December 2, 2008 - Vancouver, BC - StrataGold Corporation (SGV-TSX) ("StrataGold" or the "Company") is pleased to announce the 2008 diamond drill hole (DDH) results from the Eagle Zone Deposit on the Dublin Gulch property, Yukon Territory. The C$5 million 2008 program included 15 DDH on the Eagle Zone Deposit totaling 4248.65 metres (m). The 2008 DDH program at the Eagle Zone Deposit focused on defining additional gold resources to the east and southwest of the deposit and successfully extended mineralization along strike to the east and southwest.
Wardrop Engineering has been engaged to update the Mineral Resource incorporating 2006-2008 DDH results and is scheduled to be completed prior to the end of the year. At this time, the Eagle Zone Deposit remains open to the east, west, south and at depth. A summary of the 2006-2008 DDH results provided to Wardrop are summarized on the following tables. A complete database of DDH results from 2005-2008 are available at www.stratagold.com.
2008 Eagle Zone Deposit DDH Results
2008 Hole |
From (m) |
To (m) |
Interval Length (m) |
Gold (g/t) |
DG08-341C |
94.00 |
104.50 |
10.50 |
1.17 |
and |
285.50 |
373.28 |
87.78 |
0.66 |
DG08-342C |
136.98 |
156.48 |
19.50 |
2.74 |
and |
411.82 |
424.89 |
13.07 |
0.50 |
DG08-347C |
105.61 |
124.70 |
19.09 |
0.66 |
and |
363.30 |
375.30 |
12.00 |
0.54 |
DG08-349C |
244.50 |
263.00 |
18.50 |
0.62 |
and |
387.50 |
477.92 |
90.42 |
0.50 |
DG08-351C |
151.99 |
226.49 |
74.50 |
0.51 |
and |
278.99 |
292.49 |
13.50 |
0.53 |
and |
328.49 |
338.99 |
10.50 |
0.51 |
DG08-353C |
133.50 |
177.00 |
43.50 |
0.53 |
and |
303.00 |
315.00 |
12.00 |
0.70 |
and |
351.00 |
441.00 |
90.00 |
0.52 |
DG08-354C |
347.97 |
358.47 |
10.50 |
0.50 |
and |
430.04 |
502.01 |
71.97 |
0.56 |
DG08-357C |
115.35 |
134.55 |
19.20 |
0.50 |
and |
157.05 |
170.55 |
13.50 |
0.57 |
and |
381.70 |
481.88 |
100.18 |
0.90 |
DG08-358C |
78.10 |
90.40 |
12.30 |
0.50 |
6 holes did not reach their target depth and were abandoned.
Historical Eagle Zone Deposit 2006-2007 DDH Results
2007 Hole |
From (m) |
To (m) |
Interval Length (m) |
Gold (g/t) |
DG07-330C |
172.52 |
408.74 |
236.22 |
0.70 |
DG07-331C |
18.90 |
31.09 |
12.19 |
0.60 |
and |
168.25 |
395.33 |
227.08 |
0.56 |
DG07-332C |
230.43 |
331.01 |
100.58 |
1.28 |
DG07-333C |
58.83 |
87.78 |
28.95 |
0.52 |
And |
139.60 |
150.27 |
10.67 |
0.98 |
and |
238.66 |
310.29 |
71.63 |
0.59 |
DG07-334C |
21.60 |
382.53 |
360.93 |
1.00 |
DG07-335C |
125.88 |
142.65 |
16.77 |
0.53 |
and |
212.75 |
224.94 |
12.19 |
0.60 |
and |
375.82 |
458.11 |
82.29 |
0.58 |
DG07-338C |
130.65 |
167.00 |
36.35 |
0.54 |
and |
207.30 |
372.16 |
164.86 |
0.55 |
2006 Hole |
From (m) |
To (m) |
Interval Length (m) |
Gold (g/t) |
DG06-311C |
455.02 |
479.70 |
24.68 |
0.52 |
DG06-314C |
324.00 |
496.91 |
172.91 |
0.50 |
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.
For further information, please contact:
Terry Tucker, President and CEO
Vanessa Pickering, Manager, Investor Communications
StrataGold Corporation
Tel: 604-696-6601
E-mail: info@stratagold.com
Website: 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 statements regarding 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 the work program; 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 Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.