Nice!

did you see this SRD.V great news? big volume day

STRAIT ISSUES SHARES FOR WARRANT EXERCISE, PREPARES TO RESUME DRILLING AT ALICIA

Teck Resources Ltd. has exercised three million warrants to purchase three million common shares of Strait Minerals Inc. at 12 cents per share for net proceeds to Strait of $360,000. Teck now directly holds nine million common shares of Strait, representing approximately 14.9 per cent of the issued and outstanding common shares of the company.

"The early exercise of these warrants is a vote of confidence," said Strait President Jim Borland. "Teck has now invested $2.76 million - $1.5 million on exploration work and $1.26 million on Strait shares - before drilling to test the porphyry at our Alicia property has even begun. Drilling has been delayed almost a full year by a nation-wide change in regulations regarding exploration in Peru," said Mr. Borland. "We have now received government approval for drilling."

A driller has been contracted to mobilize two rigs and conduct an initial 3,500-metre drill program that is expected to meet Teck Peru's mandatory work commitment of $2 million. An Environmental Impact Assessment for up to 23,000 metres of drilling in 52 holes has been approved by Peru's mines ministry. Drilling is expected to be under way before the end of September.

"In this difficult market environment we have also taken steps to improve liquidity," said Mr. Borland. "As a result of the warrant exercise, we now have $500,000 in working capital to be used for general corporate purposes while Teck Peru pays for all expenditures at Alicia." The Company also receives a 10% administration fee from Teck Peru for managing the program.

Teck, through its wholly owned subsidiary Teck Peru S.A. ("Teck Peru"), can earn up to a 75% interest in the Company's 100% owned Alicia property in Peru by, among other things, spending $30 million on exploration or by spending $10 million on exploration and delivering a pre-feasibility study to the Company.

To earn a 45% direct interest in the Alicia property, Teck must:

-- spend $4 million ($2 million committed) on exploration ($1.5 million spent to date on mapping, sampling and geophysics);
and -- exercise the 3,000,000 warrants (completed). (See press release dated December 9, 2011 to view full agreement terms.)

more buys at the ask in SRD.v

right but raising since 0.04

try to take a look something big is near imo

Teck MUST execute 0.35 warrants before end of year you know what that means

take care

Small bounce on low volume...

I'm not really keeping up with the little guys of late...

did you see SRD my friend? doing great lately..

I am back! Huge news coming! drill about to start and Teck MUST execute 0.35 warrants before end of year!

Keep an eye on her!

SRD.V huge news!! Strait Gold Options Caribe Copper Property in Peru
TORONTO, ONTARIO, Feb 29, 2012 (MARKETWIRE via COMTEX) -- Strait Gold Corporation ("Strait Gold" or the "Company") (tsx venture:SRD) is pleased to report that it has reached an agreement with Minera Senna EIRL ("Senna"), a private Peruvian company, giving Strait Gold the option to purchase a 100% interest in the Caribe copper property in Peru's Apurimac Region.

The 200-hectare property is approximately 500 km southeast of Lima, within the Andahuaylas-Yauri copper belt and surrounded by concessions registered to Xstrata Peru S.A. It is accessible by paved and gravel roads from the city of Cusco and lies about 80 km west of the Company's Alicia Project, recently optioned to Teck Resources (see news release dated December 9, 2011), which lies within the same copper belt.

The Andahuaylis-Yauri belt hosts a number of important copper and copper-gold deposits including Grupo Mexico's Los Chancas 35 km west of Caribe currently at the feasibility stage, Xstrata's Las Bambas 60 km east of Caribe and Antapaccay 100 km further southeast in which Xstrata is investing an aggregate of US$5.7 billion for development, the Haquira copper project acquired in 2011 by First Quantum Minerals and the Constancia copper project acquired in 2011 by HudBay Mining.

