Sprott Resource Corp. Announces Stonegate Agricom Drill Results

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[{"type":"text","content":"\n\n\n\nTORONTO, July 30 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC")\nannounced today the results of a trenching and drilling program (the\n"Program") completed by Stonegate Agricom Ltd. ("Stonegate") on Stonegate's\nMantaro Phosphate Property in Peru (the "Property"). SRC owns 77.25% of the\noutstanding shares of Stonegate.\n\n\nThe Program included 6 trenches and 22 drill holes (from 7 platforms) on\nthe Philip concession on the Property over a length of approximately 3.2\nkilometres. The overall strike length of the mineralized zone on the Property\nis approximately 27 km. Mineralization on the Property is present as three\ndistinct parallel zones exhibiting similar widths to that seen on the Philip\nconcession.\n\n\nGrades recorded from the 6 trenches were similar to the existing inferred\nmineral resource noted in the NI 43-101 technical report filed on August 29,\n2008 (the "Technical Report"). The Technical Report identified an inferred\nmineral resource of 45.17 million tonnes grading 15.4% P(2)O(5). A copy of the\nTechnical Report, which includes a description of the Property and the Philip\nconcession, can be found on SEDAR (www.sedar.com) or on SRC's website\n(www.sprottresource.com).\n\n\nThe results obtained from the 6 trenches completed in the Program are\nsummarized in Table 1 below:\n\n\n Table 1: Trenching Results\n\n ------------------\n Interval Grade\n ------------------\n (metres) P(2)O(5)\n ------------------------------\n Trench A-A' 22.00 16.66%\n ------------------------------\n Trench B-B' 19.00 15.14%\n ------------------------------\n Trench 3 25.00 16.87%\n ------------------------------\n Trench 9 31.00 16.34%\n ------------------------------\n Trench 10 20.00 13.31%\n ------------------------------\n Trench 14 14.00 13.20%\n ------------------------------\n\n\nThe drilling program successfully identified additional mineralization at\ndepth. As expected, the trench samples exhibit some enrichment in phosphate\nrelative to drill core samples as a result of oxidation. Table 2 below\nsummarizes the Program's drilling results.\n\n\n Table 2: Diamond Drilling Results\n-------------------------------------------------------------------------\n Hole Number Inclination Interval From To Grade\n-----------------------------------------------------------...

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