StrataGold Intersects 41.4 Metres of 21.0 g/t Gold at Tassawini, Guyana
Vancouver, Canada (ots/PRNewswire)
StrataGold Corporation (SGV-TSX) has received results of further diamond drilling and exploration work completed at Tassawini in the Tassawini West Zone. To date, 13 diamond drill holes totaling 2,098 metres have been completed at Tassawini West and to date assays for the first three holes have been received.
Hole SD003 returned 21.01 g/t gold (6.81 g/t gold cut) over 41.40 metres. Within this interval was a 27.96 metre section grading 30.10 g/t gold (9.07 g/t gold cut) from a depth of 25.54 metres to 53.50 metres. This much higher uncut average gold grade for hole SD003 was heavily influenced by a 1.46 metre interval that averaged 437 g/t gold from a depth of 25.54 metres to 27.00 metres. The cut grade for hole SD003 (6.81 g/t gold over 41.40 metres) is considered to be much more representative of the average grade over this section.
Hole SD002 intersected high grade saprolite averaging 4.73 g/t gold (4.32 g/t gold cut) over 49 metres, from the drill collar to a depth of 49.00 metres, with the top 10.14 metres averaging 11.01 g/t gold (9.07 g/t gold cut). Drill hole SD002 was drilled 50 metres N70 degrees E of previously reported SD001. Drill hole SD001 intersected 1.84 g/t gold over 70.50 metres (see July 4th, 2005 news release). Drill hole SD003 was located 25 metres N70 degrees E of hole SD001 (see map posted at www.stratagold.com).
An upper cut-off grade of 34.30 g/t gold was applied to all individual high grade gold assays that reported above 34.30 g/t. Table 1 is a summary of diamond drill results for SD002 and SD003 using an upper cut-off grade of 34.30 g/t, while Table 2 is a summary for the same holes without any assays cut. The true width of the Tassawini West zone is estimated to be a minimum of 40 metres at this time, since drill hole SD002 collared in gold mineralization. Additional drilling results from drill holes SD004 to SD012 will confirm the true width estimate.
Table 1. Summary of Diamond Drilling Results for Tassawini West - Gold
Assays over 34.30 g/t gold cut to 34.30 g/t
Gold
Dip Interval Grade
Hole Azimuth degrees Length From To Width (Cut)
No. (m) (m) (m) (m) (g/t)
SD002 160 degrees -50 degrees 175.00 0.00 49.00 49.00 4.32
including 0.00 10.14 10.14 9.07
including 25.60 41.50 15.90 5.32
SD003 160 degrees -50 degrees 175.00 21.70 63.10 41.40 6.81
including 25.54 53.50 27.96 9.07
Table 2. Summary of Diamond Drilling Results for Tassawini West - Gold
Assays Uncut
Gold
Dip Interval Grade
Hole Azimuth degrees Length From To Width (UnCut)
No. (m) (m) (m) (m) (g/t)
SD002 160 degrees -50 degrees 175.00 0.00 49.00 49.00 4.73
including 0.00 10.14 10.14 11.01
including 25.60 41.50 15.90 5.32
SD003 160 degrees -50 degrees 175.00 21.70 63.10 41.40 21.01
including 25.54 53.50 27.96 30.10Diamond Drilling Results
The diamond drill results to date from the Tassawini West Zone demonstrate that above average grades of saprolite persists over significant widths in the vicinity of the historical open pits. Significant gold values were also obtained below the saprolite-bedrock interface. In drill hole SD002 the saprolite-bedrock interface was reached at a depth of 51 metres, while in hole SD003 the saprolite-bedrock interface was reached at a depth of 52 metres.
"The results to date for the property demonstrate the excellent exploration potential for StrataGold's 100% owned property at Tassawini," commented Bill Yeomans, P.Geo. General Manager Exploration - South America for StrataGold. "Results from our ongoing RC drilling program immediately south of the Tassawini East and West open pits have extended the known strike length of this mineralization by an additional 200 metres to the southwest of where we are presently diamond drilling. RC drilling has successfully extended the strike length of our new discovery at Black Ridge to 600 metres, and this favorable exploration target will also be subject to diamond drilling with the arrival of a third drill rig on the property in the near future." The second diamond drill rig is presently being mobilized to the property to accelerate the C$4.1 million 2005 work program.
Geology and Mineralization
Over the past 25 years, the property has been subject to extensive exploration (US$11.5 million) by indicating significant gold mineralization is hosted by sheared and mylonitic, predominantly fine-grained turbidites and manganiferous phyllites, with minor intercalated pebbly sandstones and pyroclastic rocks. This geological environment suggests the region may have shared its origins with the Birrimian metasedimentary terrains of West Africa, where some of the world's richest gold deposits have been discovered. Thin section work on diamond drill hole SD001 has identified the gold bearing host rock as being manganiferous gondite, a favorable host rock for economic deposits in Ghana, West Africa.
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. Tamperproof sample bags with zip lock tags are being utilized for all of the drill samples which are freighted by air in sealed containers to ALS Chemex in Ontario. ALS Chemex 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 are pending. 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 well-funded precious metals exploration and development company focused on the systematic exploration of two advanced-stage gold projects with the goal of advancing them to development.
To obtain additional information, photos and weekly project updates please visit: www.stratagold.com
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recover processes etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. StrataGold relies upon litigation protection for forward-looking statements.
Contact:
Terry L. Tucker, President and CEO, StrataGold Corporation, Tel:
+1-604-682-5474, E-mail: info@stratagold.com