3 prospective gold projects - 2.8 million ounces
Dublin Gulch, Yukon; Tassawini & BRL Venture, Guyana.
StrataGold Corporation Vancouver, BC. TSX : SGV, is a gold exploration and development company focused on three prospective gold projects: Dublin Gulch, Yukon, Tassawini, Guyana and the BRL Venture, Guyana.
Dublin Gulch and Tassawini represent the most advanced projects within regional land packages StrataGold has consolidated within the Tintina Gold Belt in the central Yukon Territory and the Guiana Shield, Guyana.
Combined Gold resources of 2.8 million ounces plus Tungsten resources of 95 million pounds indicated and inferred.
StrataGold has developed a strategic alliance with Newmont and together we have consolidated land along one of the most underexplored gold districts in the entire Guiana Shield. It is through this union we are able take part in all stages of exploration while maintaining focus on aggressively advancing Dublin Gulch and Tassawini.
Any one of our major projects, Dublin Gulch, Tassawini or the prospective BRL Venture could potentially carry us forward on a stand-alone basis; together, as a portfolio, they bring StrataGold Corporation the stability of diversification and the strength of critical mass.
The Dublin Gulch property
The Dublin Gulch property is situated in the Mayo Mining District of Central Yukon Territory, Canada. It is located approximately 48 kilometres (km) north-northeast of the village of Mayo. The property is accessible by 85 km of highway and dirt roads.
In 2008 a total of 15 diamond drill holes were completed on the Eagle Zone Deposit totaling 4248.65 m with the focus of adding additional resources with results pending. At this time, the Eagle Zone Deposit remains open to the east, west, south and at depth. Results are pending for the 2008 exploration program.
The Tassawini Property is situated in the Barima-Waini District of Northwestern Guyana, South America. It is located approximately 175 kilometres northwest of the capital.
Exploration in 2008 at Tassawini and Anaturi continued with trenching and geological mapping mainly at the satellite targets at Clutch and Matahari. The Company plans to complete an internal scoping study to precede a Preliminary Economic Assessment.
BRL Venture 50% StrataGold 50% Newmont
Over the past few years, through the BRL Venture, StrataGold and our joint venture partner Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining have acquired the dominant land position in Northwest Guyana within the Arakaka Gold District. These regional exploration efforts have covered an area of over 4,000 square kilometres resulting in two key projects areas: Monosse and White Creek.
2008 exploration program
In 2008, StrataGold drilled 15 diamond drill (DD) holes on the Eagle Zone deposit totalling 4,248.65 m. StrataGold spent a total of $5-million at Dublin Gulch in 2008 with the intention of defining additional compliant resources at both the Eagle Zone deposit and the nearby Mar-Tungsten deposit. Both objectives were successful (see news release in Stockwatch dated Dec. 1, 2008, regarding the Mar-Tungsten deposit).
"We had an excellent field season in 2008 at Dublin Gulch," says Terry Tucker, StrataGold's president and chief executive officer. "We increased the indicated resource of the Eagle Zone by 37 per cent, combined with delivering a positive economic assessment of the Mar-Tungsten deposit, Dublin Gulch is rapidly advancing."