Stikine Gold Corporation

Stikine Gold Corporation

March 06, 2007 18:27 ET

Stikine Gold Corporation: Sullivan Deeps SD3 Hits Hiawatha MarkerDrilling Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 6, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine") announces that diamond drilling of its third exploration hole at the Sullivan Deeps Project recently reached a depth of 2,062 metres (m) (6,765 feet).

Project Manager, Paul Ransom, P.Geo., a Qualified Person under NI 43-101, has reported that the top of the "Hiawatha" marker was intersected at a depth of 2000.6 m (6,564 ft). The Hiawatha marker is a thick sequence of unique sedimentary marker rocks located stratigraphically 450 to 550 m (1,476 to 1,804 ft) above "Sullivan-time" where the famous Sullivan deposit occurs.

Normal coring operations will resume on or about March 14th, after a planned one week break for the drill crews.

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

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