Stikine Gold Corporation

Stikine Gold Corporation

January 09, 2007 16:26 ET

Stikine Commences Drilling on Catalan Cu-Mo Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine") announces that it has mobilized a crew and diamond drill to its Catalan Property near Williams Lake in south-central British Columbia. The Catalan Property is located adjacent to the Gibraltar copper-molybdenum mine, now operated by Taseko Mines Limited.

The multiple deposits comprising the Gibraltar Mine indicate the presence of a large porphyry system at depth. Stikine's exploration program will initially target copper-in-soil geochemical anomalies identified in the 1970's with coincident induced polarization (IP) and magnetic geophysical anomalies identified in 2005. Porphyry copper-molybdenum style mineralization has also been discovered previously in float boulders on the Catalan property. These promising attributes and close proximity to the Gibraltar Mine/Mill provide immediate drill-ready targets for this initial program.

The Catalan Cu-Mo drill program focuses on the potential of this extensively mineralized system to host other discrete copper-molybdenum deposits in the immediate mine area.


Scott E. Broughton, P.Eng. - President and CEO

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