Strateco Resources Inc.

Published : July 27th, 2009

Intersects 0=2E99% eU3O8 Over 30=2E6 Metres Including 5=2E98% eU3O8 Over 4=2E

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STRATECO RESOURCES INC.

TSX:

RSC

 

 

FRANKFURT:

RF9

 

 

OTC Bulletin Board:

SRSIF

 

 

 

 

Other Recent News

 

July 27, 2009

Strateco Intersects 0.99% eU3O8 Over 30.6 Metres Including 5.98% eU3O8 Over 4.5 Metres on Matoush Property

MONTREAL, QUEBEC--(Marketwire - July 27, 2009) - Strateco Resources Inc. (TSX:RSC)(FRANKFURT:RF9)(OTCBB:SRSIF) ("Strateco") is pleased to announce a new uranium high grade intersection in the extension of the MT-34 lens.

In fact, hole MT-09-022 has intersected 0.99% eU3O8 over 30.6 metres including 5.98% eU3O8 over 4.5 metres.

This drillhole, with a pierce point located on section 34+85S at a vertical depth of 456 metres in the extension on the MT-34 lens, is one of the best holes drilled to date by Strateco on its wholly-owned Matoush property.

The MT-09-022 results are even more exciting since the pierce point is located outside of the resources estimated by Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") published in September 2008.

Another drillhole is planned at the same elevation, 50 metres south of MT-09-022, to fill in the gap between holes MT-09-022 and MT-08-062 located 100 metres apart.

The true width of the mineralized sections has not yet been determined.

Location of pierce point of hole MT-09-022 can be seen on the MT-34 longitudinal section available on the company's website at
www.stratecoinc.com.

As indicated in the press release dated July 8th, 2009, Scott Wilson RPA was mandated to realize a new resource estimate on the MT-34 zone. The complete report of this resource estimation should be available at the end of August 2009.

Since the drilling program began in February 2009, 20,000 metres of the planned 30,000 metres of exploration drilling in 2009 have been completed.

Strateco plans to carry out 60,000 metres of surface drilling per year in 2010 and 2011, in parallel with underground exploration work. The results of the surface drilling program should allow the maximum capacity of the Matoush ore processing plant to be established.

In 2010, Strateco plans to begin the environmental studies required for mill and tailings pond construction. These studies are required to obtain a mine construction permit.

Strateco is eligible for exploration tax credits equal to approximately 50% of surface exploration expenses until such time as it achieves commercial producer status.

This news release has been approved by Jean-Pierre Lachance, Geo, Executive Vice President of Strateco Resources Inc. which is the qualified person as defined in National Instrument 43-101.

This news release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia, Ontario and Quebec and in the 10-K annual report filed with the US Securities and Exchange Commission.

CAUTIONARY NOTE TO U.S. INVESTORS -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.

 

CONTACT INFORMATION:

STRATECO RESOURCES INC.
Guy Hebert
President and Chief Executive Officer
450-641-0775 or 1-866-774-7722
Fax: 450-641-1601
ghebert@bbhgm.com

or

STRATECO RESOURCES INC.
Jean-Pierre Lachance
Executive Vice President
450-641-0775 or 1-866-774-7722
Fax: 450-641-1601
jplachance@bbhgm.com

or

STRATECO RESOURCES INC.
Audrey V�zina Angus
Investor Relations
450-641-0775 or 1-866-774-7722
Fax: 450-641-1601
avezina@bbhgm.com
www.stratecoinc.com

INDUSTRY: Manufacturing and Production - Mining and Metals

 

 

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Strateco Resources Inc.

EXPLORATION STAGE
CODE : RSC.TO
ISIN : CA86269M1068
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Strateco Res. is a copper and lead exploration company based in Canada.

Strateco Res. holds various exploration projects in Canada.

Its main exploration properties are QUENONISCA, MISTASSINI, MONT-LAURIER, ECLAT, PACIFIC BAY, MATOUSH and APPLE in Canada.

Strateco Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 10.5 millions as of today (US$ 8.6 millions, € 7.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.00, and its lowest recent point on October 31, 2014 at CA$ 0.02.

Strateco Res. has 234 170 000 shares outstanding.

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2008 Annual report
2007 Annual report
2006 Annual report
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3/23/2010Appointment of a New Director
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4/10/2012(Matoush)CNSC Staff Recommend a Five-Year Licence for the Matoush Ura...
2/17/2012(Matoush)Inc=2E: The Updated Technical Report for the Matoush Uranium...
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12/1/2009(Matoush)Ambitious Drilling Program on Matoush
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9/17/2009(Matoush)Significant Increase in Indicated Resources and Grade at Mat...
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9/23/2013The MDDEFP Minister Has All the Elements he Needs to Authori...
8/1/2013The Court Rules on the Safeguard Order Sought by Strateco
6/25/2013Inc=2E: The Minister Will No Longer Wait for the Conclusions...
5/15/2013Strateco: $87 Million Impairment Charge from the MDDEFP Mini...
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4/22/2013Strateco Serves Government With Formal Notice
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3/28/2013Denounces the Government of Quebec's Decision
3/21/2013Restricts Its Petition to the Motion for Mandamus
2/19/2013Court Agrees to Strateco's Request for Special Case Manageme...
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2/8/2013Requests Special Case Management of its Motion for Mandamus ...
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8/10/2012Acknowledges Cree Grand Council's Resolution and Intends to ...
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5/29/20122012 Drilling Program Yields More Excellent Results
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2/29/2012Strateco Closes Two Private Placements
1/4/2012(Matoush)Inc=2E: Resource at the Matoush Uranium Project Rises Signif...
1/3/2012Strateco Announces a CA $3,000,000 Bridge Loan with SIDEX
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1/3/2012Announces a CA $3,000,000 Bridge Loan with SIDEX
11/29/2011(Pacific Bay)Exercises Its Option and Acquires 60% of the Pacific Bay-Mat...
8/2/2011Strateco's Matoush Uranium Project: The Canadian Nuclear Saf...
8/2/2011Strateco's Matoush Uranium Project: The Canadian Nuclear Saf...
8/2/2011Strateco's Matoush Uranium Project: The Federal Review Panel...
6/23/2011Closes a CA$3.5 Million Financing
3/15/2011Files Form 15F to Terminate Its Reporting Obligations in the...
5/28/2010Has Held Its 2010 Annual Meeting
12/8/2009Closes C$2.5 Million Financing
6/12/2009Nomination of a New Chief Financial Officer
6/1/2009Drilling Resumes on Matoush
2/17/2009Invitation
11/11/2008Retains Financial Advisor
10/1/2008 Closes C$8.0 Million Financing
11/26/2007ENTERS INTO AN AGREEMENT TO EARN 60% OF MAJESCOR'S MISTASSIN...
6/5/2007Graduation on TSX
3/22/2007ADOPTS A SHAREHOLDER RIGHTS PLAN
2/20/2007Matoush continues to deliver
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