SOURCE: Spartan Gold, Ltd.

Spartan Gold, Ltd.

March 03, 2011 06:00 ET

Spartan Gold Ltd. Announces Expansion of Ziggurat Gold Concession to 6,800 Acres in the Round Mountain-Northumberland Gold Trend Nevada

SCOTTSDALE, AZ--(Marketwire - March 3, 2011) - Spartan Gold Ltd. ("Spartan" or the "Company") (OTCBB: SPAG), a diversified U.S. based junior gold exploration company, is pleased to announce that it has completed a significant project expansion plan for the Ziggurat prospect located in Nevada. In conjunction with its Project partners, Spartan was able to secure and augment additional claim blocks to add to the original 57 claims defined and previously announced under the Option and Mining Claim agreement dated December 27th, 2010. Under management's direction, Spartan Gold's survey team has placed additional location monuments on the ground, locking up 286 new claims for this project and bringing the claim total to 343 claims for the Ziggurat property. The team will complete all the claim filings with the Bureau of Land Management, and this has expanded the project footprint to an estimated 6,800 acres from 1,140 acres. The new claim blocks now included in the Ziggurat project surround Fronteer Gold on the west, south and eastern side of their filed claims in this area. 

Mr. Richard Redfern, President of Mexivada, has been instrumental in bringing the operating team on the ground together by working closely with Spartan Chief Operating Officer, Mr. Mick Gavrilovic. The Company has retained consulting geologist Mr. A. David Heyl. Mr. Heyl has extensive expertise in Carlin Trend style gold mineralization and is overseeing the geological mapping and geophysical interpretation work on the Ziggurat property, located within the Round Mountain-Northumberland Gold Trend in Nevada.

Spartan's team is now conducting geological and geochemical mapping and analysis, in conjunction with geophysical mapping involving gravity and magnetic survey work. This is being done in order to better define future drill and exploration targets for the Ziggurat project. Once mapping and interpretations are completed, Spartan Gold will proceed with the finalization of an updated NI 43-101 compliant technical report encompassing the entire property. Mr. Heyl is a Qualified Person (QP) with the appropriate credentials and experience to issue a NI 43-101 technical report. Mr. Heyl is working directly with Gavrilovic to expedite the completion of the NI43-101 report.

Mr. Mick Gavrilovic, Spartan's COO, said, "Dramatic progress can be made when a project has the right team and resources in place to execute on our exploration plan. We are moving at a pace which reflects the urgency of the gold industry to replace reserves and I am pleased with the level of productivity exhibited by the operations team on the ground. The exploration progress we have made on the Ziggurat project is a substantial achievement and represents a significant development stage for the shareholders of the Company, coming within two months of entering into the Ziggurat Agreement."

Spartan Gold CEO, Mr. Malcolm Stevens, commented, "We believed the Ziggurat property had all the components necessary to establish a very promising future in one of the great area plays in the best gold province in the USA today. This made Ziggurat an attractive investment opportunity in the beginning and we were pleased to have closed this deal on behalf of the shareholders." 

Mr. Stevens continued, "The actions taken and advancements made to date by our management team and its partners in expanding this claim block and project footprint for Ziggurat are significant achievements. This adds tremendous potential to our exploration goals and improves the possibility of success exponentially."

Recent Regional Developments:
It was recently announced that Colorado-based Newmont Mining Corp. is in the process of buying B.C.-based Fronteer Gold for an estimated 2.3 billion dollars. Both Newmont and Fronteer have project interests located in close proximity to the Company's Poker Flats and Ziggurat properties, respectively. The Company is not insinuating that Newmont Mining Corp. or any other entity has approached it for the potential purchase of the Company's nearby properties to Fronteer.

About Spartan Gold Ltd.
Spartan Gold Ltd. (OTCBB: SPAG) is a publicly traded U.S. based junior gold exploration and mining company with gold exploration and development activity centered in both the Carlin-Rain and Round Mountain-Northumberland Gold Trends in Nevada. The Carlin region is the location of the Spartan Gold prospect known as Poker Flats and Round Mountain-Northumberland Mining districts of Nevada are home to the Ziggurat project.

Each of these regions is endowed with major gold deposits operated by many of the world leaders in the mining industry. Major mining projects in the Carlin Trend are currently operated by Barrick Gold Corporation (trading on the NYSE and the TSX) and Newmont Mining Corporation (trading on the NYSE) which exist both north and south of the Poker Flats prospects respectively. Additionally, some of the major mining projects in the Round Mountain-Northumberland districts are currently operated by Barrick Gold Corporation and Fronteer Gold (trading on the ASE) which exist in close proximity to the Ziggurat prospect. The Company also has mining interests in the northeast region of Alabama in the historical Arbacoochee Mining District. The Company is currently pursuing opportunities for several acquisition targets around the world and focusing on operational plans for current projects. The directors, management and advisors of Spartan Gold have over 90 years of combined experience in the exploration and development of global mining projects.

Spartan's commitment to asset growth and increased shareholder value will be sustained by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable resources. Spartan has selected an international board of directors and advisors experienced in undertaking exploration, development and funding of numerous energy and minerals projects around the world.

DISCLAIMER 

Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Spartan Gold Ltd. predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Spartan Gold Ltd. has little or no control. Such forward-looking statements are made only as of the date of this release, and Spartan Gold Ltd. assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Spartan Gold Ltd. Form 10-K for its fiscal year ended December 31, and other documents filed from time to time by Spartan Gold Ltd. with the Securities and Exchange Commission.

For more information about Spartan Gold Ltd:

See our website www.spartangoldltd.com

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