reading some old news releases
Toronto, Canada, January 24, 2011 - Stroud Resources Ltd. (TSXV-SDR) ("Stroud") is pleased
to announce that it has issued and sold a further 8,229,430 units under its previously announced
non-brokered private placement raising additional gross proceeds of $576,060.10. Each unit
consisted of one common share and one-half of one common share purchase warrant, with each
warrant entitling the holder to acquire one common share at a price of
.12 for a period of 24
months from the date of issue. In connection with the placement, the Company paid cash finder's
fees of $34,339.20 to registered dealers who arranged for some of the purchasers of units. All
securities issued pursuant to the private placement are subject to a 4-month hold period.
A total of $2,263,318.12 was raised by Stroud in the private placement and no further sales are to
occur under the placement. Proceeds from the private placement will be used for general
corporate purposes and to fund a 6 to 9 month diamond drilling program on Stroud's 100% owned
Santo Domingo silver project in Jalisco, Mexico. It is currently anticipated that drilling will
commence in February 2011. The drilling program is designed to increase the estimated resources
for the project and to provide valuable information for a scoping study intended to be carried out
after the drilling program. Work would include metallurgical testing, environmental impact
studies and detailed surveying of the potential open pit location.
Toronto, Canada June 23, 2011- Stroud Resources Ltd. (TSX.V-SDR) (“Stroud”) is pleased to
announce that the 2011 exploration program is underway at its Hislop Gold Project near Timmins,
Ontario.
St Andrew Goldfields Ltd. (TSX-SAS), who has been granted the right by Stroud to earn up to a 60%
interest in the project, plans on commencing with a 10,000 metre drilling program in approximately 20
boreholes. St Andrew currently has one drill on the property and is expected to add a second drill in the
coming months. The drill program has been designed with the goal of doubling the existing resources
on the property.
In addition, St Andrew is planning to commence environmental work on the property, which includes
the collection of baseline data for preliminary permitting for advanced exploration work. These studies
will augment previous data collected for St Andrew's environmental study on its Hislop Mine property,
which adjoins Stroud's Hislop property.
Previous drill programs have successfully traced a mineralized system on Stroud’s Hislop property
extending over a strike length of approximately 650 metres with drill hole intersections down to a
vertical depth of 400 metres. This mineralized system primarily consists of a bi-furcating system of
quartz veins, trending northwest with a central vein system dipping approximately 70 degrees to the
south. Specifically, the auriferous mineralization is closely associated with “grey veins”, which in turn
are associated with multiple silica events carrying fine grained pyrite and cutting previous or closely
coincident quartz veins, silicified feldspar porphyry or silicified volcanics.
George Coburn, P.Geo. President and CEO of Stroud Resources Ltd., is the Qualified Person within the
meaning of National Instrument 43-101 and has reviewed and approved this news release.
News should be out soon I hope from the drilling program on hislop and I hope they doubled the resource value !
Yip Yip Lets get some more drills turning