Porphyry copper-molybdenum mineralization at Caribe is associated with quartz porphyrytic intrusives that are extensively brecciated. Typical porphyry-style alteration is present including secondary biotite (potassic) and intense argillic alteration. Secondary enrichment zones composed of covelite-chalcocite-bornite and pyrite locally make up more than 10% of the rock. Historical assays of nine samples returned up to 4.5% copper, greater than 100 grams per tonne (g/t) silver and greater than 1% zinc in the secondary enrichment zone and up to 0.82% copper and 0.08% molybdenum in the primary sulphide zone. The porphyry system extends across the property in a northwest-southeast direction for more than 1,000 metres and is approximately 700 metres wide.

Recent reconnaissance mapping and sampling was conducted by Strait Gold geologists as part of the Company's due diligence. A total of 11 composite chip samples from panels of 1-4 square metres were taken intermittently over approximately 500 metres Highlights include: 5.38% copper, 1.405% molybdenum, 0.334 g/t gold and 63 g/t silver in one sample and 3.88% copper, 1.055% molybdenum, 0.387 g/t gold and 31.8 g/t silver in another. Five of the 11 samples returned greater than 3.3% copper. Detailed results are shown in the table below:

"Caribe is a very prospective concession in an emerging world-class copper belt where we are fortunate to now have two excellent properties," said Strait Gold President Jim Borland. "Drilling at our Alicia Project is fully funded for 2012 and at Caribe we plan to complete all preliminary work as quickly as possible so that we can begin drilling to test its true potential."




-----------------------------------------------------------------------
-----
Panel
dimensions Au Ag Cu Mo Pb Zn
Sample ID (m) rock type (g/t) (g/t) (%) (%) (%) (%)
----------------------------------------------------------------------------
E990801 1x1 breccia 0.334 63 5.38 1.405 0.04 0.15
E990802 2x2 breccia 0.387 31.8 3.88 1.055 0.02 0.03
less less
than than
E990803 2x2 breccia 0.005 0.8 0.13 0.006 0.01 0.01
less less
than than
E990804 2x2 QFP bd bd 0.01 0.003 0.01 0.01
less less less
than than than
E990806 2x2 QFP bd bd 0.01 0.001 0.01 0.01
less less less
than than than
E990807 2x2 QFP 0.007 0.8 0.03 0.001 0.01 0.01
less
than
E990808 2x2 breccia 0.009 9.7 0.33 0.001 0.02 0.03
less less less
than than than
E990809 2x2 QFP bd bd 0.01 0.001 0.01 0.01
less
than
E990811 2x2 breccia 1.465 8.8 3.58 0.001 0.03 0.12
less
than
E990812 1x1 breccia 0.034 25.6 3.32 0.001 0.50 1.25
less
than
E990813 1x1 breccia 0.039 33 3.68 0.001 0.67 1.37
----------------------------------------------------------------------------
Abbreviations: bd below detection limit; QFP quartz feldspar porphyry,
detection limits: Au less than 0.005ppm; Ag less than 0.2 ppm.





Strait can earn a 100% interest in the Caribe Property by making option payments over a three-year period commencing upon the registration of a community agreement with Peruvian authorities (the "Anniversary Date"). The total cost for Strait Gold to earn its interest is US$1.2 million with payments scheduled as follows: a non-refundable payment of US$20,000 to secure the option (paid); US$40,000 on the Anniversary Date; US$40,000 six months after the Anniversary Date; US$100,000 one year after the Anniversary Date; US$400,000 two years after the Anniversary Date; and a final US$600,000 three years after the Anniversary Date. There are no work commitments and no royalties and Strait Gold will not earn any interest until the final payment is made.

The agreement with Senna has been duly registered under Peruvian law. The property is currently the subject of small-scale mining. Under Peruvian law, small-scale mining is governed by an environmental impact statement regime that is more lenient than that applicable to mid-scale and large-scale mining. It is the Company's intention to obtain community and government approval to conduct exploration adhering to the highest Peruvian and international standards.

