StrataGold aggressively pursuing Guyana projects

StrataGold aggressively pursuing Guyana projects
Kaieteur News, 25 September 2007
Canadian Company, StrataGold plans to aggressively pursue its Tassawini
project in Region One (Barima/Waini).

While the project deposit resource estimate reported earlier this year
fell short of expectations in terms of size, the company projects that
those deposits represent only a small portion of the known gold targets
on the Tassawini and Anaturi Prospecting Licenses (PLs).

President and CEO, Terry Tucker says that with this resource estimate
as a strong starting point, geologists have taken the opportunity to
reinterpret the geological and exploration model.

“We have applied advanced exploration methods to gain a better
understanding of the numerous gold anomalies on the Tassawini and
Anaturi PLs and how best to advance the exploration of these
prospects,” Tucker stated. He said this exploration work has already
been successful with the discovery of a saprolitic gold target at Sonne
North and South, located less than one kilometre away from the
Tassawini deposit.

Drilling at this time, he said, continues to focus in the immediate
vicinity of the Tassawini deposit which remains open and new areas that
have been defined by induced polarization (IP) ground geophysical
surveys, soil sampling, trenching and drilling programs.

According to Tucker, nine separate combined geophysical/gold soil
geochemical anomalies are presently being tested on the PLs.

“The drills are turning and we will continue drilling until December.
It is planned to update the resource estimate in the future upon
completion of sufficient drilling,” Tucker noted.

StrataGold signed a Memorandum of Understanding (MoU) in August of this
year with the Amerindian community of Chinese Landing, located adjacent
to the Tassawini project.

Tucker said that to the best of the company's knowledge, the MoU
represents the first comprehensive agreement signed between a company
and an Amerindian community in the history of mining and exploration in
Guyana .

“The MoU underpins StrataGold's efforts to move towards a gold mining
operation at Tassawini while assisting the community in addressing
social, cultural and environmental needs,” Tucker stated.

On the district scale in Guyana , the company's exploration efforts
have also resulted in a new discovery on the Monosse Project, a 50/50
joint venture with Newmont Overseas Exploration Limited.

Drilling has commenced following recently completed ground geophysical
and geochemical surveys, mapping and trenching programs conducted over
the past four months.

Tassawini is an advanced stage gold exploration property centered on
the site of the former producing Tassawini Gold Mine where, between
1907 and 1914, an estimated 11,200 ounces of gold were recovered.

Prior to acquisition, the property was subject to extensive exploration
estimated to have cost over US$10 million.

StrataGold is a mineral exploration company engaged in the acquisition,
exploration and development of mineral properties in the Yukon , Canada
and Guyana .

The company is currently focusing its exploration activities on gold,
and holds interest in seven properties in the Yukon , two properties in
Ontario , Canada , as well as one gold property and a reconnaissance
permit in Guyana .