Staccato Gold Resources Ltd.

Published : January 21st, 2009

Drills 22.9 Metres of 5.25 g/t (75 feet of 0.153 opt) Gold at South Eureka

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Wednesday, January 21, 2009

Staccato Drills 22.9 Metres of 5.25 g/t (75 feet of 0.153 opt) Gold at South Eureka

Vancouver, B.C. -- January 21, 2009 -- Staccato Gold Resources Ltd. (CAT-TSX.V) is pleased to announce final assay results from its 2008 South Eureka exploration program. Exploration was conducted on the Windfall Patents project, North Lookout Mountain project, and the South Ratto Ridge project during the program. All three projects lie within the extensive South Eureka property.

HIGHLIGHTS:
  • Four holes intersected strong mineralization at the Windfall Patents project: 22.9 metres of 5.25 g/t (75 feet of 0.153 opt) gold intersected, including 1.52 metres of 52.11 g/t (5 feet of 1.53 opt) gold
  • North Lookout Mountain project: 38.1 metres of 0.96 g/t (125 feet of 0.028 opt) gold intersected
  • South Adit area: several thick, strongly altered structural zones intersected at depth
Windfall Patents Project

Drilling at the Windfall Patents project targeted the north striking Windfall fault zone below the Windfall pit. Based on historic data, areas of known mineralization were targeted to confirm the presence of gold, define gold grade, and test the depth extent of the mineralization. All 4 holes drilled intersected strong mineralization over significant thicknesses, including 22.9 metres of 5.25 g/t (75 feet of 0.153 opt) gold that was drilled 91 metres (300 feet) below pit bottom in hole BHWF-04 (See Table 1 below). Future exploration drilling campaigns will continue to test the extensive and prospective Windfall structural zone along strike and at depth. The Windfall project is located approximately 4 kilometres north-east of the main Lookout Mountain resource area.

North Lookout Mountain

Drilling at the North Lookout Mountain project followed up on historic intercepts drilled in the 1990's, and encountered 38.1 metres of 0.96 g/t (125 feet of 0.028 opt) gold in hole BHSE-021 and two intercepts: 3.1 metres of 0.68 g/t (10.3 feet of 0.020 opt) and 5.8 metres of 1.11 g/t (19 feet of 0.032 opt), within a large altered structural zone in core hole BHSE-025C. Both drill holes tested areas beneath historic drill holes, and targeted northerly striking structures that occur east of the main Lookout Mountain -- Ratto Ridge structural zone (See Table 1 below). Further exploration is required to assess the potential of this extensive area.

South Ratto (South Adit) Project

Results from the core drilling at the South Adit area contained several thick, strongly altered structural zones at depth (See Table 1 below). The first phase of drill results reported earlier identified sufficient mineralization to conduct the first resource estimate in this area.

Table 1 below shows the balance of the results for the 2008 exploration program. Please refer to the November 20, 2008 press release for previously reported results, and refer to Staccato's website for a detailed drill hole plan map.

Table 1


Hole Number

From feet (metres)

To  feet (metres)

Thickness feet (metres)*

Gold opt (g/t)

Comments

South Ratto Drilling Including South Adit, South Pinnacle Peak, and Triple Junction targets

BHSE-007

439 (133.82)

492 (149.9)

53 (16.2)

0.011 (0.377)

No Significant Intercepts below 732 feet (223 m). Weakly anomalous gold (< 50 ppb) in altered structural zone from 1302' (397 m) - 1633' (498 m).

BHSE-017C

No Significant intercepts

 

BHSE-022C

No Significant intercepts

 

BHSE-024C

No Significant intercepts

Strongly anomalous (>100 ppb Au) 1256 to 1319 ft

North Lookout Mountain Target

BHSE-018

No Significant intercepts

 

BHSE-019

No Significant intercepts

 

BHSE-020

No Significant intercepts

 

BHSE-021

275 (83.8)

400 (121.9)

125 (38.1)

0.028 (0.960)

 

BHSE-023

No Significant intercepts

 

BHSE-025C

496.5 (151.3)

515.5 (157.1)

19 (5.8)

0.032 (1.11)

Includes 1.6' @ 0.142 opt Au

 

968.8 (295.3)

979.1 (298.4)

10.3 (3.1)

0.020 (0.679)

 

Windfall Patents Drilling

BHWF-01

110 (33.5)

215 (65.5)

105 (32.0)

0.018 (0.617)

 

includes

110 (33.5)

150 (45.7)

40 (12.2)

0.037 (1.268)

 

BHWF-02

115 (35.052)

235 (71.628)

120 (36.576)

0.022 (0.754)

 

BHWF-03

130 (39.6)

210 (64.0)

80 (24.3)

0.02 (0.685)

 

 

225 (68.6)

235 (71.6)

10 (3.0)

0.011 (0.377)

 

 

370 (112.8)

380 (115.8)

10 (3.0)

0.017 (0.582)

 

BHWF-04

225 (68.6)

300 (91.4)

75 (22.9)

0.153 (5.246)

 Including 265-290' @ 0.4 oz/ton,

Includes

270 (82.3)

275 (83.8)

5 (1.5)

1.53 (52.457)

 

* Drill hole thickness


Cyanide Shake Leach Results

Assays received with gold grades above 0.343 g/t (0.01 opt) gold were analyzed using a cyanide shake leach analyses, which provides a preliminary assessment of cyanide leachable recoveries. Results, shown in the Table 2 below, indicate good recovery potential at the South Adit area and average recovery potential at the North Lookout Mountain and Windfall Patents projects. Results at the South Adit area show recoveries for all results to be over 90%, while at the Pinnacle Peak and Triple Junction targets, and at North Lookout Mountain and Windfall projects recoveries average about 70%. A progression at the North Lookout Mountain project from 85% or higher potential recoveries at shallower depths to under 50% at greater depth is noted in drill hole BHSE-021. Lower potential recoveries are probably due to sulfide mineralization.