Quality Control and Quality Assurance

All sampling is supervised by Strait Gold personnel. Samples are placed in plastic sample bags that are closed with single use plastic ties. Samples are securely stored in a locked room prior to transportation to Cusco by Strait Gold personnel. Samples are delivered to the ALS Chemex office in Cusco and forwarded by ALS Chemex to Arequipa for sample preparation. The resulting pulps are sent to its laboratory in Lima, for analysis. ALS Chemex is an ISO 9001:2000 registered laboratory. Samples are analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Silver, copper, molybdenum, lead and zinc, together with 30 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Overlimit silver (greater than 100ppm); copper (greater than 10,000ppm), lead (greater than 10,000ppm) and zinc (greater than 10,000ppm) are reassayed by atomic absorption. Strait Gold routinely carries out a program of quality assurance/quality control (QA/QC) that includes insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination.

All of the Company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101 and is a director of the Company. Dr. Moss has reviewed the technical content of this news release.

About Strait Gold

Strait Gold Corporation is a Canadian mineral exploration company active solely in Peru since 2003 and listed on the TSX Venture Exchange. It holds a 55% interest with an option to increase that interest to 100% in the Alicia copper-gold property which lies within the Andahuaylas-Yauri porphyry-skarn copper belt approximately 500 km southeast of Lima. Strait Gold has granted Teck Peru S.A., a wholly owned subsidiary of Teck Resources Limited, an option to earn up to a 75% interest in the property by, among other things, spending $30 million on exploration or by spending $10 million on exploration and delivering a pre-feasibility study. The Company also holds a 100% interest in the Letra Rumi South base metals property and a 100% interest in the Culebrilla precious metals property, both approximately 250 km north of Lima. The Company continuously reviews exploration opportunities in Peru and is actively seeking additional projects.

To learn more about Strait Gold Corporation, please visit our web site at www.straitgold.com .

and up and up..my target $0.50

Continues up...

Teck exercised warrants in SRD.V Strait Gold? NICE

Dec 20/11 Dec 14/11 Teck Cominco Limited Direct Ownership Warrants 00 - Opening Balance-Initial SEDI Report
Dec 20/11 Dec 14/11 Teck Cominco Limited Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report

3 million shares at $0.20

3 million shares at $0.25

current pps 0.15

seems Alicia copper project is really HUGE!!

who said runner?

Teck news a few weeks back is interesting...

Another Peruvian Cia DRI.v amazing new adquisition 0.10 now easy 0.50 ........The property is nestled between several major ore deposits including Anglo American's Michiquillay copper-gold porphyry, located six kilometres to the southwest (631 million tonnes of 0.69 per cent copper, 0.15 gram per tonne gold and 0.02 per cent molybdenum), and China Minmetals and Jiangxi Copper Corp.'s El Galeno copper-gold porphyry, located six kilometres to the north (661 million tonnes of 0.50 per cent copper and 0.12 g/t gold), though it is not possible to determine if similar results will be obtained from the property.

news tomorrow or the day after.

post 5 and 11 both have charts

and now? can u help us with a chart? thanks

Just looks like a little range...

what do you see now?

thanks

Interesting thanks

CEo in Lima ultimate last details to listing in Peruvian Bourse with big drilling results.

Might be finding support...

Strait Gold Earns 55% Stake in Alicia Copper-Gold Property, Reviews Exploration Activity and Provides Update
6/28/2011 10:25:30 AM - Market Wire

TORONTO, ONTARIO, Jun 28, 2011 (MARKETWIRE via COMTEX News Network) --
Strait Gold Corporation (TSX VENTURE: SRD) is pleased to report that it has exercised its option to earn a 55% interest in the Alicia copper-gold property in southern Peru and plans to exercise its option to earn a 100% interest as soon as it meets a further work commitment.

