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SRD .V/SRD.WT - Strait Gold Corp

post #1 of 25
Thread Starter 
Strait Gold Corp.'s common shares and common share purchase warrants will be listed for trading on the TSX Venture Exchange effective at the open on Wednesday, Oct. 25, 2006. The common shares will trade under the symbol SRD and the common share purchase warrants will trade under the symbol SRD.WT.

The company closed its initial public offering of shares on Oct. 20, 2006, to raise gross proceeds of $1.6-million. Following the successful financing, a total of 15,084,883 common shares and four million common share purchase warrants will be listed.

Strait Gold is a Canadian mineral exploration company active in Peru. It holds an option to earn a 100-per-cent interest (subject to a 3-per-cent net smelter royalty, two-thirds of which it can buy back) in the 68-square-kilometre Culebrilla property located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Gold Corp.), the Antamina base metals mine (BHP Billiton, TeckCominco and Xstrata Minerals) and numerous other, smaller mining operations. Culebrilla lies between Pierina to the south and Lagunas Norte, another Barrick gold mine, to the north.

Surface rock sampling at Culebrilla, over an area measuring roughly 3.5 kilometres by 4.0 kilometres, has found widespread gold-silver mineralization, and locally high copper, with values up to 14.4 grams per tonne (g/t) gold, 1,365 g/t silver and 8.4 per cent copper. Based on these sampling results and previous artisinal mining on the property the company is preparing to conduct the first-ever diamond drilling at Culebrilla as early in 2007 as practisable.

With reference to National Instrument 43-101, Dr. Roger Moss, PhD, PGeo, is the qualified person for the purposes of this news release. Rock sample preparation was carried out at ALS Chemex facilities in Lima, Peru, following which, samples were air shipped to ALS Chemex, a Standards Council of Canada-accredited laboratory, in Vancouver, B.C., for analysis. Samples were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for overlimit (greater than 10 parts per million (ppm)) samples. Copper and silver, together with 32 other elements, were assayed by ICP-AES following aqua regia dissoloution. Overlimit copper (greater than 10,000 ppm) and silver (greater than 100 ppm) samples were reassayed by AAS.

post #2 of 25
Thread Starter 
I haven't bought any of this but I was looking at it as its at .30c and thought I might as well post my DD here. It looks like it will be more in play in the beginning of 2007 than now.

http://www.straitgold.com/

Strait Gold Corporation is a Canadian mineral exploration active in Peru. A 1,500-metre diamond drilling program is being planned for its Culebrilla gold-silver-copper property where recent surface sampling returned values up to 14.4 g/t gold, 1,365 g/t silver, and 2.01% copper in an area of previous artisinal mining. Culebrilla lies between, and is in the same geological belt, as the Pierina gold mine and the Lagunas Norte gold mine, both owned and operated by Barrick Gold Corporation.

Property

Overview



The Culebrilla Project consists of nine contiguous claims in the Cordillera Negra of central Peru, approximately 325 kilometers northwest of the capital city of Lima. The project covers 6,800 hectares (68 km2) in the Districts of Mato (Sucre), Huaylas and Caceres del Peru in the Provinces of Huaylas and Santa of the Department of Ancash.

Mineralization at Culebrilla varies from gold-rich to silver-rich with several prospects also enriched in base metals (one or more of Cu, Pb and Zn). An independent geological report, compliant with National Instrument 43-101, states that “The large number of old workings and mineralized structures, abundant felsic pyroclastic lenses and apparently broader zones of mineralization and hydrothermal alteration indicate the Culebrilla-Alalaj area to be the most prospective locality identified to date.”

The property is underlain primarily by volcanic rocks of the Calipuy Group, part of the Tertiary belt that hosts important epithermal deposits elsewhere in Peru (Pierina, Yanacocha). There has been widespread artisanal mining and prospecting activity in the past but the property has never been explored systematically with modern exploration techniques. Initial brief reconnaissance of the property in 2000 that found widespread high grade gold (>10 ppm) and silver (>100 ppm) mineralization led to an expansion of the property. Rock sampling in 2004 and 2005 confirms the widespread occurrence of precious metal (>1 ppm Au, >30 ppm Ag) mineralization at former workings and has identified additional prospects on the property.

