Sulliden Announces Further Positive Drilling Results-Intersects 1.42 g/t Gold over 86 Metres and 1.75 g/t Gold over 58.5 Metres

Sulliden Gold Corporation Ltd. (“Sulliden”, or the “Company”) (TSX:SUE)(OTCQX:SDDDF) is pleased to announce continued positive exploration results for six new drill holes from the ongoing 70,000 metre drilling program being carried out this year on its 100%-owned Shahuindo Gold and Silver Project in northern Peru. Significant new gold and silver intercepts are highlighted below, and complete results are reported in Table 1.

Highlights include:

  • Hole SH11-203 in the Central Zone
  • 1.98 g/t Gold over 36.1 meters, including 4.17 g/t Gold over 3.0 metres
  • Hole SH11-201 in the East Zone
  • 1.42 g/t Gold over 86.0 meters, including 3.38 g/t Gold over 15.4 metres
  • Hole SH11-202 in the East Zone
  • 1.75 g/t Gold over 58.5 metres including 2.72 g/t Gold over 21.0 metres
  • Hole SH11-201 in the East Zone
  • 68.4 g/t Silver over 27.0 meters, including 233.1 g/t Silver over 7.1 metres

Stephane Amireault, Vice-President of Exploration for Sulliden, commented, “We continue to see excellent exploration results at Shahuindo with some notably higher grade intersections in the East and Central Zones. We are particularly encouraged with holes SH11-201 and SH11-202, highlighted in Figure 2, which have delineated new mineral extensions to the East. Both of these holes ended in mineralization at a vertical depth of 202 metres and 254 metres respectively. Hole SH11-198 in the Sub Corridor ‘A’ also returned positive results and is successfully helping us define this parallel mineral corridor.”

On June 16, 2011, Sulliden issued an updated mineral resource estimate that more than doubled the Indicated gold ounces in the oxides and almost quadrupled the Inferred gold ounces relative to the 2009 year-end estimate. The Company continues to progress its 70,000 metre drilling program planned for the Shahuindo Project in 2011, with 174 holes representing approximately 31,900 metres drilled to date. Management expects to continue increasing the estimated size and contained mineral ounces on the property with upcoming drill targets.

Summary of Results

The collar locations of the 6 new holes are indicated in Figure 1 below:

To view “Figure 1 – Plan View of Mineral Deposit with New Drill Hole Locations,” please visit the following link: http://media3.marketwire.com/docs/SUE06221.jpg.

The vertical section in Figure 2 below highlights two new drill holes in section 1050E in the East Zone, where the Company has graphically demonstrated the interpretation of newly identified mineralization (purple) in relation to the existing grade shells defined by Mine Developments Associates in the updated mineral resource estimate announced on June 16, 2011 (in red).

To view “Figure 2 – East Zone, Section 1050E,” please vite the following link:http://media3.marketwire.com/docs/SUE06222.jpg.

*The interpretations of added mineralization highlighted in the section above are geological interpretations that are preliminary in nature and should not be relied on.

Read the full news release here.

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