The Company has issued to the vendor an aggregate of 600,000 common shares and spent in excess of US$650,000 in order to exercise a first option and earn its 55% interest. To exercise the second option and bring its interest in Alicia to 100%, the Company must complete a total of $1.25 million of exploration work and issue a further 400,000 shares to the vendor. Upon earning a 100% interest, the vendor will retain a 2% NSR royalty, half of which can be purchased by the Company within six months of earning its 100% interest. The second option expires February 19, 2013.

The Company is involved in three exploration projects in Peru. For the past 12 months it has been most active at Alicia, which lies within the Andahuaylas-Yauri copper belt in the Department of Cusco, approximately 500 km southeast of Lima. This belt hosts a number of important copper and copper-gold deposits including Las Bambas (about 40 km west of Alicia) and Antapaccay (about 80 km southeast of Alicia) in which Xstrata is investing an aggregate of US$5.7 billion to develop. The belt also includes the Haquira copper project (about 40 km west of Alicia), which was recently acquired by First Quantum Minerals, and the Constancia copper project (about 60 km east of Alicia), which was recently acquired by HudBay Mining.

In early 2010, the Company reached agreement with the community of Cancahuani to secure t he right to conduct exploration at Alicia and subsequently initiated a two-phase exploration program on the property.

Surface mapping and sampling at Alicia confirmed significant values of copper, gold and silver. A ground magnetic survey and a ground induced-polarization survey were carried out, baseline environmental studies were conducted and a permit was obtained for a drill program that started in mid-October 2010.

A drilling campaign of approximately 1,000 metres was completed in late 2010 testing skarn mineralization along the northern contact of the main porphyry intrusive. All of the eight holes in the program intersected copper-gold-silver mineralization demonstrating continuous mineralization over a 600-metre strike length. On the basis of these results the Company expanded the program and drilled an additional approximately 1,000 metres in seven holes in January and February, 2011, primarily to test skarn zones on the western, southern and eastern porphyry contacts. Highlights of the drilling to date included:

-- 33 metres (21.2 metres true width) grading 1.27% copper, 0.13 grams per tonne (g/t) gold and 7.5 g/t silver in Hole ALC10-05 (which ended in mineralization at 88.7 metres core length); and, -- 129.5 metres (94.25 metres true width) grading 0.33% copper and 0.04 g/t gold and 1.8 g/t silver in Hole ALC10-08.

In addition to confirming skarn mineralization, results demonstrated the potential for porphyry-style copper mineralization that the Company is investigating further.

A Technical Report, compliant with NI 43-101 and filed in May, 2011, provides details of drilling results to date and makes several recommendations including a 5,000-metre drill program. The Company has initiated the permitting process for further drilling. The permit application includes additional baseline environmental, archaeological and social studies as well as a technical review of planned exploration activity and government-mandated public information meetings for the local communities.

The Company recently conducted magnetic and radiometric helicopter-borne geophysical surveys of the entire Alicia property to help select drill targets. Further geophysical surveys, soil sampling and stream-sediment sampling are planned.

Management is of the opinion that the Alicia property is among the most prospective within an area of Peru that hosts several copper and copper-gold projects currently under development. Results from the Company's initial 15-hole reconnaissance core-drilling campaign were encouraging and an aggressive exploration program for the balance of 2011 has been initiated to follow up on success achieved to date. The Company is sufficiently funded to conduct its planned geophysical surveys and an initial drill program at Alicia.

In addition to Alicia, the Company owns 100% of the Culebrilla and the adjoining Letra Rumi South properties in the Department of Ancash, approximately 250 km north of Lima, both subject to a NSR royalty. Carrying costs for both properties are limited to annual licence and associated fees. The Company plans further surface sampling at Culebrilla and has postponed a planned 1,500-metre drill program at Letra Rumi South while it focuses on Alicia.

