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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stroud Resources Ltd | TSXV:SDR | 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% | 0.075 | 0.075 | 0.11 | 0 | 12:01:02 |
Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") today announced results from the latest three drill holes in its current drill program at the Santo Domingo project in Central Mexico that has extended the wide mineralized zone on the Rayas structure to the northwest. George Coburn, President and CEO, commented, "These holes continue to demonstrate a wide mineralized system that is open along strike and to depth. We are very encouraged by the character of the mineralization that exhibits good continuity and high grades. DDH-23 intersected a wide mineralized zone that assayed 83.26 g/t silver and 0.28 g/t gold over 76.5 metres, for a silver equivalent(1) of 97.82 g/t, including 7.6 metres of 186.97 g/t silver and 0.58 g/t gold for a silver equivalent(1) of 217.13. This hole was drilled at -45 degrees. DDH-24 was drilled on the same section as DDH-23 and was (almost continually mineralized from 35.65 metres to 139.35 metres, a length of over 100 metres, including 9.15 metres of 90.24 g/t silver and 0.13 g/t gold for a silver equivalent(1) of 97.0 g/t. DDH-25 was also drilled on the same section as DDH-23 and DDH-24 and intersected 17.45 metres of 126.62 g/t silver and 0.52 g/t gold, for a silver equivalent(1) 153.66 g/t, including 9.8 metres of 155.94 g/t silver and 0.64 g/t gold for a silver equivalent(1) of 189.22 g/t. --------------------------------------------------------------------------- Structure Hole Depth Depth Length Silver Gold Pb % Zn % Silver from to (m) (2)(m) (g/t) (g/t) equiv. (m) (g/t)(1) --------------------------------------------------------------------------- --------------------------------------------------------------------------- Rayas DDH-23 4.9 81.4 76.5 83.26 0.28 0.11 0.16 97.82 ------------------------------------------------------------------- (incl.) 63.1 81.4 18.3 122.76 0.40 0.30 0.22 143.56 ------------------------------------------------------------------- (incl.) 73.8 81.4 7.6 186.97 0.58 0.55 0.35 217.13 --------------------------------------------------------------------------- --------------------------------------------------------------------------- Rayas DDH-24 35.65 40.25 4.6 105.86 0.60 0.06 0.11 137.06 ------------------------------------------------------------------- (incl.) 49.40 58.55 9.15 90.24 0.13 0.04 0.13 97.00 ------------------------------------------------------------------- (incl.) 86.00 98.15 12.15 59.93 0.53 0.04 0.05 87.49 ------------------------------------------------------------------- (incl.) 119.50 121.05 1.55 252.00 1.44 0.04 0.14 326.88 ------------------------------------------------------------------- (incl.) 136.30 139.35 3.05 124.21 0.10 0.02 0.06 129.41 --------------------------------------------------------------------------- --------------------------------------------------------------------------- Rayas DDH-25 28.9 46.35 17.45 126.62 0.52 0.07 0.09 153.66 ------------------------------------------------------------------- (incl.) 28.9 38.70 9.8 155.94 0.64 0.09 0.12 189.22 --------------------------------------------------------------------------- (1) The silver to gold ratio used for the Silver equivalent calculations is 52:1(Silver USD17.13oz, goldUSD884.70/oz.) (2) The widths above are not true widths. True widths to be determined. These holes were drilled on 5595 N on the Rayas structure and intersected wider than expected zones of silver and gold mineralization. The lead and zinc values are lower as the drilling proceeds northward along the strike of the deposit. This is believed by the Company to be the result of mineral zoning. The deposit continues to show good continuity along strike and down dip. To view Santo Domingo-Mexico Silver-Gold Property map, please visit the following link: http://media3.marketwire.com/docs/santo-domingo.pdf QA/QC The drill core sampling program includes onsite supervision of sampling by Dr. Derek McBride, 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, 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 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 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'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. For additional information please visit: www.stroudresourcesltd.com.
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