Vancouver An independent review has confirmed the gold resource in the Eagle zone on StrataGold’s (SGV-V) Dublin Gulch property in the Yukon.
The resource stands at 55.2 million tonnes grading 0.934 grams gold for 1.658 million oz. gold in the indicated category. There are another 17.3 million tonnes s grading 0.734 grams gold or 0.412 million oz. gold in the inferred resource category. Both categories are based on a cut-off grade of 0.5 grams gold.
The NI-43-101 compliant estimate by Snowden, is based on a review of a resource estimate done in 1997. The estimates were determined using a three-dimensional block model.
Snowden recommends additional drilling of the Eagle zone to test gold mineralization at depth and along strike. Snowden also recommends infill drilling to raise the inferred resources to indicated within the pit outline.
StrataGold plans to use all available information and work toward increasing the overall gold resources in the area.
StrataGold’s landholdings in the Mayo gold district now total approximately 740-sq.-km.The company’s existing properties adjacent to Dublin Gulch (Aurex and Lynx) also have significant potential.
StrataGold acquired the Dublin Gulch along with the Clear Creek gold projects in the Mayo area in October from Sterlite Gold’s (SGD-T) subsidiary, New Millennium Mining for US$6 million in cash and 5 million shares.Funding part of the purchase was Newmont Mining (NEM-N) which arranged a $3.2-million private placement.
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