STRATAGOLD
ANNOUNCES DRILL CONTRACT FOR DUBLIN GULCH, YUKON
February 27, 2008 - Vancouver, B.C. - StrataGold Corporation (SGV.TSX) is pleased to announce that the
company has signed an 8,500 metre (m) drill contract with Lyncorp
Drilling Services Inc. of Telkwa, B.C. for the 2008 exploration program
at StrataGold's 100% owned Dublin Gulch property, Yukon Territory.
Drilling is scheduled to commence mid-late May 2008 and will focus
on defining additional gold resources at the Eagle Zone. Previous
drilling confirmed that the Eagle Zone remains open to the East, West,
South and at depth (see news release dated Nov. 8, 2007).
About Dublin Gulch
Dublin Gulch is located in the north central portion of the
Tintina Gold Belt which is being explored by various exploration
companies for low-grade bulk tonnage, intrusive-hosted gold deposits
similar to the Fort Knox Gold Mine operated by Kinross Gold Corporation
in Alaska. StrataGold's
exploration efforts at Dublin Gulch have focused mainly on the Eagle Zone
which hosts a National Instrument (NI) 43-101 resource estimate (see news
release dated Feb. 27, 2006)*. In 2008, StrataGold also announced a NI
43-101 tungsten resource estimate on the Mar-Tungsten Deposit using
historical drill data from a program completed in 1979-1980, prior to
StrataGold's acquisition of the Dublin Gulch land package (see news
release dated Jan. 15, 2008)**. The Company is currently evaluating
opportunities to realize value and synergies for the Mar-Tungsten
Deposit. The Eagle Zone and Mar-Tungsten technical reports are available
on SEDAR (www.sedar.com).
*Eagle Zone,
Dublin Gulch Resource Statement
Resource Category
|
Total Tonnes
|
Gold Grade (g/t)
|
Gold Cut-off grade (g/t)
|
Contained Gold (troy
ounces)
|
Indicated
|
66,540,000
|
0.916
|
0.50
|
1,960,000
|
Inferred
|
14,390,000
|
0.803
|
0.50
|
371,000
|
**Mar
Tungsten Resource Statement
Resource Category
|
Total Tonnes
|
% WO3 Grade
|
% WO3
Cut-off Grade
|
Contained WO3
(pounds)
|
MTU
(metric tonne units)
|
Indicated
|
5,310,000
|
0.39
|
0.10
|
45,590,000
|
2,070,900
|
Inferred
|
2,170,000
|
0.36
|
0.10
|
17,220,000
|
781,200
|
*Greg Mosher, P.Geo.
of Wardrop Engineering Incorporated, Canada, was the independent
Qualified Person under NI 43-101 responsible for the Eagle Zone gold
resource estimate.
** Dr. Bart Stryhas,
PhD, a Principal Resource Geologist at SRK Consulting (US) Inc. is the
Qualified Persons under NI 43-101 responsible for the Mar-Tungsten
resource estimate.
Terry Tucker, P.Geo.,
President and CEO of StrataGold Corporation, is the Qualified Person
under NI 43-101 responsible for the technical information in this press
release.
About
StrataGold
StrataGold is a gold
development company focused on the systematic exploration and development
of two advanced-stage gold projects and the BRL Venture with Newmont. To
obtain additional information, photos, project updates and maps
pertaining to this news release, please visit: www.stratagold.com.
For further information,
please contact:
Mr. Terry L. Tucker,
President and CEO
Ms. 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," "plans,"
"anticipates," "believes," "intends,"
"estimates," "projects," "potential" and
similar expressions, or that events or conditions "will,"
"would," "may," "could" or "should"
occur. Forward-looking statements in this document include statements
regarding the Company's expectations regarding exploration activities 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; the possibility that required permits may not
be obtained on a timely manner or at all; 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; and
other risks and uncertainties discussed under the heading "Risk
Factors" 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.
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 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 on the estimate.
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