PRESS RELEASE
TSX: SRZ
(Cmn Shs)
SRZ.NT (Notes)
SRZ.NT.A (Notes)
|
Suite 401, One University Avenue
Toronto, Ontario
M5J 2P1
(416)
861-0430
www.sra-corporation.com
|
SRA Announces First Zinc
Concentrate Delivery
Toronto, Ontario. April 9, 2008 –
Strategic Resource Acquisition Corporation (“SRA” or the
“Company”) is pleased to announce that
it has commenced regular deliveries of zinc concentrate from its Gordonsville
mining complex.
Trucking of the first zinc concentrate shipment of 1,000 dry metric tonnes averaging a grade of
over 60% began yesterday to Nyrstar’s smelter in Clarksville about 100
miles away. Concentrate production at Gordonsville began in mid-March
following commissioning of the mill earlier in the month. For April,
shipments of zinc concentrate are expected to exceed 6,000 tonnes.
“To see first concentrate approach our target grade of 64.5% is
encouraging,” commented Victor Wyprysky,
President & CEO of SRA. “With regular deliveries of concentrate now
underway at Gordonsville and a corresponding measure of start-up risk behind
us, we can look towards further ramping up of production and continuing with
our scheduled plans for the mining complex”.
Production at the Gordonsville mine is expected to reach 5,000 tons per
day by June 2008. Combined with the Cumberland
and Elmwood mines, production from the Mid-Tennessee mining complex is
anticipated to reach 7,500 tons per day by fall of this year.
About SRA
SRA Corporation is focused
on the development of the Mid-Tennessee zinc mining complex (MTM) in the State
of Tennessee.
The MTM is located approximately 50 miles east of Nashville with excellent infrastructure
including roads, water, power, major airport and access to a well-trained
workforce. MTM will produce one of the highest quality zinc concentrates in the
world and efforts are underway to establish recovery methods for the valuable
germanium and gallium contained in the concentrate. Once in full production, the Gordonsville Complex at MTM is
expected to be the largest zinc producer and domestic source
of germanium and gallium in the continental USA.
The Company also plans to explore
and develop additional properties and redeploy cash flow to pursue a strategy
of accretive acquisitions.
For further
information, please email info@sra-corporation.com
or contact:
Victor P. Wyprysky
Ian M. MacNeily
President and Chief
Executive Officer
Executive VP and Chief Financial Officer
Tel: (416) 861-0430
ext.
1833
Tel: (416) 861-0430 ext. 1422
Email: victor.wyprysky@sra-corporation.com
Email: ian.macneily@sra-corporation.com
Donna Yoshimatsu
VP Investor Relations & Communications
Tel: (416) 861-0430 ext. 1003
Email: donna.yoshimatsu@sra-corporation.com