Strategic Minerals Corporation NL announced an update to the Mineral Resources for the Big Vein South (BVS) gold deposit in the Woolgar Project in North Queensland. The new Indicated Resources includes a 108% increase in tonnes and a 92% increase in gold ounces for an 8% drop in gold grade, mostly within the Crossover zone where the Measured and Indicated (M&I) Resources locally increased from 18% to 91% of contained ounces. The increase in the Mineral Resources is due to broader than expected mineralised drill intercepts from the 2017 drilling, the joining of the four sectors from the 2017 geological interpretation into a single mineralised body and a revision of the search ellipse parameters. The results from the Crossover zone indicate that 50m drill spacing with localised 25m infill should be sufficient for future infill programs to convert Inferred to M&I. The results of this program continue to reinforce the approach undertaken by the company in developing the resource base at Big Vein South and will influence future drilling programs. The main aim of the 2017 drilling programme was to upgrade the resource estimates and provide a measure of the likely drill spacing required to convert the majority of the remainder of the deposit to Measured and Indicated Resource status, as required to commence Pre-Feasibility Studies. Further aims included assembling important information for geotechnical, metallurgical and other technical studies necessary for Feasibility and permitting, which remain ongoing. The 2017 BVS drill programme focussed on the central "Crossover" sector since this contained a significant portion of the overall resource and had been interpreted as being bound by faults to the north and south. Within the Crossover sector itself, the drilling has resulted in an increase in the amount of Indicated Resources from 17% of the sector's resource (in 2017) to 88% of a slightly larger resource. A secondary objective was to increase the drill density across the two bounding faults on the Crossover in particular, both to confirm their existence and to improve and upgrade the resource estimates, since these represented breaks in the mineralisation. The new geological interpretation indicates that the two faults may have had a lesser impact than previously thought and it is now possible to interpret the mineralisation as a single, continuous, sigmoidal deposit. Further Reverse Circulation (RC) infill drilling was completed to upgrade the resource estimates in the northern sector of the deposit. Diamond drilling was used to twin high-grade RC holes for quality control purposes in the Crossover. Additional diamond drilling was carried out for metallurgical and geotechnical studies. Where appropriate these holes were modified to intersect mineralisation and are incorporated in to the Mineral Resources.