StrataGold Corporation

Published : August 28th, 2008

Announces Drill Results from the Mar-Tungsten Deposit

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

August 28, 2008

 

August 28, 2008 - Vancouver, BC - StrataGold Corporation (SGV-TSX) ("StrataGold" or the "Company") is pleased to announce initial results from the C$5 million 2008 Diamond drill (DD) program on the Dublin Gulch property. This year, StrataGold aims to increase the resource of both the Eagle Zone and Mar-Tungsten Deposits. A total of 34 DD holes were completed on the Mar-Tungsten Deposit in 2008 totaling 4057.68 metres (m). Drilling on the Eagle Zone Deposit is ongoing with results pending.

 

In January 2008, SRK Consulting (US) Inc. (SRK) provided StrataGold with a National Instrument (NI) 43-101 Mineral Resource for the Mar-Tungsten Deposit based on 86 DD holes completed in 1979 and 1980 and prior to StrataGold's acquisition of Dublin Gulch.

Mar-Tungsten Mineral Resource*

Category of Mineral Resource

Tonnes

% WO3

Contained WO3

(pounds)

MTU
(metric tonne units)

Indicated

5,310,000

0.39

45,590,000

2,070,900

Inferred

2,170,000

0.36

17,220,000

781,200

* Using cut-off of 0.10% WO3 - see news release dated January 15, 2008.

The 2008 DD program on the Mar-Tungsten Deposit has successfully extended the scheelite skarn zones of the Mineral Resource up dip toward the surface and along strike. The Mar-Tungsten Deposit remains open down dip and along strike in both directions. All DD results have been received and are presented in the table below. Interval widths are approximately true width. Trench results are pending.

StrataGold is evaluating opportunities to realize value for the Mar-Tungsten Deposit for its shareholders. SRK has been engaged to supervise metallurgical test work ongoing at SGS Laboratories, update the Mineral Resource and complete a Preliminary Economic Assessment that is scheduled for completion in December 2008.  

Diamond Drill Results

Hole

From (m)

To (m)

Interval Width (m)

WO? Grade (%)

MT08-003C

14.18

18.18

4.00

0.17

MT08-004C

72.80

77.80

5.00

0.32

MT08-006C

32.50

34.50

2.00

0.68

MT08-008C

40.18

45.18

5.00

0.41

MT08-009C

2.13

7.13

5.00

0.24

MT08-010C

51.71

63.60

11.89

0.42

MT08-011C

13.20

16.20

3.00

0.55

and

98.44

110.50

12.06

0.59

and

131.10

147.62

16.52

0.50

MT08-012C

63.78

71.36

7.58

1.65

MT08-013C

27.13

47.14

20.01

0.35

MT08-014C

127.95

137.45

9.5

0.43

and

182.67

188.1

5.43

0.24

MT08-016C

22.20

33.80

11.6

0.65

MT08-017C

30.22

33.61

3.39

0.66

MT08-018C

48.74

50.74

2.00

0.40

MT08-019C

191.33

197.33

6.00

0.46

MT08-021C

70.64

74.64

4.00

0.41

MT08-022C

20.76

26.76

6.00

0.59

and

63.76

68.76

5.00

0.27

MT08-023C

23.52

33.52

10.00

0.23

MT08-024C

62.62

65.62

3.00

0.56

and

85.62

89.62

4.00

0.49

and

116.62

122.62

6.00

0.22

MT08-026C

84.04

87.04

3.00

0.44

MT08-027C

114.72

120.55

5.83

0.35

MT08-028C

87.00

92.80

5.80

0.56

MT08-030C

43.70

51.70

8.00

0.23

MT08-031C

135.25

153.50

18.25

0.23

MT08-032C

12.60

17.90

5.30

0.11

MT08-033C

106.30

115.20

8.90

0.13

MT08-034C

1.52

6.60

5.08

0.37

MT08-005C, 007C, 015C, 025C and 029C had no significant intersections 
MT08-001C, 002C and 020C were abandoned

Tungsten
Tungsten is a strategic metal and emerging economies such as India and China are consuming increasing amounts of tungsten. Tungsten prices are quoted per metric tonne unit (MTU) of contained tungsten trioxide (WO?). One MTU contains 10 kilograms of WO? and is the standard weight measure of the tungsten trade. Ammonium Paratungstate ("APT") is an intermediate product in the production of tungsten metal for which prices are available. The most recently quoted price on August 8, 2008 was US$254 per MTU (10 kilograms or 22.04 pounds WO? per MTU) which equates to US $25.40 per Kilogram or US $11.55 per pound. 

Quality Control and Assurance

A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples and duplicates, as well as Chain of Custody (COC) protocols. Tamperproof sample bags and sample tags were utilized for all of the drill samples. All Mar-Tungsten drill samples were prepared and analyzed by ALS Laboratory Group located in British Columbia, Canada. ALS is an ISO 9001:2000 registered and accredited to ISO 17025:2005 by the Standards Council of Canada (SCC) for specific analytical procedures. The control samples and duplicate assay results received for the drilling program demonstrate to StrataGold that the results are considered reliable. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101.

*The qualified person (as described under NI 43-101) responsible for the resource estimate is Dr. Bart Stryhas, PhD, a Principal Resource Geologist at SRK.

The exploration program was conducted under the supervision of qualified person Terry Tucker, P.Geo., StrataGold's President and CEO. Terry Tucker has reviewed the technical content of 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.

For further information, please contact:
Terry Tucker, President and CEO 
Vanessa Pickering, Manager, Investor Communications
StrataGold Corporation
Tel: 604-696-6601
E-mail: info@stratagold.com 
Website: 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," "aims,"  "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 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.

