Strateco Resources Reports Drilling Results from Matoush

Strateco Resources Inc. (TSX:RSC)(FRANKFURT:RF9)(OTCBB:SRSIF) has announced the results for the first four holes drilled in 2011 at Matoush.

Located between the MT-22 and MT-34 lenses, these holes are part of the first phase of the 30,000-metre drilling program planned for this year.

Hole MT-11-004, completed on March 3, 2011, intersected 0.28% eU₃O₈ over 8.1 metres, including 0.82% eU₃O₈ over 1.9 metres, at a vertical depth of 519 metres. Hole MT-11-002, whose pierce point lies about 60 metres from MT-11-004, intersected 0.09% eU₃O₈ over 6.1 metres, including 0.18% eU₃O₈ over 2.8 metres. Located between the MT-22 and MT-34 lenses, these two holes suggest either the presence of another lens or continuity of the MT-22 and MT-34 mineralization. The lateral distance between the MT-22 and MT-34 lenses is about 300 metres at a vertical depth of -500 metres.

Strateco will focus its drilling program on the area between the MT-22 and MT-34 lenses in the coming weeks in an effort to increase its mineral resource.

Guy Hébert, President and Chief Executive Officer of Strateco, said that: "One of the goals of the 30,000-metre drilling program for 2011 is to confirm and assess the potential of the large unexplored area between the MT-22 and MT-34 uranium-bearing lenses that we discovered in 2008. Hole MT-11-004 confirmed the presence of high uranium grades in this area, which lies within the sector covered by the underground exploration permit application and could eventually be mined using the same infrastructure as for the AM-15, MT-22 and MT-34 lenses."

Source: Strateco Resources Inc.