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November 22, 2007 - Vancouver, BC - StrataGold
Corporation (SGV-TSX) is pleased to report results for an additional
fifty-two (52) diamond drill (DD) holes representing 5698.2 metres
(m) of the 2007 drilling program at Tassawini, Guyana.
StrataGold has completed 14,119.1m of diamond
drilling so far in 2007, with assays pending for twenty-four (24) holes
and drilling continuing at this time.
Recent
DDH results have identified a new gold zone approximately 250 m south of the
previously defined Tassawini Deposit. This zone
was discovered by drill testing an induced polarization (IP) geophysical
target that was unrelated to a gold soil anomaly. The second zone
discovered by DD is at Sonne South, in an area previously defined by
reverse circulation (RC) drilling. DD successfully intersected gold
mineralization in both saprolite and bedrock related to a mineralized
fault zone which is open in all directions.
During
the past several months over 41 line kilometers of IP geophysics has been
completed at Tassawini and the adjacent Anaturi prospecting license. Systematic
drilling of priority IP targets commenced this past month with trenching,
RC and DD.
New Discovery
An Induced Polarization (IP) geophysical survey identified a
near-surface chargeability anomaly located approximately 250 meters
southwest from the Tassawini West deposit. Drill hole SD365
tested this target and returned 7.60 meters at an
average grade if 2.20 g/t, while drill hole SD367 intersected
16.50m at an average grade of 1.01 g/t. The true width appears to be
variable, ranging from 2m to 15m. This new zone continues to be drill
tested along strike and at depth.
DDH Results - New Discovery
|
Hole
|
Total Length (m)
|
From
(m)
|
To
(m)
|
Interval Width (m)
|
Gold
(g/t)
|
|
SD364
|
116.5
|
52.00
|
54.20
|
2.20
|
4.19
|
|
SD365
|
104.5
|
19.00
|
25.00
|
6.00
|
0.48
|
|
|
and
|
58.00
|
65.60
|
7.60
|
2.20
|
|
SD367
|
134.5
|
43.00
|
59.50
|
16.50
|
1.01
|
|
SD368
|
122.5
|
67.00
|
78.00
|
11.00
|
1.24
|
Sonne South
Preliminary DDH results from Sonne South confirmed gold
mineralization in saprolite and bedrock associated with a mineralized
fault zone delineated by reverse circulation drilling, ground geophysics,
soil geochemistry and trenching. Hole SD381 intersected 41.83m at 0.86
g/t gold in saprolite while hole SD382 intersected 37.10m at an average
grade of 1.06 g/t gold below drill hole SD382 in bedrock. This structure
is open in all directions and is presently being drill tested along
strike and at depth.
Additional
drilling at Sonne South was carried out in three different areas and
tested the bedrock to approximately 70m vertical depth. The program was
designed to follow up on shallow reverse circulation drill intersections
and has confirmed a saprolite deposit near surface. The mineralization
intersected is in moderately to gently dipping bodies ranging between 5
and 35m in true thickness. SD377, a vertical hole which intersected
29.8m averaging 0.93g/t gold, terminated in mineralization. This hole has
since been re-entered and lengthened.
DDH Results - Sonne South
|
Hole
|
Total Length (m)
|
From
(m)
|
To
(m)
|
Interval Width (m)
|
Gold
(g/t)
|
|
SD371
|
86.5
|
4.00
|
17.50
|
13.50
|
1.36
|
|
|
and
|
29.50
|
37.80
|
8.30
|
0.68
|
|
SD372
|
56.5
|
1.00
|
26.50
|
25.50
|
0.34
|
|
SD373
|
80.5
|
14.20
|
25.00
|
10.80
|
0.58
|
|
SD374
|
56.5
|
1.00
|
14.00
|
13.00
|
0.71
|
|
SD375
|
65.5
|
1.00
|
31.55
|
30.55
|
0.32
|
|
SD376
|
86.5
|
35.85
|
48.00
|
12.15
|
0.70
|
|
SD377
|
56.5
|
26.70
|
56.50
|
29.80
|
0.93
|
|
SD381
|
125.5
|
7.40
|
49.23
|
41.83
|
0.86
|
|
SD382
|
125.5
|
52.00
|
89.10
|
37.10
|
1.06
|
|
SD383
|
128.5
|
1.60
|
16.63
|
15.03
|
0.66
|
|
SD384
|
128.5
|
2.50
|
16.00
|
13.50
|
0.60
|
|
SD386
|
110.5
|
57.50
|
76.40
|
18.90
|
0.52
|
|
|
and
|
81.40
|
90.40
|
9.00
|
0.67
|
SD299,
370 and 385 at Sonne South did not return any significant gold
mineralization. Assays from four holes in this area are
pending.
Tassawini West
Ten (10) additional DDH's were completed at Tassawini West. SD319was
drilledto confirm the geometry of a high grade mineralized core zone
plunging to the southwest within the main mineralized zone and
intersected 22.50m averaging 5.07 g/t gold. This drill hole was drilled
oblique to the strike of mineralization and was oriented across the true
plunge of mineralization. The true thickness of the mineralization in
this part of the deposit is estimated to be 15 meters. Tassawini
West continues to demonstrate the presence of a higher grade mineralized
core.
SD343,
346 and 349 were drilled 150m northeast of Tassawini West with hole SD346
intersecting 1.06 g/t gold over 15.60m. Additional drilling is required
to determine the significance of these results.
