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StrataGold received SRK recommendations to advance Tassawini, Guyana

Published: Aug 16,2008 09:03:09

 

StrataGold received SRK recommendations to advance Tassawini, Guyana
StrataGold Corporation (SGV.TSX) is pleased to announce the Company has filed the technical report for the National Instrument (NI) 43-101 Mineral Resource estimate for both the Tassawini and Sonne Deposits located on the Tassawini property, Guyana (see news release dated June 10, 2008). The technical report was prepared by SRK Consulting (Canada) Inc. ("SRK") and filed July 25, 2008 on SEDAR.

SRK Recommendations

- StrataGold should undertake a Preliminary Economic Assessment to
explore the possibilities of extracting the contained gold
economically.
- StrataGold should complete a detailed topographic survey, ABA testing
and geochemical characterization of sulphide and barren rocks,
continue bench scale metallurgical studies and review the
geotechnical data.
- Prior to commencement of a Preliminary Economic Assessment,
StrataGold should consider completing a desktop scoping study.


As recommended by SRK, StrataGold intends to complete a desktop scoping study to support future plans for a Preliminary Economic Assessment. 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 June 8, 2009.

Mineral Resources Estimate

The Mineral 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 are composed of six distinct auriferous zones (Sonne is located at surface and is a flat-lying saprolitic deposit) and are reported using 0.5 grams per tonne (g/t) gold cut-off grade.

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