San Gold SGR drills two m of 60.3 g/t Au at Hinge
2009-07-30 08:58 ET - News Release
Mr. Dale Ginn reports
HINGE DRILLING UPDATE MULTIPLE HIGH GRADE ZONES EXTENDING TO DEPTH
San Gold Corp.'s definition and exploration drilling continues to confirm and extend the high-grade Hinge deposits, including the newly discovered No. 5 and No. 6 lenses. Underground drilling within the Hinge mine above and below the three recently developed levels on the No. 1 and No. 2 lenses is confirming the high-grade nature and consistency of these zones as demonstrated by hole No. H96-09-35, which encountered 60 grams per tonne (1.8 ounces per ton) over two metres (6.6 feet). The new zones located to the footwall of the main No. 1 and No. 2 lenses were also targeted by both surface and underground drilling with numerous intersections reported in the No. 5 and No. 6 lenses. High-grade intersections continue to be encountered in the No. 6 lens located near the east end of the No. 1 lens as highlighted by hole No. H96-09-63 which cut 40 grams per tonne (1.2 ounces per ton) over 1.7 metres (5.6 feet) in vein material with similar characteristics to the main Hinge lenses. The No. 5 lens has now been encountered in drill holes between surface and depths below 400 metres (1,300 feet) and exhibits characteristics similar to the 38 or breccia style of mineralization found in the Rice Lake gold mine located 1.5 kilometres to the west. Surface drill hole No. GS-09-022 encountered a broad 7.6-metre (25-foot) breccia-style vein grading 8.6 grams per tonne (0.25 ounce per ton) at over 400 metres (1,300 feet) depth near the known western extents of the No. 2 and No. 3 Hinge lenses.
19 INTERSECTIONS REPORTED WITHIN 16 DRILL HOLES SORTED BY ZONE
From To Length Length Gold Gold
Hole No. (m) (m) (m) (ft) (g/t) (oz/t) Zone/lens
H96-09-03 119.9 121.2 1.3 4.3 28.9 0.84 1
H96-09-05 83.7 85.2 1.5 4.9 27.7 0.81 1
H96-09-07 81.1 84.4 3.3 10.8 31.2 0.91 1
H96-09-13 93.9 94.5 0.6 2.0 111.0 3.24 1
H96-09-30 90.6 92.1 1.5 4.9 33.9 0.99 1
H96-09-31 94.2 95.6 1.4 4.7 26.0 0.76 1
H96-09-35 112.1 114.1 2.0 6.6 60.3 1.76 1
H96-09-36 83.5 84.7 1.2 4.0 33.6 0.98 1
H96-09-37 85.5 87.7 2.2 7.2 41.1 1.20 1
H96-09-63 102.0 103.3 1.3 4.3 58.2 1.70 1
H96-09-17 158.1 159.6 1.5 4.9 15.1 0.44 2
H96-09-24 107.0 108.6 1.6 5.3 11.3 0.33 2
H96-09-21 139.9 142.2 2.3 7.6 6.9 0.20 5
GS-09-022 489.7 497.3 7.6 25.0 8.6 0.25 5
including 489.7 491.7 2.0 6.6 12.7 0.37 5
including 493.2 497.3 4.1 13.5 9.9 0.29 5
H96-09-07 91.3 92.4 1.1 3.7 15.8 0.46 6
H96-09-13 130.9 131.9 1.0 3.3 14.7 0.43 6
H96-09-63 120.1 121.8 1.7 5.6 40.4 1.18 6
The Hinge zones have now been drill tested between sections 0 east and 800 east (feet) (250 metres) and to depths of over 1,300 feet (400 metres) demonstrating excellent continuity in both structure and grade in up to six distinct lenses or mineralized zones. Underground development and stoping are currently progressing on three levels within the Hinge mine following the recently completed and successful bulk sampling program (see the company's press release in Stockwatch dated July 14, 2009). Two underground drill rigs continue to define and extend to depth the known Hinge zones, while surface drills are expanding the new Cohiba zone located 500 metres to the east (see the company's press release in Stockwatch dated June 11, 2009), as well as probing targets located to the north and to the west of the Hinge deposit. The currently known Hinge deposits are located approximately 1.5 kilometres to the northeast of San Gold's operating Rice Lake mine and mill, and are fully accessible by San Gold's private road, and all lie within San Gold's fully permitted mine lease.
This program was carried out under the supervision of W.S. Ferreira, PGeo, and D. Ginn, PGeo, the qualified persons for this project under National Instrument 43-101. Exploration drill core is split, with half sent to TSL Laboratories in Saskatoon, and fire assayed with an AA and gravimetric finish. Whole metallic assays were performed on samples containing visible gold. Definition 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 using independent labs including TSL Laboratories in Saskatoon and Accurassay Laboratories of Thunder Bay. The core lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones.
|
