StrataGold updates gold resource at Tassawini, Guyana



    VANCOUVER, June 10 /CNW/ - StrataGold Corporation (SGV.TSX) is pleased to
announce an updated National Instrument (NI) 43-101 Mineral Resource estimate
for both the Tassawini and Sonne Deposits located on the Tassawini property,
Guyana prepared by SRK Consulting (Canada) Inc. ("SRK").
    The resource estimate integrated 440 diamond drill holes and 1,187
reverse circulation holes for a total of 58,390 metres (m) and 43,284 m of
drilling, respectively. Both the Tassawini and Sonne Deposits composed of six
distinct auriferous zones (Sonne is located at surface and is a flat-lying
saprolitic deposit) are reported using 0.5 grams per tonne (g/t) gold cut-off
grade.

    
    Table 1: Tassawini and Sonne Deposits Mineral Resource Statement(*)
    -------------------------------------------------------------------------
    Deposit        Category of       Tonnes        Gold Grade        Gold
                  Mineral Resource    (Kt)            (g/t)        (ounces)
    -------------------------------------------------------------------------
    Tassawini       Indicated        10,766            1.3          436,600
    -------------------------------------------------------------------------
    Tassawini        Inferred           614            1.7           32,500
    -------------------------------------------------------------------------
    Sonne           Indicated            -              -              -
    -------------------------------------------------------------------------
    Sonne            Inferred         1,312            0.7           29,000
    -------------------------------------------------------------------------

    (*)Table 1: Notes
    1.  This drilling has been audited and validated by SRK in accordance
        with CIM Estimation of Mineral Resources and Mineral Reserves Best
        Practice Guidelines and with National Instrument 43-101 guidelines by
        G. David Keller, P.Geo. (APGO No. 1235), 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 using a 0.5 g/t gold cut-off grade.
    4.  Mineral resources were constrained within optimal Whittle pit shell
        design.
    5.  The gold price used for calculating the cut-off grade was US
        $750/ounce and metallurgical recovery of 85%.
    6.  Gold capped at 50 g/t gold for Tassawini East and 30 g/t for
        Tassawini West.
    7.  Troy ounce = 31.103 grams gold.
    8.  Tonnage was estimated based on 495 specific gravity measurements
        provided by StrataGold.
    9.  Mineral resources are not mineral reserves and do not have
        demonstrated economic viability.
    10. Mineral resources were classified according to the CIM Definition
        Standards for Mineral Resources and Mineral Reserves (December 2005)
        by G. David Keller, P.Geo. (APGO No. 1235), an independent Qualified
        Person as defined by National Instrument 43-101.
    11. SRK 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.
    

    The estimation of the Tassawini and Sonne deposits is well-constructed
and the results have been verified to a reasonable degree of confidence.
Globally, the block model average grade is relatively similar to that of the
declustered input data, indicating that no biases have been introduced. The
mineral resources are sensitive to the selection of the cut-off grade. The
table below presents the tonnage and gold grades including all zones within
the Whittle pit 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.

    
    Table 2: Tassawini and Sonne Deposits - Sensitivity analysis of tonnage
    and grade using comparative cut-offs(xx)

    -------------------------------------------------------------------------
                                                                   Contained
    Deposit       Cut-off Grade      Tonnage       Gold Grade        Gold
                  (Gold g/t)(xx)    (Kt)(xx)        (g/t)(xx)      (oz)(xx)
    -------------------------------------------------------------------------
    Tassawini          1.00           4,447            2.2          312,000
    -------------------------------------------------------------------------
    Tassawini          0.75           6,983            1.7          382,000
    -------------------------------------------------------------------------
    Tassawini          0.50          11,380            1.3          469,100
    -------------------------------------------------------------------------
    Tassawini          0.35          13,759            1.1          500,000
    -------------------------------------------------------------------------
    Sonne              1.00             111            1.2            4,000
    -------------------------------------------------------------------------
    Sonne              0.75             359            0.9           11,000
    -------------------------------------------------------------------------
    Sonne              0.50           1,312            0.7           29,000
    -------------------------------------------------------------------------
    Sonne              0.35           2,655            0.6           47,000
    -------------------------------------------------------------------------
    (xx) All tonnage and grade reported within Whittle pit shell.
    (*)  All figures have been rounded to reflect the relative accuracy of
         the estimates.
    

