StrataGold Corporation: Aurex Drilling Intersects Widespread Sheeted Vein and Skarn Gold Mineralization in 17 of 24 Drill Holes.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 12, 2004 StrataGold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SGV SGV San Gabriel Valley (California) SGV Sycip, Gorres, Velayo & Co (CPAs) SGV Soil Guideline Values SGV Shane Global Village (English language school) SGV Self Guided Vehicle ) is pleased to announce results from its winter drilling program on the Aurex Property located between the towns of Mayo and Elsa, Yukon Elsa was a privately-owned mining town (now closed) based on silver, lead, and zinc in Yukon, Canada. It is located at , between the valley of the Stewart River to the south and the Mackenzie Mountains to the north. . The program consisted of 4,038 metres (m) of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral in twenty six holes testing nine targets over a 7 by 2.5 kilometre (km) area. Drilling targeted magnetic and induced polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. anomalies. Other holes followed up anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. gold intersections in historic percussion percussion /per·cus·sion/ (per-kush´un) the act of striking a part with short, sharp blows as an aid in diagnosing the condition of the underlying parts by the sound obtained. drill holes. Drilling Highlights -- Two distinct styles of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. were intersected consisting of: 1) Sheeted quartz arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. veinlets and associated brittle (jargon) brittle - Said of software that is functional but easily broken by changes in operating environment or configuration, or by any minor tweak to the software itself. Also, any system that responds inappropriately and disastrously to abnormal but expected external stimuli; e. fault and vein breccias with anomalous gold, arsenic arsenic (är`sənĭk), a semimetallic chemical element; symbol As; at. no. 33; at. wt. 74.9216; m.p. 817°C; (at 28 atmospheres pressure); sublimation point 613°C;; sp. gr. (stable form) 5.73; valence −3, 0, +3, or +5. , bismuth bismuth (bĭz`məth) [Ger. Weisse Masse=white mass], metallic chemical element; symbol Bi; at. no. 83; at. wt. 208.9804; m.p. 271.3°C;; b.p. about 1,560°C;; sp. gr. 9.75 at 20°C;; valence +3 or +5. , antimony antimony (ăn`tĭmō'nē) [Lat. antimoneum], semimetallic chemical element; symbol Sb [Lat. stibium,=a mark]; at. no. 51; at. wt. 121.75; m.p. 630.74°C;; b.p. 1,750°C;; sp. gr. (metallic form) 6. and tungsten tungsten (tŭng`stən) [Swed.,=heavy stone], metallic chemical element; symbol W; at. no. 74; at. wt. 183.85; m.p. about 3,410°C;; b.p. 5,660°C;; sp. gr. 19.3 at 20°C;; valence +2, +3, +4, +5, or +6. . 2) Stratabound silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. skarn skarn In geology, a metamorphic zone developed in the contact area around igneous rock intrusions when carbonate sedimentary rocks are invaded by and replaced with chemical elements that originate from the igneous rock mass nearby. horizons with anomalous gold, arsenic, bismuth, antimony and tungsten. -- Significant intersections of sheeted vein style mineralization include 15.00m of 1.51 (grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. ) g/t gold, including 7.50m of 2.51 g/t gold, in hole AX-03-12, and 19.17m of 0.97 g/t gold in hole AX-03-16. -- Significant intersections of sheeted stratabound silicified skarn horizons include 10.01m of 0.74 g/t gold, including 1.01m of 5.30 g/t gold, in hole AX-03-08. -- Mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. structures and stratabound horizons remain open in all directions and have significant potential to host a large bulk tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. gold system. -- Drilling of these significant results and remaining targets is planned for spring 2004. Drill hole intersection highlights are tabulated below (1) ---------------------------------------------------------- Drill From To Length Gold Hole # (metres) (metres) (metres) (grams per tonne) ---------------------------------------------------------- AX-03-12 31.00 32.50 1.50 8.89 ---------------------------------------------------------- AX-03-12 37.00 52.00 15.00 1.51 ---------------------------------------------------------- Including 37.00 44.50 7.50 2.51 ---------------------------------------------------------- AX-03-16 117.70 136.87 19.17 0.97 ---------------------------------------------------------- AX-03-10 81.50 92.00 10.50 1.08 ---------------------------------------------------------- Including 89.00 90.50 1.50 4.61 ---------------------------------------------------------- AX-03-22 