The Strategic Mining Corporation (Pink Sheets: SMNG) announced today that its Siguiri gold concession located in Guinea, West Africa, has been classified a "Property of Merit" by the NI-43101 geological report also known as the Competent Person's report (CPR). The Birimian trend (West Africa) is currently the base for the fastest growing gold production and exploration area in the world.
Geological consultant, Hendrik Veldhuyzen (BSc,MSc), was retained to examine the Siguiri concession in northwest Guinea to provide a report on its mineral potential and to discuss further exploration potential. He concluded in his report that the property has merit and potential for mineable gold and should be explored in detail. The Siguiri basin is the base for several gold mines that include Anglo-Ashanti, SEMAFO, and Lero.
The report was prepared to the standards and headings of Canadian National Instrument 43-101 and is intended to facilitate technical and economic aspects of the project, including attracting venture partners and/or fund raising. Mr. Veldhuyzen has written numerous reports and is responsible for the contents of the Siguiri report as an independent "Qualified Person" in accordance with NI 43-101 standards of disclosure for mineral projects.
Mr. Veldhuyzen is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Newfoundland and L'Ordre Des Geologues Du Quebec. He has had over 30 years of full time international field work with a variety of worldwide mining corporations.
Disclosure: long smng