X

Strongbow Resources, Inc. (STBR.OB) is “One to Watch”

Strongbow Resources, Inc. is a uranium exploration-stage company, focusing on the acquisition, exploration, and development of mineral properties in Australia. Founded in 2004, they trade on the OTCBB. The company started out as Plush Mall, Inc. but changed their focus to mineral properties and hence changed their name. The company’s corporate headquarters are in Vancouver, British Columbia.

The company’s goal is to seek additional mineral properties in Australia. They plan to identify, negotiate, and rely upon third party farm-ins and other joint venture partners to assist in the exploration and development of current and future properties. On April 9, 2008, the company appointed Darren Hayes to the position of President, and Chief Executive Officer. Mr. Hayes has served as a director of the company since March 24, 2008. Also on April 9, 2008, they appointed Herbert Schmidt to the position of Secretary/Treasurer. Mr. Schmidt has served as a director and Chief Financial Officer of the company since October 22, 2007.

On July 7, 2008, Strongbow Resources, Inc., through CEO Darren Hayes, announced that they have entered into a Memorandum of Understanding with Holloman Minerals, Ltd. of Perth, Australia to farm-in up to 98 percent of seven exploration license areas in the Frome Embayment near Lake Callabonna in South Australia. This is an area of approximately 3,792 square kilometers or 937,000 acres. It is known as the Cameron’s Corner Palaeochannel Project (CCP Project).

Strongbow Resources, Inc.’s initial focus will be to explore the CCP project area by stages. The first stage will be an airborne electromagnetic survey to map channels and structure throughout the region with infill in the areas where channels or structure are indicated from previous work. With results from this airborne survey and interpretation of existing data, the company expects to target favorable structural belts and channels for follow-up drilling.

Let us hear your thoughts: Strongbow Resources, Inc. Message Board

Related Post