Strzelecki Receives Exploration Concession from Poland

11 January 2011 (Last Updated January 11th, 2011 18:30)

The Government of Poland has granted a six-year exploration concession to Strzelecki Metals’ Polish subsidiary, Slasko Krakowska Kompania Górnictwa Metali. The concession, comprising two separate areas totalling 309 million square meters, is located near Ilowa (Field A) and Boleslawiec

The Government of Poland has granted a six-year exploration concession to Strzelecki Metals’ Polish subsidiary, Slasko Krakowska Kompania Górnictwa Metali.

The concession, comprising two separate areas totalling 309 million square meters, is located near Ilowa (Field A) and Boleslawiec (Field B) in the Kupferschiefer copper basin of Poland.

The basin is known to have one of the highest potentials for copper exploration in the world, according to Strzelecki.

Under the concession terms, the company will start drilling within one year of the granting date.

Strzelecki plans to drill seven exploration holes within the Boleslawiec-Ilowa licence for testing potential extension of copper mineralisation.