101.10 113.10 12.00 0.98 ---------------------------------------------------------- Including 103.20 104.70 1.50 4.63 ---------------------------------------------------------- AX-03-24 105.10 116.38 11.28 0.90 ---------------------------------------------------------- AX-03-08 184.96 194.97 10.01 0.73 ---------------------------------------------------------- Including 187.96 188.97 1.01 5.30 ---------------------------------------------------------- AX-03-09 75.50 113.00 37.50 0.51 ---------------------------------------------------------- (1) see table below for complete listing of significant intersections Sheeted Vein Mineralization The 2003 Aurex drilling program focused on historic percussion grid drilling targets, with numerous intersections of greater than 1 g/t gold over 3m, and magnetic highs with coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. induced polarization chargeability anomalies. Both types of targets are located on Aurex hill (see below & StrataGold website www.stratagold.com for map). Five of fifteen targets were tested over a 2.2km by 0.8km area. Sheeted quartz - arsenopyrite veinlets and brittle faulting was intersected in all holes. The vein system appears to strike east - northeast and dips to the south. The sheeted vein swarms appear to be stratigraphically controlled by more competent quartzite quartzite, usually metamorphic rock composed of firmly cemented quartz grains. Most often it is white, light gray, yellowish, or light brown, but is sometimes colored blue, green, purple, or black by included minerals. and schist schist (shĭst), metamorphic rock having a foliated, or plated, structure called schistosity in which the component flaky minerals are visible to the naked eye. host rocks that also have variable disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. arsenopyrite, pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. and pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. . Individual veins are typically less than 5 centimetres thick containing quartz arsenopyrite with minor pyrite, pyrrhotite and scheelite scheelite (shā`līt, shē`–), heavy white or yellow mineral, calcium tungstate, CaWO4, crystallizing in the tetragonal system. and are enriched in gold, arsenic, bismuth, antimony and tungsten. Gold grades appear to be controlled by vein density with highest densities encountered in AX-03-16 (19.17m of 0.97 g/t gold), AX-03-24 (11.28m of 0.90 g/t gold), AX-03-09 (37.50m of 0.51 g/t gold), and AX-03-01 (15.00m of 0.69 g/t gold) (see below for complete tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. of drill results). All intersections remain open along strike in both directions and down dip. Skarn and Replacement Mineralization Drilling tested three of eight target areas with coincident magnetic low and induced polarization anomalies over a strike length of 3km. The holes intersected a combination of brittle faulting and quartz arsenopyrite veinlets similar to those on Aurex Hill, and narrow stratabound diopside- garnet garnet, name applied to a group of isomorphic minerals crystallizing in the cubic system. They are used chiefly as gems and as abrasives (as in garnet paper). skarn horizons with silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. halos. The best fault and vein complex intersection is 15.00m of 1.51 g/t gold, including 7.50m of 2.51 g/t gold, in hole AX-03-12. Disseminated pyrrhotite, pyrite and arsenopyrite in the silicified skarn horizons contain anomalous gold, arsenic, bismuth, antimony, and tungsten. The best intersection in this style of mineralization is 10.01m (approximate to true thickness) of 0.74 g/t gold, including 1.01m of skarn grading 5.30 g/t gold, in hole AX-03-08 flanked by low grade gold in silicified material. The higher grade skarn style of mineralization and sheeted vein material in hole AX-03-12 is open in all directions. Summary Gold mineralization at Aurex is thought to be genetically related to a mid - Cretaceous granitic intrusion characteristic of the Tintina Gold Belt. The sheeted veins are inferred to be developed above and peripheral to an intrusion. Silicified skarn horizons are thought to be more proximal proximal /prox·i·mal/ (-mil) nearest to a point of reference, as to a center or median line or to the point of attachment or origin. prox·i·mal adj. with the possibility of greater thicknesses and higher grades of this style of mineralization closer to an intrusion. The initial wide spaced drilling on the large Aurex property has confirmed the presence of two styles of gold mineralization over a 10km2 area. Management is very encouraged by the intersection of sheeted vein and fault hosted mineralization