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Re: News Release - Tuesday, April 03, 2007
Sullivan Deeps SD3 Drilling Update; Top of the Lower Aldridge
Formation Intersected
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News Release #10-07
Vancouver, British Columbia: Stikine Gold Corporation (SKY: TSX-V)
("Stikine" or the "Company") announces that drilling of its third
exploration hole at the Sullivan Deeps Project recently reached a depth
of 2,622 metres (8,602 feet).
Project Manager, Paul Ransom, P.Geo., a Qualified Person under NI
43-101, has reported that at a depth of 2,612 m (8,570 ft), the drill
hole intersected the Base of the Middle Aldridge ("BMA") and is
currently coring through carbonaceous wacke laminate ("CWL") and
argillite which marks the top of the Lower Aldridge Formation.
At the Sullivan Mine, six kilometres to the south, the BMA and CWL are
located stratigraphically 40-80 m above the main ore band (see Figure
12 in the Geological Report on the Sullivan Deeps Project by Dr. N.C.
Carter available on SEDAR and the Company's website).
The SD3 drill program is a continuation of Stikine's exploration for a
sister deposit to the legendary Sullivan Mine, located near Kimberley,
BC which operated for nearly a century until closing in late 2001.
According to the Province of British Columbia, the Sullivan Mine
produced approximately 17.5 billion lbs of zinc (Zn), 18.5 billion lbs
of lead (Pb) and 298 million ozs of silver (Ag) along with other
associated metals. Using current metal prices, Sullivan life-of-mine
production would be valued at over US$40 billion.
STIKINE GOLD CORPORATION
"David Skerlec"
David J. Skerlec - Chief Financial Officer
For further information contact:
Doug Fosbrooke
Investor Relations
Tel: (604) 684-1900
Fax: (604) 684-2902
Email: info@stikinegold.com
Web: www.stikinegold.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2007 STIKINE GOLD CORPORATION (TSX-V:SKY) All rights
reserved. For more information visit our website at
http://www.stikinegold.com/ or send mailto:info@stikinegold.com
Message sent on Tue Apr 3, 2007 at 7:10:14 PM Pacific Time
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