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(*)

    -------------------------------------------------------------------------
                                                    Contained       Gold
                                     Gold Grade       Gold      Cut-off Grade
    Resource Category    Tonnes        (g/t)      (troy ounces)     (g/t)
    -------------------------------------------------------------------------
    Indicated           98,584,000     0.849        2,690,400        0.50
    -------------------------------------------------------------------------
    Inferred             2,023,000     0.671           43,630        0.50
    -------------------------------------------------------------------------
    

    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

    -------------------------------------------------------------------------
                          Gold Grade      Contained Gold   Gold Cut-off Grade
        Tonnes              (g/t)          (troy ounces)          (g/t)
    -------------------------------------------------------------------------
      164,913,000           0.666            3,531,700            0.30
    -------------------------------------------------------------------------
      129,231,000           0.754            3,131,300            0.40
    -------------------------------------------------------------------------
       98,584,000           0.849            2,690,400            0.50
    -------------------------------------------------------------------------
       75,937,000           0.938            2,291,100            0.60
    -------------------------------------------------------------------------
       56,374,000           1.039            1,883,300            0.70
    -------------------------------------------------------------------------
       41,587,000           1.142            1,527,500            0.80
    -------------------------------------------------------------------------
       31,071,000           1.242            1,240,900            0.90
    -------------------------------------------------------------------------
       23,318,000           1.340            1,004,400            1.00
    -------------------------------------------------------------------------
    

    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.

    
    (*)Notes

    1.  Drilling has been audited and validated by Wardrop in accordance with
        CIM Estimation of Mineral Resources and Mineral Reserves Best
        Practice Guidelines and with NI 43-101 guidelines by Bob Jankovic, P.
        Geo., an independent Qualified Person as defined by NI 43-101.
    2.  All figures have been rounded to reflect the relative accuracy of the
        estimates.
    3.  Mineral resources were estimated at a 0.5 g/t gold cut-off grade
        using Datamine Studio 3 block modeling software, block sizes were 15
        by 15 by 15 m.
    4.  The 2009 resource estimate was based on 12.65 g/t gold capped grade
        before compositing. The selected assays were composited into 5 m down
        hole lengths within the mineralized shell.
    5.  A block size of 15 by 15 by 15 m was selected in order to accommodate
        the drill hole spacing and width of the mineralization.
    6.  Criteria used to identify a block as an Indicated resource is three
        drill holes within a 140 x 80 x 80 m search.
    7.  Troy ounce = 31.103 grams gold.
    8.  Mineral resources were classified according to the CIM Definition
        Standards for Mineral Resources and Mineral Reserves (December 2005)
        by Bob Jankovic, P.Geo., an independent Qualified Person as defined
        by NI 43-101.
    9.  Wardrop is not aware of any known environmental, permitting, legal,
        title, taxation, socio-economic, marketing or other relevant issues
        that could potentially affect this estimate of mineral resources. The
        mineral resources may be affected by subsequent assessments of
        mining, environmental, processing, permitting, taxation,
        socio-economic and other factors. There is insufficient information
        at this early stage of study to assess the extent to which the
        resources will be affected by these factors, which are more
        appropriately assessed in a conceptual study.
    10. The Mineral Resource estimate is effective January 13, 2009
    

    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.

    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 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
work programs; 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 Company
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 and permitted 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.





For further information:

For further information: 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

Organization Profile

STRATAGOLD CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890