Strategic Nevada Resources Corp.

Strategic Nevada Resources Corp.

January 03, 2007 12:55 ET

Strategic Nevada Resources Concludes Crescent Silver Mine Purchase

WALLACE, IDAHO--(CCNMatthews - Jan. 3, 2007) - Mr. David Greenway VP of Corporate Development reports:

Strategic Nevada Resources Corp. (TSX VENTURE:SNS) is pleased to announce the completion of its $650,000 purchase of 100% of the Crescent Silver Mine in the famed Coeur d'Alene Mining District at 12 noon January 2nd 2007.

The historic Crescent Silver Mine, once part of the Bunker Hill silver-mining and metallurgical complex, produced 25 million ounces of silver from its discovery in 1917 to its closure in 1982 at an average grade of 27.3 ounces per ton, among the highest-grade silver mines in the district. The Crescent is flanked by the Bunker Hill Mine to the west and the Sunshine Mine immediately to the east. These two mines have produced over 500 million ounces of silver. The Crescent sits at the epicenter of these two mines, in the heart of the Silver Belt, which has produced over 1.1 billion ounces of silver in the past 100 years.

Mr. Neil Linder President of the Company stated, "We have moved quickly to assemble one of the most competent and knowledgeable staff and board of directors in the district, and now we will intensify our efforts to identify and quantify high-grade silver ore zones in the mine's upper country," Linder continued. "With Brian White aboard as our staff geologist, one of the Silver valley's most innovative and respected geologists, and long-time Hecla mine manager, vice-president of operations and President of Hecla's Venezuelan subsidiaries, Tom Fudge and Dr. Ishuing Wu, formerly U.S. Exploration Manager for Chevron Resources, Exxon Minerals, Kennecott Exploration, Great Wall Gold Corp., and General Minerals Corp. joining our board of directors, we feel we have some of the best and brightest people working to return the Crescent Mine to its rightful place, as one of North America's top primary silver mines."
A finder's fee will be paid to the maximum under TSXV regulations in shares based on the purchase price of the Crescent Mine.

On Behalf Of the Board of Directors

Neil Linder, President

Summary Info:

On January 2, 2006, the Company announced it had purchased 100% of the Crescent Mine in the Coeur d'Alene mining district for $650,000 USD.

The Crescent Mine is a historic high-grade silver producer. From 1917-1982 the property produced 25 million ounces of Silver at an average grade of 27.3 ounces per ton. Prior to its last shut down in the 80's, previous operators of the Crescent Mine reported over 9 million ounces of silver resources at an average grade of 18 ounces per ton.

The property lies between two world-class Silver producers. The Sunshine mine which has produced more than 300 million ounces of Silver and the Bunker Hill mine, which has produced over 150 million ounces of Silver. The Coeur d'Alene district is the only known mining district in North America to have produced over 1 billion ounces of silver.

Strategic Nevada Resources (SNS) trades on the TSX-V under the symbol SNS The Company has approximately 15 million shares outstanding and cash on deposit of $1.2 Million.

All resource estimates quoted herein are based on data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to independently verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as National Instrument 43-101 defined resources verified by a qualified person. The historical estimates should not be relied upon. The Crescent Mine will require considerable further evaluation, which the Company's management and consultants are in the process of completing.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

Contact Information