Stroud Intersects 280.20(g/t) Silver, 1.70 (g/t) Gold and 2.37% Zinc Over 11.3 Metres in Mexico 2008-03
March 06 2008 - 6:01PM
Marketwired
TORONTO, ONTARIO ("Stroud" or the "Company") is pleased to
announce results from four drill holes in its current drill
programme at the Santo Domingo project in central Mexico.
Diamond drill hole SD-16 intersected a mineralized zone grading
280.2(g/t) silver, 1.70(g/t) gold, 2.37% zinc and 0.42% lead over
11.3 metres or 492.72(g/t) silver equivalent(1). Drill hole SD-14,
drilled 98 metres to the south of SD-16, intersected 156(g/t)
silver and 0.89(g/t) gold, 0.32% lead and 0.39% zinc over 15.1
metres, or a silver equivalent(1) of 235.01(g/t), including 7.6
metres of 181.83(g/t) silver and 0.833(g/t) gold as well as zinc
and lead values for a silver equivalent(1) of 266.52(g/t).
Drill hole SD-15, drilled below SD-14, intersected 36.6 metres
of 83.33(g/t) silver, 0.50(g/t) gold and lead and zinc values for a
silver equivalent(1) of 172.20(g/t), including 8.6 metres of
113.69(g/t) silver and 0.55(g/t) gold, 1.62% lead and 1.99% zinc
for a silver equivalent(1) of 317.27(g/t). Drill hole SD-13
intersected 3.0 metres of 165(g/t) silver and 0.64(g/t) gold as
well as 2.02% lead and 3.55% zinc for a silver equivalen(1) of
464.45(g/t). SD-13 also intersected 16.5 metres of 36.55(g/t)
silver, 0.653(g/t) gold and 0.55% lead and 1.30% zinc for a silver
equivalent(1) of 153.45(g/t).
To view the accompanying figure, please visit the following
link: http://media3.marketwire.com/docs/sdr306.pdf
-----------------------------------------------------------------------
Depth Silver
from Depth Length Silver Gold equiv.
Hole (m) to (m) (m) (g/t) (g/t) Pb % Zn % (g/t)(1)
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Rayas
structure DDH-13 94.5 111.0 16.5 36.55 0.653 0.55 1.30 153.45
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Rayas
structure DDH-13 131.0 134.0 3.0 165.0 0.640 2.02 3.55 464.45
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Guadalupe DDH-14 57.0 72.1 15.1 156.03 0.890 0.32 0.39 235.01
-----------------------------------------------------------------------
Structure (incl.) 58.5 66.1 7.6 181.83 0.833 0.39 0.51 266.52
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Guadalupe DDH-15 49.7 86.6 36.6 83.33 0.50 0.54 0.79 172.20
-----------------------------------------------------------------------
Structure (incl.) 64.8 73.4 8.6 113.69 0.55 1.62 1.99 317.27
-----------------------------------------------------------------------
(incl.) 78.4 86.6 7.9 98.02 0.50 0.428 0.87 184.50
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Rayas
structure DDH-16 6.1 17.4 11.3 280.20 1.70 0.42 2.37 492.72
-----------------------------------------------------------------------
-----------------------------------------------------------------------
(1)The following metal prices were used in the calculation of silver
equivalent used in this press release: Silver USD19.35/oz, gold
USD960/oz, lead USD1.54/lb, and Zinc USD1.25/lb. The widths above are
drill intercepts and not true widths. True widths to be determined.
Stroud is very pleased to note that drilling continues to
intersect wide well mineralized zones in both the Guadalupe
structure and Rayas structure. Stroud intends to systematically
test these structures in the months ahead in order to delineate a
N43-101 compliant resource.
The drill core sampling program includes the use of tamper proof
sample bags, 10% blanks and certified standard reference samples.
The drill core is sawed in half, with one half sent out for assay
and the other half stored in Stroud's secure facility. The samples
are subjected to full sample preparation followed by a 30 g fire
assay with a gravimetric finish. George Coburn PGeo., President and
CEO of Stroud Resources Ltd. is the qualified person within the
meaning of National Instrument 43-101 for the project, and has
prepared or supervised the preparation all scientific and technical
data contained in this news release, including sampling, analytical
and test data. Analytical work is performed by ALS Chemex of
Vancouver, BC, (ISO 9001 Certified assayer).
Stroud is a debt-free exploration company focused on the
discovery and exploration of silver and gold deposit sin Mexico and
Ontario. Stroud owns a 100% interest in the Santo Domingo
epithermal silver-gold project in central Mexico. In addition to
the Santo Domingo project, Stroud's assets include 100% interests
in the Hislop gold property, near Timmins, Ontario and the Leckie
gold property, near North Bay, Ontario. Stroud also generates cash
flow from a 3.75% interest in six natural gas, and natural gas
condensate wells in central Alberta.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Stroud Resources Ltd. Mr. George Coburn President and
CEO (416) 362-4126 Website: www.stroudresourcesltd.com
Stroud Resources (TSXV:SDR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Stroud Resources (TSXV:SDR)
Historical Stock Chart
From Oct 2023 to Oct 2024