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SRZ.TO

Started by cipisek, November 08, 2007, 03:58:36 AM

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cipisek

Strategic Resource Acquisition Corporation (SRA) is involved in exploring, developing and mining base material projects.SRA Corporation is focused on the development of the MTM zinc project in the State of Tennessee. The MTM mining and milling complex is located approximately 80 kilometers east of Nashville. The Company's wholly owned subsidiary, Mid-Tennessee Zinc Corporation (MTZ) holds Middle Tennessee Mines assets located at Gordonsville, Tennessee. As at June 30, 2007, the Company is not in production on any of its assets.


cipisek

from: http://www.marketwire.com/mw/release.do?id=793981

SRA Begins Commissioning Mill at Gordonsville
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Strategic Resource Acquisition Corporation ("SRA" or the "Company) (TSX:SRZ)(TSX:SRZ.NT) is pleased to report on restart progress at its Mid-Tennessee zinc mining complex (MTM).

Structural rehabilitation of the mill has been completed and all crushing and grinding circuits and process pumping have been installed. Systematic commissioning of the mill components has begun, commencing with the test running of motors, conveyors and water flows to pumps. Preliminary training for mill operations is underway on a one shift per day basis.

The Gordonsville mine, now totally dewatered, has been rehabilitated to the skip level and shaft bottom where rehabilitation of the crushers and production shaft is being completed. Blasting has begun in development headings and ore is being stockpiled underground in preparation for crushing and hoisting. All mining equipment required for production startup is now on site and training of mining crews is well underway. Development drifting and definition drilling are targeting 2008 production areas.

At the Cumberland mine, production and service shafts have been dewatered ahead of schedule. Foundations are being poured to enable shaft work to proceed. New controls are being installed and the equipment is all on-site to begin rehabilitation. The work deck is expected to be installed this month.

At the Elmwood mine, pumping is proceeding on schedule. As a result, pumping of the South Carthage area will commence soon. The tailings dam certification was obtained from the Safe Dams Division of the State of Tennessee.

As recently announced, agreements in principle have been entered into with three major smelters for the sale of a predominant portion of projected zinc production in the first five years. The Company expects to be producing its first concentrate in December.

SRA has also accomplished its near term goal of optimizing the valuable germanium and gallium by-products by retaining the bulk of the residue. It is currently evaluating recovery alternatives for the estimated annual contained 80-90 tonnes of germanium and gallium to be returned from the zinc smelting process enabling it to be a dominant producer of each metal in the world.

Today opinion: Support 3.1667, Resistance 4.0267, Pivot Point 3.5967