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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
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NR

posted on Nov 06, 09 12:46PM

I just finished reading the last NR and how can you not be excited about what is going on. Forget the drill cores and the 43-101, if you truly are an investor in the Rice Lake Play you must pay attention to the details. IMHO We are about to become a very high production, low cost producer. As Hotmuck has said at nausium, "mine developement takes time". This is from the release. How many of you got this far ????

San Gold staff have designed exploration and development drifts from the existing Hinge decline in order to access the Cohiba zone as well as to access the L-13 zones, and additionally to join the Hinge decline with the upper levels of the Rice Lake mine. This new underground development will allow independent access to the upper levels of the Rice Lake mine, which contain numerous targets that were identified by previous operators. Synergies with regards to exploration, ventilation, emergency escape ways, and ore haulage are also being considered between Rice Lake and surrounding zones as a result of the L-13 discovery. The currently known Hinge, Cohiba and L-13 zones are all located to the north-east of San Gold’s operating Rice Lake and mine and mill, and are fully accessible by San Gold’s private road, and all lie within San Gold’s fully permitted mine lease.

Looks like management is busy doing their job. Seems like it will be decision time again Which stopes do we develope first. I think I will leave the decisions up to them as I know nothing about actual mining.

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