The following summary is based on an independent technical report prepared by P. Stewart, P. Geo. compliant with National Instrument 43-101 and available in its entirety elsewhere on this web site and on SEDAR http://sedar.com/DisplayProfile.do?l...uerNo=00024054
post #3 of 25
Definately worth a look. I am not to clear as to when drilling is going to start. Would be nice if they had more than one property to spread the risk.
Thanks for the post!
post #4 of 25
Thread Starter 
Strait Gold completes magnetic survey in preparation for drilling
Strait Gold Corporation is pleased to announce it has completed a ground magnetic survey over a key portion of its Culebrilla property in central Peru in preparation for diamond drilling.

The survey was conducted by Fugro Ground Geophysics over an area measuring 2.5x1.5 km covering two areas of past artisinal mining known as Culebrilla and Alalaj. Previous surface rock sampling returned values up to 9.98 grams per tonne (g/t) gold and 200 g/t silver at the Culebrilla showing and 14.4 g/t gold, 1,220 g/t silver, 2.01% copper and 0.19% lead at Alalaj.

The magnetic survey was conducted using 100-metre line spacings with stations every 10 metres for a total of 3,900 readings on a northeast oriented grid. Results of the survey will be compiled together with results of the soil sampling, rock sampling and geological mapping, which are expected to be completed in November, to help identify drill targets.

In addition to the magnetic survey, the current exploration program consists of detailed geological mapping, rock sampling, stream sediment sampling and soil geochemical sampling. Soil sampling is being conducted over the same grid as the magnetic survey at 50-metre-spaced stations. Stream sediment sampling has been carried out over 12 major stream valleys at roughly 250-metre-spaced stations covering the majority of the 68-sq.-km property in order to identify prospective zones that may warrant further investigation. A total of 283 soil samples, 128 stream sediment samples, and 45 rock samples have been taken during this field program and submitted to ALS Chemex laboratories in Lima for assay. Results are pending.

The Culebrilla Property is located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco and Xstrata Minerals) and numerous other, smaller mining operations.

With reference to National Instrument 43-101, Roger Moss, Ph.D, P.Geo., is the Qualified Person for the purposes of this news release. Sample preparation is carried out at ALS Chemex facilities in Lima, Peru, following which, samples are air shipped to ALS Chemex, a Standards Council of Canada accredited laboratory, in Vancouver, B.C. for analysis. Rock samples reported here were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for overlimit (>10ppm) samples. Copper and silver, together with 32 other elements, were assayed by ICP-AES following aqua regia dissolution. Overlimit copper (>10,000 ppm) and silver (>100 ppm) samples were reassayed by AAS.

To find out more about Strait Gold Corporation, please visit our website at www.straitgold.com.
For further information:

Jim Borland, President
Tel./Fax: 416-223-9970
info@straitgold.com
post #5 of 25
Thread Starter 
Quote:
Originally Posted by Hooba
Definately worth a look. I am not to clear as to when drilling is going to start. Would be nice if they had more than one property to spread the risk.
Thanks for the post!
It looks like they are preparing to start drilling. If you want less risk then buy the warrants as the warrants have less downside risk and more upside potential although they aren't very liquid for trading right now.

15,084,883 Common shares outstanding

4,000,000 Trading warrants (SRD.wt) expiring 20 Apr 2008 @ $0.30


990,434 Warrants expiring 31 Jan 2007 @ $0.25

1,200,000 Broker warrants, including option on 400,000 trading warrants

21,275,317 Common shares fully diluted
post #6 of 25
Thread Starter 
Some big buying coming in now on SRD. With only 15m free trading shares its not taking much to move this..
post #7 of 25
Thread Starter 
Strait Gold Grants Stock Options


TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) - Strait Gold Corporation (TSX VENTURE:SRD) (TSX VENTURE:SRD.WT) announces that an aggregate of 470,000 options to purchase common shares of the Corporation at $0.40 per share for five (5) years have been granted to six (6) officers and employees of the Corporation.

The Corporation also wishes to announce that a further 700,000 options to purchase common shares of the Corporation at $0.40 per share for five (5) years have been granted to seven (7) directors of the Corporation.

