Standard & Poor's Initiates Factual Stock Report Coverage on Stronghold Metals, Inc.
NEW YORK–(BUSINESS WIRE)– 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.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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Contact:
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
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