Staccato Gold Resources Ltd.

Staccato Gold Resources Ltd.

June 08, 2006 09:57 ET

Staccato Drills More High-Grade Gold At South Eureka, Intersecting 55 Feet of 0.503 opt '17.24 g/t', Including 4 Feet of 3.73 opt '128 g/t'

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 8, 2006) - Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to announce that it has received assay results from ALS Chemex for BH-06-09 and hole BH-06-10. Hole BH-06-10 intersected 55 feet of 0.503 opt (17.24 g) from 0 feet to 55 feet. The high-grade zone includes 25.5 feet of 0.96 opt (32.93 g) from 15 to 40.5 feet and 4 feet of 3.73 opt (128 g) from 16 to 20 feet.

Assay results are pending for holes BH-06-11, -12 and -13, the last three holes drilled in the winter phase of the core drilling program on the Lookout Mountain portion of Staccato's 100% owned South Eureka project. Drilling is scheduled to resume on June 13 to complete core holes BH-06-08, -14 and -15.

Nine additional drill sites have been submitted to the Bureau of Land Management for permit approval. These additional sites, eight of which are step-outs on 150-foot spacing, are designed to continue to find new gold mineralization south and west of the Lookout Mountain pit. The ninth site is planned near high-grade hole BH-06-10 and will be drilled (-45 degrees) in a southwest direction across the Ratto Ridge Fault. The new sites south of the pit will allow for follow-up of drill results from holes BH-06-08, -12, -14 and -15. For more details, please see the updated drill map at the Company's website,

Drilling completed to date has extended high-grade breccia-hosted gold mineralization southward along strike from the approximate center of the Lookout Mountain pit and laterally to the western edge of the pit.

Drilling and assay results returned to date continue to demonstrate the stratabound nature of the gold mineralization in thick zones of collapse breccias within lower plate carbonate rocks flanking the Ratto Ridge structural zone. Thick zones of low grade gold mineralization also characterize the collapse breccia which may be indicative of a large and expanding envelope of gold mineralization within the Lookout Mountain mineral system. Subsequent work and drilling/assay results will continue to clarify the Lookout Mountain gold deposit model.

Gold intercepts for drill holes BH-06-09 and BH-06-10 are summarized in the following table:

Hole From To Thickness(a) Au Au TD
Ft (m) Ft (m) Ft (m) (opt) (g/tonne) Ft (m)
06-09 613.5 631 17.5 (5.3) 0.022 0.754 1000
(187.0) (192.3) (304.9)

06-10 0.0 55.0 55.0 (16.8) 0.503(b) 17.24 1045
(16.8) (318.6)
Including 15.0 40.5 25.5 (7.8) 0.960(b) 32.93
(4.6) (12.4)
16.0 20.0 4.0 (1.2) 3.733 128.00
(4.9) (6.1)
200.0 235.0 35.0 (10.6) 0.025 0.852
(61.0) (71.6)
458.0 470.0 12.0 (3.7) 0.029 1.009
(139.6) (143.3)
485.5 490.0 4.5 (1.4) 0.037 1.280
(148.0) (149.4)
525.0 540.0 15.0 (4.6) 0.027 0.939
(160.0) (164.6)
(a) True thicknesses are indicated by the apparent flat-lying nature
of the mineralization.

(b) Includes a 5 foot interval of zero core recovery (30-35 ft),
assay value of 0.00 assigned to interval.

The five feet of lost core in BH-06-10 lies within two high grade intervals of the breccia body. These intervals, 0.831 oz/ton over 3.5 feet and 0.376 oz/ton over 5.5 feet, indicate that the mineralization likely continues over the missing interval. Overall, core recovery to date has been excellent.

As a result of the success of the 2006 program, a new resource estimate will be completed to quantify the additional higher grade gold mineralization discovered in the Lookout Mountain portion of the resource area. As new drill data are gathered, these data will be added to the resource estimate. The drill core from the winter program is being logged in detail and new sections as well as three dimensional geological, geochemical and structural models of the gold deposit are being completed.

Gold mineralization at Lookout Mountain is within the Ratto Ridge Fault system which has been traced for a length of more than 4 kilometers (2.5 miles) by previous drilling, mapping and sampling. The potential exists to find this style of mineralization along the length of this fault system to the north and south of the Lookout Mountain pit. The Ratto Ridge Fault system represents a small portion of Staccato's 100% owned South Eureka property, which comprises an area of over 17,600 acres (27 square miles) and is one of the largest gold exploration target opportunities held by a junior in Nevada. The property is located in the Eureka Mining district within the Battle Mountain - Eureka Trend, also referred to as the Cortez Trend. Barrick's Archimedes (Ruby Hill) mine is located approximately 7.2 kilometers (4.5 miles) north of the Staccato claim block and is expected to commence production during 2006. Historic production from the district is in excess of 2 million ounces. Staccato's South Eureka property has a rich history of gold production from several open pits including the Windfall Mine, one of Nevada's first open pit heap leach mines.

R.H. Russell, M.S. Geo and Qualified Person has approved the contents of this press release and is responsible for quality assurance and quality control of exploration undertaken at the Lookout Mountain project, Nevada.

On behalf of the Board of Directors


Greg Hryhorchuk, Vice-President & CFO

About Staccato Gold Resources Ltd: Staccato Gold is a junior gold exploration company with resources and advanced exploration assets exclusively in Nevada. The Company has assembled a portfolio of five gold prospects in the dominant gold trends in Nevada and has a joint venture agreement in place on its ICBM property in the Cortez Trend with Barrick.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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