Thursday, December 02, 2010

Mining Stocks News; Lucky Strike (LKY - TSX Venture) Appoints Special Advisor for China Changyun Coal Project

Vancouver, British Columbia CANADA - December 2, 2010 (Investorideas.com Mining stocks newswire) - Lucky Strike Resources Ltd. (LKY - TSX Venture), is pleased to announce the appointment of Dr. Kai Yang, Ph.D., Geology as a special adviser to the Company. He will advise the Company on corporate and technical matters for the Guizhou Changyun Coal Project in China. Dr. Yang will review a work program to immediately drill the Changyun coal property to confirm the resources as recommended in the Independent Technical Review Report.
Dr. Yang, a member of the Australian Institute of Geoscientists (AIG), has more than 25 years of experience as a professional geologist with expertise on various types of mineral deposits in many parts of the world, including Australia, Chile, China and Indonesia.In his career, Kai Yang worked as a geologist for government geological surveys (China and Australia), research institute (Australia) and exploration and mining companies (China).His duties will include provision of technical advice on drilling, geological data analysis and integration, reporting on project progress, recruiting technical staff, project generation and assessment of new properties.
Dr. Yang is bilingually fluent in English and Chinese (Mandarin), and a Chinese expatriate currently residing in Australia. He has excellent interpersonal skills and great understanding of the Chinese culture, which will assist the Company in achieving its vision in playing a significant role in China's coal production growth.
About the Changyun Coal Project
Located within the Bijie coal fields, Guizhou Province, the Changyun coal mine covers an area of 2.0954 sq. km with valid mining permits for a 150,000 MTPY coal mining operation, which may be expanded to 300,000 - 500,000 MTPY. Local historical reports (non-compliant with NI43-101) state that coal seams within the mine area are highly altered and would produce a low ash, low to medium sulphur (average 0.23%), and low-volatile (7-8% volatile matter) product, with high gross calorific value that ranges from 6400 to 7200 Kcal/kg. The thermal grade coal is suitable for power plant use. A ready market for production exists with the nearby power plants and other end users within Guizhou province.
In addition to the mine, Changyun has recently been provided with preferential rights to explore and develop a 20 sq. km of highly prospective exploration land surrounding the mine.
About Lucky Strike:
Lucky Strike Resources Ltd. is a Canada-based exploration stage company. The Company is engaged in the process of exploring and/or developing coal properties in Guizhou province in China. The Company also has property in Yreka, British Columbia, Canada. The Changyun coal project is a former past producing mine and is located some 25 km northeast of Bijie City in Guizhou province, approximately two hours north by air from Hong Kong. The permitted mine covers a total area of 2.0954 sq. km and is surrounded by approximately 20 sq. km of highly prospective exploration area, where available geological data supports the potential presence of significant coal resources of high quality Anthracite coal within the area. The local area has well established infrastructure for the Changyun project to resume production and coal buyers to pick up coal FOB at the mine site.
On behalf of Management
Lucky Strike Resources Ltd.
"Dodge Li"
Dodge Li, CEO & Director
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
Lucky Strike Resources Ltd.
Suite 860 - 605
Robson Street,
Vancouver, British Columbia,
Canada V6B 5J3
Tel: (778) 238-8199
Fax: (604) 669-6180
www.luckystrikeresources.com
Source: Lucky Strike Resources Ltd. (LKY TSX-V)
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