June 11, 2008 -
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:
Hole
|
Total Length (m)
|
From
|
To
|
Width
|
Gold Grade (g/t)
|
F765
|
18.98
|
3.74
|
17.45
|
13.71
|
0.71
|
F771
|
66.22
|
17.45
|
22.03
|
4.58
|
1.03
|
F1420
|
43.36
|
8.31
|
18.98
|
10.67
|
1.40
|
including
|
|
8.31
|
14.41
|
6.10
|
2.09
|
*F1421
|
40.32
|
18.98
|
40.32
|
21.34
|
0.70
|
including
|
|
18.98
|
25.08
|
6.10
|
1.68
|
F1425
|
63.17
|
43.36
|
54.03
|
10.67
|
0.68
|
F1429
|
63.17
|
20.50
|
25.07
|
4.57
|
0.60
|
F1430
|
37.27
|
29.65
|
35.74
|
6.09
|
0.65
|
F1528
|
49.46
|
35.74
|
47.93
|
12.19
|
1.01
|
F1536
|
54.03
|
5.26
|
12.88
|
7.62
|
0.77
|
and
|
|
29.65
|
32.69
|
3.04
|
0.94
|
F1537
|
29.65
|
0.00
|
22.03
|
22.03
|
0.30
|
*F1540
|
14.41
|
11.36
|
14.41
|
3.05
|
0.77
|
*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:
Trench
|
Total length (m)
|
From
|
To
|
Width
|
Gold Grade (g/t)
|
TR25
|
110
|
54.00
|
59.00
|
5.00
|
0.42
|
TR26
|
111
|
21.00
|
56.00
|
35.00
|
0.71
|
including
|
|
29.00
|
38.00
|
9.00
|
2.00
|
including
|
|
29.00
|
33.00
|
4.00
|
3.47
|
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.
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," "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.
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