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SDR Stroud Resources Ltd

0.105
0.00 (0.00%)
22 Jul 2024 - Closed
Delayed by 15 minutes
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% 0.105 0.075 0.09 0 19:52:36

Stroud Intersects 280.20(g/t) Silver, 1.70 (g/t) Gold and 2.37% Zinc Over 11.3 Metres in Mexico 2008-03

06/03/2008 11:01pm

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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

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