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CAT Chimata Gold Corp (delisted)

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Share Name Share Symbol Market Type
Chimata Gold Corp (delisted) TSXV:CAT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Staccato Gold Announces 2009 Exploration Plans-Including Follow-Up on High Grade Windfall Results

04/06/2009 2:47pm

Marketwired Canada


Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to announce its plans
for the upcoming exploration field season. The Company is planning a program
that will entail a minimum of 2,600 metres of drilling at its flagship South
Eureka property. A large portion of the drilling will be dedicated to exploring
prospective areas outside of the main Lookout Mountain project.


Staccato's flagship South Eureka property, located in northeast Nevada, USA, is
an extensive and highly prospective landholding. The property is comprised of
several projects: from early stage projects where historic data indicates the
potential for new discoveries, to the advanced stage Lookout Mountain project,
where a significant gold resource has been identified (refer to Technical Report
and Gold Resource Estimate for the South Eureka District Property, January 15,
2007 filed on SEDAR).


Highlights of the 2009 program:

- Follow-up on high grade drill results at the Windfall project (located
approximately 4 kilometres northeast of Lookout Mountain): 5.25 g/t over 23
metres drilled in 2008 - zone is wide open for expansion. This project hosts
excellent potential for significant new discovery.


- Detailed property wide geologic mapping and sampling to characterize new zones
identified during the 2008 program - leading to the generation of new targets on
the extensive South Eureka property.


- Completion of a 3D geologic model of the Lookout Mountain/Ratto Ridge projects
which incorporates new interpretations based on surface mapping and drill data.


- Completion of a new resource estimate for the Lookout Mountain project.

"Staccato is committed to enhancing shareholder value through the execution of
well-planned, results-driven exploration programs. The Company is also actively
reviewing new opportunities to acquire additional advanced stage gold projects.
Staccato is well financed to accomplish its goals, with approximately $9 million
in its treasury," stated Grant Ewing, President and CEO. "We are very excited to
follow-up on the significant results returned from the Windfall project during
the last exploration drilling campaign. The Windfall project, and other
satellite areas to the main Lookout Mountain project, offer excellent potential
to add gold ounces to our current resource base," added Mr. Ewing.


2009 Program Details:

- An initial 2,600 metre (8,000 foot) drill program to follow-up on the high
grade intercept (5.25 g/t over 22.9 metres) drilled in 2008 at the Windfall
project will commence in late summer/early fall. The North-trending Windfall
fault is mineralized for over 7,500 metres of strike length, with Staccato
controlling over 5,000 metres of strike along the zone. Historic development
drilling and past exploration drilling indicates that the Windfall trend is wide
open for expansion on strike to the north and south, and down dip beneath the
Rustler and Windfall Pits. Target areas north and south of the main Lookout
Mountain project may also be tested during the program.


- A detailed mapping and sampling program covering the entire Ratto Ridge
structural trend that hosts the Lookout Mountain deposit will commence during
the summer. New information on Carlin Deposits, and new stratigraphic knowledge
based on drilling data will be utilized. The principle objectives are to:
characterize offsets along the main mineralized fault zones at Windfall and
Lookout Mountain, identify orientations of mineralized cross structures
intersecting the main structural zones, and follow up on soil anomalies
identified during the 2008 field program.


- Emphasis will be placed on understanding structural controls and relating
surface geology with drill hole information to upgrade the three dimensional
knowledge of geology hosting existing gold resources. The modeling and mapping
program will allow better generation of drill targets for discovering additional
gold resources outside of the main Lookout Mountain project.


- Completion of an updated NI 43-101 resource estimate for the Lookout Mountain
project. This will resolve all outstanding technical issues identified in the
past. The updated resource estimate will be based on the new geologic model and
grade shell constraints, and is expected to be completed in late fall/early
winter of this year.


The following work programs are currently underway:

- Re-logging of approximately 400 historic drill holes in light of knowledge
gained regarding host rocks and stratigraphy during the 2008 program.


- Reinterpretation of geology and structure, and construction of a 3-D model of
the geology, based on the results of the re-logging and mapping efforts. This
will allow for better targeting along structure, and assist in identifying
controls on high grade mineralization.


- Re-modelling and developing low and high grade mineralization shells based on
improved understanding of geologic constraints.


- An exploration Plan of Operations (POO) has been submitted to the Bureau of
Land Management (BLM) and the State Department of Environmental Protection
(NDEP) for the Lookout Mountain project. The POO calls for 108 hectares (266
acres) of disturbance that can be accessed for use in a phased approach, and
covers the entire Ratto Ridge structural zone. The POO utilizes existing
Environmental Assessments to minimize additional biological or cultural studies
that may be required, thus reducing the time necessary for approval by the BLM
and NDEP. Staccato is waiting to hear which additional studies may be necessary
before the POO is approved. The POO will allow Staccato to complete additional
infill, metallurgical, and exploration drilling necessary to bring the Lookout
Mountain project toward feasibility.


This press release was reviewed by Gary Edmondo, M.Sc. Geology, who is
Staccato's Senior Exploration Manager, and a Qualified Person as defined by
National Instrument 43-101 of the Canadian Securities Administrators.


On behalf of the Board of Directors

STACCATO GOLD RESOURCES LTD.

Grant Ewing, President & CEO, Director

About Staccato Gold Resources Ltd.: Staccato Gold is a well funded junior gold
exploration company with resources and advanced stage exploration assets located
exclusively in Nevada. The Company has assembled a portfolio of prospective gold
prospects in the dominant gold trends in Nevada.


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 information within the meaning of Canadian
securities laws. Forward-looking information is based on numerous assumptions,
including that equipment and personnel will be available when required, that no
delays are experienced in the planned work programs, that technical issues
identified in the previous resource estimate for the Lookout Mountain project
can be addressed and within the time frame anticipated, and that all necessary
approvals for the planned programs will be obtained in a timely manner, and are
subject to all of the risks and uncertainties inherent in the Company's
business, including risks inherent in resource exploration and development such
as, but not limited to, risk of delay in obtaining permits and approvals, the
risk that actual results of exploration activities will be different than
anticipated, risk of failure of equipment, accident, labor disputes and other
risks associated with mineral exploration activities. Although the Company has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results to
not be as anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Readers are cautioned not to place undue reliance on forward-looking information
due to the inherent uncertainty thereof.


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1 Year Chimata Gold Corp. Chart

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