Recent presidential elections in Peru and subsequent social unrest in the extreme south of the country have caused some uncertainty regarding mining laws and regulations. Management is of the opinion that Peru's framework for mineral exploration has been very successful for the country since reforms were introduced in the early 1990s and will not likely be altered materially by the new administration. Changes to taxation and royalties, if introduced, may affect producing mines but are unlikely to significantly affect Peru's competitive position as a destination for mining investment. In that regard, less than two weeks after the election, Glencore International Plc, the world's biggest publicly traded commodities trader, made an initial agreement to buy the Mina Justa copper project in southern Peru for $475 million.

The Company has filed its first condensed consolidated interim financial statements for the period ended March 31, 2011 in accordance with International Financial Reporting Standards ("IFRS") and in particular in accordance with International Accounting Standard 34, Interim Financial Reporting. It has determined that no material change to its reported financial results through conversion to IFRS was required. The effect of the transition to IFRS is fully disclosed in the notes to the condensed interim financial statements.

The Company would also like to inform its shareholders of the outcome of its Annual Meeting held on June 23, 2011. All items presented in the Management Information Circular were approved by shareholders at the meeting. The slate of directors presented by management was elected; Wasserman Ramsay, Chartered Accountants, were appointed the Auditors of the Company; the 10% rolling stock option plan was ratified; and adoption of the Shareholder Rights Plan established pursuant to t he Shareholder Rights Plan Agreement dated May 9, 2011 between the Company and Equity Financial Trust Company, as rights agent, for a three (3) years shareholders was ratified. The Shareholder Rights Plan Agreement can be found at the Company's profile on SEDAR at www.sedar.com.

All of the Company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101 and is a director of the Company. Dr. Moss has reviewed the technical content of this news release.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active solely in Peru and listed on the TSX Venture Exchange. To learn more about Strait Gold, please visit our website at www.straitgold.com.

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.

Contacts: Strait Gold Corporation Jim Borland President 416-223-9970 jborland@straitgold.com www.straitgold.com

.............................


Strait Gold Outlines Porphyry Copper Zone at Alicia, Completes Airborne Geophysics, Plans Drilling
8/18/2011 9:54:09 AM - Market Wire

TORONTO, ONTARIO, Aug 18, 2011 (MARKETWIRE via COMTEX News Network) --
Strait Gold Corporation (TSX VENTURE: SRD) is pleased to announce that recent mapping has outlined a copper mineralized zone intermittently over approximately 800 metres across the northern portion of the quartz porphyry intrusive at its Alicia property in Peru. The mineralized zone has several characteristics of porphyry copper systems, including an association with multiple porphyritic intrusive phases, clay and secondary biotite alteration and an association with strong quartz veining and stockwork zones.

The mineralized zone is coincident with a larger copper anomaly defined by values greater than 500 parts per million (ppm) based on assay results of rock chip samples of the porphyry, typically composites taken over 3x3-metre panels. (Selected results from the recent porphyry sampling program are given in the table below.) The copper anomaly defines two broadly parallel zones that trend northwest-southeast across the intrusion. The anomalous zones are believed to be structurally controlled and remain open to the southeast, and undercover to the northwest. Soil sampling is currently underway to delineate possible extensions of the mineralization under cover.

"The dimensions of the anomalous zone outlined to date and the associated mineralized zone indicate that the porphyry potential of Alicia is significant," said Strait Gold President Jim Borland. "We have multiple targets to test on the property, and this porphyry zone is a priority."

In addition to this mineralized zone, an initial reconnaissance drill program intersected skarn mineralization in eight holes over 600 metres along the northern contact of the porphyry intrusive with surrounding limestone previously reported in news releases dated January 10 and March 29, 2011. In particular, Hole ALC10-05 intersected 33.0 metres (21.2 metres trues width) grading 1.27% copper, 0.13 g/t gold and 7.5 g/t silver. This hole ended in mineralization with the bottom 5.1-metre intercept (3.3 metres true width) grading 2.17% copper, 0.21 g/t gold and 11.5 g/t silver.

