WINNIPEG, MANITOBA--(Marketwired - Nov. 20, 2013) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today provided updated drilling results from its underground program on 26 Level of the Rice Lake mine.
Drilling results at the eastern extent of the 710 zone continue to return high grade gold values over significant widths. This newly discovered 710 HW zone is located in the hanging wall of the 710 zone and is interpreted to be the down dip extension of the 007 zone. The 710 HW zone is within 100 metres of the new 26 level development and is therefore easily accessible. Recent highlights include drill hole 614-13-023 which returned 23.8 g/t Au over 13.9 metres and drill hole 614-13-024 which returned 8.8 g/t Au over 26.9 metres.
"We are extremely pleased with the success of the 710 HW drilling program which continues to expand this zone of gold mineralization. This zone represents an excellent opportunity to provide high grade incremental mill feed and to increase overall grade going forward. Capital expenditure to develop this region is expected to be minimal as mining has already commenced," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
Initial interpretation of the 710 HW zone indicates true thickness to be between 30% and 70% of core length. This will be confirmed as mining operations proceed in this region. The following table provides recent highlights of this drilling.
| Hole Number |
Zone |
From
(m) |
To
(m) |
Core Length
(m) |
Grade*
(g/t Au) |
Depth
(m) |
| 614-13-023 |
710 HW |
54.1 |
68.0 |
13.9 |
23.8 |
1156 |
| |
Including |
57.7 |
63.2 |
5.5 |
53.3 |
|
| 614-13-024 |
710 HW |
71.2 |
98.1 |
26.9 |
8.8 |
1159 |
| |
Incl. |
71.2 |
77.5 |
6.3 |
13.9 |
|
| |
Incl. |
82.8 |
89.6 |
6.9 |
14.7 |
|
| |
Incl. |
95.8 |
98.1 |
2.3 |
22.9 |
|
| 614-13-025 |
710 HW |
69.6 |
77.3 |
7.7 |
5.5 |
1184 |
| |
Incl. |
69.6 |
71.7 |
2.1 |
13.5 |
|
| 614-13-026 |
710 HW |
32.7 |
44.2 |
11.5 |
8.7 |
1182 |
| |
Incl. |
35.2 |
39.9 |
4.7 |
18.6 |
|
| 614-13-009**
|
710 HW |
72.2 |
73.6 |
1.5 |
9.5 |
1173 |
| |
710 HW |
98.6 |
102.7 |
4.1 |
14.7 |
1173 |
| 614-13-010**
|
710 HW |
19.2 |
21.3 |
2.1 |
12.8 |
1172 |
| |
Incl. |
19.5 |
20.1 |
0.6 |
37.0 |
|
| |
710 HW |
51.1 |
57.3 |
6.1 |
31.8 |
1172 |
| |
Incl. |
52.1 |
53.6 |
1.5 |
61.4 |
|
* Assay values are capped at 102.8 g/t Au (3 oz per ton Au). ** Updated from November 4, 2013.
The 710 HW zone is located at the eastern extent of known mineralization at 26 Level of the Rice Lake mine and remains open to the east and northeast. It was identified as part of the Company's ongoing structural analysis to refine the its exploration model.
Figure 1 at the end of this release provides a graphic illustration showing an updated plan view of the 710 HW drilling.
Figure 2 at the end of this release provides a graphic illustration showing an updated section view of the 710 HW drilling.
These figures can also be found on the Company web site (www.sangold.ca) and on SEDAR (www.sedar.com).
This program was carried out by San Gold mine geologists under the supervision of Michael Michaud, P.Geo., the Qualified Person for San Gold under National Instrument 43-101 who has reviewed and approved this news release. Underground drill core samples are assayed on site in the Company's assay lab using the fire assay method with an AA and gravimetric finish. San Gold's quality control and assurance program includes the insertion of standards, the retention of pulps and rejects, and spot checks utilizing independent labs including Accurassay Laboratories of Thunder Bay, ON and Acme Analytical Laboratories Ltd in Winnipeg, MB.
