ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

CAT Chimata Gold Corp (delisted)

0.00
0.00 (0.00%)
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 Reports Windfall Project Drill Results

19/10/2009 5:56pm

Marketwired Canada


Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to report assay
results from its Windfall project drilling program. The Windfall project,
located approximately 4 kilometres northeast of Staccato's flagship Lookout
Mountain project, is one of several prospective gold projects on the Company's
extensive South Eureka property in Nevada.


Ten holes totaling 2,448 metres (8,030 feet) were completed during the program.
Five of the holes were drilled as offsets to follow up on the high grade gold
intercept drilled in hole 4 last year (5.25 g/t over 22.9 metres or 75 feet @
0.153 opt), and five were drilled as exploratory holes to test the strike and
dip extent of the Windfall fault zone.


Highlights of the program include:

- Confirmation that the Windfall fault zone is an extensive structural zone that
measures up to 90 metres (300 feet) wide, and contains two or more significant
zones of mineralization. Staccato has currently tested approximately 1,100
metres (3,600 feet) of the Windfall fault zone, which is part of an extensive
regional structural trend that extends south onto Staccato's other projects.


- A secondary hanging wall structure identified by surface mapping and drilling
indicates another untested contact zone exits at depth.


- Several thick intercepts of gold mineralization were returned:

 -- Hole 7: 41.1 metres at 0.379 g/t gold (135 feet at 0.011 opt)

 -- Hole 8: 41.1 metres at 0.549 g/t gold (135 feet at 0.016 opt)

 -- Hole 9: 34.4 metres at 0.358 g/t gold (115 feet at 0.010 opt)

 -- Hole 11: 30.4 metres at 0.617 g/t gold (100 feet at 0.018 opt)

All holes in the exploration program encountered thick intercepts of low grade
gold (holes 5 - 12) or anomalous gold mineralization (holes 13 and 14) within
the Windfall fault zone. The offset and exploration holes drilled define the
Windfall fault zone as a 45 to 60 metre (150 to 200 foot) thick zone striking
roughly north-south and dipping approximately 60 degrees to the east.


The offset program was designed to surround hole 4 with 60 metre (200 foot)
offset intersections, however holes 6 and 7 deviated strongly to the southwest,
finishing underneath hole 8 approximately 60 metres (200 feet) south. Mapping
suggests that a potential northeast cross structure may have caused the
deviation.


A secondary hanging wall structure identified by the mapping program was also
encountered in drill holes 7, 8, 11, and 13 and is characterized by strong
silicification and decalcification of Windfall Formation and Dunderberg shale in
the hanging wall side of the fault, and Dunderberg shale and Hamburg Dolomite on
the footwall side. Drilling indicates a down to the east offset of the
Dunderberg - Hamburg contact. This secondary structure represents an attractive
and untested target at depth.


Results from the surface mapping program, historic production and geologic maps,
and drilling indicate that high grade gold is locally controlled within cross
structures cutting the main Windfall fault zone. The current program tested
approximately 1,100 metres (3,600 feet) of the Windfall fault zone with wide
spaced drilling. The Windfall fault zone is part of an extensive mineralized
structural trend which extends for over 5,250 metres (+17,000 feet) based on
historic data. Staccato plans to continue to assess the potential of the
prospective Windfall fault zone and the regional trend, with additional surface
mapping, sampling, geophysical surveys, and exploration drilling planned for the
future.


The following table outlines significant intercepts at a 0.334 g/t (0.010 opt)
cutoff:




