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Message: Staccato Reports Windfall Project Drill Results

Staccato Reports Windfall Project Drill Results

posted on Oct 19, 2009 01:20PM

Staccato Reports Windfall Project Drill Results


Several Thick Intercepts of Gold Mineralization Returned

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2009) - Staccato Gold 
Resources Ltd. (TSX VENTURE:CAT) is pleased to report assay results from 
its Windfall project drilling program. The Windfall project, located 
approximately 4 kilometres northeast of Staccato's flagship Lookout 
Mountain project, is one of several prospective gold projects on the 
Company's extensive South Eureka property in Nevada.

Ten holes totaling 2,448 metres (8,030 feet) were completed during the 
program. Five of the holes were drilled as offsets to follow up on the high 
grade gold intercept drilled in hole 4 last year (5.25 g/t over 22.9 metres 
or 75 feet @ 0.153 opt), and five were drilled as exploratory holes to test 
the strike and dip extent of the Windfall fault zone.

Highlights of the program include:

- Confirmation that the Windfall fault zone is an extensive structural zone 
that measures up to 90 metres (300 feet) wide, and contains two or more 
significant zones of mineralization. Staccato has currently tested 
approximately 1,100 metres (3,600 feet) of the Windfall fault zone, which 
is part of an extensive regional structural trend that extends south onto 
Staccato's other projects.

- A secondary hanging wall structure identified by surface mapping and 
drilling indicates another untested contact zone exits at depth.

- Several thick intercepts of gold mineralization were returned:

 -- Hole 7: 41.1 metres at 0.379 g/t gold (135 feet at 0.011 opt)

 -- Hole 8: 41.1 metres at 0.549 g/t gold (135 feet at 0.016 opt)

 -- Hole 9: 34.4 metres at 0.358 g/t gold (115 feet at 0.010 opt)

 -- Hole 11: 30.4 metres at 0.617 g/t gold (100 feet at 0.018 opt)

All holes in the exploration program encountered thick intercepts of low 
grade gold (holes 5 - 12) or anomalous gold mineralization (holes 13 and 
14) within the Windfall fault zone. The offset and exploration holes 
drilled define the Windfall fault zone as a 45 to 60 metre (150 to 200 
foot) thick zone striking roughly north-south and dipping approximately 60 
degrees to the east.

The offset program was designed to surround hole 4 with 60 metre (200 foot) 
offset intersections, however holes 6 and 7 deviated strongly to the 
southwest, finishing underneath hole 8 approximately 60 metres (200 feet) 
south. Mapping suggests that a potential northeast cross structure may have 
caused the deviation.

A secondary hanging wall structure identified by the mapping program was 
also encountered in drill holes 7, 8, 11, and 13 and is characterized by 
strong silicification and decalcification of Windfall Formation and 
Dunderberg shale in the hanging wall side of the fault, and Dunderberg 
shale and Hamburg Dolomite on the footwall side. Drilling indicates a down 
to the east offset of the Dunderberg - Hamburg contact. This secondary 
structure represents an attractive and untested target at depth.

Results from the surface mapping program, historic production and geologic 
maps, and drilling indicate that high grade gold is locally controlled 
within cross structures cutting the main Windfall fault zone. The current 
program tested approximately 1,100 metres (3,600 feet) of the Windfall 
fault zone with wide spaced drilling. The Windfall fault zone is part of an 
extensive mineralized structural trend which extends for over 5,250 metres 
(+17,000 feet) based on historic data. Staccato plans to continue to assess 
the potential of the prospective Windfall fault zone and the regional 
trend, with additional surface mapping, sampling, geophysical surveys, and 
exploration drilling planned for the future.