in the most easterly drill hole (AX-03-23) and the higher vein density encountered in AX-03-16 and AX-03-24. Management is further encouraged by the presence of higher grade mineralization in silicified skarn horizons in AX-03-08 and sheeted vein fault complexes in AX-03-12. Drilling conducted to date indicates that the Aurex property has the potential to host a large bulk tonnage gold system with several intersections indicating high grade potential. Follow up drilling of significant intersections and numerous untested targets is planned for spring 2004. Significant from the Aurex drill program are tabulated below: ---------------------------------------------------------- Drill From To Length Gold Hole # (metres) (metres) (metres) (grams per tonne) ---------------------------------------------------------- AX-03-01 70.50 77.40 6.90 0.53 ---------------------------------------------------------- AX-03-01 115.40 130.40 15.00 0.69 ---------------------------------------------------------- AX-03-02 96.05 104.28 8.23 0.80 ---------------------------------------------------------- AX-03-03 130.31 137.81 7.50 0.65 ---------------------------------------------------------- AX-03-04 97.46 104.85 7.39 0.78 ---------------------------------------------------------- AX-03-07 48.75 56.25 7.50 0.56 ---------------------------------------------------------- AX-03-07 60.26 68.00 7.74 0.58 ---------------------------------------------------------- AX-03-08 184.96 194.97 10.01 0.73 ---------------------------------------------------------- Including 187.96 188.97 1.01 5.30 ---------------------------------------------------------- AX-03-09 75.50 113.00 37.50 0.51 ---------------------------------------------------------- AX-03-10 21.50 32.00 10.50 0.55 AX-03-10 81.50 92.00 10.50 1.08 ---------------------------------------------------------- Including 89.00 90.50 1.50 4.61 ---------------------------------------------------------- AX-03-11b 41.18 47.18 6.00 0.48 ---------------------------------------------------------- AX-03-12 31.00 32.50 1.50 8.89 ---------------------------------------------------------- AX-03-12 37.00 52.00 15.00 1.51 ---------------------------------------------------------- Including 37.00 44.50 7.50 2.51 ---------------------------------------------------------- AX-03-12 154.70 160.70 6.00 0.77 ---------------------------------------------------------- AX-03-16 36.73 136.87 100.14 0.38 ---------------------------------------------------------- Including 117.70 136.87 19.17 0.97 ---------------------------------------------------------- AX-03-16 159.85 165.85 6.00 0.89 ---------------------------------------------------------- AX-03-18 60.54 68.57 8.03 0.53 ---------------------------------------------------------- AX-03-21 83.05 88.83 5.78 0.48 ---------------------------------------------------------- AX-03-22 101.10 113.10 12.00 0.98 ---------------------------------------------------------- Including 103.20 104.70 1.50 4.63 ---------------------------------------------------------- AX-03-23 86.00 92.26 6.26 0.69 ---------------------------------------------------------- AX-03-24 39.91 70.20 30.29 0.54 ---------------------------------------------------------- Including 41.41 50.81 9.40 0.92 ---------------------------------------------------------- AX-03-24 105.10 116.38 11.28 0.90 ---------------------------------------------------------- AX-03-25 61.34 66.50 5.16 0.68 ---------------------------------------------------------- AX-03-25 108.00 116.40 8.40 0.67 ---------------------------------------------------------- About StrataGold StrataGold Corporation is a new precious metal exploration company focused on gold exploration in the America's. The Company is well financed and has significant exploration programs planned in 2004 giving shareholders an excellent opportunity to participate in the growth of an exciting new gold company. StrataGold continues its pursuit of other gold properties as part of its growth strategy and is expanding its search in the Americas. Review by Qualified Person, Quality Assurance/Quality Control The results of the Aurex drilling program have been reviewed, verified and compiled by StrataGold's geological staff (which includes a qualified person, Terry Tucker, P. Geo., for the purpose of National Instrument 43-101, which outlines standards of disclosure for mineral projects). Under the Company's quality control program, drill core (NQ) is sawn with one half of the core samples shipped to ALS-Chemex Laboratories (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified See certification. ) in Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography for analysis. In addition to the in-house