Standard & Poor's Initiates Factual Stock Report Coverage on Stronghold Metals, Inc.
Standard & Poor′s announced today that it has commenced Factual
Stock Report coverage on Stronghold Metals, Inc.
Stronghold Metals Inc. (TXV:Z; OTCQX:SDMTF) , in the exploration stage
as of May 31, 2011, engages in the acquisition, exploration and
development of mineral properties, primarily in South America. The
company's two main projects are the Eagle Mountain Gold Project in
Guyana and the Tucuma Project in Brazil. In August 2011, Stronghold
entered into a letter of intent to sell the Tucuma Project to Kensington
Court Ventures Inc.
The Eagle Mountain Project comprises an area of approximately 5,050
hectares (12,480 acres) in central Guyana, 200 kilometers southwest of
the capital, Georgetown, and 45 kilometers from the historic Omai Gold
Mine. In September 2010, Stronghold entered into an earn-in and joint
venture agreement with a subsidiary of IAMGOLD Corporation, under which
the company has been granted the right to acquire in stages up to 95%
interest in the property.
The company's primary focus has been the accelerated development of the
advanced exploration stage Eagle Mountain Gold Project. In November
2010, Stronghold filed an NI 43-101 reporting an inferred mineral
resource of 18 million tonnes at 1.27 grams per tonne (g/t) gold,
containing 733,500 ounces of gold (using a 0.5 g/t gold cut-off grade).
More than 250,000 ounces of contained gold in this inferred mineral
resource is hosted by oxide material (saprolite). The company reported
in August 2011 that the project was on track to produce a preliminary
economic assessment report or scoping study.
On March 23, 2011, the company announced a 15,000-meter drilling
program. The program started in mid-April 2011 and was expected to take
six to eight months to complete. The primary focus of the 2011 drilling
program at Eagle Mountain has been to enhance the NI 43-101 compliant
mineral resource with both exploration drilling to extend the mineral
resource zone and definition drilling to increase the resource within
that previously defined zone.
S&P
Factual Stock Report coverage on Stronghold Metals, Inc. will also
be accessible on an ongoing basis to the investment community by scores
of buy-side institutions and sell-side firms that utilize S&P research
and information platforms daily. Millions of self-directed investors
also have access to the report via their e-brokerage accounts. Please
visit www.strongholdmetals.com
for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poor′s service provides factual research coverage
enabling information about Stronghold Metals, Inc. and other
securities to reach a wide investor audience of Buy and Sell-side
investors, helping them understand a company′s fundamentals and business
prospects. Currently profiling over 500 issuers, S&P Factual Stock
Reports increase market awareness for issuers in the investment
community with insightful commentary and key statistics/information.
Updated weekly with the latest pricing, trading volume, and other data,
the reports include recent developments, a financial review, key
operating information, Industry and peer comparisons, institutional
holdings analysis, Street Consensus and opinions, performance charts,
business summary, fundamental data, and news. Because coverage of these
reports is sponsored by the issuer, S&P does not offer investment
opinions concerning the advisability of investing in these stocks.
Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor′s. Standard & Poor′s Factual
Report research has no access to non-public information received by
other units of Standard & Poor′s. Standard & Poor′s does not trade on
its own account.
Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P′s STARS research) are eligible to obtain
this coverage.
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Stronghold Metals, Inc.:
George Heras, 604-806-0916
gdh@strongholdmetals.com
or
Standard
& Poor's:
Customer Contact:
Richard Albanese,
212-438-3647
richard_albanese@standardandpoors.com
or
Media
Relations:
Michael Privitera, 212-438-6679
michael_privitera@standardandpoors.com