The grants are subject to acceptance by the TSX Venture Exchange.

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. The Culebrilla Property is located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco and Xstrata Minerals) and numerous other, smaller mining operations. To find out more about Strait Gold Corporation, please visit our website at www.straitgold.com.


The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.

CONTACT INFORMATION
Strait Gold Corporation
Jim Borland
President
(416) 223-9970
Fax: (416) 223-9970
Email: info@straitgold.com
Website: www.straitgold.com
post #8 of 25
Thread Starter 
Strait Gold Reports Third-Quarter Results


TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) - Strait Gold Corporation (TSX VENTURE:SRD) (TSX VENTURE:SRD.WT) today announced its unaudited financial results for the three-month and nine-month periods ended September 30, 2006.

For the nine-month period ended September 30, 2006, the Company incurred a loss of $184,577, or $0.03 per common share. During the three-month period ended September 30, 2006, the Company incurred a loss of $64,246, or $0.01 per common share.

For the nine-month period ended September 30, 2006, the Company required $99,369 and $164,501 respectively to fund its operating and investing activities and raised $343,263 through its financing activities. During the three-month period ended September 30, 2006, the Company generated $16,557 from its operating activities and required $145,850 to fund its investing activities. The Company had cash of $74,397 at September 30, 2006.

Subsequent to the period end, on October 20, 2006, the Company completed an initial public offering of 8,000,000 units at a price of $0.20 per unit for gross proceeds of $1,600,000. Each unit consisted of one common share and one-half of a share-purchase warrant. The common shares and warrants commenced trading on the TSX Venture Exchange on October 25, 2006.

Complete financial results and management's discussion and analysis have been filed on SEDAR at www.sedar.com.

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. To find out more about Strait Gold Corporation, please visit our website at www.straitgold.com.
post #9 of 25
post #10 of 25
TORONTO, ONTARIO, Dec 21, 2006 (MARKET WIRE via COMTEX News Network) --
Strait Gold Corporation (TSX VENTURE: SRD)(TSX VENTURE: SRD.WT) is pleased to report results of a regional exploration program recently completed on its Culebrilla Project in Peru. The results include samples from the Letra Rumi South concession where previous samples had returned values up to 4.39% copper and 52 grams per tonne (g/t) silver. Samples are pending from the Company's main areas of activity, the Culebrilla and Alalaj showings.

Letra Rumi South is a nine-square-kilometre concession that ties on to a block of eight mining concessions covering 59 sq. km that, combined, make up the Culebrilla Project in central Peru's Ancash Department. Letra Rumi South was staked by the Company in May, 2006, and referred to as "under application" in a prospectus for the Company's initial public offering of shares completed earlier this year. The concession was subsequently filed with Peru's public registry under the name of the Company's wholly owned subsidiary, Minera Strait Gold Peru S.A.C.

The aim of the regional program was to identify areas of untested mineralization on the entire 68-sq.-km property and to further define the potential scale of known showings outside of the Culebrilla-Alalaj area. A total of 128 stream sediment samples were collected from 14 drainages throughout the property, and 67 rock samples were collected from showings outside of the main Culebrilla-Alalaj area.

The regional rock sampling program indicated four separate anomalous areas that the Company intends to follow up, including two previously unknown areas: Quebrada Chinchuk and El Plano. Both of these areas show significant silver (up to 402 g/t) and lead (up to 7.6 %). Samples from Quebrada Chinchuk also returned values up to 3.4% zinc.

Letra Rumi North and Letra Rumi South are predominantly copper-silver prospects, although one sample from Letra Rumi South returned 1.5 g/t gold. Eight samples from Letra Rumi South taken from two large (roughly 95 meters wide by 260 meters long, and 60 meters wide by 285 meters long) rusty zones, returned copper values in excess of 0.1% . Other samples from Letra Rumi South contained up to 1.4% copper, 77.4 g/t silver and 1.5 g/t gold. Samples of intermediate volcanic rocks at Letra Rumi North contained up to 1.3% copper, 62.5 g/t silver and 0.5 g/t gold.
post #11 of 25
Cont'd




The stream sediment sampling program identified seven areas of anomalous base and/or precious metal values. Three of these areas do not appear to be associated with known showings, and are described below:

- A 460 metre long gold anomaly, in the Huacanhuasi river, east of the Culebrilla-Alalaj area, with up to 130 parts per billion (ppb) gold.

