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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (61981)	11/10/2008 9:28:35 AM
From: Veteran98	Respond to of 78410

San Gold drills 2.8 m of 75.7 g/t Au at Hinge 2008-11-10 05:04 PT - News Release Mr. Dale Ginn reports SUMMARY OF HINGE ZONE RESULTS INCLUDING NEW HIGH GRADE GOLD INTERSECTIONS San Gold Corp.'s Hinge zone surface exploration drilling continues to encounter extremely high gold grades. Hole No. GS-08-78, which contained abundant visible gold, encountered 75.7 grams per tonne (2.21 ounces per ton) gold over 2.8 metres (9.2 feet) at a vertical depth of 135 metres. Deeper drilling also continues to extend and expand the Hinge zones to depths below 400 metres as demonstrated by drill hole No. GS-08-69 and No. GS-08-64. RESULTS FROM THE NEW HOLES Hole No. From To Length Gold g/t (oz/t) (m) (m) (m) (ft) GS-08-78 147.2 150.0 2.8 9.2 75.7 (2.21) visible gold GS-08-69 418.4 421.5 3.1 10.2 10.3 (0.30) GS-08-64 258.0 259.0 1.0 3.3 23.3 (0.68) visible gold and 413.8 418.1 4.3 14.1 6.2 (0.18) The Wingold veins are located approximately 300 metres to the north and east of the Hinge No. 4 deposit and were partially developed by two levels with shaft access in the early 1930s. A limited drill program from surface was conducted by San Gold Resources in 2004 prior to the development of the current Hinge geological model. The company has also retained Scott Wilson Roscoe Postle Associates Inc. to audit San Gold's current mineral resource estimate on the high-grade Hinge zone located approximately one kilometre from the Rice Lake mill. The Scott Wilson RPA mandate is to perform the audit and to prepare a summary technical report to support the disclosure of an initial mineral resource estimate on the Hinge zone deposit. The Hinge zone resource audit will be carried out under the overall supervision of Dr. William E. Roscoe, PhD, PEng, president of Scott Wilson RPA, and consulting geologist. The Scott Wilson Mining Group, including Scott Wilson RPA, is based in Toronto with offices in Canada, the United Kingdom, China and Zambia. The mining group consults to major mining companies, junior mining and exploration companies, financial institutions, governments, law firms, and individual investors on all aspects of mining development and operation. The Hinge No. 4 zone has now been drill tested between Section 0 east and 700 east feet (215 metres), and to depths of over 1,200 feet (400 metres) demonstrating excellent continuity in both structure and grade. This zone remains open along strike to the northeast and to the southwest as well as at depth. Current work includes an attempt to correlate this mineralization with similarly textured and similar high-grade grade intersections drilled from the Rice Lake mine workings over 5,200 feet (1,600 metres) down dip from the Hinge No. 4 zone. Many of the holes listed in the table contain visible gold within quartz veins that are in clear, sharp contact with the host volcanic rocks, as well, core recoveries were nearly 100 per cent. Please see the San Gold website for a longitudinal section showing the location of the intersections in the Hinge No. 4 zone together with prior Hinge zone press releases and a plan view location map. Additionally, three-dimensional and cross-sectional drill hole data of the Hinge zone mineralization are now available on-line. 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. The drill core was 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. San Gold's quality control and assurance program includes the insertion of blanks and 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.