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Gold/Mining/Energy : Sprott Resource Corp (SCP.TO)

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From: Amark$p	9/23/2010 8:57:24 AM
	of 247

Stonegate Agricom Commences Definition Drilling Activity at the Paris Hills Phosphate Project Stonegate Agricom Commences Definition Drilling Activity at the Paris Hills Phosphate Project Sep. 23, 2010 (Canada NewsWire Group) -- TSX: ST and ST.WT TORONTO, Sept. 23 /CNW/ - Stonegate Agricom Ltd. ("Company") (TSX: ST) today announced that the first phase of definition drilling activity will commence this week at the Paris Hills Phosphate Project in Idaho. "The drilling program is an important first step in our Paris Hills development plan," said Mark Ashcroft, President and Chief Executive Officer. "It is the first time that Stonegate will be drilling at the property since we acquired it in 2009. The drilling of approximately 20 holes is expected to provide additional information on the Upper and Lower Phosphate Zone thicknesses and grades and will help drive the next steps in determining what processing and upgrading will be required. "The drill results are expected by the end of this year and will also be used, along with the results of additional drilling planned for next spring, to confirm and expand estimates of the NI 43-101 compliant mineral resources at the project," Mr. Ashcroft added. The Company has engaged Major Drilling America Inc. to conduct the drilling, which is expected to involve two diamond drill rigs and one reverse circulation pre-collar rig.

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