- A 250 metre long silver-copper-zinc-lead anomaly located near the source of Quebrada Chinchuk with values up to 3,600 ppb silver, 719 parts per million (ppm) copper, 322 ppm zinc and 140 ppm lead.

- A 950 metre long zinc anomaly extending southwest from the Coyllorcocha lakes in the Coyllor river with up to 482 ppm zinc.

A further four of the seven stream sediment anomalies are considered significant with the highest values in each generally occurring proximal to known areas of mineralization.

- A 2.3-km-long gold-silver anomaly, with values up to 600 ppb gold and 1,300 ppb silver, occurs in Quebrada Culebrilla downstream of the Culebrilla-Alalaj mineralized area.

- A 1.35-km-long lead-silver anomaly begins near the source of Quebrada Ancush (to the west of Culebrilla) with values up to 161 ppm lead and 1,100 ppb silver.

- A 1-kilometre-long silver-zinc-copper-lead anomaly beginning at the source of Quebrada Letra Rumi with values up to 5,900 ppb silver, 544 ppm zinc, 305 ppm copper and 147 ppm lead occurs adjacent to the Letra Rumi North mineralized area.

- An 825-metre-long copper-zinc anomaly, beginning at the source of the Carhuacaca river, with values up to 706 ppm copper and 592 ppm zinc occurs downstream of the Letra Rumi South mineralized area.

Maps showing the location of the anomalous areas outlined in this program are available and can be viewed at:

http://www.straitgold.com/properties/culebrilla/maps.

Ryan Weston, P.Geo., is the Qualified Person for the purpose of this news release and supervised the Company's 2006 exploration program. Strait Gold carried out a program of quality assurance/quality control (QA/QC) that included insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination. Sample preparation and analysis were carried out at ALS Chemex facilities in Lima, Peru, an ISO 9001:2000 registered laboratory. Stream sediment and rock samples were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Copper and silver, together with 32 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Over-limit copper (greater than 10,000 ppm) and silver (greater than 100 ppm) samples were re-assayed by AAS.

About Strait Gold Corporation

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. Its Culebrilla Project is located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco and Xstrata Minerals) and numerous other, smaller mining operations. Surface sampling at Culebrilla over an area measuring roughly 3.5x4.0 km has found widespread gold and silver mineralization, plus copper, with values up to 14.4 g/t gold, 1,365 g/t silver and 2.01% copper. Based on these sampling results and previous artisinal mining on the property, the Company is preparing to conduct the first-ever diamond drilling at Culebrilla in 2007.

To find out more about Strait Gold, please visit our website at www.straitgold.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.

Contacts: Strait Gold Corporation Jim Borland President (416) 223-9970 Email: info@straitgold.com Website: www.straitgold.com

SOURCE: Strait Gold Corporation

mailto:info@straitgold.com http://www.straitgold.com

Copyright 2006 Market Wire, All rights reserved.
post #12 of 25
Thread Starter 
Wow, I haven't had much time to watch many stocks right now. Is this one ever having a great run. News must be coming out soon. Drills not expected now until March but could be some surface work coming.
post #13 of 25
Thread Starter 
Strait Gold's Surface Work Confirms Mineralization at Culebrilla


TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - Strait Gold Corporation (TSX VENTURE:SRD)(TSX VENTURE:SRD.WT) -

Strait Gold Corporation is pleased to announce further results from surface sampling on its Culebrilla gold-silver property in central Peru.

The 2006 program consisted of detailed bedrock mapping, soil sampling and a ground magnetic survey over a 2.5 km by 1.5 km grid covering the Culebrilla and Alalaj areas. A total of 833 soil samples and 74 rock samples were collected during the program, the aim of which was to identify targets for a 15- to 20-hole diamond drill campaign to begin in the second quarter of 2007.

"These are the final results from our 2006 surface sampling program and confirm the widespread mineralization at Culebrilla," says Strait Gold President Jim Borland. "These data, combined with previous sampling and the magnetic survey we completed last fall, will determine where we spot our drill holes when work resumes this spring following the rainy season."

