EAGLE ZONE OPEN TO EAST, SOUTH AND DEPTH, DUBLIN GULCH, YUKON
November 8, 2007 -
Vancouver, BC- StrataGold Corporation (SGV:TSX) is
pleased to report the results of seven additional diamond drill holes
(DDH), totaling 2151 metres (m) of 5528 m completed in 2007 at its 100%
owned Dublin Gulch property. DDH's 331 and 334 were drilled south of the
previous known limit of the resource model for the Eagle Zone. DDH 334
intersected 360 m averaging 0.98 grams per tonne (g/t) gold (estimated to
be ~207 m true width). Mineralization was intersected from a depth of
21.64 m to 382.53 m, where it terminated in mineralization averaging
greater than 2 g/t gold.
DDH's 330 and 332 were drilled east of the previous known limit of
the resource model for the Eagle Zone and intersected a broad zone of
gold mineralization. All four holes confirm excellent potential to add additional
gold resources to the Eagle Zone deposit. A 1996 hole (199) drilled
obliquely and off section, southeast of 334, intersected low grade gold
mineralization.
Drill hole
|
Length (m)
|
From (m)
|
To (m)
|
Interval Width (m)
|
Estimated True Width (m)
|
Gold (g/t)
|
DG07-330C
|
408.74
|
176.98
|
399.59
|
222.61
|
143.09
|
0.722
|
|
(including)
|
248.62
|
300.97
|
52.35
|
33.65
|
1.320
|
DG07-331C
|
395.33
|
165.20
|
395.33
|
230.13
|
147.92
|
0.558
|
|
(including)
|
332.81
|
395.33
|
62.52
|
40.19
|
0.871
|
DG07-332C
|
480.36
|
231.95
|
384.00
|
152.05
|
87.21
|
0.935
|
DG07-334C
|
382.53
|
21.64
|
382.53
|
360.89
|
207.00
|
0.980
|
|
(including)
|
21.64
|
55.17
|
33.53
|
19.23
|
2.400
|
|
(including)
|
278.16
|
382.53 EOH
|
104.37
|
59.86
|
1.303
|
Twenty DDH's (5528 m)
were completed in 2007 with two to test east of the Eagle Zone (330m),
three to test the potential western offset of the Eagle Zone (1016 m),
ten to test the north east and south east extensions of the Eagle Zone
(3314 m) and five holes in the new Shamrock Zone Discovery (868 m) (see
news release October 10, 2007). Six DDH (1163 m) have assays pending. DDH
324, 323 and 327 returned no significant results.
Preliminary economic
assessment of the Eagle Zone has been discontinued until the importance
of these new results is understood. In addition, the new discovery at
Shamrock must be properly evaluated for incorporation into future
detailed studies.
About Dublin
Gulch
Dublin Gulch is
located in the north central portion of the Tintina Gold Belt and is
being explored by various exploration companies for low-grade bulk
tonnage, intrusive-hosted gold deposits similar to the Fort Knox Gold
Mine operated by Kinross Gold Corporation in Alaska. StrataGold's
exploration efforts at Dublin Gulch have focused mainly on the Eagle Zone
deposit which hosts the current National Instruments 43-101 compliant
resource estimate comprising an Indicated Resource of 1.96 million ounces
gold at 0.916 g/t and an Inferred Resource of 371,000 gold at 0.803 g/t
using a 0.50 g/t gold cut-off (see news release dated February 27, 2006)*.
*Rob Carter, P.Eng.
and Greg Mosher, P.Geo. of Wardrop Engineering Incorporated, Canada and
Qualified Person Jim Sparling, P.Geo., Manager, Exploration North and
Central America are the Qualified Persons under NI 43-101 responsible for
the Dublin Gulch Resource estimate.
Quality
Control and Assurance
A rigorous Quality
Control and Assurance program (QC/QA) is in place, using control samples
such as Blanks, CANMET and OREAS Standards and various duplicate checks,
as well as protocols outlined and defined by a qualified independent
Geochemist. The program is under supervision of Jim Sparling,
P.Geo., StrataGold's Manager Exploration, North and Central
America. All sample bags are freighted to ALS Chemex preparation
lab in Terrace and then to Vancouver for analysis. Duplicate checks
are made on various sample types and are sent to ACME Labs in Vancouver.
ALS Chemex and ACME Labs are ISO 9001:2000 accredited laboratories.
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 and project updates 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. 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; legal or regulatory developments: 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.
|