Strait Gold Corporation

Strait Gold Corporation

November 20, 2007 13:02 ET

Strait Gold Reports Drill Result from Culebrilla

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - Strait Gold (TSX VENTURE:SRD) is pleased to report results from the first 10 diamond drill holes, totalling 1,041 metres, at its Culebrilla property in Ancash Department, Peru. Drilling is continuing on the project and further results from the balance of the program will be reported when available.

The drill program was designed to test three main zones: Caballo, Culebrilla and Alalaj. These first 10 holes complete the drilling on the Caballo and Culebrilla zones. Results from Alalaj are expected in December.

Highlights of drill results to date are outlined in the table below:

Hole From (m) To (m) Length (m) Au g/t Ag g/t
CUL-07-01 8.30 9.00 0.70 0.52 4.70
10.65 11.10 0.45 0.22 13.00
19.05 19.90 0.85 0.43 1.70
22.90 23.85 0.95 0.16 3.40
CUL-07-02 8.00 9.50 1.50 0.12 0.10
13.20 14.50 1.30 0.15 0.20
20.00 21.40 1.40 0.11 0.50
48.50 50.40 1.90 0.16 0.10
CUL-07-03 9.50 19.50 10.00 0.26 0.52
CUL-07-04 6.55 16.35 9.80 0.20 0.50
CUL-07-05 54.50 55.60 1.10 2.84 21.20
CUL-07-06 nsv
CUL-07-07 1.80 3.90 2.10 0.13 15.08
5.80 9.40 3.60 0.15 14.77
10.70 12.00 1.30 0.02 6.30
12.00 18.00 6.00 nsv 0.97
29.80 32.80 3.00 nsv 2.28
CUL-07-08 91.80 96.70 4.90 nsv 2.14
134.00 136.00 2.00 0.12 0.50
CUL-07-09 30.10 33.00 2.90 nsv 3.60
67.50 71.00 3.50 nsv 4.63
including 69.00 70.00 1.00 0.12 7.20
98.00 98.95 0.95 nsv 15.80
CUL-07-10 nsv

nsv equals no significant results (i.e. less than 0.1 g/t gold)

Hole CUL-07-01 was drilled down dip of the Quebrada Ancush mine where previous sampling returned values of up to 7.4 g/t gold and 201 g/t silver over 1.4 m. Low grade gold-silver mineralization between 8.3 -23.85 metres depth in this hole is associated with local narrow quartz-arsenopyrite-pyrite+/-chalcopyrite veins within strongly sericite-calcite-pyrite altered granodiorite.

Holes CUL-07-02, 03 and 04 were drilled downdip of the historic Culebrilla mines and intersected anomalous gold and silver values within shallow silica-chlorite-epidote altered intermediate tuffs with disseminated magnetite+/-pyrite mineralization. A 58.5 -metre intersection of intense phyllic (quartz-sericite-pyrite) alteration within intermediate flow rocks from 50-108.4 metres was encountered in hole CUL-07-03.

Hole CUL-07-05 was drilled in the Caballo zone and intersected 2.84 g/t gold along with 21.2 g/t silver and anomalous copper values over 1.1 metres associated with a 3-4 centimetre wide quartz-calcite-pyrite-hematite+/-chalcopyrite vein within sericite-calcite-silica-chlorite+/-pyrite-hematite altered intermediate tuff. Hole CUL-07-06 was also drilled into the Caballo zone and encountered extensive chlorite-silica-magnetite+/-pyrite alteration but did not return any significant values.

Hole CUL-07-07 was a vertical hole targeting a zone of semi-conformable silica-magnetite-chlorite-pyrite replacement between the Culebrilla and Alalaj zones. The zone was intersected between 1.8 -13.0 metres depth and returned significant silver with anomalous gold mineralization with values up to 14.8 g/t silver over 3.6 metres associated with massive silica-chlorite-pyrite and massive silica-magnetite rock. The true width of this intersection is estimated to be approximately 3.4 metres.

Holes CUL-07-08 and 09 were drilled down dip of the Culebrilla mine trend, approximately 100 metres and 50 metres, respectively, northeast of hole CUL-07-04. Hole CUL-07-09 intersected 15.8 g/t silver over 0.95 metres associated with a 1 centimetre quartz-tourmaline-pyrite+/-chalcopyrite vein within chlorite-sericite-calcite altered intermediate flows. Hole CUL-07-10 was drilled on the same setup as hole CUL-07-09 but did not return any significant values.

"This is the first drilling on this large, 68-square-kilometre property," said President Jim Borland. "While gold and silver values were anomalous but sub-economic, as a first pass on a property with multiple zones to test based on previous surface sampling, it has given us good information.

"Once all of the drill results are available, we will determine how to proceed at Culebrilla. We are also planning an exploration program to advance our recently acquired San Jorge silver-gold property, where initial sampling returned very favourable results, as well as at our Pallcamachay copper prospect."

Drilling is continuing on the Alalaj zone with one hole completed, one hole in progress and a further hole planned. Drilling has been slowed by persistent mechanical failures and the Company anticipates the onset of the rainy season may limit the remainder of the program to these three holes in 2007.

Ryan Weston, P.Geo., Exploration Manager for Strait Gold, is the Qualified Person as defined by NI 43-101 for the purpose of this press release and has reviewed its technical content. Mr. Weston is also responsible for supervising the drill program at Culebrilla. Strait Gold carries out a program of quality assurance and quality control (QA/QC) on its Culebrilla project by inserting into the sample stream at random intervals 1 gold-silver standard every 20 samples and 1 rock blank sample every 20 samples. Core samples are cut in half at the project base camp, brought to Caraz under supervision by Strait Gold employees and shipped to ALS Chemex of Lima Peru, an ISO 9001:2000 accredited laboratory. Individual samples are dried, crushed and pulverized and a 30g aliquot is analyzed for gold by fire assay coupled with atomic absorption spectroscopy (AAS). Silver and copper, together with 33 other elements, are assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active in Peru and listed on the TSX Venture Exchange where it trades under the symbol SRD. It holds a 100% interest in the Culebrilla gold-silver project where drilling is under way, a 100% interest in the Letra Rumi South copper project where drilling is scheduled to begin in 2008 and is earning an interest in two other projects in Peru, San Jorge and Pallcamachay. To learn more about Strait Gold Corporation, please visit our website at

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

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