StrataGold Corporation

Published : January 14th, 2008

Intersects 1.86 G/T Gold Over 18.9 Metres at Monosse, Guyana

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Dear Investor,

January 14, 2007

 

January 14, 2008 - Vancouver, B.C. - StrataGold Corporation (SGV.TSX) is pleased to announce exploration and diamond drilling (DD) results from the Monosse property, located 45 kilometres (km) due west of StrataGold's 100% owned Tassawini property. The Monosse property is subject to a 50:50 joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC).  In 2007 a total of 2,676 metres (m) of diamond drilling (DD) was completed in fourteen (14) holes. Highlights of the latest DD results include MD018 which intersected 1.86 g/t gold over 18.9 m at the Gomes Hill target. Gold mineralization has been intersected over a minimum strike length of 450 m, with a variable true width that averages approximately 12 m. Mineralization at Gomes Hill is associated with a major regional thrust fault named the Eveready structure. The exploration results demonstrate that gold mineralization remains open in all directions at this time.

StrataGold and Newmont have optioned several properties to expand the size of the landholdings at the Monosse property to 33,618 hectares, adding more than 25 km of strike length along the Eveready structure as well as several gold occurrences located along the Arakaka trend. StrataGold and Newmont hold an important land position in the prospective Arakaka trend which is a northeast-trending mineralized and structural corridor within the Barima-Waini District of Northwestern Guyana.

2007 Exploration Program - Gomes Hill

In 2007, a total of 49 km of cut grid lines were established over five km of strike length of the Gomes Hill target. Three grids followed the Eveready structure that control gold mineralization. The Gomes Hill area was further explored with 1,500 m of trenching and channel sampling, a soil geochemistry survey in which 1,841 soil samples were collected, 35.6 km of ground induced polarization (IP) geophysics and 2,676 m of diamond drilling in fourteen (14) DD holes. The results from the 1,841 soil samples demonstrate the presence of gold mineralization along the entire strike length of the mineralized Eveready structure with anomalous soils assaying up to 6.0 g/t gold. The results demonstrate that the Eveready structure is a major regional thrust fault that is gold-bearing over a minimum strike length of 5 km (see map on website at www.stratagold.com).

2007 Diamond Drilling Results - Gomes Hill

Diamond drilling at Gomes Hill intersected gold mineralization in sulphide-rich quartz veins hosted near the sheared margins of a concordant diorite intrusive. Mineralization is preferentially hosted along the contact between the diorite intrusion and sheared northwest trending, gently southwest-dipping carbonaceous mudstones and dacitic tuffs. The mineralization strikes to the northwest at approximately 340 degrees and dips to the southwest at 30 to 45 degrees. The controlling structure is considered to be a large thrust fault named the Eveready structure, which has a strong IP chargeability anomaly.

 Table 1. Diamond Drilling Results 

Hole

From (m)

To (m)

Interval Width (m)

Gold Grade (g/t)

MD006

51.00

54.00

3.00

0.70

And

74.50

78.10

3.60

2.97

And

190.50

193.00

2.50

0.87

MD007

146.00

152.50

6.50

0.42

And

180.50

183.50

3.00

0.49

And

201.50

206.50

5.00

0.41

MD015

92.80

99.30

6.50

1.52

And

112.50

116.10

3.60

1.55

And

128.05

159.90

31.85

0.68

Including

131.50

140.50

9.00

1.72

And

169.20

178.00

8.80

0.91

MD016

133.40

141.80

8.40

1.76

And

156.00

167.60

11.60

1.10

Including

161.05

164.15

3.10

2.43

MD017

48.00

63.30

15.30

1.02

And

97.10

102.00

4.90

2.79

MD018

98.70

117.60

18.90

1.86

And

137.80

146.50

8.70

0.95

MD019

14.80

18.40

3.60

0.38

 MD09, 10, 11, 12, 13 and 14 had no significant intersections.

2008 Exploration Plans - Monosse Project

An aggressive regional exploration program is ongoing at the Monosse property to follow up on numerous targets identified during the 2007 program. A two-phase work program has been recommended for the Monosse property in 2008 with Phase I work to include the development of widespread soil geochemistry surveys, trenching and channel sampling, as well as follow-up IP geophysical surveys on defined target areas. The Phase II work program will consist of diamond drilling and follow-up surveying. Phase II work will commence once the results from the Phase I program have been evaluated.

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, under the supervision of Qualified Person (QP) Bill Yeomans, P.Geo., StrataGold's General Manager Exploration, South America. Tamperproof sample bags with zip lock tags are being utilized for all of the drill samples. Samples have been processed at an ISO 9000 registered laboratory at Acme Analytical Laboratories Ltd.'s sample preparation facility in Guyana and laboratory in Santiago, Chile or Vancouver, British Columbia.

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 in. 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.

 

 

Copyright � 2007 StrataGold Corporation | Send to friend | Update Your Account |

StrataGold Corporation

CODE : SGV.TO
ISIN : CA86270G1063
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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.

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2008 Annual report
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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
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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
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5/21/2009Deadline for Proxy Returns 10:00 am PST May 22, 2009
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6/14/2007Exercises Tassawini option
5/1/2007makes new discovery at Monosse, Guyana
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