Stikine Gold Corporation

Stikine Gold Corporation

April 09, 2007 09:54 ET

Stikine Gold Corporation: Sullivan Deeps Program Concluded

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 9, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine" or the "Company") announces that diamond drill hole SD3 at the Sullivan Deeps project intersected a 0.4 metre interval of laminated and semi-massive sulphides, comprised primarily of uneconomic pyrrhotite, at a depth of 2,659 metres. SD3 was terminated on Friday April 6, 2007, in the Lower Aldridge formation at a total depth of 2,696 metres (8,845 feet), in geology clearly identifiable as Sullivan "footwall".

SD3 successfully reached its target depth and tested the centre of a sub-basin that also hosts the famous Sullivan Deposit and a large-scale geophysical conductor observed during down-hole UTEM4 geophysics completed by the Company in late 2004 and by others in 1996. As pyrrhotite is highly conductive, the relatively thin sulphide intervals encountered in SD3 and in previous drill holes is believed to account for the geophysical anomaly.

The Sullivan Deeps target has now been adequately tested and the Company will not conduct any future exploration at the project. Stikine will now focus its efforts on its other exploration projects, including the Huskie Uranium project in the Athabasca Basin, on which the Company is planning an airborne survey followed by prospecting and sampling this summer.

Mr. Paul Ransom, P.Geo. is the NI 43-101 qualified person overseeing the Sullivan Deeps project.


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

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

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