The following table outlines significant intercepts at a 0.334 g/t (0.010 
opt) cutoff:

/T/

---------------------------------------------------------------------------
                                    Drilled
Hole              From        To  Thickness        Grade  Comments
---------------------------------------------------------------------------
BHWF-005         131 m     137 m      6.1 m    0.386 g/t  Hole lost in main 
Exploration    (430 ft)  (450 ft)    (20 ft)  (0.011 opt) fault zone at 
                                                          227 m (745 ft)
---------------------------------------------------------------------------
BHWF-006         152 m   161.5 m      9.1 m    0.606 g/t  Both intervals in 
Offset         (500 ft)  (530 ft)    (30 ft)  (0.018 opt) zone from 
                                                          140 - 235 m 
                                                          (460 - 770 ft) 
                                                          average 0.157 g/t
---------------------------------------------------------------------------
                 209 m     212 m     3.05 m    0.651 g/t
               (685 ft)  (695 ft)    (10 ft)  (0.019 opt)
---------------------------------------------------------------------------
BHWF-007         186 m     227 m     41.1 m    0.379 g/t
Offset         (610 ft)  (745 ft)   (135 ft)  (0.011 opt)
---------------------------------------------------------------------------
                 186 m     194 m      7.6 m    0.583 g/t
 including     (610 ft)  (635 ft)    (25 ft)  (0.017 opt)
---------------------------------------------------------------------------
                 216 m     227 m     10.7 m    0.984 g/t
 and           (710 ft)  (745 ft)    (35 ft)  (0.029 opt)
---------------------------------------------------------------------------
BHWF-008       129.5 m   170.7 m     41.1 m    0.549 g/t
Offset         (425 ft)  (560 ft)   (135 ft)  (0.016 opt)
---------------------------------------------------------------------------
BHWF-009       100.6 m     135 m     34.4 m    0.358 g/t
Offset         (330 ft)  (445 ft)   (115 ft)  (0.010 opt)
---------------------------------------------------------------------------
 including     106.7 m     116 m      9.1 m    1.063 g/t
               (350 ft)  (380 ft)    (30 ft)  (0.031 opt)
---------------------------------------------------------------------------
 and           108.2 m   109.7 m      1.5 m    3.497 g/t
               (355 ft)  (360 ft)     (5 ft)  (0.102 opt)
---------------------------------------------------------------------------
BHWF-010       190.5 m   199.6 m      9.1 m    0.337 g/t  Fault zone from 
Offset         (625 ft)  (655 ft)    (30 ft)  (0.010 opt) 160 - 204 m 
                                                          (525 - 670 ft) 
                                                          averages 
                                                          0.191 g/t Au
---------------------------------------------------------------------------
BHWF-011       135.6 m     140 m      4.6 m    0.640 g/t
Exploration    (445 ft)  (460 ft)    (15 ft)  (0.019 opt)
---------------------------------------------------------------------------
                 189 m   219.5 m     30.5 m    0.617 g/t
               (620 ft)  (720 ft)   (100 ft)  (0.018 opt)
---------------------------------------------------------------------------
BHWF-012           0 m    3.05 m     3.05 m    0.377 g/t
Exploration      (0 ft)   (10 ft)    (10 ft)  (0.011 opt)
---------------------------------------------------------------------------
                  44 m    45.7 m      1.5 m    1.577 g/t
               (145 ft)  (150 ft)     (5 ft)  (0.046 opt)
---------------------------------------------------------------------------
BHWF-013               No Significant Intercepts          Fault zone from 
Exploration                                               122 to 160 m 
                                                          (400 - 525 ft) 
                                                          averages 
                                                          0.121 g/t Au
---------------------------------------------------------------------------
BHWF-014               No significant intercepts          Fault zone from 
Exploration                                               146 to 180 m 
                                                          (480 - 590 ft) 
                                                          averages 
                                                          0.180 g/t Au
---------------------------------------------------------------------------

/T/

All assays for the program were performed by Inspectorate America 
Corporation, an ISO 9001 certified assay lab. Drill samples were analyzed 
for gold using a Fire Assay method with an ICP-AES finish on a 30 gram 
aliquot. All analyses containing 0.343 g/t (0.01 opt) gold or greater were 
analyzed using a hot cyanide leach with an AA finish. Check assays on 
significant intercepts will be completed by ALS Chemex Laboratories, an ISO 
9001 certified laboratory.

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