Stroud Resources Ltd.

Stroud Resources Ltd.

December 01, 2011 18:31 ET

Stroud Intercepts Wide Mineralized Zone at Santo Domingo 26.0 Metres of 88.46 g/t Silver and 0.11 g/t Gold Including 8.0 Metres of 231.24 g/t Silver and 0.19 g/t Gold

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2011) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") today announced the latest results from its drill program at the Santo Domingo project in central Mexico. Drill results continue to be very encouraging, with DDH #42 intersecting the "up dip" extension of the mineralization encountered in DDH #11. The distance between the two mineralized intersections is approximately 175 metres.

Drill hole #38 was drilled under DDH #37 (see press release dated July 20, 2011) on section 5656 North. The drill core indicates that there is a major structural change between section lines 5625 North and 5650 North. Faulting was likely post mineralization and limited the size of the mineralized zone. Drill hole #38 intersected 7.2 metres of 76.53 g/t silver and 0.07g/t gold.

Drill hole #39 was drilled on section 5626 North and was abandoned at a depth of 30.5 metres due to near surface rubble, and intersected 3.1 metres of 47.32 g/t silver and 0.04 g/t gold.

Drill hole #40 was drilled at section 5626 North at -76° and intersected 15.0 metres of 49.13g/t silver and 0.07 g/t gold as well as 4.0 metres of 61.50 g/t silver and 0.32 g/t gold. Again structural changes in the lithology appear to have limited the size of the mineralized zone.

Drill hole #41 was drilled on section 5626 North at -60° and intersected 10.0 metres of 44.46g/t silver and 0.09g/t gold.

Drill hole #42 was drilled on section 5829 North at -20° on the Guadalupe zone and intersected the mineralized zone 175 metres up dip from the mineralization intersected in Drill hole #11. Drill hole #42 intersected 26.0 metres of 88.46g/t silver and 0.11g/t gold, including 8.0 metres of 231.24g/t silver and 0.19g/t gold.

Drilling is continuing on the Santo Domingo project, and Stroud is currently drilling hole #45. Assay results for drill holes #38 to #42 are provided in the table below.

Structure Hole Depth
From (m)
To (m)
Rayas Section 5656 North DDH 38
172.34 179.54 7.2 76.53 0.07
Rayas Section 5626 North DDH 39
17.9 21.0 3.1 47.32 0.04
Stopped at 30.5 metres due to surface rubble
Rayas Section 5626 North DDH 40
31.0 46.0 15.0 49.13 0.07
52.0 56.0 4.0 61.50 0.32
68.0 72.0 4.0 28.50 0.09
Rayas Section 5626 North DDH 41
41.0 43.0 2.0 72.5 0.08
90.0 100.0 10.0 44.46 0.07
Guadalupe Section
5829 North
DDH 42
3.0 4.0 1.0 404.0 2.41
17.0 19.0 2.0 59.50 0.12
117.0 143.0 26.0 88.46 0.11
Incl. 128.0 139.0 11.0 176.90 0.15
Incl. 131.0 139.0 8.0 231.24 0.19
168.0 173.0 5.0 28.80 0.22
The widths above are not true widths. True widths remain to be determined.

To view a map of the Santo Domingo-Mexico Silver-Gold Property , please visit the following link:


The drill core sampling program includes onsite supervision of sampling by Dr. Stew Fumerton. He has included insertion of random blanks and certified reference material. The drill core is sawed in half, with one half sent out for assay and the other half stored in Stroud's secure facility. Gold was determined by Fire Assay with an AA finish whereas silver was determined by ICP after a four acid total digestion. About 20% of the samples have been checked by re-assaying using the more traditional Fire Assay gravimetric finish.

George Coburn, P.Geo., President and CEO of Stroud Resources Ltd., is the Qualified Person within the meaning of National Instrument 43-101 for the project, and has prepared or supervised the preparation of all scientific and technical data contained in this news release, including sampling, analytical and test data. Analytical work is performed by ALS Minerals in Vancouver, BC (ISO 9001) Certified Assayers.

Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud also owns a 100% interest in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud has granted St. Andrew Goldfields an option to earn up to a 60% interest in the Hislop gold property. Stroud also generates cash flow from a 3.75% interest in six natural gas, and natural gas condensate wells in central Alberta.

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.

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