You guys are forgetting about this:Staccato Cuts 37 feet of 0.284 opt '9.73g/t' at South Eureka, Nevada
3/15/2006
(9.73 g/t is very encouraging over a pay zone of 37 feet ...A69)
VANCOUVER, BRITISH COLUMBIA, Mar 15, 2006 (CCNMatthews via COMTEX) --
Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to announce that it has received assay results from ALS Chemex for core holes BH-06-01 and BH-06-02, the first two holes from a recently expanded 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.
Encouraged by initial results, the 2006 program has been expanded from 9 holes to 14 holes to further extend the high-grade breccia-hosted mineralization a greater distance along strike as well as laterally to the west to intersect possible feeder structures.
Core hole BH-06-01 intersected a composite 248 feet (75.6 meters) of 0.026 opt (0.87g/tonne) hosted by oxidized, brecciated jasperoid between 285 and 578 feet (86.9 to 176.2 meters). BH-06-01 is located approximately 130 feet (39.6 meters) WNW of BH-05-03 and extends the lower, potentially significant zone of gold mineralization intersected in earlier drilled holes laterally to the west. Drill hole BH-06-02, located approximately 225 feet (68.6 meters) SE of BH-05-01 and 155 feet NNW of BH-05-02, intersected 37 feet (11.3 meters) of 0.284 opt (9.73g/tonne) in a high-grade zone correlating to the high-grade zones in all three of the 2005 drill holes. The high-grade gold zones are characterized by collapse breccia containing locally abundant amounts of realgar and orpiment. The lower grade zone of mostly oxidized material intersected in BH-06-02, and also in the 2005 core holes, locally contains high percentages of massive pyrite and may be indicative of a large and expanding gold zone of increasing significance within the Lookout Mountain mineral system. The drilling completed to date in the 2006 program continues to demonstrate the stratabound nature of the gold mineralization in thick zones of collapse breccias within lower plate carbonate rocks.
Gold intercepts for drill holes BH-06-01 and BH-06-02 are summarized in the following table:------------------------------------------------------------------------------------------------------------------------------------------Hole From To Thicknes(1) Au Au TD (ft) (ft) (ft) (opt) (g/tonne) (ft)---------------------------------------------------------------------BH-06-01 285 330 45 0.020 0.689 1039 350 380 30 0.022 0.760 395 470 75 0.026 0.875 480 578 98 0.029 0.993BH-06-02 435 472 37 0.284 9.73 1000 690 700 10 0.047 1.62------------------------------------------------------------------------------------------------------------------------------------------(1) True thicknesses are indicated by the apparent flat-lying nature of the mineralization.
The 2006 core drilling program began Monday, February 6 and, as of the end of day shift March 14, five core holes have been completed for a total of 1,891 meters (6,204 feet) drilled. A sixth core hole has been collared, located on the east side of the Lookout Mountain target area. The expanded core drilling program is now expected to be completed by early May.
The 2006 program initially consisted of 9 planned holes, each to be completed to a depth of at least 300 meters (1,000 feet) and designed to follow-up the successful November, 2005 drill program. The thickness of the mineralized brecciated jasperoid in BH-06-01 indicates that the envelope of the Lookout Mountain gold mineralization may be thicker and more extensive than would have been tested in the original nine-hole core drilling program. The feeder structures for the Lookout Mountain gold mineralization are part of 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 exists 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.
R.H. Russell, M.S. Geo and Qualified Person has approved the contents of this press release and is responsible for quality assurance and quality control of exploration undertaken at the Lookout Mountain project, Nevada.
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.
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 Website: www.staccatogold.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
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