STRATAGOLD MAKES NEW DISCOVERY AT MONOSSE, GUYANA
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May 1, 2007 � Vancouver, B.C. - StrataGold Corporation (SGV.TSX) is pleased to announce the discovery of a new gold zone at Monosse, Guyana called Eveready. Monosse, part of 50:50 joint venture with Newmont Overseas Exploration Limited, is located 45 kilometres (km) due west of StrataGold�s 100% owned Tassawini and Anaturi Prospecting Licenses (PL�s).
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An induced polarization (IP) ground geophysical survey, completed early this year, has identified a chargeability anomaly located approximately 30 metres (m) below surface associated with a structure that appears to have a minimum strike length of 2 km. The IP survey covered the area around the 1997 and 2006 diamond drill holes (DDH�s) as well as a number of areas of recent placer mining activity.
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The first 2007 DDH to test this IP target is MD008 which intersected two gold zones at 40 m and 98 m. Gold mineralization is associated with disseminated arsenopyrite within an abundance of multi-stage quartz veins in silicified mafic volcanic rocks. Drilling continues to test favorable IP features along strike and at depth at this time.
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|
DD Hole |
From
(m) |
To
(m) |
Interval Width*
(m) |
Gold
(grams/tonne) |
|
MD008 |
40.08 |
84.19 |
44.11 |
2.39 |
|
And |
98.50 |
109.00 |
10.50 |
3.31 |
*At this time there is not enough geological information to determine true width.
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2007 FIELD PROGRAM
Exploration work commenced at Monosse in early 2007 with geological mapping, re-sampling of historical trenches and the completion of a combined 20 line km IP ground geophysical and soil geochemistry survey. The IP survey identified a chargeability anomaly located directly behind the collar of 2006 due diligence hole MD003. MD008 was collared from the MD003 drill pad and was drilled in the opposite direction to intersect the chargeability anomaly at an estimated depth of 42 m. MD006 and 7 results are pending.
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The IP survey, in conjunction with assays, has now demonstrated that gold mineralization has a good geophysical signature due to the presence of disseminated arsenopyrite, other sulphides and an abundance of multi-stage quartz veins in mafic volcanic and metasedimentary rocks of Birimian age. MD008 represents the most significant intersection identified at Monosse to date. The IP chargeability anomaly associated with this structure appears to have a minimum strike length of 2 kilometres, and represents an important new exploration target.
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2006 FIELD PROGRAM
The locations of the five 2006 due diligence holes were approximate locations in relation to the original DDH�s completed in 1997. Artisanal gold mining activity, during the period from 1997 to 2005, has disturbed all of the historical drill sites with open pits excavated up to 12 m depth in the saprolite bedrock. Differences in both the grades of gold mineralization as well as location of the gold intersections in the 2006 vs 1997 holes suggest that all five due diligence holes were not accurately twinned. (MD001 to MD005) (see Feb 27, 2007 news release).
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Comparison of historical drill results reported in 1997 versus drill results obtained by StrataGold
|
Hole No |
From
(m) |
To
(m) |
Interval Width
(m) |
Gold Grade
(g/t) |
|
97-17 (1997) |
62.00 |
76.00 |
14.00 |
3.43 |
|
MD004 (2006) |
31.50 |
36.00 |
4.50 |
1.71 |
|
And |
58.00 |
63.80 |
5.80 |
0.99 |
|
And |
139.00 |
154.50 |
15.50 |
0.57 |
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|
Hole No |
From
(m) |
To
(m) |
Interval Width
(m) |
Gold Grade
(g/t) |
|
97-18 (1997) |
12.90 |
25.00 |
12.10 |
1.28 |
|
And |
37.90 |
55.90 |
18.00 |
1.13 |
|
MD005 (2006) |
7.50 |
22.00 |
14.50 |
1.12 |
|
And |
26.10 |
31.50 |
5.40 |
0.63 |
|
And |
104.50 |
116.50 |
12.00 |
0.31 |
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Monosse,� BRL Venture
Monosse is located within StrataGold�s 4,055 square km Barama Reconnaissance Permit (BRP) which surrounds the Tassawini and Anaturi PL�s. Monosse is subject to a joint venture agreement (BRL Venture) (see press release dated October 3, 2005) with Newmont Overseas Exploration Limited, a subsidiary of U.S.-based Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC), in respect to StrataGold's BRP in Guyana (see press release dated July 20, 2005). The Agreement provides for the exploration of properties within the BRP but excludes the Tassawini and Anaturi PL�s and the Kaituma PL, located north of the BRP.
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In April 2007 the right to earn 100 % interest in two additional properties adjacent to the existing Monosse property was acquired.� The two properties, Arakaka and B-23, cover 576 and 3,991 hectares respectively.
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Quality Control and Assurance
A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples and duplicates, as well as Chain of Custody (COC) protocols, under the supervision of Qualified Person (QP) Bill Yeomans, P.Geo., StrataGold's General Manager Exploration, South America. Tamperproof sample bags with zip lock tags are being utilized for all of the drill samples. Samples have been processed at an ISO 9000 registered laboratory at Acme Analytical Laboratories Ltd.�s sample preparation facility in Guyana and laboratory in Santiago, Chile or Vancouver, British Columbia.
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About StrataGold
StrataGold is a well-funded gold development company focused on the systematic exploration and development of two advanced-stage gold projects. To obtain additional information, photos and project updates please visit: www.stratagold.com.
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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
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recover processes etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. StrataGold relies upon litigation protection for forward-looking statements.
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