Stratton Resources Inc.

Stratton Resources Inc.

November 23, 2011 09:00 ET

Stratton Resources Provides Exploration Update: Reports 93 Metres of 0.123% Molybdenum and 0.219% Copper at MAC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2011) - Stratton Resources Inc. (TSX VENTURE:SI) ("Stratton" or the "Company") is pleased to announce exploration progress at its Bear Canyon Copper Project ("Bear Canyon") as well as the first set of assay results from drilling at the MAC Molybdenum-Copper Project ("MAC"). In addition, the Company has filed an inaugural National Instrument 43-101 (the "NI 43-101") report for its 100% owned Lunar Copper-Gold porphyry exploration property in northern British Columbia.

MAC Exploration Update

Stratton's initial objective at MAC is to confirm, expand and quantify the historic, non NI 43-101 compliant, molybdenum-copper resource. The first phase of this work, designed to produce an updated NI 43-101 resource estimate, is to drill 10,000 metres of diamond drill holes in the Camp zone, conduct airborne geophysics over the entire land package and conduct approximately 60 line kilometers of ground IP over the Peak, Camp and Pond zones.

To-date, the Company has completed:

  • 7,800 metres (35 holes) of diamond drilling with two rigs currently active on site.
  • Airborne geophysics over all 13,000 hectares of claims at 100 to 200 metre line spacing.
  • 34 line kilometers of ground IP and 60 line kilometers of line cutting.

One diamond drill is deployed on the north-west contact of the Camp zone and one on the east contact.

Please click the link below for a drill hole location map of the 35 holes drilled to-date or see the Company's website at

To view the drill hole location map click on:

Holes 1 through 5, 7 and 9 were drilled on the east contact zone and all holes show significant molybdenum-copper mineralization including a highlighted intercept of 93 metres of 0.123% Mo and 0.219% Cu.

East Zone Contact Drill Results
Hole ID From
MC11-01 56 186 130 0.067 0.178
including 58 140 82 0.081 0.168
MC11-02 36 172 136 0.098 0.232
including 47.3 140.2 92.9 0.123 0.219
MC11-03 9.1 190 181 0.081 0.198
including 49 123 74 0.133 0.217
MC11-04 9.1 184 174.9 0.083 0.151
including 71 125.6 54.6 0.172 0.225
MC11-05 35 152 117 0.084 0.178
including 41 126 85 0.095 0.121
MC11-07 50 124.3 74.3 0.119 0.191
including 72 107.8 35.8 0.150 0.209
MC11-09 66.6 167.6 101 0.117 0.189

Holes 6, 8 and 10 were drilled on north-west contact and show significant molybdenum-copper mineralization including a highlight intercept of 95 metres at 0.153% Mo and 0.155% Cu.

North-West Contact Zone Drill Results
Hole ID From
MC11-06 39 144.4 105.4 0.117 0.097
including 87 129 42 0.200 0.116
MC11-08 28 126 98 0.076 0.050
including 32 94 62 0.082 0.069
MC11-10 96 230.2 134.2 0.140 0.177
including 108 203 95 0.153 0.155

Stratton's President and CEO, Greg McCunn commented: "We are very encouraged with the initial drill results from the MAC Project. These results show the potential to both increase the previously understudied copper grades of the historical resource as well as expand upon the historic resource. We plan to complete both the initial 10,000 metres of diamond drilling and 60 line kilometers of ground IP in mid December. The complete program's drilling results will be compiled into an NI 43-101 compliant resource estimate, which will be completed in early 2012."

Bear Canyon Exploration Update

The first phase of drilling at Bear Canyon commenced in early October with the objective of evaluating an IP geophysical anomaly that had been defined by prior work and occurred under and along strike from surface oxide copper and native copper occurrences.

To-date, seven drill holes have been completed with assay results from the drilling still pending. Drilling has intercepted broad sections of volcaniclasitics with matrix-supported intrusive and volcanic fragments. Certain of these fragments show developed copper-porphyry mineralization with observed chalcopyrite, bornite and molybenite. In addition, narrow veins of epidote and native copper occur regularly throughout the drill core and are thought to be providing a vector toward an area of increasing strength of mineralization.

Greg McCunn commented: "This first phase of drilling has enhanced our view that Bear Canyon represents an exciting opportunity for a new discovery in an area known to host large copper porphyry deposits. The property has never been evaluated by magnetic surveying, which we believe is the next important step to determine if the intrusive source of this porphyry mineralization is nearby."

The Company plans to fully evaluate the drilling results as they become available and to undertake an airborne mag survey of the entire 2,200 hectare claim area.

Lunar Project

In late October, the Company completed an initial NI 43-101 report on its 100% owned Lunar Copper-Gold porphyry exploration target. The report describes the underlying geology of the project area, summarizes the properties exploration history and reviews the nature of the property's mineralization. A work program has been proposed which will be used to develop the Company's exploration program for 2012. The report is available on both SEDAR and the Company's website at

On behalf of the Board of Directors,

Greg McCunn, President & CEO

Qualified Person

Richard Haslinger, P.Eng., is the qualified person under NI 43-101 who has reviewed the technical disclosure in this news release and is responsible for the technical information contained in this release.

At MAC, HQ diamond drill holes are positioned and oriented by GeoMinex Consultants Inc. who then also lay out and oversee sampling and insertion of quality control standards, blanks and duplicates into the core sample stream. Samples are collected from two metre sawn core intervals and transported to Acme Laboratories for near-total hot four-acid digestion and ICP-ES (inductively coupled plasma emission spectroscopy) multi-element analysis.

About Stratton Resources

Stratton Resources Inc. is a Canadian mineral exploration company focused on the discovery and development of porphyry molybdenum-copper deposits in British Columbia and Arizona. Stratton's goal is to build a quality asset portfolio consisting of base metal properties at various stages of development. With an experienced management team, that has a proven track record of successful discovery and development of mineral deposits, Stratton is positioned to rapidly build shareholder value.

For more information please visit our website at

Disclosure Notes

The above release contains forward-looking information, which in Stratton's view is based on reasonable assumptions and estimates. There can be no assurance that forward looking statements will prove to be accurate and are subject to may factors beyond the control of Stratton including third party consents, regulatory approvals the state of capital markets and the appetite for higher risk junior resource companies. For further details about Stratton and the risks it faces see its public filings at

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

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