---------------------------------------------------------------------------
                                    Drilled
Hole              From        To  Thickness        Grade  Comments
---------------------------------------------------------------------------
BHWF-005         131 m     137 m      6.1 m    0.386 g/t  Hole lost in main 
Exploration    (430 ft)  (450 ft)    (20 ft)  (0.011 opt) fault zone at 
                                                          227 m (745 ft)
---------------------------------------------------------------------------
BHWF-006         152 m   161.5 m      9.1 m    0.606 g/t  Both intervals in 
Offset         (500 ft)  (530 ft)    (30 ft)  (0.018 opt) zone from 
                                                          140 - 235 m 
                                                          (460 - 770 ft) 
                                                          average 0.157 g/t
---------------------------------------------------------------------------
                 209 m     212 m     3.05 m    0.651 g/t
               (685 ft)  (695 ft)    (10 ft)  (0.019 opt)
---------------------------------------------------------------------------
BHWF-007         186 m     227 m     41.1 m    0.379 g/t
Offset         (610 ft)  (745 ft)   (135 ft)  (0.011 opt)
---------------------------------------------------------------------------
                 186 m     194 m      7.6 m    0.583 g/t
 including     (610 ft)  (635 ft)    (25 ft)  (0.017 opt)
---------------------------------------------------------------------------
                 216 m     227 m     10.7 m    0.984 g/t
 and           (710 ft)  (745 ft)    (35 ft)  (0.029 opt)
---------------------------------------------------------------------------
BHWF-008       129.5 m   170.7 m     41.1 m    0.549 g/t
Offset         (425 ft)  (560 ft)   (135 ft)  (0.016 opt)
---------------------------------------------------------------------------
BHWF-009       100.6 m     135 m     34.4 m    0.358 g/t
Offset         (330 ft)  (445 ft)   (115 ft)  (0.010 opt)
---------------------------------------------------------------------------
 including     106.7 m     116 m      9.1 m    1.063 g/t
               (350 ft)  (380 ft)    (30 ft)  (0.031 opt)
---------------------------------------------------------------------------
 and           108.2 m   109.7 m      1.5 m    3.497 g/t
               (355 ft)  (360 ft)     (5 ft)  (0.102 opt)
---------------------------------------------------------------------------
BHWF-010       190.5 m   199.6 m      9.1 m    0.337 g/t  Fault zone from 
Offset         (625 ft)  (655 ft)    (30 ft)  (0.010 opt) 160 - 204 m 
                                                          (525 - 670 ft) 
                                                          averages 
                                                          0.191 g/t Au
---------------------------------------------------------------------------
BHWF-011       135.6 m     140 m      4.6 m    0.640 g/t
Exploration    (445 ft)  (460 ft)    (15 ft)  (0.019 opt)
---------------------------------------------------------------------------
                 189 m   219.5 m     30.5 m    0.617 g/t
               (620 ft)  (720 ft)   (100 ft)  (0.018 opt)
---------------------------------------------------------------------------
BHWF-012           0 m    3.05 m     3.05 m    0.377 g/t
Exploration      (0 ft)   (10 ft)    (10 ft)  (0.011 opt)
---------------------------------------------------------------------------
                  44 m    45.7 m      1.5 m    1.577 g/t
               (145 ft)  (150 ft)     (5 ft)  (0.046 opt)
---------------------------------------------------------------------------
BHWF-013               No Significant Intercepts          Fault zone from 
Exploration                                               122 to 160 m 
                                                          (400 - 525 ft) 
                                                          averages 
                                                          0.121 g/t Au
---------------------------------------------------------------------------
BHWF-014               No significant intercepts          Fault zone from 
Exploration                                               146 to 180 m 
                                                          (480 - 590 ft) 
                                                          averages 
                                                          0.180 g/t Au
---------------------------------------------------------------------------



All assays for the program were performed by Inspectorate America Corporation,
an ISO 9001 certified assay lab. Drill samples were analyzed for gold using a
Fire Assay method with an ICP-AES finish on a 30 gram aliquot. All analyses
containing 0.343 g/t (0.01 opt) gold or greater were analyzed using a hot
cyanide leach with an AA finish. Check assays on significant intercepts will be
completed by ALS Chemex Laboratories, an ISO 9001 certified laboratory.


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.


1 Year Chimata Gold Corp. Chart

1 Year Chimata Gold Corp. Chart

1 Month Chimata Gold Corp. Chart

1 Month Chimata Gold Corp. Chart

Your Recent History

Delayed Upgrade Clock