Sur American Gold Corporation

Sur American Gold Corporation

August 08, 2005 09:21 ET

Sur American Gold Corporation: Initial Drill Rig Now on Site at Comval Gold-Silver-Copper Porphyry Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2005) - Sur American Gold Corporation (TSX VENTURE:SUR) is pleased to advise that an initial drill rig, a Longyear 44 is now on site at its Comval gold-silver-copper project, Mindanao, Philippines.

This initial drilling program at Batoto consists of a two stage program totaling some 40 holes and 12,000 metres and will drill test a 1km by 1km portion in the eastern sector of the large Batoto gold-silver-copper porphyry system. Initial holes are spaced approximately 120 metres apart and will be drilled near vertically. The length of the drill holes is expected to vary from about 150 metres to more than 400 metres in this eastern zone.

According to SUR President and CEO Mr. Rennie Blair "based on extensive surface and underground geological work completed to date the area contains gold bearing large and small veins, veinlets and microveinlets which together comprise the Batoto low-medium grade gold stockwork system. Little or no overburden exists and most holes should intersect the stockwork system at or near the surface."

The Company is now undertaking a Community Information, Education and In-House Training Drill Program which the Company believes is essential as SUR is adopting a "community managed-contractor supervised" approach to its drilling program. Community leaders requested that the local people be informed about drilling and that local people assigned to the drilling operations be properly trained in all aspects of the techniques used including core recovery and handling as well as transportation to the core shed for sample preparation and recording.

Drill core from the program will be sampled and prepared for analysis according to normal industry standards and approximately 250g of representative pulverized core will be sent by airfreight from the Philippines to International Plasma Laboratories (IPL) of Vancouver, BC, Canada for gold, silver and copper analysis. IPL is an ISO 9002 certified laboratory as required by Canadian National Policy 43-101.

This news release was prepared by Mr. Rennie Blair MSc, F.AusIMM, President who is the qualified person as required by National Policy 43-101 and who is the technical person responsible for this news release.

Sur American Gold Corporation is a well financed junior exploration Company and trades on the TSX Venture Exchange (Canada) with trading symbol SUR-V.

On behalf of the board of directors

Alicia Nicholson, Director

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Contact Information

  • Sur American Gold Corporation
    Alicia Nicholson
    (604) 904-8956
    (604) 904-8957 (FAX)