February 5,
2009 - Vancouver, BC - StrataGold Corporation (SGV-TSX)
("StrataGold" or the "Company") is pleased to
announce the Company has filed the technical report for the National
Instrument (NI) 43-101 Mineral Resource estimate for the Eagle Zone
Deposit, Dublin Gulch, Yukon Territory, Canada (see news release dated
January 14, 2009). The technical report was prepared by Wardrop
Engineering Inc. and is available on SEDAR at http://www.sedar.com/.
Wardrop
Recommendations
StrataGold should undertake a NI 43-101
Pre-Feasibility Study and in addition complete the following studies:
- Drilling
to determine the extension of mineralization at depth and along
strike.
- Bulk
density sampling so that detailed specific gravity data can be
incorporated into the resource block model for resource estimation.
- Metallurgical
sampling and testing to create a recovery model.
- Completion
of a full environmental base line study and assessment.
StrataGold continues to explore
strategic alternatives and will continue to seek options that are in the
best interest of our shareholders and in particular the advancement of
the Dublin Gulch property which includes the Mar-Tungsten Deposit.
Eagle Zone
Deposit Resource Statement
Resource Category
|
Tonnes
|
Gold Grade
(g/t)
|
Contained Gold
( troy ounces)
|
Gold Cut-off Grade
(g/t)
|
Indicated
|
98,584,000
|
0.849
|
2,690,400
|
0.50
|
Inferred
|
2,023,000
|
0.671
|
43,630
|
0.50
|
Mineral resources were classified
according to the CIM Definition Standards for Mineral Resources and
Mineral Reserves (December 2005) by Bob Jankovic, P.Geo., an independent
Qualified Person as defined by NI 43-101.
The exploration program was conducted
under the supervision of qualified person Terry Tucker, P.Geo.,
StrataGold's President and CEO. Terry Tucker has reviewed the technical
content of this press release.
About
StrataGold Corporation
StrataGold is a gold development
company focused on the systematic exploration and development of two
advanced-stage gold projects, Dublin Gulch, Yukon (including the Eagle
Zone and Mar-Tungsten Deposits), Tassawini, Guyana and the BRL Venture
with Newmont in Guyana. To obtain additional information, photos, project
updates and maps pertaining to this news release, please visit: http://www.stratagold.com/.
For further
information, please contact:
Terry Tucker, President and CEO
Vanessa Pickering, Manager, Investor
Communications
StrataGold Corporation
Tel: 604-696-6601
E-mail: info@stratagold.com
Website: http://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," "aims," "plans,"
"anticipates," "believes," "intends,"
"estimates," "projects," "potential" and
similar expressions, or that events or conditions "will,"
"would," "may," "could" or
"should" occur. Information inferred from the interpretation of
drilling results and information concerning mineral resource estimates
may also be deemed to be forward looking statements, as such information
constitutes a prediction of what might be found to be present when and if
a project is actually developed. Forward-looking statements in this
document include statements regarding: the Company's expectations
regarding drilling and exploration activities on properties in which the
Company has an interest and the Company's estimates of resources 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; uncertainties involved in the estimation of
resources; the possibility that required permits may not be obtained on a
timely manner or at all; the possibility that capital and operating costs
may be higher than currently estimated and may preclude commercial
development or render operations uneconomic; 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 work programs; the risk of environmental
contamination or damage resulting from the Company's operations; risks
associated with title to mineral properties; and other risks and
uncertainties discussed under the heading "Risk Factors" in
Section 5 of the Company's Annual Information Form filed on SEDAR 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 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.
This news release uses the terms
"Inferred Resource", "Indicated Resource" and
"Mineral Resource". The Company advises readers that although
these terms are recognized and required by Canadian securities
regulations (under National Instrument 43-101 "Standards of
Disclosure for Mineral Projects"), the US Securities and Exchange
Commission does not recognize these terms. Readers are cautioned not to
assume that any part or all of the mineral deposits in these categories
will ever be converted into reserves. In addition, "Inferred
Resources" have a great amount of uncertainty as to their existence,
and economic and legal feasibility. It cannot be assumed that any part of
an Indicated or Inferred Mineral Resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, or
economic studies except for a Preliminary Assessment as defined and
permitted under National Instrument 43-101. Readers are cautioned not to
assume that part or all of an inferred resource exists, or is
economically or legally mineable. The Mineral Resources stated in this
news release are not mineral reserves and, in the absence of a current
feasibility study, do not demonstrate economic viability. The
determination of mineral reserves can be affected by various factors
including environmental, permitting, legal, title, taxation,
socio-political, and marketing issues.
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