3 prospective gold projects - 2.8 million ounces
Dublin Gulch, Yukon; Tassawini & BRL Venture, Guyana.
AGORACOM NEWS FLASH
Dear Agoracom Family,
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Sincerely,
George et al
Message: SGV announces drill results from Mar-Tungsten deposit
StrataGold announces drill results from the Mar-Tungsten deposit
VANCOUVER, Aug. 28 /CNW/ - StrataGold Corporation (SGV-TSX) ("StrataGold"
or the "Company") is pleased to announce initial results from the C$5 million
2008 diamond drill (DD) program on the Dublin Gulch property. This year,
StrataGold aims to increase the resource of both the Eagle Zone and
Mar-Tungsten Deposits. A total of 34 DD holes were completed on the
Mar-Tungsten Deposit in 2008 totaling 4057.68 metres (m). Drilling on the
Eagle Zone Deposit is ongoing with results pending.
In January 2008, SRK Consulting (US) Inc. (SRK) provided StrataGold with
a National Instrument (NI) 43-101 Mineral Resource for the Mar-Tungsten
Deposit based on 86 DD holes completed in 1979 and 1980 and prior to
StrataGold's acquisition of Dublin Gulch.
<<
Mar-Tungsten Mineral Resource(*)
-------------------------------------------------------------------------
Category of Contained WO(3) MTU
Mineral Resource Tonnes % WO(3) (pounds) (metric tonne units)
-------------------------------------------------------------------------
Indicated 5,310,000 0.39 45,590,000 2,070,900
-------------------------------------------------------------------------
Inferred 2,170,000 0.36 17,220,000 781,200
-------------------------------------------------------------------------
(*) Using cut-off of 0.10% WO(3) - see news release dated January 15,
2008.
>>
The 2008 DD program on the Mar-Tungsten Deposit has successfully extended
the scheelite skarn zones of the Mineral Resource up dip toward the surface
and along strike. The Mar-Tungsten Deposit remains open down dip and along
strike in both directions. All DD results have been received and are presented
in the table below. Interval widths are approximately true width. Trench
results are pending.
StrataGold is evaluating opportunities to realize value for the
Mar-Tungsten Deposit for its shareholders. SRK has been engaged to supervise
metallurgical test work ongoing at SGS Laboratories, update the
Mineral Resource and complete a Preliminary Economic Assessment that is
scheduled for completion in December 2008.
<<
Diamond Drill Results
-------------------------------------------------------------------------
Hole From (m) To (m) Interval Width (m) WO(3) Grade (%)
-------------------------------------------------------------------------
MT08-003C 14.18 18.18 4.00 0.17
-------------------------------------------------------------------------
MT08-004C 72.80 77.80 5.00 0.32
-------------------------------------------------------------------------
MT08-006C 32.50 34.50 2.00 0.68
-------------------------------------------------------------------------
MT08-008C 40.18 45.18 5.00 0.41
-------------------------------------------------------------------------
MT08-009C 2.13 7.13 5.00 0.24
-------------------------------------------------------------------------
MT08-010C 51.71 63.60 11.89 0.42
-------------------------------------------------------------------------
MT08-011C 13.20 16.20 3.00 0.55
-------------------------------------------------------------------------
and 98.44 110.50 12.06 0.59
-------------------------------------------------------------------------
and 131.10 147.62 16.52 0.50
-------------------------------------------------------------------------
MT08-012C 63.78 71.36 7.58 1.65
-------------------------------------------------------------------------
MT08-013C 27.13 47.14 20.01 0.35
-------------------------------------------------------------------------
MT08-014C 127.95 137.45 9.5 0.43
-------------------------------------------------------------------------
and 182.67 188.1 5.43 0.24
-------------------------------------------------------------------------
MT08-016C 22.20 33.80 11.6 0.65
-------------------------------------------------------------------------
MT08-017C 30.22 33.61 3.39 0.66
-------------------------------------------------------------------------
MT08-018C 48.74 50.74 2.00 0.40
-------------------------------------------------------------------------
MT08-019C 191.33 197.33 6.00 0.46
-------------------------------------------------------------------------
MT08-021C 70.64 74.64 4.00 0.41
-------------------------------------------------------------------------
MT08-022C 20.76 26.76 6.00 0.59
-------------------------------------------------------------------------
and 63.76 68.76 5.00 0.27
-------------------------------------------------------------------------
MT08-023C 23.52 33.52 10.00 0.23
-------------------------------------------------------------------------
MT08-024C 62.62 65.62 3.00 0.56
-------------------------------------------------------------------------
and 85.62 89.62 4.00 0.49
-------------------------------------------------------------------------
and 116.62 122.62 6.00 0.22
-------------------------------------------------------------------------
MT08-026C 84.04 87.04 3.00 0.44
-------------------------------------------------------------------------
MT08-027C 114.72 120.55 5.83 0.35
-------------------------------------------------------------------------
MT08-028C 87.00 92.80 5.80 0.56
-------------------------------------------------------------------------
MT08-030C 43.70 51.70 8.00 0.23
-------------------------------------------------------------------------
MT08-031C 135.25 153.50 18.25 0.23
-------------------------------------------------------------------------
MT08-032C 12.60 17.90 5.30 0.11
-------------------------------------------------------------------------
MT08-033C 106.30 115.20 8.90 0.13
-------------------------------------------------------------------------
MT08-034C 1.52 6.60 5.08 0.37
-------------------------------------------------------------------------
MT08-005C, 007C, 015C, 025C and 029C had no significant intersections
MT08-001C, 002C and 020C were abandoned
>>
Tungsten
Tungsten is a strategic metal and emerging economies such as India and
China are consuming increasing amounts of tungsten. Tungsten prices are quoted
per metric tonne unit (MTU) of contained tungsten trioxide (WO(3)). One MTU
contains 10 kilograms of WO(3) and is the standard weight measure of the
tungsten trade. Ammonium Paratungstate ("APT") is an intermediate product in
the production of tungsten metal for which prices are available. The most
recently quoted price on August 8, 2008 was US$254 per MTU (10 kilograms or
22.04 pounds WO(3) per MTU) which equates to US $25.40 per Kilogram or
US $11.55 per pound.
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. Tamperproof sample bags and sample tags were utilized for all of
the drill samples. All Mar-Tungsten drill samples were prepared and analyzed
by ALS Laboratory Group located in British Columbia, Canada. ALS is an
ISO 9001:2000 registered and accredited to ISO 17025:2005 by the
Standards Council of Canada (SCC) for specific analytical procedures. The
control samples and duplicate assay results received for the drilling program
demonstrate to StrataGold that the results are considered reliable. The
technical information in this news release has been prepared in accordance
with Canadian regulatory requirements set out in National Instrument 43-101.
<<
(*) The qualified person (as described under NI 43-101) responsible for
the resource estimate is Dr. Bart Stryhas, PhD, a Principal Resource
Geologist at SRK.
>>
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.
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