Stroud Intercepts Wide Mineralized Zone at Santo Domingo 26.0 Metres of 88.46 g/t Silver and 0.11 g/t Gold Including 8.0 Metr...
01 Dezember 2011 - 11:31PM
Marketwired Canada
Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") today
announced the latest results from its drill program at the Santo Domingo project
in central Mexico. Drill results continue to be very encouraging, with DDH #42
intersecting the "up dip" extension of the mineralization encountered in DDH
#11. The distance between the two mineralized intersections is approximately 175
metres.
Drill hole #38 was drilled under DDH #37 (see press release dated July 20, 2011)
on section 5656 North. The drill core indicates that there is a major structural
change between section lines 5625 North and 5650 North. Faulting was likely post
mineralization and limited the size of the mineralized zone. Drill hole #38
intersected 7.2 metres of 76.53 g/t silver and 0.07g/t gold.
Drill hole #39 was drilled on section 5626 North and was abandoned at a depth of
30.5 metres due to near surface rubble, and intersected 3.1 metres of 47.32 g/t
silver and 0.04 g/t gold.
Drill hole #40 was drilled at section 5626 North at -76 degrees and intersected
15.0 metres of 49.13g/t silver and 0.07 g/t gold as well as 4.0 metres of 61.50
g/t silver and 0.32 g/t gold. Again structural changes in the lithology appear
to have limited the size of the mineralized zone.
Drill hole #41 was drilled on section 5626 North at -60 degrees and intersected
10.0 metres of 44.46g/t silver and 0.09g/t gold.
Drill hole #42 was drilled on section 5829 North at -20 degrees on the Guadalupe
zone and intersected the mineralized zone 175 metres up dip from the
mineralization intersected in Drill hole #11. Drill hole #42 intersected 26.0
metres of 88.46g/t silver and 0.11g/t gold, including 8.0 metres of 231.24g/t
silver and 0.19g/t gold.
Drilling is continuing on the Santo Domingo project, and Stroud is currently
drilling hole #45. Assay results for drill holes #38 to #42 are provided in the
table below.
----------------------------------------------------------------------------
Structure Hole Depth Depth Length Silver Gold
From (m) To (m) (m) (g/t) (g/t)
----------------------------------------------------------------------------
Rayas DDH 38
Section (-60 degrees)
5656 North 172.34 179.54 7.2 76.53 0.07
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Rayas DDH 39
Section (-90 degrees)
5626 North 17.9 21.0 3.1 47.32 0.04
--------------------------------------------------
Stopped at 30.5 metres due to surface rubble
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Rayas DDH 40
Section (-76 degrees)
5626 North 31.0 46.0 15.0 49.13 0.07
--------------------------------------------------
52.0 56.0 4.0 61.50 0.32
--------------------------------------------------
68.0 72.0 4.0 28.50 0.09
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Rayas DDH 41
Section (-60 degrees)
5626 North 41.0 43.0 2.0 72.5 0.08
--------------------------------------------------
90.0 100.0 10.0 44.46 0.07
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Guadalupe DDH 42
Section (-20 degrees)
5829 North 3.0 4.0 1.0 404.0 2.41
--------------------------------------------------
17.0 19.0 2.0 59.50 0.12
--------------------------------------------------
117.0 143.0 26.0 88.46 0.11
----------------------------------------------------------------
Incl. 128.0 139.0 11.0 176.90 0.15
----------------------------------------------------------------
Incl. 131.0 139.0 8.0 231.24 0.19
----------------------------------------------------------------
168.0 173.0 5.0 28.80 0.22
----------------------------------------------------------------------------
The widths above are not true widths. True widths remain to be determined.
To view a map of the Santo Domingo-Mexico Silver-Gold Property , please visit
the following link: http://media3.marketwire.com/docs/stroudsdm.pdf
QA/QC
The drill core sampling program includes onsite supervision of sampling by Dr.
Stew Fumerton. He has included insertion of random blanks and certified
reference material. The drill core is sawed in half, with one half sent out for
assay and the other half stored in Stroud's secure facility. Gold was determined
by Fire Assay with an AA finish whereas silver was determined by ICP after a
four acid total digestion. About 20% of the samples have been checked by
re-assaying using the more traditional Fire Assay gravimetric finish.
George Coburn, P.Geo., 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 of all scientific and
technical data contained in this news release, including sampling, analytical
and test data. Analytical work is performed by ALS Minerals in Vancouver, BC
(ISO 9001) Certified Assayers.
Stroud is a debt-free exploration company focused on the discovery and
exploration of silver and gold deposits in 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 also owns a 100%
interest in the Hislop gold property, near Timmins, Ontario and the Leckie gold
property, near North Bay, Ontario. Stroud has granted St. Andrew Goldfields an
option to earn up to a 60% interest in the Hislop gold property. Stroud also
generates cash flow from a 3.75% interest in six natural gas, and natural gas
condensate wells in central Alberta.
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