This news release uses the terms "Inferred Resource", "Indicated Resource" and "Mineral Resource". The Company advises readers that although these terms are recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US Securities and Exchange Commission does not recognize these terms. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Indicated or Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined under National Instrument 43-101. Readers are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. The Mineral Resources stated in this news release are not mineral reserves and, in the absence of a current feasibility study, do not demonstrate economic viability. The determination of mineral reserves can be affected by various factors including environmental, permitting, legal, title, taxation, socio-political, and marketing issues on the estimate.

Gold and Silver Prices for these countries : Canada | China | India | All

StrataGold Corporation

CODE : SGV.TO
ISIN : CA86270G1063
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

StrataGold is a gold exploration company based in Canada.

StrataGold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 9.2 millions as of today (US$ 8.0 millions, € 5.8 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.70, and its lowest recent point on December 12, 2008 at CA$ 0.01.

StrataGold has 184 153 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of StrataGold Corporation
2008 Annual report
Financings of StrataGold Corporation
9/19/2008Raises $651,000 in Non-Brokered Financing
Option Grants of StrataGold Corporation
2/22/2008 Announces Grant of Stock Options
Nominations of StrataGold Corporation
5/16/2008Appoints Executive Chairman
3/4/2008Announces Board of Directors Appointment
Project news of StrataGold Corporation
1/14/2009(Dublin Gulch Eagle Gold Mine)Increases the Dublin Gulch Eagle Zone Deposit Indicated Gold...
12/2/2008(Dublin Gulch Mar Tungsten)Announces 2008 Diamond Drill Results, Ealge Zone, Yukon
11/10/2008(Monosse Jv)Completes Drilling on BRL Venture, Guyana
8/28/2008(Eureka)Announces Drill Results from the Mar-Tungsten Deposit
6/11/2008(Tassawini)Discovers New Gold Zones at Tassawini, Guyana
5/28/2008(Dublin Gulch Eagle Gold Mine)Commences Drilling at Dublin Gulch, Yukon
4/15/2008(Canalask) Announces 2007 Exploration Results from Canalask JV, Yukon
4/3/2008(Aurex)Identifies a New Silver Target in the Keno Hill Silver Distr...
3/28/2008(Tassawini)Defines New Gold Zone at Tassawini, Guyana
2/27/2008(Dublin Gulch Eagle Gold Mine) announces drill contract for Dublin Gulch, Yukon
2/26/2008(Tassawini) Commences 2008 Exploration Program at Tassawini, Guyana
2/19/2008(Monosse)Commences Gold Exploration Program at Monosse, Guyana
1/15/2008 Announces NI 43-101 Mineral Resource Estimate for the Mar-T...
1/14/2008Intersects 1.86 G/T Gold Over 18.9 Metres at Monosse, Guyana
12/21/2007(Dublin Gulch Eagle Gold Mine)2007 Technical report
11/22/2007(Tassawini) Continues to Expand Gold Zones with RC Drilling of Geophysi...
11/22/2007(Tassawini) Discovers Two New Zones at Tassawini, Guyana
10/11/2007(Dublin Gulch Mar Tungsten)StrataGold discovers new gold zone at Dublin Gulch, Yukon
7/30/2007(Tassawini) expands Sonne North and South gold zones, Tassawini, Guyana
7/9/2007intersects 85.5 metres averaging 5.80 g/t gold, Tassawini, G...
4/2/2007(Tassawini)first Tassawini Mineral Resource estimate and continued aggr...
3/20/2007(Tassawini)provides project update for Tassawini and Anaturi, Guyana
3/13/2007intersects 26.4 metres averaging 3.93 g/t gold at Tassawini ...
5/31/2006(White Creek)begins diamond drilling at Dublin Gulch
Corporate news of StrataGold Corporation
6/6/2009Closing of Business Combination with Victoria Gold Corp.
5/21/2009Deadline for Proxy Returns 10:00 am PST May 22, 2009
5/19/2009Request For Proxy Returns for May 26, 2009 Special Meeting o...
2/11/2009and Victoria Gold Corp. Announce Business Combination - Tele...
12/12/2008Announces Phase II Exploration Results from the BRL Venture,...
12/1/2008announces positive Preliminary Economic Assessment on the Ma...
9/24/2008Commences Drilling on BRL Venture, Guyana
8/26/2008Provides Shareholder Update
8/19/2008Phase II Drill Program Recommended for BRL Venture, Guyana
8/12/2008Receives SRK Recommendations to Advance Tassawini, Guyana
7/8/2008enters option agreement with Mega Silver Inc.
3/17/2008 to be Featured on CEO Clips Airing on The Biography Channel...
3/17/2008Commences 2008 Exploration Program at White Creek, Guyana
2/22/2008Promote VP, Corporate Development
11/8/2007Eagle Zone open to East, South and Depth, Dublin Gulch, Yuko...
11/1/2007Kaituma Uranium Discovery, Guyana and Legal Title
10/1/2007promotes VP, Environment and Community Affairs
9/21/2007Shareholder Update on 2007 Exploration Programs
7/14/2007purchases alluvial gold mining rights at Tassawini, Guyana
6/14/2007Exercises Tassawini option
5/1/2007makes new discovery at Monosse, Guyana
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (SGV.TO)BERLIN (UH5.BE)
0.050+0.00%0.036+12.50%
Last quotes and information before delisting
Prev close Open
0.050 0.045
Low High
0.045 0.055
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.050 -%
Volume 1 month var.
403,106 -%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.52+0.47%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.05+2.47%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.63+16.33%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64+1.93%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.84+4.55%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-4.76%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+4.47%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.86+0.63%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :