Staccato Gold Resources Ltd.

Staccato Gold Resources Ltd.

June 12, 2008 17:23 ET

Staccato Gold Provides an Update Regarding Its South Eureka Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2008) - Staccato Gold Resources Ltd. (TSX VENTURE:CAT) provides the following update regarding the Company's South Eureka property in Nevada. The South Eureka property is comprised of several projects including the Lookout Mountain project (refer to Technical Report and Gold Resource Estimate for the South Eureka District Property, January 15, 2007 filed on SEDAR).

Scoping Study

Staccato retained SRK Consulting U.S. Inc. (SRK) to complete a preliminary economic scoping study of the Lookout Mountain project in 2007. The study was not completed when it became evident that more technical data was needed to assess the economics of the project, and that SRK had issues with some of the methodology used in the 2007 resource estimate. Specifically, SRK identified that grade shells were not used appropriately to limit tons and grade estimation. In addition, SRK is of the opinion that insufficient geological constraints were employed in the resource estimation which could lead to inflated numbers. SRK also believes the density values used in the tonnage calculations were too high, and that in its opinion, additional density determinations are required to improve tonnage calculations in the Lookout Mountain resource estimate.

Technical Work Program

To address the issues noted above, Staccato has initiated a comprehensive work program to improve the understanding of the technical aspects of the project. The program, which is expected to run through 2008 and 2009, will include geologic modeling that will incorporate structural and stratigraphic controls to mineralization, additional density determinations, further exploration drilling, and metallurgical test work. The results of this work will be incorporated into an updated resource estimate for the Lookout Mountain project. Two independent consultants will be retained to complete the updated resource estimate. Staccato expects to reactivate the scoping study following completion of the technical work program.


Staccato is currently planning the 2008/09 exploration program at South Eureka, with details expected in the coming weeks. Staccato is of the opinion that the South Eureka property has excellent exploration upside both at the deposit scale and on the regional scale. The current Lookout Mountain resource is defined over a relatively small area at the north end of a mineralized structural corridor that extends for several thousand feet across the property, and up to 2.5 to 3 miles in strike length. This structure hosts several areas of drill indicated mineralization and the exploration potential in this corridor is strong, as evidenced by historic drilling, and soil and rock geochemical analyses. The Lookout Mountain mineralization itself is open for expansion at depth and along strike, especially to the south. Regionally several other target areas also exist where historic production and exploration have occurred, but only limited systematic exploration has been conducted.

This press release was reviewed by Gary Edmondo, M.Sc. Geology, who is Staccato's Senior Exploration Manager, and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

On behalf of the Board of Directors


Grant Ewing, President & CEO, Director

About Staccato Gold Resources Ltd: Staccato Gold is a well funded junior gold exploration company with resources and advanced stage exploration assets located exclusively in Nevada. The Company has assembled a portfolio of five highly prospective gold prospects in the dominant gold trends in Nevada.

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 news release.

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