laboratory duplicates, standards and blanks, under StrataGold's sample and assay control program, check assay samples are submitted as a coarse reject to ACME Analytical Laboratories (ISO 9002 certified) to enable comparison of the sample preparation and analysis. Gold analysis is conducted by a combination of fire assay & screen metallics fire assay (30g ALS-Chemex, one assay tonne ACME) using an atomic absorption finish (ALS-Chemex) or Inductively Coupled Plasma An inductively coupled plasma (ICP) is a type of plasma source in which the energy is supplied by electrical currents which are produced by electromagnetic induction, that is, by time-varying magnetic fields. - Emission Spectral finish (ACME). This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on assumptions and judgements of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control and actual results may differ materially from the expected results. Aurex Property detailed drill hole information and location map --------------------------------------------------------------------- Drill Easting Northing Hole UTM UTM Elevation Length # (m) (m) (m) Azimuth Dip (m) Datum --------------------------------------------------------------------- AX-03-01 469783 7082059 973.05 352 -56 136.25 NAD27 Z9 --------------------------------------------------------------------- AX-03-02 469777 7081961 967.07 360 -50 191.11 NAD27 Z9 --------------------------------------------------------------------- AX-03-03 466175 7082985 706.59 360 -60 198.12 NAD27 Z9 --------------------------------------------------------------------- AX-03-04 469872 7082051 973.05 360 -55 126.80 NAD27 Z9 --------------------------------------------------------------------- AX-03-05 470249 7082504 973.05 360 -55 157.58 NAD27 Z9 --------------------------------------------------------------------- AX-03-06 470160 7082556 968.56 360 -55 127.10 NAD27 Z9 --------------------------------------------------------------------- AX-03-07 469023 7082372 928.14 325 -55 105.16 NAD27 Z9 --------------------------------------------------------------------- AX-03-08 466151 7082858 712.57 360 -60 225.55 NAD27 Z9 --------------------------------------------------------------------- AX-03-09 469059 7082308 940.12 325 -55 145.40 NAD27 Z9 --------------------------------------------------------------------- AX-03-10 467470 7082816 769.46 360 -60 172.82 NAD27 Z9 --------------------------------------------------------------------- AX-03-11a Hole Abandoned --------------------------------------------------------------------- AX-03-11b 466146 7082446 718.56 360 -60 166.12 NAD27 Z9 --------------------------------------------------------------------- AX-03-12 467476 7082647 772.46 360 -60 163.71 NAD27 Z9 --------------------------------------------------------------------- AX-03-13 464501 7084164 658.68 360 -85 151.50 NAD27 Z9 --------------------------------------------------------------------- AX-03-14 468702 7083222 827.84 330 -65 179.83 NAD27 Z9 --------------------------------------------------------------------- AX-03-15 Hole Abandoned --------------------------------------------------------------------- AX-03-16 469103 7081817 952.1 360 -50 181.97 NAD27 Z9 --------------------------------------------------------------------- AX-03-17 468702 7083222 827.84 60 -60 146.30 NAD27 Z9 --------------------------------------------------------------------- AX-03-18 469460 7081776 952.1 360 -55 111.86 NAD27 Z9 --------------------------------------------------------------------- AX-03-19 468828 7083138 850.3 172 -80 85.34 NAD27 Z9 --------------------------------------------------------------------- AX-03-20 469091 7083163 877.25 360 -60 161.54 NAD27 Z9 --------------------------------------------------------------------- AX-03-21 469733 7082109 974.55 180 -70 151.49 NAD27 Z9 --------------------------------------------------------------------- AX-03-22 467570 7082817 772.46 350 -55 274.32 NAD27 Z9 --------------------------------------------------------------------- AX-03-23 471199 7082326 959.58 360 -55 167.34 NAD27 Z9 --------------------------------------------------------------------- AX-03-24 469271 7081721 947.6 360 -55 139.29 NAD27 Z9 --------------------------------------------------------------------- AX-03-25 467471 7082770 769.46 360 -75 283.47 NAD27 Z9 --------------------------------------------------------------------- To view the attached map please click on the following link: http://www2.cdn-news.com/database/fax/2000/svg0112.pdf The TSX and TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. have not reviewed and do not accept responsibility for the adequacy of this news release. |
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