San Gold Extends High Grade "93" Vein at Rice Lake
Thursday July 12, 2:23 pm ET
BISSETT, MB--(MARKET WIRE)--Jul 12, 2007 --
San Gold Corporation -
Dale Ginn, President and CEO of San Gold Corporation
(CDNX:SGR.V - News), is pleased to report that the new mining development above the 28th level (4200 feet) of
the Rice Lake Gold Mine -
has confirmed consistent and extremely high grade values
within the "93" Vein.
Face sampling so far has averaged 2.23 oz/ton (76.40 g/tonne)
over an average true width of 2.4 feet (0.74 m)
and a strike length of 200 feet (61.0 m).
This sublevel development is located 25 feet above
the initial level development of the "93" vein on the 28th level
and represents the southern half of this vein's strike length
as shown on San Gold's website.
The sublevel development was designed both to confirm
the high grades that were developed on the 28th level
(see press releases dated March 22, 2007 and January 18, 2007)
and as the predevelopment necessary for
the shrinkage mining method.
Coarse, visible gold was routinely encountered throughout
this development.
This vein remains completely open and untested above
the 28th level and is not part of the current mineral
resource/reserve (ACA Howe, 2007).
Sublevel development continues to the north on this vein
and development also is continuing on the high grade "98"
and "101" veins on the 29th and 30th levels of
the Rice Lake Mine -
(See pres release dated March 22, 2007).
Updates on these veins will be made available when mining
development has established their strike lengths.
16 development faces were sampled and 52 chip samples
were assayed for gold with individual values ranging
from a high of 13.46 oz/ton (461 g/tonne) to a low
of 0.19 oz/ton (6.5 g/tonne).
The above programs were carried out under the supervision
of D. Ginn, P.Geo., the Qualified Person for San Gold
under National Instrument 43-101.
Chip, muck and mill 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 blanks and standards, the retention of
pulps and rejects, and spot checks utilizing independent
labs including TSL Laboratories in Saskatoon, SK and
Accurassay Laboratories of Thunder Bay, ON.
For further information contact Dale Ginn,
President of San Gold Corporation, at
(204) 794-5818
or visit the company's website at
sangoldcorp.com.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy
of this release.
San Gold Corporation
Bissett, Manitoba, Canada R0E 0J0
Tel.: +1.204.794.5818
info@sangoldcorp.com
Contact:
Contact
Dale Ginn
President
San Gold Corporation
(204) 794-5818
sangoldcorp.com
Source: San Gold Corporation
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