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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 359.47(g/t) Silver 1.63(g/t) Gold Over 4.55 Metres on its Santo Domingo Project in Mexico

29/04/2008 1:38pm

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TORONTO, ONTARIO ("Stroud") is pleased to announce results from its three most recent drill holes in its current drill programme at the Santo Domingo Project in Central Mexico. Diamond drill hole DDH-20 intersected a mineralized zone grading 170.63(g/t) silver, 1.25(g/t) gold over 19.8 metres, for a silver equivalent(i) of 235.63(g/t) including 7.6 metres of 289.56(g/t) silver, 2.83(g/t) gold and 1.12% zinc, for a silver equivalent(i) of 436.7(g/t).

DDH-21 drilled on the same section as DDH-20 and DDH-19, intersected 13.75 metres of 143.64(g/t) silver and 0.73(g/t) gold for a silver equivalent(i) of 181.54(g/t), including 359.47(g/t) silver and 1.63(g/t) gold for a silver equivalent(i) of 444.23(g/t).

DDH-22 was also drilled on the same section at a -6 degrees dip, and intersected 54.4 metres of 52.56(g/t) silver, 0.38(g/t) gold for a silver equivalent(i) of 72.32(g/t) including 23.4 metres of 96.73(g/t) silver and 0.63(g/t) gold, for a silver equivalent(i) of 129.49(g/t) and including 202.91(g/t) silver and 1.32(g/t) gold over 6.8 metres for a silver equivalent(i) of 271.55(g/t).


--------------------------------------------------------------------------
Struc-  Hole   Depth   Depth  Length  Silver  Gold     Pb%    Zn%   Silver
 ture           From      To      (m)   (g/t) (g/t)                Equiva-
                  (m)     (m)                                       lent(i)
--------------------------------------------------------------------------
Rayas   DDH-     5.2    25.0    19.8  170.63  1.25   0.31   0.64    235.63
          20
--------------------------------------------------------------------------
       (incl)    5.2    12.8     7.6  289.56  2.83   0.55   1.12    436.76
--------------------------------------------------------------------------
       (incl)  20.45    25.0    4.55  220.46  0.45   0.32   0.46    243.86
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Rayas   DDH-    9.75   23.50   13.75  143.64  0.73   0.18   0.37    181.54
          21
--------------------------------------------------------------------------
       (incl)  11.30   15.85    4.55  359.47  1.63   0.37   0.69    444.23
--------------------------------------------------------------------------
               47.85   49.40    1.55  142.00  2.21   0.07   0.07    256.92
--------------------------------------------------------------------------
               64.80   66.30    1.50   64.00  0.49   0.07   0.07     89.48
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Rayas   DDH-     6.2    60.6    54.4   52.56  0.38   0.09   0.25     72.32
          22
--------------------------------------------------------------------------
       (incl)    6.2    29.6    23.4   96.73  0.63   0.18   0.48    129.49
--------------------------------------------------------------------------
       (incl)    6.7    13.5     6.8  202.91  1.32   0.26   0.89    271.55
--------------------------------------------------------------------------
                49.4    60.6    11.2   31.27  0.27   0.04   0.06     45.31
--------------------------------------------------------------------------

(i) Only silver and gold metal prices used to calculate silver equivalent.
    The following prices were used: silver USD$16.75 an ounce, gold USD$890
    an ounce.

    The widths above are not true widths. True widths to be determined.

The holes were drilled on section 5380 on the Rayas structure and intersected wide zones of good grade silver mineralization and higher than normal gold values. Mr. George Coburn President of Stroud, stated he was very pleased with ongoing drilling results which demonstrated that the mineralized structure showed good continuity down dip, as well as along strike (from the section drilled further south). The Rayas system is at least 600 metres in length and mineralized sections up to 125 metres have been encountered in drill holes to date.

The Company is currently waiting for assays from an additional three holes.

To view the Santo Domingo-Mexico Silver-Gold Property, please visit the following link: http://media3.marketwire.com/docs/stroudmap.pdf.

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 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 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.

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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