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February 26, 2008 - Vancouver, B.C. - StrataGold Corporation (SGV.TSX) is pleased to announce that the
Phase I exploration program commenced on February 1, 2008 on its 100%
indirectly owned Tassawini property, South America. The Tassawini
property consists of two contiguous and adjoining Prospecting Licenses
(the "Tassawini PL"
and the "Anaturi PL").
Phase I exploration will include a detailed mapping and trenching program
conducted over high priority gold targets that are characterized by
favorable geology with coincident induced polarization (IP) geophysics
and gold soil geochemistry anomalies.
Clutch, Matahari and Impasse
A minimum of 2,400 metres (m) of trenching is
planned for the Clutch, Matahari, and Impasse targets which are located
close to the Tassawini Deposit. In 2007 a National Instrument (NI) 43-101
Mineral Resource estimate was calculated for the Tassawini Deposit and
confirmed an indicated resource of 208,316 ounces of gold averaging 1.73
g/t gold and an inferred resource of 151,089 ounces of gold averaging
1.27 g/t gold using a 0.50 g/t cut-off (see news release dated April 2,
2007)*.
Anaturi Hills and Stamp Mill
A soil geochemistry program is planned for the
Anaturi Hills region, an unexplored area with a similar geological
setting as the Tassawini Deposit. A minimum of 500 m of trenching is planned for the
Stamp Mill target; both of these targets are located 10 kilometers (km)
northeast of the Tassawini Deposit.
An additional 10-20
line km of induced polarization (IP) ground geophysical surveys will be
conducted on the Tassawini property during Phase I exploration. An
estimated 2,000 m of reverse circulation (RC) drilling is also scheduled
for delineation of targets at both Tassawini and Anaturi.
The Phase II
exploration program, subject to Phase I results, will focus on favorable
targets identified in Phase I and will be advanced as appropriate. The
exploration effort will be multi-faceted, incorporating regolith
interpretation, geochemical sampling, trenching, geological and
structural mapping, diamond drilling and RC drilling.
*Susan Lomas, P.Geo.
of Lions Gate Geological Consulting Inc. of North Vancouver, British
Columbia, Canada was the Qualified Person under NI 43-101 responsible for
the original Tassawini Mineral Resource estimate which was contained in
the "Technical Report on the Tassawini Gold Property" dated
March 15, 2007. The estimate was subsequently confirmed by William Keats,
P.Geo., of StrataGold Guyana Inc. in the "Technical Report,
Tassawini - Anaturi, Project" dated November 27, 2007. Both
documents are filed on SEDAR (www.sedar.com).
Bill Yeomans, P.Geo.,
General Manager Exploration, South America of StrataGold Corporation, is
the Qualified Person under NI-43-101 responsible for the technical
information in this press release other than the Tassawini Mineral
Resource Estimate.
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. To obtain additional information, photos, project updates and
maps pertaining to this news release, please visit: www.stratagold.com.
For further
information, please contact:
Mr. Terry L. Tucker, President and CEO
Ms. 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," "plans," "anticipates,"
"believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or
that events or conditions "will," "would,"
"may," "could" or "should" occur.
Forward-looking statements in this document include statements regarding
the Company's expectations regarding exploration activities 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; the possibility that required permits may not
be obtained on a timely manner or at all; 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; and
other risks and uncertainties discussed under the heading "Risk
Factors" 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.
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