Staccato Gold Resources Ltd.

Staccato Gold Resources Ltd.

October 19, 2009 12:56 ET

Staccato Reports Windfall Project Drill Results

Several Thick Intercepts of Gold Mineralization Returned

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2009) - Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to report assay results from its Windfall project drilling program. The Windfall project, located approximately 4 kilometres northeast of Staccato's flagship Lookout Mountain project, is one of several prospective gold projects on the Company's extensive South Eureka property in Nevada.

Ten holes totaling 2,448 metres (8,030 feet) were completed during the program. Five of the holes were drilled as offsets to follow up on the high grade gold intercept drilled in hole 4 last year (5.25 g/t over 22.9 metres or 75 feet @ 0.153 opt), and five were drilled as exploratory holes to test the strike and dip extent of the Windfall fault zone.

Highlights of the program include:

- Confirmation that the Windfall fault zone is an extensive structural zone that measures up to 90 metres (300 feet) wide, and contains two or more significant zones of mineralization. Staccato has currently tested approximately 1,100 metres (3,600 feet) of the Windfall fault zone, which is part of an extensive regional structural trend that extends south onto Staccato's other projects.

- A secondary hanging wall structure identified by surface mapping and drilling indicates another untested contact zone exits at depth.

- Several thick intercepts of gold mineralization were returned:

-- Hole 7: 41.1 metres at 0.379 g/t gold (135 feet at 0.011 opt)

-- Hole 8: 41.1 metres at 0.549 g/t gold (135 feet at 0.016 opt)

-- Hole 9: 34.4 metres at 0.358 g/t gold (115 feet at 0.010 opt)

-- Hole 11: 30.4 metres at 0.617 g/t gold (100 feet at 0.018 opt)

All holes in the exploration program encountered thick intercepts of low grade gold (holes 5 - 12) or anomalous gold mineralization (holes 13 and 14) within the Windfall fault zone. The offset and exploration holes drilled define the Windfall fault zone as a 45 to 60 metre (150 to 200 foot) thick zone striking roughly north-south and dipping approximately 60 degrees to the east.

The offset program was designed to surround hole 4 with 60 metre (200 foot) offset intersections, however holes 6 and 7 deviated strongly to the southwest, finishing underneath hole 8 approximately 60 metres (200 feet) south. Mapping suggests that a potential northeast cross structure may have caused the deviation.

A secondary hanging wall structure identified by the mapping program was also encountered in drill holes 7, 8, 11, and 13 and is characterized by strong silicification and decalcification of Windfall Formation and Dunderberg shale in the hanging wall side of the fault, and Dunderberg shale and Hamburg Dolomite on the footwall side. Drilling indicates a down to the east offset of the Dunderberg - Hamburg contact. This secondary structure represents an attractive and untested target at depth.

Results from the surface mapping program, historic production and geologic maps, and drilling indicate that high grade gold is locally controlled within cross structures cutting the main Windfall fault zone. The current program tested approximately 1,100 metres (3,600 feet) of the Windfall fault zone with wide spaced drilling. The Windfall fault zone is part of an extensive mineralized structural trend which extends for over 5,250 metres (+17,000 feet) based on historic data. Staccato plans to continue to assess the potential of the prospective Windfall fault zone and the regional trend, with additional surface mapping, sampling, geophysical surveys, and exploration drilling planned for the future.

The following table outlines significant intercepts at a 0.334 g/t (0.010 opt) cutoff:

Hole From To Thickness Grade Comments
BHWF-005 131 m 137 m 6.1 m 0.386 g/t Hole lost in main
Exploration (430 ft) (450 ft) (20 ft) (0.011 opt) fault zone at
227 m (745 ft)
BHWF-006 152 m 161.5 m 9.1 m 0.606 g/t Both intervals in
Offset (500 ft) (530 ft) (30 ft) (0.018 opt) zone from
140 - 235 m
(460 - 770 ft)
average 0.157 g/t
209 m 212 m 3.05 m 0.651 g/t
(685 ft) (695 ft) (10 ft) (0.019 opt)
BHWF-007 186 m 227 m 41.1 m 0.379 g/t
Offset (610 ft) (745 ft) (135 ft) (0.011 opt)
186 m 194 m 7.6 m 0.583 g/t
including (610 ft) (635 ft) (25 ft) (0.017 opt)
216 m 227 m 10.7 m 0.984 g/t
and (710 ft) (745 ft) (35 ft) (0.029 opt)
BHWF-008 129.5 m 170.7 m 41.1 m 0.549 g/t
Offset (425 ft) (560 ft) (135 ft) (0.016 opt)
BHWF-009 100.6 m 135 m 34.4 m 0.358 g/t
Offset (330 ft) (445 ft) (115 ft) (0.010 opt)
including 106.7 m 116 m 9.1 m 1.063 g/t
(350 ft) (380 ft) (30 ft) (0.031 opt)
and 108.2 m 109.7 m 1.5 m 3.497 g/t
(355 ft) (360 ft) (5 ft) (0.102 opt)
BHWF-010 190.5 m 199.6 m 9.1 m 0.337 g/t Fault zone from
Offset (625 ft) (655 ft) (30 ft) (0.010 opt) 160 - 204 m
(525 - 670 ft)
0.191 g/t Au
BHWF-011 135.6 m 140 m 4.6 m 0.640 g/t
Exploration (445 ft) (460 ft) (15 ft) (0.019 opt)
189 m 219.5 m 30.5 m 0.617 g/t
(620 ft) (720 ft) (100 ft) (0.018 opt)
BHWF-012 0 m 3.05 m 3.05 m 0.377 g/t
Exploration (0 ft) (10 ft) (10 ft) (0.011 opt)
44 m 45.7 m 1.5 m 1.577 g/t
(145 ft) (150 ft) (5 ft) (0.046 opt)
BHWF-013 No Significant Intercepts Fault zone from
Exploration 122 to 160 m
(400 - 525 ft)
0.121 g/t Au
BHWF-014 No significant intercepts Fault zone from
Exploration 146 to 180 m
(480 - 590 ft)
0.180 g/t Au

All assays for the program were performed by Inspectorate America Corporation, an ISO 9001 certified assay lab. Drill samples were analyzed for gold using a Fire Assay method with an ICP-AES finish on a 30 gram aliquot. All analyses containing 0.343 g/t (0.01 opt) gold or greater were analyzed using a hot cyanide leach with an AA finish. Check assays on significant intercepts will be completed by ALS Chemex Laboratories, an ISO 9001 certified laboratory.

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 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 information within the meaning of Canadian securities laws. Forward-looking information is based on numerous assumptions, including that equipment and personnel will be available when required, that no delays are experienced in the planned work programs, that technical issues identified in the previous resource estimate for the Lookout Mountain project can be addressed and within the time frame anticipated, and that all necessary approvals for the planned programs will be obtained in a timely manner, and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development such as, but not limited to, risk of delay in obtaining permits and approvals, the risk that actual results of exploration activities will be different than anticipated, risk of failure of equipment, accident, labor disputes and other risks associated with mineral exploration activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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