Airborne radiometric, magnetic and ZTEM surveys have been recently completed over the entire 26-sq.-km property. Initial results show magnetic and potassium anomalies associated with the quartz porphyry intrusive near the centre of the property. In addition, there are several magnetic anomalies to the northwest, west and southwest of the main area of interest that remain unexplained. Interpretation of the results of the airborne surveys continues and ground followup of anomalies will be carried out once the interpretation is complete.

The Company has applied for a drill permit and will begin drilling upon receipt. Drilling will have two objectives: to follow up earlier drilling on the skarn zones and to further test porphyry style mineralization noted in the sampling program and previously encountered in Holes ALC-10-08, ALC11-17 and ALC11-18.

Highlights of Recent Sampling---------------------------------------------------------------------------- SampleSample Dimensions Cu Au Mo Ag ID. (m) (ppm) (g/t) (ppm) (g/t)----------------------------------------------------------------------------E990530 3 x 2 2790 0.02 3 1E990532 3 x 2 1640 less than 0.005 less than 1 0.8E990536 4 x 4 2010 less than 0.005 2 0.5E990537 3 x 2 2590 less than 0.005 1 0.2E990539 3 x 3 1205 0.007 1 1.1E990547 3 x 3 1065 0.007 3 0.4E990550 4 x 3 8200 0.145 1 4.4E990553 3 x 3 1725 less than 0.005 less than 1 0.2E990555 3 x 3 1235 less than 0.005 less than 1 less than 0.2E990558 3 x 3 1330 0.017 55 2.3E990560 3 x 3 1255 less than 0.005 2 0.4E990569 2.5 x 2.5 5130 0.137 5 2.1E990571 3 x 3 1345 0.05 25 1.5E990574 3 x 3 3400 0.089 2 1.2E990576 3 x 3 4120 0.057 1 1.6E990577 3 x 2.4 1785 0.039 1 0.8E990578 3 x 3 3110 0.073 9 1.7E990579 3 x 3 1740 0.015 2 0.3E990580 3 x 3 1950 0.02 less than 1 0.6E990585 3 x 3 1470 0.07 2 1.8E990589 3 x 3 1760 0.02 1 0.2E990591 3 x 3 7130 0.25 1 7.2E990598 3 x 3 1470 0.03 4 0.6----------------------------------------------------------------------------


Quality Control and Quality Assurance

All sampling is supervised by Strait Gold personnel. Samples are placed in plastic sample bags that are closed with single use plastic ties. Samples are securely stored in a locked room prior to transportation to Cusco by Strait Gold personnel. Samples are delivered to the ALS Chemex office in Cusco and forwarded by ALS Chemex to Arequipa for sample preparation. The resulting pulps are sent to its laboratory in Lima, for analysis. ALS Chemex is an ISO 9001:2000 registered laboratory. Samples are analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Silver, copper, molybdenum, lead and zinc, together with 30 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Strait Gold routinely carries out a program of quality assurance/quality control (QA/QC) that includes insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination.

All of the Company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101 and is a director of the Company. Dr. Moss has reviewed the technical content of this news release.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active solely in Peru and listed on the TSX Venture Exchange. The Company holds a 55% interest in the Alicia copper-gold project with an option to increase its interest to 100%. It also holds a 100% interest in the Culebrilla and Letra Rumi South projects. To learn more about Strait Gold, please visit our website at straitgold.com.

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.

Contacts: Strait Gold Corporation Jim Borland President 416-223-9970 jborland@straitgold.com www.straitgold.com

insiders continue buying SRD.V

Acquisition in the public market

http://canadianinsider.com/coReport/allTransactions.php?ticker=srd

options at 0.18
warrants at 0.25

PPS 0.05

Lawrence Roulston: Now is the time "And while most investors are huddling in fear, managers of the large mining companies
are taking a longer-term view of
the world and sizing up takeover candidates.
As the markets begin to settle
down, there will be a rash of takeovers,
which will propel the valuations of all the
companies that hold quality projects.
Now is the time to get a position."
http://www.resourceopportunities.com/

