Staccato Gold Provides Update on Summer Program at Flagship South Eureka Property
2009年8月10日 - 10:59PM
Marketwired
Staccato Gold Resources Ltd. (TSX VENTURE: CAT) is pleased to
provide an update on the summer exploration program at its flagship
South Eureka property. A detailed mapping and sampling program
covering the entire Ratto Ridge structural trend that hosts the
Lookout Mountain deposit commenced earlier this summer. Staccato's
summer work also includes continuation of historic drill hole
re-logging which is necessary for cross section work, and the
generation of a 3D model to aid in future targeting and
re-evaluation of the Lookout Mountain resource estimate.
Windfall Project
Preliminary mapping along the Windfall corridor and within the
Rustler and Windfall pits has now been completed and drill targets
have been selected. Rock sampling programs to cover outcrop and in
pit exposures will begin when drilling starts.
The upcoming drill program will target several new zones, as
well as offset last year's intercept in hole 4 (5.25 g/t Au over 23
metres). A track mounted drill rig is expected to arrive at site in
late August to start the 2,600 metre (8,000 foot) program.
Lookout Mountain Project
Mapping at the Lookout Mountain project is focused on gaining a
better understanding of structural and stratigraphic controls on
mineralization which will aid in the re-evaluation of the Lookout
Mountain resource estimate, and help delineate future drill
targets. Preliminary results are encouraging with several new drill
targets generated based on the work completed this summer.
Preliminary assay results for sampling on several northeast
trending structures are encouraging with surface gold values up to
approx. 2 grams per tonne occurring north of the Lookout Pit.
Additional altered structures encountered include northwest and
east-northeast striking zones. Please refer to Staccato's website
for maps and a table of the sampling program results. The mapping
and sampling program will continue into the fall.
Plan of Operations for Lookout Mountain Project
In preparation for future drilling at the Lookout Mountain
project, Staccato has submitted a Plan of Operations to the BLM and
Nevada Department of Environmental protection. The Plan of
Operations was submitted in March 2009, and is undergoing review at
both government agencies. The plan covers the entire length of the
Ratto Ridge and proposes 100 hectares (approx. 246 acres) of
disturbance, which will be distributed over a phased exploration
program. The phased approach allows Staccato to only bond for
acreage proposed for each program and requires plans to be
submitted on a yearly basis. Staccato utilized an Environmental
Assessment and Plan of Operations submitted to the BLM by Alta Gold
in 1998.
This press release was reviewed by Gary Edmondo, M.Sc. Geology,
who is Staccato's Senior Exploration Manager, and a Qualified
Person as defined by National Instrument 43-101 of the Canadian
Securities Administrators.
On behalf of the Board of Directors
STACCATO GOLD RESOURCES LTD.
Grant Ewing, President & CEO, Director
About Staccato Gold Resources Ltd.: Staccato Gold is a well
funded junior gold exploration company with resources and advanced
stage exploration assets located exclusively in Nevada. The Company
has assembled a portfolio of prospective gold prospects in the
dominant gold trends in Nevada.
Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, are forward-looking
information within the meaning of Canadian securities laws.
Forward-looking information is based on numerous assumptions,
including that equipment and personnel will be available when
required, that no delays are experienced in the planned work
programs, that technical issues identified in the previous resource
estimate for the Lookout Mountain project can be addressed and
within the time frame anticipated, and that all necessary approvals
for the planned programs will be obtained in a timely manner, and
are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource
exploration and development such as, but not limited to, risk of
delay in obtaining permits and approvals, the risk that actual
results of exploration activities will be different than
anticipated, risk of failure of equipment, accident, labor disputes
and other risks associated with mineral exploration activities.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that cause actions, events or results to
not be as anticipated, estimated or intended. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Readers are
cautioned not to place undue reliance on forward-looking
information due to the inherent uncertainty thereof.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Staccato Gold Resources Ltd. Gareth Thomas
604-682-8789 www.staccatogold.com
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