Stikine Gold Corporation

Stikine Gold Corporation

August 09, 2006 18:15 ET

Stikine Gold Corporation: Sullivan Deeps SD3 Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 9, 2006) - Stikine Gold Corporation (the "Company", "Stikine") (TSX VENTURE:SKY) announces that it has mobilized a contractor to its Sullivan Deeps Project to prepare an access route to the proposed SD3 drill site. Drill rods and other drilling supplies have also arrived in Kimberley in preparation for the SD3 program. Hy-Tech Drilling Ltd. of Smithers, BC will mobilize and commence drilling as soon as access to the drill site has been completed.

The SD3 drill program is the continuation of Stikine's exploration for a sister deposit to the legendary Sullivan Mine at Kimberley, BC. The Sullivan Deeps target area is located 6 km (3.6 miles) north of the mine and within the extension of the north-trending Sullivan sub-basin.

According to the Province of British Columbia, the Sullivan Mine produced approximately 17.5 billion pounds of zinc (Zn), 18.5 billion pounds of lead (Pb) and 298 million ounces of silver (Ag) over its century-long operation. Using current metal prices, Sullivan's production would be valued at over US$40 billion.


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

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