I am back...at .06 stock could run to 0.25 soon WARRANTS ;)

check this chart: KSM.V float gone and Moly news coming...will explode!! imo

http://stockcharts.com/h-sc/ui?s=KSM.V

http://www.kingsmanresources.com/s/IBPhotos.asp

Kingsman Resources Inc.: Drilling to Commence on Luxor Moly Property
10/8/2010 7:50:47 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Oct 8, 2010 (Marketwire via COMTEX News Network) --
Kingsman Resources Inc. (TSX VENTURE:KSM) is pleased to announce the start of a diamond drill program on their Luxor Molybdenum Project, located 27 kilometers northeast of Barriere, British Columbia. The diamond drill program should begin on or about October 15th. R.J. Beaupre Drilling Ltd. will carry out the drilling.

An initial program of approximately 1000 metres of NQ core is planned with possible expansion to 2000 metres. This drill program will test recently exposed molybdenum bearing altered granitic outcrops discovered during trail construction. Molybdenite was found to occur as fine disseminated grains within the intrusive rocks and importantly within quartz veins with pyrite. Coarse aggregates of molybdenite are seen both as selvages to and within quartz veins. Selected samples of quartz vein material returned up to 2.59% Mo. These exposures occur within a cohesive soil geochemical anomaly measuring approximately 1 kilometre long by 450 metres wide.

In November, 2007, Kingsman undertook a small diamond drill program on the Luxor property. Four short holes were completed. Significant results included 3 metres of 925ppm Mo (.0925% Mo), 6 metres of 420ppm (0.042% Mo) in LX07-0 1.3 metres of 676ppm Mo(0.0676% Mo) and 6 metres of 301ppm Mo (0.0301% Mo) in LX07-02. These holes were drilled approximately 600 meters north of the current planned program.

Recently Kingsman commissioned professional prospectors to investigate the area in and around the newly discovered mineralized road outcrops. Molybdenite-bearing outcrops were discovered over an area of approximately 1.3 kilometres by 0.9 kilometres. 25 rocks samples were collected. Molybdenite was found to occur in quartz veinlets, quartz stockworks, fractures, rosettes and disseminations within altered granitic hosts.

----------------------------------------------------------------------- Mo Mo Mo MoTag # ppm % Tag # ppm %-------------------------------- ---------------------------------------------------------------------- --------------------------------------WP5 212.00 WBM10 346.60WP7 LUXOR 1011.00 0.101 WBM11 822.20 0.081WP13 LUXOR 610.20 0.059 WBM16 1833.00 0.185WP36 LUXOR 9.34 WBM17 1036.00 0.103WP37 43.54 WBM18 464.10WP38 LUXOR 8.92 WBMK1 greater than 0.210 2000WP45 113.40 LXSK1 A 1463.00 0.148WBM1 117.60 LXSK1 B greater than 0.221 2000WBM2 greater 0.258 LXSK2 927.00 0.091 than 2000WBM3 1259.00 0.128 LXSK3 A greater than 0.278 2000WBM5 618.10 0.063 LXKS3 B 1053.00 0.109WBM6 307.50 LXSK4 827.00 0.083WBM8 200.10-----------------------------------------------------------------------


Significant values including 0.278% Mo and 0.258% Mo were obtained from selected samples. Prospecting results confirm and enhance the molybdenite occurrences discovered during trail construction. Exploration evidence at Luxor now points to a mineralizing system that is 2.2km east-west by 1.5km north-south. This is supported by rock geochemistry, biogeochemistry, stream sediment geochemistry, and drilling.

Bernhardt Augsten, P.Geo., a qualified person, has reviewed the technical information in this news release and will be managing the proposed work program.

About Kingsman Resources Inc.

Kingsman Resources Inc. is an exploration and development company with a focus on gold, silver, molybdenum, tellurium and copper. Kingsman Resources trades on the TSX Venture Exchange under the symbol "KSM". For further information on Kingsman Resources Inc, visit the corporate website at http://www.kingsmanresources.com.

