to increase its technical field team in
Guyana with at least one more geologist and the necessary support staff.
Analytical results from the first series of holes are expected in the coming
weeks.
"We are very pleased that the visual results of the drilling program are now
verifying the expected lithologies and mineralisation at Eagle Mountain," states
Mr. Ioannis Tsitos, Stronghold's President & CEO. "As a result, we are moving
more aggressively to quantify the continuity, size and quality of the Eagle
Mountain gold deposit."
On behalf of The Board of Directors of Stronghold Metals Inc.
Ioannis (Yannis) Tsitos, President, CEO & Director
This document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the corporations control
which may cause actual results, performance or achievements of the corporation's
to be materially different from the results, performance or expectation implied
by these forward looking statements.
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