Vector Engineering of Lima, Peru, has initiated environmental, social, and archeological studies at Culebrilla which are required prior to filing a Class B application for drilling.

The most recent results from the 2006 soil survey not only confirm widespread gold mineralization in the Culebrilla-Alalaj region but also identified several areas anomalous in precious metals and base metals outside of the Culebrilla-Alalaj region which warrant further examination as indicated in the table below. The five most significant soil anomalies encountered in the program are described below.



SELECTED SOIL SAMPLING ANOMALIES

---------------------------------------------------------------------------
Anomaly Element Area Description
---------------------------------------------------------------------------
A gold Culebrilla 360 m long x 360 m wide, encompassing part
of the Culebrilla area, and the area
between Culebrilla and Alalaj where there
is little exposure and no known historic
workings.
---------------------------------------------------------------------------
B gold West Caballo 50 m long x 100 m wide, occurring on the
west slope of Q.Culebrilla where there is
little exposure and two historic workings
immediately north of the anomalous area.
---------------------------------------------------------------------------
C silver+/ Q.Ancush & 100 m long x 200 m wide, occurring near
-zinc, Q.Culebrilla the confluence of Q.Ancush and
copper, Q.Culebrilla rivers where two historic
lead workings have returned assays of greater
than 30 g/t silver and elevated base metal
values.
---------------------------------------------------------------------------
D zinc, lead SE corner of 350 m long x at least 50 m wide, occurring
grid area along the southeast border of the grid
area where little to no outcrop exists.
Historic workings in the Las Pampas area,
400 m to the east-southeast, have returned
assays up to 2.3% lead and 1.3% zinc.
---------------------------------------------------------------------------
E gold+/- Q.Culebrilla 100 m long x 100 m wide, occurring on the
silver east slope of Q. Culebrilla between the
Culebrilla and Alalaj trends. Previous
sampling in the area returned assays up
to 1.9 g/t gold, 11 g/t silver and
elevated base metal values.
---------------------------------------------------------------------------

Maps showing locations of the anomalous soil areas, ground magnetic survey results, detailed mapping and rock sampling outlined in this program are available and can be viewed at:

http://www.straitgold.com/properties/culebrilla/maps

A follow-up program to expose and sample bedrock in areas with anomalous soil assays is planned for 2007 prior to drilling. As well, soil sampling along the northwest border and southeast border of the grid will be extended to better define silver-zinc and zinc-lead soil anomalies in these respective areas.
post #14 of 25
Thread Starter 

con't

Results from the magnetic survey conducted by Fugro Ground Geophysics indicate the bulk of the magnetic anomalies in the grid area occur within a sequence of rocks located below a key stratigraphic felsic pyroclastic unit known as Rocky Ridge. The majority of historic workings, higher grade assays, and soil anomalies from the grid area also lie stratigraphically below the Rocky Ridge. Within this lower sequence are three strongly magnetic features, two of which correspond with granodiorite exposures. The third magnetic anomaly occurs in an area of cover but is believed to reflect a buried granodiorite dyke with similar orientation to mineralized vein structures mapped on surface in the Culebrilla-Alalaj area.

Selected results from the 2006 rock sampling program are listed below and include a 60.9 gram per tonne (g/t) silver assay from the waste pile of a small working roughly 800 metres along strike of the Alalaj trend but located at a similar elevation to a previous high grade silver sample (1,220 g/t) taken immediately above the Rocky Ridge in the Alalaj area in 2005. Results include up to 1.1 g/t gold and 28.6 g/t silver from vertical chip samples across a semi-conformable zone of silica-tourmaline alteration (estimated 2-6 metres true thickness) that extends for 140 metres immediately south of the historic Alalaj workings.



