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To: heinz44 who wrote (2319)7/30/2009 8:49:22 AM
From: heinz44  Read Replies (1) of 233869
 
Sprott Resource Corp. Announces Stonegate Agricom Drill Results
TORONTO, July 30 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC")
announced today the results of a trenching and drilling program (the
"Program") completed by Stonegate Agricom Ltd. ("Stonegate") on Stonegate's
Mantaro Phosphate Property in Peru (the "Property"). SRC owns 77.25% of the
outstanding shares of Stonegate.
The Program included 6 trenches and 22 drill holes (from 7 platforms) on
the Philip concession on the Property over a length of approximately 3.2
kilometres. The overall strike length of the mineralized zone on the Property
is approximately 27 km. Mineralization on the Property is present as three
distinct parallel zones exhibiting similar widths to that seen on the Philip
concession.
Grades recorded from the 6 trenches were similar to the existing inferred
mineral resource noted in the NI 43-101 technical report filed on August 29,
2008 (the "Technical Report"). The Technical Report identified an inferred
mineral resource of 45.17 million tonnes grading 15.4% P(2)O(5). A copy of the
Technical Report, which includes a description of the Property and the Philip
concession, can be found on SEDAR (www.sedar.com) or on SRC's website
(www.sprottresource.com).
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