StrataGold discovers new gold zones at Tassawini, Guyana
Wed Jun 11, 1:11 PMVANCOUVER, June 11 /CNW/ - Vancouver, BC - StrataGold Corporation (SGV-TSX) is pleased to report the discovery of three new gold zones within the Clutch anomaly, at its 100% indirectly owned Tassawini project, Guyana, with results from 38 additional reverse circulation (RC) holes. StrataGold completed a total of 15,844.22 metres (m) of RC drilling in four hundred and sixty four (464) holes in 2007. These results were not included in the recently announced resource estimate (see news release dated June 10, 2008) and demonstrate the good potential to identify additional gold mineralization in close proximity to the existing compliant gold resource areas at Tassawini and within the numerous untested gold anomalies on the Tassawini property. Drilling has demonstrated that gold mineralization at Clutch is highly folded with some holes terminating in mineralization. At this time there is not enough information to correctly determine true width.
RC Drill Results - Clutch
Highlights of the RC drilling from Clutch include F1420 - 1.40 grams per tonne (g/t) gold over 10.67 m; F1421 - 0.70 g/t over 21.34 m; and F1528 - 1.01 g/t over 12.19 m. Additional near surface gold mineralization in saprolite was identified in holes F765, F1425 and F1537.
Highlights of RC Results - Clutch:
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Hole Total Length (m) From To Width Gold Grade
(g/t)
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F765 18.98 3.74 17.45 13.71 0.71
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F771 66.22 17.45 22.03 4.58 1.03
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F1420 43.36 8.31 18.98 10.67 1.40
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including 8.31 14.41 6.10 2.09
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*F1421 40.32 18.98 40.32 21.34 0.70
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including 18.98 25.08 6.10 1.68
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F1425 63.17 43.36 54.03 10.67 0.68
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F1429 63.17 20.50 25.07 4.57 0.60
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F1430 37.27 29.65 35.74 6.09 0.65
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F1528 49.46 35.74 47.93 12.19 1.01
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F1536 54.03 5.26 12.88 7.62 0.77
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and 29.65 32.69 3.04 0.94
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F1537 29.65 0.00 22.03 22.03 0.30
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*F1540 14.41 11.36 14.41 3.05 0.77
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* Drill hole bottomed in mineralization.
Holes F1271 - F1274 incl., F1419, 1424, F1427 - F1428 incl., F1431,
F1433, F1527, F1529, F1530 - F1535 incl., F1538 - F1539 incl., F1542 -
F1544 incl. and F1546 - F1549 incl., did not return any significant
intersections.
A complete list of the RC results, including holes with no significant results and maps pertaining to this news release can be found at www.stratagold.com
Gold mineralization was also identified in Trench 26 at Clutch with results including 0.71 g/t over 35.00 m. This interval included a higher grade interval of 2.00 g/t over 9.00 m.
Highlights of Trench Results - Clutch:
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Hole Total Length (m) From To Width Gold Grade
(g/t)
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TR25 110 54.00 59.00 5.00 0.42
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TR26 111 21.00 56.00 35.00 0.71
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including 29.00 38.00 9.00 2.00
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including 29.00 33.00 4.00 3.47
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Quality Control and Assurance of Samples
A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples and duplicates, as well as Chain of Custody protocols, under the supervision of Bill Yeomans, P.Geo., General Manager, Exploration South America. Tamperproof sample bags with zip lock tags are being utilized for all of the drill samples. The Tassawini samples were freighted by air in sealed containers to be analyzed at either ALS Chemex in Vancouver or to the ACME sample prep facility located in Georgetown, Guyana. The samples prepped in the ACME's Georgetown facility are air freighted to the ACME analytical laboratory in Santiago, Chile for analysis. Both ALS Chemex and ACME are recognized as ISO 9000 registered laboratories. The control samples, blank and duplicate assay results received for the drilling program demonstrated to StrataGold that the results are considered reliable.
Bill Yeomans, P.Geo., General Manager, Exploration South America, has reviewed and approved the technical information in this press release.
About StrataGold
StrataGold is a gold development company focused on the systematic exploration and development of two advanced-stage gold projects and the BRL Venture with Newmont in Guyana. To obtain additional information, photos, project updates and maps pertaining to this news release, please visit: www.stratagold.com.
Statement Regarding Forward Looking Statements
This news release of StrataGold Corporation (the "Company") contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as such information constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements in this document include statements regarding: the Company's expectations regarding drilling and exploration activities on properties in which the Company has an interest; and the Company's statements regarding estimates of resources on properties in which the Company has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their respective dates. Important factors that could cause actual results to differ materially from the Company's expectations include among others, risks related to fluctuations in mineral prices; uncertainties related to raising sufficient financing to fund planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations; risks associated with title to mineral properties; and other risks and uncertainties discussed under the heading "Risk Factors" in Section 5.2 of the Company's Annual Information Form filed on SEDAR and elsewhere in the Company's documents filed from time to time with the Toronto Stock Exchange and Canadian securities regulators. These statements are based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as expressly required by applicable securities laws, the Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
ContactsTerry Tucker
President and CEO
Vanessa Pickering
Manager
Investor Communications
StrataGold Corporation
Tel: (604) 696-6601
E-mail: info@stratagold.com
Website: www.stratagold.com
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