StrataGold News, up 150%...
StrataGold increases the Dublin Gulch Eagle Zone Deposit indicated gold resource by 37% to 2.7 million ounces
VANCOUVER, Jan. 14 /CNW/ - StrataGold Corporation (SGV-TSX) ("StrataGold" or the "Company") is pleased to announce that a new independent National Instrument (NI) 43-101 Mineral Resource estimate for the Eagle Zone Deposit has been completed by Wardrop Engineering Inc. StrataGold has increased the Indicated Resource of the Dublin Gulch Eagle Zone Deposit in the Yukon Territory, Canada by 37% to 2.690 million ounces of gold. The new Mineral Resource estimate incorporates 13,057.65 metres (m) of drilling from 2006-2008 into the previously-stated resource estimate (see news release dated February 27, 2006).
Eagle Zone Deposit Resource Statement Capped(x)
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Contained Gold
Gold Grade Gold Cut-off Grade
Resource Category Tonnes (g/t) (troy ounces) (g/t)
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Indicated 98,584,000 0.849 2,690,400 0.50
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Inferred 2,023,000 0.671 43,630 0.50
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2008 Exploration Program
In 2008, StrataGold drilled 15 diamond drill (DD) holes on the Eagle Zone Deposit totaling 4248.65 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 dated December 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 CEO, "We increased the Indicated Resource of the Eagle Zone by 37% - combined with delivering a positive Economic Assessment of the Mar-Tungsten Deposit, Dublin Gulch is rapidly advancing."
The Eagle Zone and Mar-Tungsten Deposits are located within StrataGold's wholly-owned Dublin Gulch property in the north central portion of the Tintina Gold Belt, 85 kilometres northwest of the village of Mayo, Yukon Territory, Canada. The Tintina Gold Belt 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.
The mineral resources are sensitive to the selection of the cut-off grade. The table below presents the tonnage and gold grades within the mineralized shell at various cut-off grades. The reported quantities and grades are only presented as a sensitivity of the resource model to the selection of cut-off grade.
Eagle Zone Deposit - Sensitivity analysis of tonnage and grade using
comparative cut-offs
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Gold Grade Contained Gold Gold Cut-off Grade
Tonnes (g/t) (troy ounces) (g/t)
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164,913,000 0.666 3,531,700 0.30
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129,231,000 0.754 3,131,300 0.40
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98,584,000 0.849 2,690,400 0.50
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75,937,000 0.938 2,291,100 0.60
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56,374,000 1.039 1,883,300 0.70
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41,587,000 1.142 1,527,500 0.80
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31,071,000 1.242 1,240,900 0.90
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23,318,000 1.340 1,004,400 1.00
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Quality Control, Assurance and Data Verification
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. Tamperproof sample bags and sample tags were utilized for all of the drill samples. All Dublin Gulch drill samples were prepared and analyzed by ALS Laboratory Group located in British Columbia, Canada. ALS is an ISO 9001:2000 registered and accredited to ISO 17025:2005 by the Standards Council of Canada (SCC) for specific analytical procedures. The control samples and duplicate assay results received for the drilling program demonstrate to StrataGold that the results are considered reliable. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101.
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.
