Business
San Gold Announces High Grade Drill Results at Depth
San Gold Announces High Grade Drill Results at Depth.
About this update from San Gold Corporation
[{"type":"text","content":"\n \n \n San Gold Announces High Grade Drill Results at Depth\n \n \nSan Gold Announces High Grade Drill Results at Depth\n \n WINNIPEG, MANITOBA--(Marketwired - Nov 4, 2013) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today provided updated drilling results from its underground drilling program on 26 Level of the Rice Lake Mine. \n Initial results, obtained from the newly established 6140 drill station located approximately 1,170 metres below surface at the eastern extent of the 710 zone, demonstrate robust grades and widths that are accessible from new 26 level development. These zones are located immediately to the hanging wall of the 710 zone and appear to be part of the 007 system at depth. Highlights of this drilling include drill hole 614-13-010 which returned 45.3 g/tonne over 6.1 metres and drill hole 614-13-009 which returned 14.7 g/tonne over 4.1 metres.\n The 6140 drill station was established earlier this year in closer proximity to the 710 HW region to follow up on drill hole 613-13-039 which returned 22.5 g/tonne over 4.2 metres and 15.7 g/tonne over 4.1 metres (reported April 24, 2013) and drill hole 607-12-048 which returned 15.1 g/tonne over 11.1 metres (reported November 26, 2012). The Company is planning additional drilling this year to follow up on these results.\n \"The high-grade region identified in the 710 vein hanging wall represents another important zone discovered as a result of ongoing exploration of the Shoreline Basalt Unit at depth. These results have been obtained within 100 metres of existing infrastructure and can be developed rapidly and with minimal capital expenditure,\" said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.\n Highlights of the preliminary drilling from the 6140 drill station are as follows:\n \n \n \n Hole Number\n \n Zone\n From\n (m)\n To\n (m)\n Core\n (m)\n Grade†\n (gpt)\n Depth\n (m)\n \n \n 614-13-009\n \n 710 HW\n 72.2\n 73.6\n 1.5\n 9.5\n 1173\n \n \n \n \n 710 HW\n 98.6\n 102.7\n 4.1\n 14.7\n 1173\n \n \n 614-13-010\n \n 710 HW\n 19.2\n 21.3\n 2.1\n 12.8\n 1172\n \n \n \n \n Including\n 19.5\n 20.1\n 0.6\n 37.0\n \n \n \n \n \n 710 HW\n 51.1\n 57.3\n 6.1\n 45.3\n 1172\n \n \n \n \n Including\n 52.1\n 53.6\n 1.5\n 99.1\n \n \n \n \n \n \n \n † Assay values are capped at 102.8 g/tonne (3 oz per ton). \n \n \n \n The 710 HW zone is lo...