Stikine Gold Corporation

Stikine Gold Corporation

March 14, 2005 18:28 ET

Stikine Gold Corporation: Sullivan Deeps Project; Drilling Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STIKINE GOLD CORPORATION

TSX VENTURE SYMBOL: SKY

MARCH 14, 2005 - 18:28 ET

Stikine Gold Corporation: Sullivan Deeps Project;
Drilling Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 14, 2005) - Stikine
Gold Corporation (TSX VENTURE:SKY) ("Stikine") announces that diamond
drill hole SD2 at the Sullivan Deeps Project has passed a depth of 1,504
m (4,934 ft) and continues to intersect the normal progression of
stratigraphic markers expected in the upper part of the Middle Aldridge
Formation above 'Sullivan-Time'.

Barcode-like geologic markers, first identified by Cominco geologists in
the 1960's, accurately locate the depth in the stratigraphic section
relative to Sullivan-Time. Since Stikine's last update on February 9,
2005, the following markers have been logged by Mr. Paul Ransom,
Stikine's Project Manager and a noted expert on Sullivan geology;
'Ginty' @ 1,017 m (3,337 ft), 'Mark' @ 1,062 m (3,484 ft), 'Sundown' @
1,139 m (3,739 ft), 'Moyie' @ 1,407 m (4,616 ft).

Based on the positive identification and depth of the Moyie marker in
SD2, the projected depth to the Sullivan Deeps Target is estimated to be
2,275 m (7,465 ft), correlating well with the geophysical interpretation
presented on December 17, 2004 (see SKY #24-04) of a large-scale
geophysical conductor dipping to the south.

Drilling operations at SD1 have been temporarily suspended while
Stikine's drill contractor awaits replacement drill rods to complete the
lower portion of the hole. An update on wedging operations from SD1 will
be announced when further information is available. Mr. Scott Broughton,
P.Eng. is the NI 43-101 qualified person overseeing the Sullivan Deeps
project.

STIKINE GOLD CORPORATION

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


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Stikine Gold Corporation
    Scott E. Broughton, P.Eng.
    President and CEO
    (604) 684-1900 or Toll Free in North America: (888) 881-8322
    (604) 684-2902 (FAX)
    info@stikinegold.com
    www.stikinegold.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.