Strategic Resource Acquisition Corp.

Published : April 09th, 2008

Announces First Zinc Concentrate Delivery

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PRESS RELEASE

 

 

4SRA

TSX: SRZ        (Cmn Shs)

          SRZ.NT       (Notes)

          SRZ.NT.A  (Notes)

SRAC - Name only - colour

Suite 401, One University Avenue

Toronto, Ontario M5J 2P1

                                                                        (416) 861-0430

                                                   www.sra-corporation.com

 

 

 

 

 

SRA Announces First Zinc Concentrate Delivery

 

Toronto, Ontario.   April 9, 2008 – Strategic Resource Acquisition Corporation (“SRA” or the “Company”) is pleased to announce that it has commenced regular deliveries of zinc concentrate from its Gordonsville mining complex.   

 

Trucking of the first zinc concentrate shipment of 1,000 dry metric tonnes averaging a grade of over 60% began yesterday to Nyrstar’s smelter in Clarksville about 100 miles away.  Concentrate production at Gordonsville began in mid-March following commissioning of the mill earlier in the month.  For April, shipments of zinc concentrate are expected to exceed 6,000 tonnes

 

“To see first concentrate approach our target grade of 64.5% is encouraging,” commented Victor Wyprysky, President & CEO of SRA. “With regular deliveries of concentrate now underway at Gordonsville and a corresponding measure of start-up risk behind us, we can look towards further ramping up of production and continuing with our scheduled plans for the mining complex”.

 

Production at the Gordonsville mine is expected to reach 5,000 tons per day by June 2008.  Combined with the Cumberland and Elmwood mines, production from the Mid-Tennessee mining complex is anticipated to reach 7,500 tons per day by fall of this year.

 

About SRA

SRA Corporation is focused on the development of the Mid-Tennessee zinc mining complex (MTM) in the State of Tennessee. The MTM is located approximately 50 miles east of Nashville with excellent infrastructure including roads, water, power, major airport and access to a well-trained workforce. MTM will produce one of the highest quality zinc concentrates in the world and efforts are underway to establish recovery methods for the valuable germanium and gallium contained in the concentrate. Once in full production, the Gordonsville Complex at MTM is expected to be the largest zinc producer and domestic source of germanium and gallium in the continental USA. 

The Company also plans to explore and develop additional properties and redeploy cash flow to pursue a strategy of accretive acquisitions.

 

For further information, please email info@sra-corporation.com or contact:

Victor P. Wyprysky                                                     Ian M. MacNeily

President and Chief Executive Officer                       Executive VP and Chief Financial Officer

Tel:  (416) 861-0430 ext. 1833                                    Tel:  (416) 861-0430 ext. 1422

Email:  victor.wyprysky@sra-corporation.com           Email:  ian.macneily@sra-corporation.com

 

Donna Yoshimatsu

VP Investor Relations & Communications

Tel:  (416) 861-0430 ext. 1003

Email: donna.yoshimatsu@sra-corporation.com

 

Strategic Resource Acquisition Corp.

CODE : SRZ.TO
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SRA is a zinc development stage company based in Canada.

SRA holds various exploration projects in USA.

Its main exploration property is GORDONSVILLE in USA.

SRA is listed in Canada. Its market capitalisation is CA$ 195 530 as of today (US$ 150 617, € 108 188).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 6.88, and its lowest recent point on December 19, 2008 at CA$ 0.01.

SRA has 39 106 000 shares outstanding.

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Nominations of Strategic Resource Acquisition Corp.
6/2/2008Announces Appointment of John C. McConnell as Chief Operatin...
3/18/2008Announces Board Appointment
Financials of Strategic Resource Acquisition Corp.
8/14/2008reports third quarter 2008 results
Project news of Strategic Resource Acquisition Corp.
7/22/2008announces robust scoping study on Germanium and Gallium
6/26/2008(Gordonsville)achieves 3,000 tpd in Gordonsville ramp up
4/18/2008(Middle Tennessee Mines)Announces Unit Offering and Bridge Debt financing for its Mi...
Corporate news of Strategic Resource Acquisition Corp.
12/11/2008Care and Maintenance Update
11/20/2008TSX to Delist SRA
10/1/2008Senior Debt Restructuring Efforts Underway
9/17/2008Director W. Shaver Resigns to Join DMC Mining Services Divis...
8/28/2008Engages Advisors for Strategic Review
6/5/2008enters into agreement to sell balance of Ge/Ga Leachate
5/21/2008enters into agreement to sell Germanium and Gallium in leach...
5/9/2008Announces Closing of Unit Offering
4/9/2008 Announces First Zinc Concentrate Delivery
3/13/2008 Power Breakfast Interview on BNN TV featuring Victor Wyprys...
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