Stronghold Metals Inc.: Second Rig Ordered for Eagle Mountain Gold Project, Guyana Stronghold Metals Also Announces Plans to Increase its Technical Field Team in Guyana
Stronghold Metals Also Announces Plans to Increase its Technical Field Team in Guyana
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/09/11 -- 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.
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 release.
Contacts:
Stronghold Metals Inc.
Ioannis (Yannis) Tsitos
President, CEO & Director
1 604.806.0916
1 604.806.0956 (FAX)
www.strongholdmetals.com