DDH Results - Tassawini West
|
Hole
|
Total Length
(m)
|
From
(m)
|
To
(m)
|
Interval Width
(m)
|
Gold
(g/t)
|
Gold
(g/t) Cut*
|
|
SD319
|
200.5
|
76.00
|
98.50
|
22.50
|
5.07
|
3.52
|
|
|
including
|
80.50
|
88.00
|
7.50
|
13.43
|
8.79
|
|
|
and
|
119.50
|
128.10
|
8.60
|
1.03
|
|
|
|
and
|
163.60
|
169.00
|
5.40
|
5.18
|
|
|
SD322
|
110.5
|
89.65
|
98.50
|
8.85
|
0.78
|
|
|
SD343
|
76.5
|
0.00
|
7.65
|
7.65
|
0.68
|
|
|
SD346
|
108.0
|
54.00
|
73.90
|
15.60
|
1.06
|
|
|
SD348
|
90.0
|
79.50
|
84.00
|
4.50
|
0.85
|
|
|
SD349
|
111.0
|
49.50
|
60.60
|
11.10
|
0.46
|
|
|
SD352
|
84.0
|
21.00
|
31.50
|
10.50
|
0.94
|
|
*Assays
top cut to 34.2g/t
SD324,
347 and 350 at Tassawini West did not return any significant gold
mineralization. SD324a and 351 were abandoned due to machine
failure.
Tassawini South
Drill results from five additional holes completed at Tassawini
South have extended the strike of known mineralization to the south of
previously drilled areas. No additional holes are pending.
DDH Results - Tassawini South
|
Hole
|
Total Length (m)
|
From
(m)
|
To
(m)
|
Interval Width (m)
|
Gold
(g/t)
|
|
SD321
|
76.5
|
54.00
|
69.70
|
15.70
|
0.39
|
|
SD323
|
100.5
|
68.60
|
91.50
|
22.90
|
0.72
|
|
|
including
|
81.00
|
91.50
|
10.50
|
1.24
|
|
SD327
|
41.2
|
20.50
|
41.20
|
20.70
|
0.74
|
|
SD328
|
42.0
|
12.00
|
21.00
|
9.00
|
1.55
|
|
SD329
|
40.5
|
4.25
|
18.00
|
13.75
|
0.48
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Tassawini East
Drilling at Tassawini East was carried out to further investigate
previous reverse circulation drill intersections. SD331
(55.90m averaging 0.79/t gold, including 18.05m averaging 1.72g/t gold)
and SD339 (23.50m averaging 1.23g/t gold) have confirmed the
geometry of the mineralized zone towards the southwestern part of
Tassawini East. Drill resultsare presented below, with assays
pending for two additional holes.
DDH
Results - Tassawini East
|
Hole
|
Total Length (m)
|
From
(m)
|
To
(m)
|
Interval Width (m)
|
Gold
(g/t)
|
|
SD331
|
99.0
|
19.10
|
75.00
|
55.90
|
0.79
|
|
|
including
|
48.00
|
66.05
|
18.05
|
1.72
|
|
SD339
|
130.5
|
91.50
|
115.00
|
23.50
|
1.23
|
|
SD366
|
131.2
|
102.2
|
104.55
|
2.35
|
1.94
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Drill
hole SD344 at Tassawini East did not return any significant gold
mineralization.
Black Ridge
Results for three holes drilled at Black Ridge are presented below
with no additional holes pending.
DDH Results - Black Ridge
|
Hole
|
Total Length (m)
|
From
(m)
|
To
(m)
|
Interval Width (m)
|
Gold
(g/t)
|
|
SD284
|
99.0
|
77.20
|
99.00
|
21.80
|
0.64
|
|
SD353
|
215.5
|
8.50
|
22.30
|
13.80
|
0.58
|
|
SD354
|
215.5
|
137.50
|
173.60
|
36.10
|
0.52
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SD355
and 369 at Black Ridge did not return any significant gold
mineralization.
Sonne North
Drilling at Sonne North was carried out to test mineralization in
bedrock to approximately 70m vertical depth. The program was designed to
follow up widespread reverse circulation drill intersections and has
confirmed a near surface saprolite deposit. The mineralization
intersected is generally in flat to gently dipping bodies ranging between
5 and 20m in true thickness. Results from three holes are pending.
DDH Results - Sonne North
|
Hole
|
Total Length (m)
|
From
(m)
|
To
(m)
|
Interval Width (m)
|
Gold
(g/t)
|
|
SD289
|
101.50
|
65.50
|
73.85
|
8.35
|
0.5
|
Ithaka
Six holes were drilled at a structural target and coincident I.P.
geophysical anomaly approximately 500m east-northeast of the historical
Tassawini Mine - the Ithaka target. None of these holes intersected
any significant gold mineralization.
Assays
are also pending for an additional 15 DD holes drilled on other IP
targets delineated within the Tassawini and Kathmandu areas.
A
complete list of the DDH results, including holes with no significant
results and maps pertaining to this news release can be found on the
Tassawini property page at www.stratagold.com.
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 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. The Tassawini samples were prepared by ACME laboratories in
Georgetown, Guyana, and analysed by ACME laboratories in Santiago, Chile.
ACME laboratories is a recognized as an ISO 9000 registered laboratory. The
control samples and duplicate assay results received for the drilling
program demonstrated to StrataGold that the results are considered
reliable. However, due to the rigorous nature of StrataGold's QC/QA program,
additional check assays will be conducted and these results pending. All
diamond drill holes are being processed an ISO 9000 registered
laboratory. The technical information in this news release has been
prepared in accordance with Canadian regulatory requirements set out in
National Instrument 43-101. Mr. Bill Yeomans is designated as the
qualified person having reviewed this information.
About StrataGold
StrataGold
is a gold development company focused on the systematic exploration and
development of two advanced-stage gold projects. 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. The Company 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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