StrataGold Corporation (SGV-TSX) is pleased to announce that the Company and its 50% joint venture partner Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC), have commenced drilling on the BRL Venture, in Northwestern Guyana.
The BRL Venture is building on the success of the Phase I exploration program, and remains focused on the discovery of gold deposits in this emerging gold district. The exploration program is operated by StrataGold and funded equally by StrataGold and Newmont.
A series of gold targets have now been identified on the (greater than)32,000 hectare Monosse property, all of which are characterized by coincident geophysical, geological and geochemical anomalies. The key targets identified for drilling include multiple targets within the Arakaka Trend and Aviao. Both the Arakaka Trend and Aviao were defined during an extensive exploration program that has been ongoing since 2006 (see news release dated August 19, 2008).
Each of the anomalies is accessible by all weather roads and is located in close proximity to the Monosse base camp, the villages of Matthew's Ridge and Arakaka, and near the deep-water port of Port Kaituma.-- www.cnxmarketlink.com
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