StrataGold Announces a NI 43-101 Mineral Resource Estimate for the Mar-Tungsten Deposit, Dublin Gulch, Yukon Territory, Canada

    VANCOUVER, Jan. 15 /CNW/ - StrataGold Corporation (SGV-TSX) ("StrataGold"
or the "Company") is pleased to announce that SRK Consulting (US) Inc.
("SRK"), an independent consulting firm, has provided a National Instrument
(NI) 43-101 Mineral Resource estimate for the Mar-Tungsten Deposit located
within the 100% owned Dublin Gulch Project land package, Yukon Territory,

    -   The Mar-Tungsten Deposit contains 45.59 million pounds of tungsten
        (WO(3)) in the Indicated category and 17.22 million pounds of
        tungsten (WO(3)) in the Inferred category based on a 0.1% WO(3)

    -   The current price for tungsten (WO(3)) is US$10.60 per pound.

    -   Though focused on our gold exploration and development programs in
        Canada and Guyana, management will also be evaluating opportunities
        to realize value and synergies for the Mar-Tungsten Deposit.

    The Mar-Tungsten Deposit resource was calculated using 13,920 metres (m)
of drill data in 86 holes which were drilled in 1979 and 1980 prior to
StrataGold's acquisition of the Dublin Gulch land package in 2004. The deposit
remains open along strike and down dip and there is excellent potential to
expand the current resource. The Mar-Tungsten Deposit is a relatively high
grade tungsten skarn, located approximately 2.5 kilometres (km) east of the
Eagle Zone (100% owned by StrataGold) and adjacent to existing infrastructure.
The Eagle Zone contains a NI 43-101 resource of 1.96 million ounces gold
(average 0.916 g/t gold) in the Indicated category and 0.371 million ounces
gold (0.803 g/t gold) in the Inferred category (using a 0.50 g/t gold cut-off;
see news release dated February 27, 2006)(*).

    Mar-Tungsten Deposit Resource Statement(xx)

    Resource   Total Tonnes    % WO(3)   Contained WO(3)         MTU
    Category                    Grade       (pounds)     (metric tonne units)
    Indicated    5,310,000       0.39      45,590,000          2,070,900
    Inferred     2,170,000       0.36      17,220,000            781,200
    (xx) A cut-off grade of 0.10% WO(3) was used for this resource estimate


    Tungsten is a strategic metal and emerging economies such as India and
China are consuming increasing amounts of tungsten. Tungsten prices are quoted
per metric tonne unit (MTU) of contained tungsten trioxide (WO(3)). One MTU
contains 10 kilograms of WO(3) and is the standard weight measure of the
tungsten trade. Ammonium Paratungstate ("APT") is an intermediate product in
the production of tungsten metal for which prices are available. The most
recently quoted price on January 2, 2008 was US$233 per MTU (10 kilograms or
22.04 pounds WO(3) per MTU) which equates to US $23 per Kilogram or US $10.60
per pound.

    Parameters Used to Calculate the Mineral Resource

    The drill hole database contained information from 86 drill holes
totaling 13,920 m of drilling. The historical drill core was well preserved
and was stored on site in core sheds. The maximum drill hole depth was 374 m
with an average of 163 m. Block grade estimates were made using 2.0 m down
hole composites capped at 3% WO(3). Geological boundaries were used to confine
the estimations within each rock unit. These were drawn on cross section and
then triangulated into 3-D wireframe shapes. A block model was constructed
using a four metre block size as an appropriate compromise between a potential
open-pit and underground mining operation. A specific gravity of 2.88 was used
for all mineralized material. An Inverse Distance Squared method was used to
interpolate the data set followed by manual and statistical validation of the
model. The Mineral Resources were classified according to CIM resource
categories in compliance with NI 43-101 guidelines.
    SRK believes a cut-off grade of 0.1% WO(3) is appropriate for the deposit
type and location. SRK also reported a Mineral Resource estimate using various
cut off grades to demonstrate the sensitivity of tonnage to increasing cut-off

    Mar-Tungsten Deposit Resource Sensitivity

    Resource      % WO(3)      Total Tonnes      % WO(3)      Contained WO(3)
    Category      Cut off                         Grade          (pounds)
    Indicated       0.20         4,170,000         0.45         41,290,000
    Inferred        0.20         1,640,000         0.43         15,530,000
    Indicated       0.30         2,900,000         0.54         34,510,000
    Inferred        0.30         1,180,000         0.51         13,250,000

    A copy of the full resource calculation report will be available on the
SEDAR website within 45 days of this press release. The NI 43-101 mineral
resource estimate, which is effective today, was prepared by SRK Consulting
(US) Inc., an independent consulting firm. The qualified person (as described
under NI 43-101) responsible for the resource estimate and technical content
of this press release is Dr. Bart Stryhas, PhD, a Principal Resource Geologist
at SRK.

    (*) Greg Mosher, P.Geo. of Wardrop Engineering Incorporated, Canada, was
        the independent Qualified Person under NI 43-101 responsible for the
        Eagle Zone gold resource estimate.

    Quality Control, Assurance and Data Verification

    Data supporting the Mar-Tungsten Mineral Resource estimate was verified
in two areas. The first pertains to the electronic database and the second
involved re-assay of the historical core.
    Information from the historic drill logs was manually input into an
electronic database. The resulting electronic database was then printed and
verified to the original drill logs. Corrections were made and the procedure
was repeated until no errors were found.
    StrataGold also conducted a re-assay program on the historical core. The
Quality Control and Assurance program (QC/QA) utilized control samples which
included Blanks and Standards. Comparable intervals from 18 holes were
resampled throughout the deposit and at a variety of depths. In total,
120 samples representing over 462 m of drilling were analyzed. The results of
the re-assay program verified the original assay analyses and suggest that at
higher grades of mineralization, the historical analyses may be reported
slightly lower than their modern counterparts.
    The program was conducted under the supervision of SRK qualified persons
Dr. Bart Stryhas, Principal Resource Geologist and Leah E. Mach, Principal
Resource Geologist as well as Terry Tucker, P.Geo., StrataGold's President and
CEO. Samples were collected from the core storage facility on site, prepared
by StrataGold personnel in Whitehorse and subsequently freighted to ALS Chemex
in North Vancouver for analysis. ALS Chemex is an ISO 9001:2000 accredited
    SRK is not aware of any known environmental, permitting, legal, title,
taxation, socio-political, marketing or other relevant issues which would
materially affect the Mar-Tungsten Deposit Mineral Resource estimate described

    About StrataGold

    StrataGold is a gold development company focused on the systematic
exploration and development of two advanced-stage gold projects and a regional
joint venture exploration program (50/50 StrataGold/Newmont). A 9,000 m
drilling program will commence at Dublin Gulch this spring when weather
conditions permit and will focus on defining additional gold resources on the
Eagle Zone. To obtain additional information, photos, project updates and maps
pertaining to this news release, please visit:

    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; and other risks and uncertainties discussed
under the heading "Risk Factors" 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: Mr. Terry L. Tucker, President and CEO, Ms.
Vanessa Pickering, Manager, Investor Communications, StrataGold Corporation,
Tel: (604) 682-5122, E-mail:; Website:

Organization Profile


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