Strait Gold Corporation
TSX VENTURE : SRD

Strait Gold Corporation

April 20, 2011 15:50 ET

Strait Gold Commissions Airborne Geophysics for Alicia

TORONTO, ONTARIO--(Marketwire - April 20, 2011) - Strait Gold Corporation (TSX VENTURE:SRD) is pleased to announce that it has signed contracts for airborne geophysical surveys to be conducted over its Alicia copper-gold project in southern Peru.

Helicopter-borne ZTEM (a deep-penetrating, natural-field electromagnetic system), magnetic and radiometric surveys over the entire 26-sq.-km property are expected to begin within a month. Final results are expected before the end of June.

"Geophysics have been instrumental in identifying primary drill targets on many porphyry-type deposits around the world," said Strait Gold President Jim Borland. "Combined with results from our reconnaissance drilling program completed earlier this year, these surveys will allow us to zero in on the best targets for our 2011 drilling campaign."

The airborne surveys are being coordinated with a major mining company that is undertaking similar geophysical surveys in the same general area as the Company's Alicia Project, resulting in an extremely cost-effective program for Strait Gold.

The Company has also retained Thomas V. Weis and Associates of Centennial, Colorado, to provide geophysical consulting services. Mr. Weis is the former Chief Geophysicist for Newmont Mining.

These airborne geophysical surveys are part of an aggressive exploration campaign planned for Alicia that includes stream sediment geochemistry over the entire property, detailed soil geochemistry over the central portion of the property and additional core drilling.

Strait Gold has an option to earn a 100% interest in the Alicia property situated in the Andahuaylas-Yauri copper belt approximately 500 km southeast of Lima. This belt hosts a number of important copper and copper-gold deposits including Las Bambas (about 40 km west of Alicia) and Antapaccay (about 80 km southeast of Alicia) in which Xstrata is investing an aggregate of US$5.7 billion to develop. The belt also includes the Haquira copper project (about 40 km west of Alicia), which was recently acquired by First Quantum Minerals, and the Constancia copper project (about 60 km east of Alicia), which was recently acquired by HudBay Mining.

All of the Company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101 and is a director of the Company. Dr. Moss has reviewed the technical content of this news release.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active solely in Peru and listed on the TSX Venture Exchange. In addition to the Alicia Project, Strait Gold holds a 100% interest in the Letra Rumi South copper-silver property and the Culebrilla gold-silver property, both in Ancash Department approximately 250 km north of Lima. To learn more about Strait Gold, please visit our website at www.straitgold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information