SELECTED ROCK SAMPLING RESULTS

------------------------------------------------------------------
Au Ag Cu Pb Zn
Sample Location (g/t) (g/t) (%) (%) (%) Description
------------------------------------------------------------------
C207819 C010 1.1 4.6 nsv nsv 0.0 composite grab
from waste pile
------------------------------------------------------------------
2.7m vertical
C208048 Alalaj Area 1.1 5.4 nsv 0.1 0.0 chip sample
------------------------------------------------------------------
C208047 Alalaj Area 1.0 28.6 0.1 nsv 0.0 4.1m vertical
chip sample
------------------------------------------------------------------
East Alalaj composite grab
C207847 Trend nsv 60.9 0.6 nsv 0.0 from waste pile
------------------------------------------------------------------
C207825 Q.Culebrilla 4.8 280.0 0.2 1.1 0.0 grab
------------------------------------------------------------------
C207845 Las Pampas 0.5 11.4 nsv 1.3 0.2 composite grab
------------------------------------------------------------------
C207840 Las Pampas 0.1 2.1 0.2 1.6 0.6 2m composite
chip
------------------------------------------------------------------
C207838 Las Pampas nsv 12.4 0.3 2.3 1.3 composite grab
from waste pile
------------------------------------------------------------------
nsv - no significant values

Ryan Weston, P.Geo., is the Qualified Person for the purpose of this news release and supervised the Company's 2006 exploration program. Strait Gold carried out a program of quality assurance/quality control (QA/QC) that included insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination. Sample preparation and analysis were carried out at ALS Chemex facilities in Lima, Peru, an ISO 9001:2000 registered laboratory. Soil and rock samples were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Silver, copper, lead and zinc, together with 30 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Over-limit silver (greater than 100 ppm), zinc (greater than 10,000 ppm), and lead (greater than 10,000 ppm) samples were re-assayed by AAS.

About Strait Gold Corporation

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. Its Culebrilla Project is located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco and Xstrata Minerals) and numerous other, smaller mining operations. Surface sampling at Culebrilla over an area measuring roughly 3.5x4.0 km has found widespread gold and silver mineralization, plus copper, zinc and lead, with values up to 14.4 g/t gold, 1,365 g/t silver and 2.01% copper. Based on these sampling results and previous artisinal mining on the property the Company plans to conduct the first-ever diamond drilling at Culebrilla in 2007.

To find out more about Strait Gold, please visit our website at www.straitgold.com.


The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.

CONTACT INFORMATION
Strait Gold Corporation
Jim Borland
President
(416) 223-9970
Email: info@straitgold.com
Website: www.straitgold.com
post #15 of 25
MARCH 15, 2007 - 08:46 ET

Strait Gold Files Short-Form Prospectus


TORONTO, ONTARIO--(CCNMatthews - March 15, 2007) - Strait Gold Corporation (TSX VENTURE:SRD) is pleased to announce that it received on March 14, 2007, a receipt for a preliminary short-form prospectus dated March 13, 2007, from the securities commissions of British Columbia, Alberta, Manitoba, Ontario and Nova Scotia to raise a minimum of $1,000,000 and a maximum of $2,000,000 through the sale of. Each Unit will consist of one common share and one-half of a share-purchase warrant. Each full share-purchase warrant will entitle the holder to purchase a common share for 18 months from closing. The offering price per Unit, the exercise price for the warrants and the number of Units to be issued pursuant to the Offering will be determined prior to filing the final short form prospectus.

Blackmont Capital Inc. is acting as agent for the Offering and will conditionally offer the Units on a reasonable commercial efforts agency basis. The Company has granted Blackmont an over-allotment option, exercisable for a period of 30 days from the closing of the Offering, to purchase that number of additional Units equal to 15% of the aggregate number of Units sold in the Offering at the offering price.

Strait Gold intends to use the proceeds from the Offering and any exercise of the over-allotment option to fund further exploration at its Culebrilla Project in Peru and for general corporate purposes.

The closing of the Offering is expected to occur in late March, 2007, and is subject to all applicable regulatory and exchange approvals.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirement of the 1933 Act. This news release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
post #16 of 25
I've been a buyer recently. I purchased some at .38 and more today at .35.

A few key facts I like about Strait Gold right now:

1. The latest financing closed last week. Upon closing, a total of 22,093,940 common shares of the Company are issued and outstanding. Also, the financing was over-subscribed, so signals considerable interest in the Culebrilla property.
2. Drilling on Culebrilla should start any day now
3. Although close to Barrick's property (which is also a plus), portions of Culebrilla have never been explored with modern exploration techniques
4. Surface sampling identified wide-spread gold mineralization, especially in an area that has yet to be explored (a wild card, of sorts). As well, other mineralization has been found across the property (silver, zinc, copper, lead)

I think it's a good speculative buy for 2007.
post #17 of 25
Got word of this one, I think its a buy here in the low 0.30's.
post #18 of 25
anyone still following SRD? drill results should be soon.

