Sandstorm Gold Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kidl	6/6/2011 8:43:19 AM
	Read Replies (2) of 1133

Sandstorm Gold Announces 48 Metres of 3.29 g/t at Luna Gold's Aurizona Mine ccnm VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2011) - Sandstorm Gold Ltd. (TSX VENTURE:SSL) ("Sandstorm") is pleased to announce that drilling from the Aurizona Mine, owned and operated by Luna Gold Corp. (TSX VENTURE:LGC) ("Luna") has reported positive assay results from six new holes. Significant mineralized intercepts are: 48.00 metres @ 3.29 grams/tonne Au including 12.00 metres @ 7.93 grams/tonne Au and 1.00 metre @ 9.84 grams/tonne Au in BRAZD299 11.00 metres @ 15.48 grams/tonne Au including 0.50 metres @ 20.60 grams/tonne Au and 0.50 metres @ 282.00 grams/tonne Au in BRAZD294 56.00 metres @ 1.92 grams/tonne Au including 15.00 metres @ 3.22 grams/tonne Au and 3.00 metres @ 6.81 grams/tonne Au in BRAZD296 "The continuation of positive drill results from Aurizona is another step in Luna expanding their reserves and resources adjacent to the current Piaba pit," said Sandstorm President & CEO Nolan Watson. "Luna has completed less than half of its planned drilling and we are very excited with the results thus far." Of the current 20,000 meter drill program, which commenced in August 2010, assays from 31 holes totaling 8,432 meters have been received by Luna and samples from 18 additional holes are currently at the assay lab. Drilling is currently focused on infilling over the 3 kilometer strike length of the Piaba deposit to increase measured and indicated resources. In accordance with Sandstorm's gold purchase agreement with Luna, Sandstorm is entitled to purchase 17% of the life of mine gold produced from the Aurizona Mine at a per ounce price equal to the lesser of US$400 and the then prevailing market price. For more information visit the Luna website at www.lunagold.com.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next