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DEVELOPING NEW AND EXCITING STRATEGIC MINERAL PROJECTS TO HELP MEET AMERICA'S FUTURE NEEDS

The global economy is facing an unprecedented confluence of events that stands to re-shape the way people think and do business. The developed nations and the emerging nations are no longer on a path of divergence. In fact, the world is on a trajectory of convergence. China, India and many South American nations are now transforming rapidly into middle class, consumer oriented societies. As this process of convergence gains momentum, the resulting demand for commodity resources will remain robust.

A case in point are the Rare Elements ( REEs) which comprise periodic table elements 57 through 71 along with Zircon and Yttrium. The particular configuration of electrons orbiting the nucleus of these REEs makes for powerful magnetic properties. Hence, the global magnet industry relies entirely on REEs. As the process of global convergence continues, the need to control greenhouse gas emissions will proceed in lock-step. Strategies to control such emissions are now evident in the form of solar energy solutions, hybrid cars and wind turbines. These latter two strategies depend on the use of REE magnets. And therein lies both problem and opportunity. China currently sits on 48% of the world's known REE reserves from which comes something like 95% of global production. Global dependence on one single nation for supply of critical materials is a recipe fraught with trouble. Already China has displayed a willingness to tamper with REE exports in response to political disputes. The opportunity in this overall scenario then becomes one of identifying new deposits of REE in close proximity to North American markets to reduce reliance on China.

With this opportunity in mind, in 2009 Strategic Resources opted to focus its exploration efforts in the State of New Mexico. In fact, in 1915 the US Geological Society identified a trend of alkalic rocks extending from Alaska to Mexico. This trend of alkalic rock runs right through the State of New Mexico. A more comprehensive look at this alkalic trend also shows that it hosts many of the Rare Earth projects in places like Alaska, British Columbia, Wyoming and California that investors are familiar with.

New Mexico Rare Earth & Strategic Mineral Exploration

Strategic's main project is located in the Gallinas Mountains of Lincoln County in the central part of New Mexico. This area has been the subject of volcanic intrusive activity over geologic time which has resulted in mineralization that contains Fluorite along with various Rare Earth elements. The most attractive parts of the Gallinas Mountains are those areas where intrusive breccia pipes have formed. Following brecciation, post-magmatic fenite fluids came to surface. This fenitization is important in that it strongly implies the presence of a body of rare-earth-bearing carbonatite at depth. In fact, in 1993 the US Bureau of Mines penned a report in which it stated "fenitization is one of the most characteristic features associated with carbonatites". This report went on to state that sizeable rare earth projects in places like Quebec, the former USSR, Africa and India are all associated with fenitization. A small preliminary drilling program was carried out in Q2, 2011 to assess the geology adjacent to some fault zones. Future drilling in Q1 of 2012 will focus specifically on the brecciated pipe areas.

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