Strait Gold Adds to Property Portfolio With Two Option Agreements
TORONTO, ONTARIO--(Marketwire - Nov. 6, 2007) - Strait Gold Corporation (TSX VENTURE:SRD) is pleased to announce it has signed option agreements for mineral rights on two properties in Peru's Ancash Department, approximately 40 km south of its Culebrilla Project where diamond drilling is currently under way. Both option agreements are subject to recording with the public registry in Peru.

The first agreement gives the Company the option to earn a 70% interest, subject to a 2% net smelter royalty, in the San Jorge gold-silver property by making staged payments over three years totaling $990,000 with US$25,000 of that amount payable on signing and $15,000 payable December 14, 2007, and by completing $500,000 of exploration work. The Company also has the option to increase its interest to 100%, subject to a 2% net smelter royalty, in 10% increments by paying US$500,000 for each 10%.

The second agreement gives the Company the option to earn a 100% interest, subject to a 2% net smelter royalty, in the Pallcamachay copper property by making staged payments over three years totaling $1,560,000 with US$25,000 of that amount payable on signing and $15,000 payable December 14, 2007, and by completing $500,000 of exploration work.

The Company also holds a right of first refusal on each property's 2% net smelter royalty and has agreed to negotiate with the vendor a purchase price for half of the royalty.

San Jorge is located approximately nine kilometres north of and in a similar geological environment as the recent San Luis silver-gold discovery (a joint venture of Esperanza Silver Corporation and Silver Standard Resources Inc.). Strait Gold geologists visited the property earlier this year and collected 24 chip samples across 10 exposed veins . Eight of those chip samples returned greater than 20 grams per tonne (g/t) silver, including up to 242 g/t silver over 1.3 metres and 234 g/t silver over 1.3 metres, and seven samples returned greater than 0.5 g/t gold including 1.0 g/t gold over 6.0 metres. Several other veins remain untested. An arsenic-antimony-mercury-barium geochemical association with these samples, coupled with vein textures indicate the veins are epithermal in origin.

Pallcamachay, located approximately three kilometres north of San Jorge, contains extensive phyllic (silica-sericite) alteration with local quartz-iron-oxide stockwork veining within a high-level quartz-feldspar porphyry intrusion and overlying Calipuy group volcanics, and presents a prospective buried porphyry copper target.

"We are pleased to add these two properties to our portfolio of projects in Peru," said Strait Gold President Jim Borland. "San Jorge presents an excellent epithermal target with potential to host bonanza-grade silver mineralization with gold credits while Pallcamachay holds the potential for a porphyry copper deposit that certainly warrants further investigation. Both properties feature excellent access, good infrastructure and are located in Ancash Department, a mining-friendly jurisdiction in Peru that we are familiar with from our work at Culebrilla."

Ancash is the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco, Xstrata Minerals and Mitsubishi) and numerous other, smaller mining operations. Strait Gold's Culebrilla precious metals project and Letra Rumi South copper project are also in Ancash Department allowing the Company to maximize its resources by focusing on four projects within one highly prospective area.

Ryan Weston, P.Geo., Exploration Manager for Strait Gold Corp. is the Qualified Person for the purpose of this news release and has reviewed its technical content.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active in Peru and listed on the TSX Venture Exchange where it trades under the symbol SRD. It holds a 100% interest in the Culebrilla gold-silver project where drilling is under way, a 100% interest in the Letra Rumi South copper project where drilling is scheduled to begin in 2008 and is earning an interest in two other projects in Peru, San Jorge and Pallcamachay. To learn more about Strait Gold Corporation, please visit our website at www.straitgold.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news
post #19 of 25
nothing to exciting, yet.

Strait Gold Reports Drill Result from Culebrilla
TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - Strait Gold (TSX VENTURE:SRD) is pleased to report results from the first 10 diamond drill holes, totalling 1,041 metres, at its Culebrilla property in Ancash Department, Peru. Drilling is continuing on the project and further results from the balance of the program will be reported when available.

