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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (34784)	3/27/2009 8:03:02 PM
From: LoneClone	Read Replies (1) \| Respond to of 194504

StrataGold undergoes dilution on BRL Venture, Guyana Fri Mar 27, 4:38 PM ca.news.finance.yahoo.com VANCOUVER, March 27 /CNW/ - StrataGold Corporation (SGV-TSX) ("StrataGold" or the "Company") announces that it participated in the previously approved 2008 Phase II exploration Program on the BRL Venture, a joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE: NEM). Since StrataGold did not fully contribute in order to maintain its 50% Participating Interest in the BRL Venture, StrataGold's Participating Interest in the BRL Venture has been diluted from 50% to 35.73%. Newmont has elected to be the Manager of the BRL Venture. StrataGold has elected not to participate in the proposed Program and Budget for the period of January-June 2009. In accordance with the terms of the BRL Venture Agreement dated September 27, 2005, such election shall result in the further dilution of StrataGold's Participating Interest. About StrataGold Corporation StrataGold is a TSX Exchange listed mineral exploration company. StrataGold's main projects are the Eagle Zone Deposit and the Mar-Tungsten Deposit located in central Yukon, and the Tassawini Deposit and the BRL Venture located in Guyana. On February 11, 2009, StrataGold and Victoria Gold Corp. and their respective boards of directors announced an approved letter of agreement in respect of a proposed friendly transaction to combine the companies through an all share transaction. Statement Regarding Forward Looking Statements This news release of StrataGold Corporation (the "Company") contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "aims," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as such information constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements in this document include statements regarding: the Company's expectations regarding drilling and exploration activities on properties in which the Company has an interest and the Company's estimates of resources on properties in which the Company has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their respective dates. Important factors that could cause actual results to differ materially from the Company's expectations include among others, risks related to fluctuations in mineral prices; uncertainties related to raising sufficient financing to fund planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in work programs; the risk of environmental contamination or damage resulting from the Company's operations; risks associated with title to mineral properties; and other risks and uncertainties discussed under the heading "Risk Factors" in Section 5 of the Company's Annual Information Form filed on SEDAR and elsewhere in the Company's documents filed from time to time with the Toronto Stock Exchange and Canadian securities regulators. These statements are based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as expressly required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Contacts Terry Tucker President and CEO Vanessa Pickering Manager Investor Communications StrataGold Corporation Tel: (604) 696-6601 E-mail: info@stratagold.com Website: www.stratagold.com