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Thursday, June 04, 2009
Staccato
Gold Announces 2009 Exploration Plans - Including Follow-up on High Grade
Windfall Results
Vancouver, B.C. -- June 4, 2009 -- Staccato Gold Resources Ltd.
(CAT-TSX.V) is pleased to announce its plans for the upcoming exploration
field season. The Company is planning a program that will entail a minimum
of 2,600 metres of drilling at its flagship South Eureka property. A large
portion of the drilling will be dedicated to exploring prospective areas
outside of the main Lookout Mountain project.
Staccato's flagship South Eureka property, located in northeast Nevada,
USA, is an extensive and highly prospective landholding. The property is
comprised of several projects: from early stage projects where historic
data indicates the potential for new discoveries, to the advanced stage
Lookout Mountain project, where a significant gold resource has been
identified (refer to Technical Report and Gold Resource Estimate for the
South Eureka District Property, January 15, 2007 filed on SEDAR).
Highlights
of the 2009 program:
- Follow-up on high grade drill results at the Windfall project
(located ~4 kilometres northeast of Lookout Mountain): 5.25 g/t over
23 metres drilled in 2008 -- zone is wide open for expansion. This project hosts
excellent potential for significant new discovery.
- Detailed property wide geologic mapping and sampling to
characterize new zones identified during the 2008 program -- leading
to the generation of new targets on the extensive South Eureka
property.
- Completion of a 3D geologic model of the Lookout Mountain/Ratto
Ridge projects which incorporates new interpretations based on surface
mapping and drill data.
- Completion of a new resource estimate for the Lookout Mountain
project.
"Staccato is committed to enhancing
shareholder value through the execution of well-planned, results-driven
exploration programs. The Company is also actively reviewing new
opportunities to acquire additional advanced stage gold projects. Staccato
is well financed to accomplish it goals, with ~$9 million in its
treasury", stated Grant Ewing, President and CEO. "We are very
excited to follow-up on the significant results returned from the Windfall
project during the last exploration drilling campaign. The Windfall
project, and other satellite areas to the main Lookout Mountain project,
offer excellent potential to add gold ounces to our current resource
base", added Mr. Ewing.
2009
Program Details:
- An initial 2,600 metre (8,000 foot) drill program to follow-up
on the high grade intercept (5.25 g/t over 22.9 metres) drilled in
2008 at the Windfall project will commence in late summer/early fall.
The North-trending Windfall fault is mineralized for over 7,500 metres
of strike length, with Staccato controlling over 5,000 metres of
strike along the zone. Historic development drilling and past
exploration drilling indicates that the Windfall trend is wide open
for expansion on strike to the north and south, and down dip beneath
the Rustler and Windfall Pits. Target areas north and south of the
main Lookout Mountain project may also be tested during the program.
- A detailed mapping and sampling program covering the entire
Ratto Ridge structural trend that hosts the Lookout Mountain deposit
will commence during the summer. New information on Carlin Deposits,
and new stratigraphic knowledge based on drilling data will be
utilized. The principle objectives are to: characterize offsets along
the main mineralized fault zones at Windfall and Lookout Mountain,
identify orientations of mineralized cross structures intersecting the
main structural zones, and follow up on soil anomalies identified
during the 2008 field program.
- Emphasis will be placed on understanding structural controls
and relating surface geology with drill hole information to upgrade
the three dimensional knowledge of geology hosting existing gold
resources. The modeling and mapping program will allow better
generation of drill targets for discovering additional gold resources
outside of the main Lookout Mountain project.
- Completion of an updated NI 43-101 resource estimate for the
Lookout Mountain project. This will resolve all outstanding technical
issues identified in the past. The updated resource estimate will be
based on the new geologic model and grade shell constraints, and is
expected to be completed in late fall/early winter of this year.
The following work programs are
currently underway:
- Re-logging of approximately 400 historic drill holes in light
of knowledge gained regarding host rocks and stratigraphy during the
2008 program.
- Reinterpretation of geology and structure, and construction of
a 3-D model of the geology, based on the results of the re-logging and
mapping efforts. This will allow for better targeting along structure,
and assist in identifying controls on high grade mineralization.
- Re-modelling and developing low and high grade mineralization
shells based on improved understanding of geologic constraints.
- An exploration Plan of Operations (POO) has been submitted to
the Bureau of Land Management (BLM) and the State Department of Environmental
Protection (NDEP) for the Lookout Mountain project. The POO calls for
108 hectares (266 acres) of disturbance that can be accessed for use
in a phased approach, and covers the entire Ratto Ridge structural
zone. The POO utilizes existing Environmental Assessments to minimize
additional biological or cultural studies that may be required, thus
reducing the time necessary for approval by the BLM and NDEP. Staccato
is waiting to hear which additional studies may be necessary before
the POO is approved. The POO will allow Staccato to complete
additional infill, metallurgical, and exploration drilling necessary
to bring the Lookout Mountain project toward feasibility.
This press release was reviewed by Gary Edmondo,
M.Sc. Geology, who is Staccato's Senior Exploration Manager, and a
Qualified Person as defined by National Instrument 43-101 of the Canadian
Securities Administrators.
On behalf of the Board of Directors
STACCATO GOLD RESOURCES LTD.
"Grant Ewing"
Grant Ewing, President & CEO, Director
About Staccato Gold Resources
Ltd.: Staccato Gold is a well funded
junior gold exploration company with resources and advanced stage
exploration assets located exclusively in Nevada. The Company has assembled
a portfolio of prospective gold prospects in the dominant gold trends in
Nevada. For further information, please contact Gareth Thomas at
604-682-8789 or visit Staccato's website at www.staccatogold.com.
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