Heck of a chart! With this O/S I need to keep a close eye on her!

I am IN at 0.10 and goin to hold until 0.50

in with 50,000

SRD . v Andahuaylas - Yauri Belt ---- COPPER Treasury


SRD . v Low Low Low Float only 27 million Shares - MK 3 million .


http://www.geo.tu-freiberg.de/oberseminar/os07_08/Stefanie_Weise.pdf


http://econgeol.geoscienceworld.org/cgi/content/abstract/98/8/1575


http://cnrp.marketwire.com/client/ecosbolsa/release.jsp?actionFor=1337507


http://antabamba.webs.com/montesilvanoenglish.htm


http://www.yourminingnews.com/news_item.php?newsID=51518



http://www.antaresminerals.com/Projects/HaquiraPeru/Geology/RegionalGeology/tabid/104/Default.aspx

TORONTO, ONTARIO, Oct 19, 2010 (MARKETWIRE via COMTEX News Network) --

Strait Gold Corporation (TSX VENTURE: SRD) is pleased to report that a program of diamond drilling has commenced at its Alicia copper-gold project in southern Peru.

The Company plans to complete 1,000-1,200 metres of drilling as the second phase of an exploration program that began in June, 2010. Results from Phase 1 indicate geophysical anomalies associated with surface skarn zones that returned values up to 13% copper and up to 3.55 grams per tonne (g/t) gold. Drilling will test several of these skarn zones and associated geophysical anomalies.

Phase 1 exploration at Alicia consisted of a program of community engagement, detailed mapping of the outcropping skarn zones, a grid sampling program and geophysical surveys. Approval to conduct drilling in Phase 2 of the exploration program required reaching a surface-rights agreement, preparing baseline archaelogical and environmental studies, and obtaining water-use approval, all of which have been achieved.

Sampling of the more than nine skarn zones largely indicated elevated copper, gold and silver values with a range of 0.03-13.05% Cu, 0.005 to 3.55 g/t gold and 0.3-100.0 g/t silver.

The Alicia Project is located within the emerging Andahuaylas-Yauri belt of mineralization that stretches across much of southern Peru. This belt hosts numerous porphyry and skarn deposits, including Xstrata's Las Bambas deposit with indicated and inferred resources of 1.1 billion tonnes grading 0.77% copper and Antares Minerals' Haquira deposit with a measured and indicated resource of approximately 561 million tonnes grading 0.49% copper and 0.33 g/t gold, both located within approximately 40 km of Alicia.

Quality Control and Quality Assurance

Samples consist of rock chips collected from outcrop either in a channel typically two to three metres in length or in a panel covering four to six square metres. Samples were transported to ALS Chemex preparation facilities in Arequipa by Strait Gold personnel. Following sample preparation, samples were couriered to ALS Chemex facilities in Lima, Peru, for analysis. ALS Chemex is an ISO 9001:2000 registered laboratory. Samples were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Silver, copper, lead and zinc, together with 30 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Over-limit silver (greater than 100 ppm), and copper (greater than 10,000 ppm) samples were re-assayed by AAS. Strait Gold routinely carries out a program of quality assurance/quality control (QA/QC) that includes insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination.

All of the company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101, and is a Director of the Company. Dr. Moss has reviewed the technical content of this news release.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active solely in Peru and listed on the TSX Venture Exchange. It has an option to earn a 100% interest in the Alicia copper-gold property in Cusco Department approximately 500 km southeast of Lima, the capital of Peru, and holds a 100% interest in both the Letra Rumi South copper-silver property and the Culebrilla gold-silver property, both in Ancash Department approximately 250 km north of Lima. To learn more about Strait Gold, please visit our website at www.straitgold.com.

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.

Contacts: Strait Gold Corporation Jim Borland President 416-223-9970 info@straitgold.com

SOURCE: Strait Gold Corporation

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