Strategic Minerals Corporation NL announced the initial results of three reverse circulation (RC) drill holes at the Big Vein South (BVS) deposit. Significant results from the three holes include: LR0339 - 14 metres at 1.62 g/t gold from 145 to 159 metres; LR0340 - 4 metres at 2.28 g/t gold from 73 to 77 metres and 4 metres at 0.41 g/t gold from 87 to 91 metres and 40 metres at 1.56 g/t gold from 99 to 139 metres including 5 metres at 3.86 g/t gold from 133 metres; LR0341 - 4 metres at 1.16 g/t gold from 55 to 59 metres and 16 metres at 2.24 g/t gold from 73 to 89 metres. The three drill holes presented here comprise the initial phase of RC drilling, infilling within the existing resource. This was followed by four diamond drillholes (DD) for geotechnical purposes and a further fifteen RC holes for infill and exploration purposes, all within or adjacent to the BVS Resource. Results remain pending for the further drill holes, which will be announced as soon as these are available. Based on indicative timeframes from the laboratory, this is currently estimated to be around late January 2020 due to the high volumes received. Results will be announced to the market once processed and the appropriate QAQC has been completed. The 2019 drill programme had three main aims: infilling on the existing BVS resource, exploring high-priority targets adjacent to the resource and improving geotechnical understanding of the resource. This comprised: Four DD Geotechnical drill holes for 754 metres within the BVS; Fourteen RC Resource Infill drill holes for 2,255 metres within the BVS; One RC Exploration hole testing for an extension to the existing BVS resource; and Three RC Exploration drill holes testing the partial leach gold anomaly along strike and approximately one kilometre to the south of the BVS deposit. The three holes released as part of this announcement are part of the fourteen RC holes drilled to upgrade the majority of the northern half of the BVS resource to Indicated or above confidence levels, as required for further scoping or feasibility studies. The 2019 infill drilling program followed-up on the very successful 2017 program that helped define the drill hole spacing required to upgrade the majority of the Resource confidence levels to Measured and Indicated categories required for mine development planning and feasibility studies. In 2017, the majority of the drilling was focussed on the central Crossover sector of the resource, where the most significant near-surface mineralisation is located. The 2019 program aimed to infill to the north of and around the Crossover to complete infill drilling in the northern half of the deposit, considered likely to be the focus of the first years of mining. All three drill holes intercepted mineralisation reasonably within the predicted grades, widths and depths, as would be expected in a follow-up program such as this. Most drill holes in the resource are drilled 280° GDA and -55° dip in order to be as close to perpendicular to the mineralisation as practically possible. LR0341 was drilled vertically (-90°) in order to accommodate a wireline survey for geotechnical purposes. These results will be incorporated into a new resource estimate once all the remaining results are available and quality control checks have been completed. The three holes presented here were drilled at the start of the program. The diamond drilling was then scheduled to accommodate logistical constraints on the geotechnical program, before the remainder of the RC holes were drilled. The remainder of the samples have been submitted to the analytical laboratory, but are expected to be delayed due to processing backlogs beyond the company's control.