Table 2


Hole Number

Number Analyses

Average Au

Average Gold

Recovery %

 

 

Fire AA (opt (g/t))

CN AA(opt (g/t))

 

South Ratto Drilling Including South Adit, South Pinnacle Peak, and Triple Junction targets.

BHSE-002

5

0.027

0.0265

98%

BHSE-005

20

0.0265

0.026

98%

BHSE-007

5

0.023

0.0195

86%

BHSE-008

4

0.011

0.006

56%

BHSE-010

4

0.011

0.0075

67%

BHSE-012

1

0.014

0.008

57%

BHSE-014

3

0.017

0.015

88%

BHSE-016

6

0.031

0.021

69%

North Lookout Mountain Target 

BHSE-021

9

0.031

0.023

75%

Below 300 feet

11

0.041

0.018

45%

BHSE-025C

4

0.034

0.019

55%

Windfall Patents Drilling 

BHWF-01

11

0.029

0.023

75%

BHWF-02

18

0.026

0.018

70%

BHWF-03

20

0.019

0.013

75%

BHWF-04

13

0.126

0.092

72%



All assays for the program were performed by Inspectorate America Corporation, an ISO 9001 certified assay lab. Drill samples were analyzed for gold using a Fire Assay method with an ICP-AES finish on a 30 gram aliquot. All analyses containing 0.343 g/t (0.01 opt) gold or greater were analyzed using a hot cyanide leach with an AA finish. Check assays on significant intercepts will be completed by ALS Chemex Laboratories, an ISO 9001 certified laboratory.

The South Eureka property encompasses an area of approximately 43 square kilometres (27 square miles) and is comprised of several projects. The property is located in the Eureka Mining district within the Battle Mountain - Eureka Trend, also referred to as the Cortez Trend. Barrick's Archimedes (Ruby Hill) mine is located approximately 7.2 kilometres (4.5 miles) north of the Staccato claim area. The South Eureka property has a history of gold production from several open pits including the Windfall Mine, one of Nevada's first open pit heap leach mines. Historic production from the district totals in excess of 2 million ounces of gold.

This press release was reviewed by Gary Edmondo, M.Sc. Geology, who is Staccato's Senior Exploration Manager, and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

On behalf of the Board of Directors
STACCATO GOLD RESOURCES LTD.

"Grant Ewing"

Grant Ewing, President & CEO, Director

About Staccato Gold Resources Ltd: Staccato Gold is a well funded junior gold exploration company with resources and advanced stage exploration assets located exclusively in Nevada. The Company has assembled a portfolio of prospective gold prospects in the dominant gold trends in Nevada. For further information, please contact Gareth Thomas at 604-682-8789 or visit Staccato's website at www.staccatogold.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.


<

Staccato Gold Resources Ltd.

CODE : CAT.V
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

Staccato Gold is a gold exploration company based in Canada.

Staccato Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 7.7 millions as of today (US$ 7.6 millions, € 6.2 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.51, and its lowest recent point on May 12, 2017 at CA$ 0.01.

Staccato Gold has 51 650 000 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 Staccato Gold Resources Ltd.
2007 Annual Report
Nominations of Staccato Gold Resources Ltd.
2/3/2010Appoints Strategic Advisor
Project news of Staccato Gold Resources Ltd.
10/19/2009(Windfall-hoosac)Reports Windfall Project Drill Results - Several Thick Inter...
8/24/2009(South Eureka)Commences Drilling at Windfall Project
8/10/2009(South Eureka)Provides Update on Summer Program at Flagship South Eureka P...
6/4/2009(South Eureka)2009 Exploration Plans - Including Follow-up on High Grade W...
1/21/2009(South Eureka)Drills 22.9 Metres of 5.25 g/t (75 feet of 0.153 opt) Gold a...
Corporate news of Staccato Gold Resources Ltd.
6/3/2010Closes Acquisition of Staccato Gold Resources
4/13/2010Withdrawal and Consequent Cancellation of Requisitioned Meet...
3/23/2010Business Combination with Timberline Resources
2/10/2010Calls Requisitioned Special Meeting for May 25, 2010
1/25/2010Staccato Gold Update
8/4/2009Launches New Website
5/29/2009Extension of Warrant Term
2/24/2009Provides Corporate Update
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CAT.V)
0.150+7.14%
Last quotes and information before delisting
Prev close Open
0.140 0.140
Low High
0.140 0.150
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.150 900.00%
Volume 1 month var.
341,500 900.00%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/28/2010
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
 
 
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis
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$ 7.49+0.13%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$ 11.76+1.29%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 0.54-0.92%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$ 2.59-0.38%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$ 15.15+0.80%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-7.84%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+0.00%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$ 1.79-2.72%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.54+0.40%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 :
Staccato Gold Resources Ltd. profile | Staccato Gold Resources Ltd. news | Staccato Gold Resources Ltd. market Indicators | Staccato Gold Resources Ltd. corporate presentation | Staccato Gold Resources Ltd. annual report | Staccato Gold Resources Ltd. management | Staccato Gold Resources Ltd. interactive charts | Staccato Gold Resources Ltd. free charts | Staccato Gold Resources Ltd. TSX-V