Now with more than 1,500 holes drilled, Stratagold (SGV-T) has increased the resource at its Tassawini gold project in Guyana, to nearly half a million oz. of gold.
Indicated resources on the Tassawni deposit are now 10.8 million tonnes grading 1.3 grams gold per tonne for nearly 437,000 oz. gold, up from 208,000 oz.
Much of the inferred resource was upgraded to indicated; inferred resources now total 614,000 tonnes grading 1.7 grams gold per tonne for about 33,000 oz. gold, down from 151,000 oz. gold.
On the Sonne zone, a never-before-defined inferred resource stands at 1.3 million tonnes grading 0.7 gram gold per tonne for 29,000 oz. gold.
Stratagold used a cutoff grade of 0.5 gram gold per tonne.
In total the company has completed 440 diamond drill holes and nearly 1,200 reverse circulation holes for a total of more than 58,000 metres and 43,000 metres, respectively.
Stratagold is now considering its next plan of action for the deposit. According to its option agreement to acquire a 100% interest in the project, the company must strive to complete a feasibility study by July 2009.
Stratagold shares were flat at 16.5 with a trading volume of 153,000 shares traded.
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