VANCOUVER, Jan. 14 /CNW/ - Stikine Gold Corporation (SKY:TSX.V) (the
"Company" or "Stikine Gold") has now received final assay results from the
initial sampling program on its Grant Gold Project, located near Fort St.
James, British Columbia.
Between September 22 and November 21, 2008, a total of 112 wide-spaced
samples were collected over an area of approximately 10 x 7 kilometres in the
Sowchea Creek drainage and approximately 5 x 5 kilometres in the Dog Creek and
adjacent drainage. Samples of 225 kilograms or larger were collected from test
pits which averaged 2 to 4 metres in depth. Each sample was washed, screened
to -10 mesh and processed through a portable CD7.5 Knelson Concentrator to
produce approximately one kilogram of concentrated sample.
A total of 46 samples were shipped to Loring Laboratory in Calgary, AB
for analyses and results have now been received and compiled. Less than 10% of
the samples showed potentially economic gold grades, with the highest assay
result returning 0.8 g/t gold. Three samples were also shipped to G&T
Metallurgical Services in Kamloops, BC for additional testing for gold,
platinum and palladium values. Results returned only trace amounts of gold and
The samples were collected from the top of glacio-fluvial gravel benches
which cover several square kilometres and are up to 100 metres in depth.
Although a very large number of the samples contained visible gold flakes or
fine grains when concentrated, they are not of sufficient abundance to warrant
further sampling of the property. The broadly disseminated low-grade gold in
the outwash gravels does not appear to occur in economic concentrations.
Based on these results the Company has decided not to proceed with the
option agreement for property announced September 2, 2008.
Linda Dandy, P.Geo., is the "Qualified Person" for the purpose of
National Instrument 43-101, who has reviewed and verified the contents of this
STIKINE GOLD CORPORATION
Scott E. Broughton, P.Eng. - President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Investor Relations, Tel: (604) 684-1900, Fax:
(604) 684-2902, Email: email@example.com, Web: www.stikinegold.com