3 prospective gold projects - 2.8 million ounces

Dublin Gulch, Yukon; Tassawini & BRL Venture, Guyana.

Message: News out NI-43-101....

News out NI-43-101....

posted on Feb 05, 2009 09:43AM



Attention Business Editors:

StrataGold receives recommendation to advance the Eagle Zone Deposit to Pre-Feasibility, Dublin Gulch, Yukon

    VANCOUVER, Feb. 5 /CNW/ - 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 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
        -  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

                               Gold Grade  Contained Gold  Gold Cut-off Grade
    Resource Category  Tonnes     (g/t)     (troy ounces)         (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: 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.

For further information: Terry Tucker, President and CEO, Vanessa
Pickering, Manager, Investor Communications, StrataGold Corporation, Tel:
(604) 696-6601, E-mail: [email protected], Website: www.stratagold.com
New Message
Please login to post a reply