Science & Technology
Science and Technology
Science and Technology
Thu, January 7, 2010 
TORONTO, ONTARIO--(Marketwire - Jan. 7, 2010) - Strait Gold Corporation ("Strait Gold" or the "Company") (TSX VENTURE:SRD) is pleased to announce that it has granted Cesar Riofrio, the Company's Senior Geologist based in Peru, an option to purchase up to 100,000 shares from the Company's Treasury for $0.10 per share at any time up to December 31, 2014, subject to the terms of the Company's Incentive Stock Option Plan.
"Cesar is taking a leading role with our newly acquired Alicia Project in southern Peru," said Strait Gold President Jim Borland. "His 15-years of experience with Freeport, Phelps Dodge and Cyprus Amax in Peru and elsewhere is a great asset, as is his direct knowledge of the prolific Andahuaylas-Yauri Belt of copper-gold deposits that hosts Alicia."
The Company plans a two-phase exploration program at Alicia with Phase 1, currently under way, consisting of community engagement, surface mapping, sampling and an induced-polarization (IP) survey to identify drill targets. The second phase will consist of drilling to test for mineralization at depth.
Work to date at Alicia has identified nine skarn zones situated at the contact between a porphyry intrusive and surrounding limestone. The focus of the Company's exploration efforts at Alicia will be primarily on the skarn zones where trenching and sampling returned high copper values and moderate gold and silver values over significant widths.
Highlights of historical trench sampling over the Alicia skarn zones are as follows:
| Zone | Trench | Width (m) | Cu (%) | Au (g/t) | Ag (g/t) | Mo (%) |
| 1 | Iris 5 | 56.0 | 1.9 | 0.18 | 12.7 | 0.003 |
| 1 | Iris 6 | 32.2 | 2.0 | 0.10 | 7.2 | 0.012 |
| 1 | Iris 10 | 32.2 | 1.8 | 0.20 | 12.0 | 0.009 |
| 1 | Iris 11 | 12.0 | 3.2 | 0.40 | 31.4 | 0.004 |
| 2 | Huanca 9 | 16.4 | 1.8 | 0.22 | 7.0 | 0.013 |
| 3 | Suraco 3 | 16.0 | 1.2 | 0.40 | 12.7 | 0.002 |
| 4 | Suraco 1 | 20.2 | 1.7 | 0.94 | 10.9 | 0.002 |
| 5 | Huanca 7 | 16.3 | 2.4 | 0.36 | 12.8 | 0.035 |
| 6 | Huanca 3 | 14.9 | 2.0 | 0.39 | 16.7 | 0.001 |
| 7 | Huanca 1 | 31.7 | 0.5 | 0.07 | 4.6 | 0.002 |
| 8 | Huanca 5 | 20.0 | 4.9 | 0.42 | 29.2 | 0.009 |
| 8 | Huanca 6 | 23.2 | 3.9 | 0.23 | 21.6 | 0.038 |
| 9 | Iris 7 | 31.6 | 2.8 | 0.32 | 14.7 | 0.024 |
| 9 | Iris 8 | 19.3 | 1.5 | 0.18 | 8.1 | 0.005 |
A report on Alicia compliant with National Instrument 43-101 is available on the Company's web site at [ http://www.straitgold.com/pdf/ALC2009TechReport.pdf ] and has been filed on SEDAR.
The Company also wishes to announce that Ryan Weston has resigned as Vice-President Exploration. Mr. Weston will continue as a consultant to the Company.
"Ryan has established a high standard for our exploration efforts in Peru and I am pleased that he will continue to collaborate with our exploration team working on Alicia and our other projects," said Mr. Borland.
Ryan Weston, P.Geo., is the Qualified Person as defined by NI 43-101 for the purpose of this press release and has reviewed its technical content.
About Strait Gold Corporation:
Strait Gold Corporation, a Canadian mineral exploration company active solely in Peru, is listed on the TSX Venture Exchange. It has an option to earn a 100% interest in the Alicia copper-gold property in Cusco Department approximately 500 km southeast of Lima, the capital of Peru, and holds a 100% interest in both the Letra Rumi South copper-silver property and the Culebrilla gold-silver property, both in Ancash Department approximately 250 km north of Lima. To learn more about Strait Gold, please visit our website at [ www.straitgold.com ].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