    A number of options are being evaluated by management to crystallize the
value of Tassawini for the benefit of our shareholders. In addition, upon
exercise of the Tassawini Option, and as amended in July 2007, StrataGold is
required under the Tassawini Agreement to make all reasonable efforts,
consistent with technically-and-economically prudent industry practices, to
complete a 'Feasibility Study' on the property by July 2009. A full copy of
the resource calculation report will be available on the SEDAR website within
45 days of this press release.
    SRK has also provided a summary of the mineral resource by weathering
profile and are presented below:

    
    Table 3: Consolidated Mineral Resource Statement(*) by weathering
    profile(*)

    -------------------------------------------------------------------------
                      Indicated Mineral Resources  Inferred Mineral Resource
    -------------------------------------------------------------------------
                                   Gold                      Gold
                        Tonnage   Grade     Gold   Tonnage   Grade    Gold
                         (Kt)     (g/t)     (oz)    (Kt)     (g/t)    (oz)
    -------------------------------------------------------------------------
    Saprolite Total      5,588     1.3    229,000    1,625    0.7     36,000
    -------------------------------------------------------------------------
    Transition Total      986      1.1     34,600     61      0.7     1,300
    -------------------------------------------------------------------------
    Sulphide Total       4,193     1.3    173,000     240     3.1     24,200
    -------------------------------------------------------------------------
    Total               10,766     1.3    436,600    1,926    1.0     61,500
    -------------------------------------------------------------------------

    (*)Table 2 and 3: Notes
    1.  This drilling has been audited and validated by SRK in accordance
        with CIM Estimation of Mineral Resources and Mineral Reserves Best
        Practice Guidelines and with National Instrument 43-101 guidelines by
        G. David Keller, P.Geo. (APGO No. 1235), 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 using a 0.5 g/t gold cut-off grade.
    4.  Mineral resources were constrained within optimal Whittle pit shell
        design.
    5.  The gold price used for calculating the cut-off grade was
        US $750/ounce and metallurgical recovery of 85%.
    6.  Gold capped at 50 g/t gold for Tassawini East and 30 g/t for
        Tassawini West.
    7.  Troy ounce = 31.103 grams gold.
    8.  Tonnage was estimated based on 495 specific gravity measurements
        provided by StrataGold.
    9.  The reader is cautioned that the figures presented in Table 2 and 3
        should not be misconstrued as mineral resource statements.
    10. Mineral resources are not mineral reserves and do not have
        demonstrated economic viability.
    11. Mineral resources were classified according to the CIM Definition
        Standards for Mineral Resources and Mineral Reserves (December 2005)
        by G. David Keller, P.Geo. (APGO No. 1235), an independent Qualified
        Person as defined by National Instrument 43-101.
    12. SRK 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.
    

    Quality Control and Assurance of Samples

    A rigorous Quality Control and Assurance program (QC/QA) is in place,
using control samples and duplicates, as well as Chain of Custody protocols,
under the supervision of Bill Yeomans, P.Geo., General Manager, Exploration
South America. Tamperproof sample bags with zip lock tags are being utilized
for all of the drill samples. The Tassawini samples were freighted by air in
sealed containers to be analyzed at either ALS Chemex in Vancouver or to the
ACME sample prep facility located in Georgetown, Guyana. The samples prepped
in the ACME's Georgetown facility are air freighted to the ACME analytical
laboratory in Santiago, Chile for analysis. Both ALS Chemex and ACME are
recognized as ISO 9000 registered laboratories. The control samples, blank and
duplicate assay results received for the drilling program demonstrated to
StrataGold that the results are considered reliable.
    Bill Yeomans, P.Geo., General Manager, Exploration South America, has
reviewed and approved 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 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," "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 5.2 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.
    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.





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

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