Stikine Gold Corporation

Stikine Gold Corporation

April 03, 2007 19:42 ET

Stikine Gold Corporation: Sullivan Deeps SD3 Drilling Update

Top of the Lower Aldridge Formation Intersected

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine" or the "Company") announces that drilling of its third exploration hole at the Sullivan Deeps Project recently reached a depth of 2,622 metres (8,602 feet).

Project Manager, Paul Ransom, P.Geo., a Qualified Person under NI 43-101, has reported that at a depth of 2,612 m (8,570 ft), the drill hole intersected the Base of the Middle Aldridge ("BMA") and is currently coring through carbonaceous wacke laminate ("CWL") and argillite which marks the top of the Lower Aldridge Formation.

At the Sullivan Mine, six kilometres to the south, the BMA and CWL are located stratigraphically 40-80 m above the main ore band (see Figure 12 in the Geological Report on the Sullivan Deeps Project by Dr. N.C. Carter available on SEDAR and the Company's website).

The SD3 drill program is a continuation of Stikine's exploration for a sister deposit to the legendary Sullivan Mine, located near Kimberley, BC which operated for nearly a century until closing in late 2001. According to the Province of British Columbia, the Sullivan Mine produced approximately 17.5 billion lbs of zinc (Zn), 18.5 billion lbs of lead (Pb) and 298 million ozs of silver (Ag) along with other associated metals. Using current metal prices, Sullivan life-of-mine production would be valued at over US$40 billion.


David J. Skerlec - Chief Financial Officer

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

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