The drill program was designed to test three main zones: Caballo, Culebrilla and Alalaj. These first 10 holes complete the drilling on the Caballo and Culebrilla zones. Results from Alalaj are expected in December.



Highlights of drill results to date are outlined in the table below:


-------------------------------------------------------------------------
Hole From (m) To (m) Length (m) Au g/t Ag g/t
-------------------------------------------------------------------------
CUL-07-01 8.30 9.00 0.70 0.52 4.70
10.65 11.10 0.45 0.22 13.00
19.05 19.90 0.85 0.43 1.70
22.90 23.85 0.95 0.16 3.40
-------------------------------------------------------------------------
CUL-07-02 8.00 9.50 1.50 0.12 0.10
13.20 14.50 1.30 0.15 0.20
20.00 21.40 1.40 0.11 0.50
48.50 50.40 1.90 0.16 0.10
-------------------------------------------------------------------------
CUL-07-03 9.50 19.50 10.00 0.26 0.52
-------------------------------------------------------------------------
CUL-07-04 6.55 16.35 9.80 0.20 0.50
-------------------------------------------------------------------------
CUL-07-05 54.50 55.60 1.10 2.84 21.20
-------------------------------------------------------------------------
CUL-07-06 nsv
-------------------------------------------------------------------------
CUL-07-07 1.80 3.90 2.10 0.13 15.08
5.80 9.40 3.60 0.15 14.77
10.70 12.00 1.30 0.02 6.30
12.00 18.00 6.00 nsv 0.97
29.80 32.80 3.00 nsv 2.28
-------------------------------------------------------------------------
CUL-07-08 91.80 96.70 4.90 nsv 2.14
134.00 136.00 2.00 0.12 0.50
-------------------------------------------------------------------------
CUL-07-09 30.10 33.00 2.90 nsv 3.60
67.50 71.00 3.50 nsv 4.63
including 69.00 70.00 1.00 0.12 7.20
98.00 98.95 0.95 nsv 15.80
-------------------------------------------------------------------------
CUL-07-10 nsv
-------------------------------------------------------------------------


nsv equals no significant results (i.e. less than 0.1 g/t gold)





Hole CUL-07-01 was drilled down dip of the Quebrada Ancush mine where previous sampling returned values of up to 7.4 g/t gold and 201 g/t silver over 1.4 m. Low grade gold-silver mineralization between 8.3 -23.85 metres depth in this hole is associated with local narrow quartz-arsenopyrite-pyrite+/-chalcopyrite veins within strongly sericite-calcite-pyrite altered granodiorite.

Holes CUL-07-02, 03 and 04 were drilled downdip of the historic Culebrilla mines and intersected anomalous gold and silver values within shallow silica-chlorite-epidote altered intermediate tuffs with disseminated magnetite+/-pyrite mineralization. A 58.5 -metre intersection of intense phyllic (quartz-sericite-pyrite) alteration within intermediate flow rocks from 50-108.4 metres was encountered in hole CUL-07-03.

Hole CUL-07-05 was drilled in the Caballo zone and intersected 2.84 g/t gold along with 21.2 g/t silver and anomalous copper values over 1.1 metres associated with a 3-4 centimetre wide quartz-calcite-pyrite-hematite+/-chalcopyrite vein within sericite-calcite-silica-chlorite+/-pyrite-hematite altered intermediate tuff. Hole CUL-07-06 was also drilled into the Caballo zone and encountered extensive chlorite-silica-magnetite+/-pyrite alteration but did not return any significant values.

Hole CUL-07-07 was a vertical hole targeting a zone of semi-conformable silica-magnetite-chlorite-pyrite replacement between the Culebrilla and Alalaj zones. The zone was intersected between 1.8 -13.0 metres depth and returned significant silver with anomalous gold mineralization with values up to 14.8 g/t silver over 3.6 metres associated with massive silica-chlorite-pyrite and massive silica-magnetite rock. The true width of this intersection is estimated to be approximately 3.4 metres.



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post #20 of 25
Not very encouraging results I must say.
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