Star Mountain Resources, Inc. (OTC: SMRS), a junior
exploration and mining company, acquires and consolidates mining claims,
mineral leases, producing mines and historic mines in the U.S. Through its
minerals exploration efforts, the Tempe, Arizona-based company identifies
claims, leases and mines with future growth and production promise.
Star Mountain explores for gold, silver, copper, lead, zinc,
silica and zircon deposits. Its active operations are fixed on base metal and
precious metal mining acquisitions in North America. Originally incorporated in
September 2009, the company was renamed Star Mountain Resources in December
2014 to better reflect its focus on its holdings in the Star Mountain mining
district of southern Utah. Around the same time, management made a strategic
decision to pursue the acquisition of developed mining assets with a clear path
to early production.
With its acquired mineral resources in Beaver County, Utah,
and West Ogden, Utah, the company means to focus on the initiation, production
and expansion of these resources in order to turn them into producing assets.
It is also in the process of re-commencing its mining activities in the Balmat
mining district in upstate New York.
In the Star Mountain Mining District in Beaver County,
approximately five miles west of Milford, Utah, the company holds interests in
the Chopar project, which consists of 116 lode-mining claims and four
metalliferous mineral lease sections covering an estimated 3,730 acres. The
Star Mountain project involves a total area of 2,320 acres and the company has
already conducted a geological analysis, magnetometry studies and a limited
reverse circulation and core drilling exploration program on it.
In West Ogden, Utah, the company’s attentions are in the
Ogden Bay Minerals project, and in the Balmat mining district of St. Lawrence
County, New York, the company holds interests in the Balmat Zinc Mine. The
company gained title to the Balmat zinc mine in November 2015 when it acquired
Northern Zinc, a private company, and closed on the acquisition of the Balmat
Holding Corporation from Hudbay Minerals. This three-way transaction brought
the company a high quality mining asset and added seasoned, experienced mining
professionals to its existing board of directors and senior management.
For more information, visit www.starmountainresources.com
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