news release you judgeThis did not post first time so if it dups my apologies.
April 18, 2006
Staccato Continues to Define the Lookout Mountain Gold Deposit at South Eureka, Nevada
Vancouver, B.C. - April 18, 2006 - Staccato Gold Resources Ltd. (CAT-TSX-V) is pleased to announce that the series of holes just completed continue to define the lateral limits of the Lookout Mountain gold deposit as well as to demonstrate the stratabound nature of the gold mineralization in thick zones of collapse breccias in lower plate carbonate rocks. This is based on assay results received from ALS Chemex for core holes BH-06-03, BH-06-04 and BH-06-05. These holes are part of a fourteen-hole core drilling program on the Lookout Mountain portion of Staccato's 100% owned South Eureka project on the southern extension of the Cortez Trend, Nevada.
Core holes BH-06-03 and -04 were drilled along what is now know to be a portion of the eastern edge of the deposit. BH-06-03 intersected 21.0 feet (6.4 meters) of 0.046 oz/ton (1.58 g/tonne) from 793.0 to 814 feet (241.0 to 248.2 meters), and BH-06-04 drilled 13.0 feet (4.00 meters) of 0.064 oz/ton gold from 892.0 to 905.0 feet (271.9 to 275.9 meters). These two drill holes demonstrate that the gold mineralization and breccia development thin eastward away from the Ratto Ridge fault. No additional drilling is currently planned in the area east of these core holes.
Core hole BH-06-05 was drilled as a deep test to better define the stratigraphy in the pit area. To maximize the stratigraphy penetrated by the hole, it was collared in an upthrown structural block below the higher grade gold mineralization and drilled to a depth of 1,814 feet (553 meters). The hole bottomed in the Cambrian Prospect Mountain Quartzite, the oldest stratigraphic unit exposed in the Eureka district. The hole intersected a 185-foot (56.4-meter) thick section of geochemically anomalous gold (> 100 ppb) from 100.0 to 285.0 feet (30.5 to 86.9 meters), the lower 15 feet of which (4.6 meters) contain 0.032 oz/ton (1.08 g/tonne) from 270.0 to 285 feet (82.3 to 86.9 meters).
Gold intercepts and information regarding drill holes BH-06-03, BH-06-04 and BH-06-05 are summarized in the following table:
--------------------------------------------------------------------------------
Hole From To Thickness* Au Au Total
--------------------------------------------------------------------------------
BH-06-03 793.0 ft
(241.0 m) 814.0 ft
(248.2 m) 21.0 ft
(6.40 m) 0.046 1.58 1015 ft
(309.5 m)
BH-06-04 892.0 ft
(271.9 m) 905.0 ft
(275.9 m) 13.0 ft
(4.00 m) 0.064 2.19 1300 ft
(396.3 m)
BH-06-05 270.0 ft
(82.3 m) 285.0 ft
(86.9 m) 15.0 ft
(4.6 m) 0.032 1.08 1814 ft
(553 m)
--------------------------------------------------------------------------------
*Because of the apparent flat-lying nature of the mineralization, each intercept is believed to represent the true thickness of the mineralized interval.
Detailed logging of previously reported core hole BH-06-01, located approximately 130 feet (40 meters) west of BH-05-03, indicates that the hole was collared stratigraphically below the high grade intersected in BH-05-03 but did intersect the lower jasper zone as represented by a 407- foot (125-meter) thick zone of gold mineralization hosted by the brecciated and mostly oxidized jasperoid. The upper 308 feet (94-meter) of the zone from 270 feet to 578 feet (82.3 to 176.2 meters) exhibits intense hypogene oxidation and averages 0.022opt (0.762 g/tonne). This gold zone correlates well geologically with the deep low-grade zones in holes BH-05-01, BH-05-02, and BH-05-03 but is significantly thicker (by a factor of 6 times), contains much more oxide, and is much shallower as it is extended westward toward the Ratto Ridge fault system.
The 2006 core drilling program began February 6, and assuming no significant delays due to spring thaw, the program is expected to be completed by the middle of May. The holes are designed to extend the high grade breccia hosted mineralization along the Ratto Ridge Fault system which has been traced for a length of more than 4 kilometers (2.5 miles) by previous drilling, mapping and sampling. The potential does exist to find this style of mineralization along the length of this fault system.
The Ratto Ridge Fault system represents a small portion of Staccato's 100% owned South Eureka property, which comprises an area of over 17,600 acres (27 square miles) and is one of the largest gold exploration target opportunities held by a junior in Nevada. The property is located in the Eureka Mining district within the Battle Mountain - Eureka Trend, also referred to as the Cortez Trend. Barrick's Archimedes (Ruby Hill) mine is located approximately 7.2 kilometers (4.5 miles) north of the Staccato claim block and is expected to commence production during 2006. Historic production from the district is in excess of 2 million ounces. Staccato's South Eureka property has a rich history of gold production from several open pits including the Windfall Mine, one of Nevada's first open pit heap leach mines.
A QA/QC program is in place for the Lookout Mountain drilling program. Control samples and blanks will be submitted with samples in the check assay program as well as with the primary samples. Control samples and blanks are on hand and additional material will be purchased from the Nevada Bureau of Mines and Geology.
R.H. Russell, M.S. Geo and Qualified Person has approved the contents of this press release.
On behalf of the Board of Directors
STACCATO GOLD RESOURCES LTD
"Greg Hryhorchuk"
Greg Hryhorchuk
Vice-President & CFO
About Staccato Gold Resources Ltd: Staccato Gold is a junior gold exploration company with resources and advanced exploration assets exclusively in Nevada. The Company has assembled a portfolio of five gold prospects in the dominant gold trends in Nevada and has a joint venture agreement in place on its ICBM property in the Cortez Trend with Barrick. For further information, please contact Greg Hryhorchuk, CFO at 604-682-8789 or visit our website at www.staccatogold.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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 statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
HOME STOCK QUOTE NEWS RELEASES CORPORATE
CONTACT US
--------------------------------------------------------------------------------