Staccato ( CAT-TSXV ) Cuts High Grade Gold STACCATO GOLD RESOURCES Quick Quote : CAT 0.30 (+0.14)
Staccato Cuts High Grade Gold at South Eureka
12/19/2005
VANCOUVER, BRITISH COLUMBIA, Dec 19, 2005 (CCNMatthews via COMTEX) --
Staccato Gold Resources Ltd. (TSX VENTURE:CAT) -
Upper zone: 3 feet of 2.25 opt (77.1 grams/tonne)
Lower zone: 80 feet of 0.21 opt (7.35 grams/tonne) in hole BH-05-03
Staccato Gold Resources Ltd. has received assay results from ALS Chemex for the first two holes of its 3000 ft., 3-hole drill program on the Lookout portion of the Company's 100% owned property on the southern extension of the Cortez Trend, Nevada.
Core hole BH-05-03 intersected 3 feet of 2.25 opt (77.1 g/tonne) from 193 to 196 feet and 80 feet of 0.21 opt (7.35 g/tonne) from 380 to 460 feet. Core hole BH-05-02 intersected 10 feet of 0.17 opt (5.75 g/tonne) from 265 to 275 feet and 25 feet of 0.20 opt (6.72 g/tonne) from 425 to 450 feet.
Gold intercepts received to date are summarized in the following table:
----------------------------------------------------------------------------------------------------------------------------------------Hole From To Thickness Au Au TD (ft) (ft) (ft) (opt) (g/tonne) (ft)--------------------------------------------------------------------BH-05-01 Pending Pending 990BH-05-02 265 275 10 0.168 5.75 999.5 425 450 25 0.196 6.72 715 730 15 0.046 1.57 755 780 25 0.039 1.34BH-05-03 193 196 3 2.250 77.10 1030 380 460 80 0.215 7.35 700 745 45 0.048 1.65----------------------------------------------------------------------------------------------------------------------------------------
The gold rich zones contain abundant visible orpiment and realgar, fine grained pyrite, and carbon. Each hole also contains a deeper zone 40 to 45 feet thick which averages about 0.045 opt (1.5 g/tonne) and is associated with semi-massive arsenic rich pyrite.
Staccato anticipates receiving assay results for the remaining hole shortly.
The three 1,000 foot deep holes drilled with core were intended to provide better sampling and an examination of the geologic framework in both oxide and sulfide zones beneath and around the Lookout pit. The holes were drilled along a northwest-southeast line parallel to and east of the Ratto Ridge Fault. Holes BH05-1 and BH05-2 are separated by 340 feet and were drilled beneath the existing pit, hole BH05-03 was drilled outside the pit 140 feet south of BH05-02. Assays results for the two holes demonstrate strata bound mineralization characteristics related to collapse breccias in lower plate carbonate rocks and in addition, typical Carlin style geochemistry of anomalous arsenic, antimony, mercury, thalium and zinc associated with the gold mineralization. The geologic features seen in the holes are strikingly similar to those seen in high grade breccia-hosted ore bodies in both the Carlin and Cortez Trends. Further drilling is planned in the first half of 2006 and will be designed to test the receptive stratigraphy closer to the Ratto Ridge Fault and other structures which are feeders for the gold system.
Staccato's 100% owned South Eureka property 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 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 which was one of Nevada's first open pit heap leach mines.
Previous shallow rotary and reverse circulation drilling at the Lookout Mountain portion of the property has defined a 43-101 compliant, near surface resource in lower plate carbonate rocks totaling 445,000 ounces which remains open for expansion. Mine Development Associates of Reno, Nevada has estimated the gold resources on the Lookout Mountain portion of the property as follows:
1. Measured Mineral Resource of 4.75 million tons at 0.020 ounces per ton gold. (95,000 oz.)
2. Indicated Mineral Resource of 8.27 million tons at 0.021 ounces per ton gold. (173,600 oz.)
3. Inferred Mineral Resource of 9.31 million tons at 0.019 ounces per ton gold. (176,900 oz.)
For full details on the Lookout Mountain resource estimation, please refer to the May 10, 2005 R. Russell report posted on SEDAR.
R.H. Russell, M.S. Geo and Qualified Person has approved the contents of this press release.
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 joint venture/option agreements in place on two of its properties with Barrick and Placer Dome.
On behalf of the Board of Directors
STACCATO GOLD RESOURCES LTD.
Greg Hryhorchuk, Vice-President & CFO
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.
SOURCE: Staccato Gold Resources Ltd.
Staccato Gold Resources Ltd. Greg Hryhorchuk CFO (604) 682-8789 www.staccatogold.com
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