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Message: San Gold Commences High Grade Hinge Zone Development
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(TSX-V: SGR), is pleased to report that decline development has accessed
the Hinge Zone and has commenced drifting in the zones at 350 feet (107 m)
below surface in preparation for bulk sampling. Over 230 feet (70 m) has
been developed so far in the mineralized zone with face samples averaging
1.03 oz/ton (35.2 g/tonne) over an average true width of 10.3 feet (3.2 m).
Individual face grades have assayed up to 2.52 oz/ton (86.3 g/tonne) over a
true width of 12.0 feet (3.7 m) with visible gold being routinely observed
throughout. Level development continues in both the east and west
directions as well as in numerous vein offshoots while incline and decline
development is ongoing in order to access the zones at levels above and
below the 350 foot level.
23 development faces as well as slashes and walls were chip sampled
resulting in a total of 163 samples assayed for gold with individual values
ranging from 0.01 oz/ton (0.34 g/tonne) to 10.14 oz/ton (347.3 g/tonne).
All assays are uncut, with capping if required to be determined as a part
of the bulk sampling process.
The Hinge zones at the 350 foot level consist of an east and a west zone
that are separated by approximately 100 feet. The strike length of each
has not yet been determined, as well, numerous vein offshoots have been
encountered during development. Mineralization consisting of pyrite and
free gold are hosted by quartz-carbonate-tourmaline veins within mafic to
intermediate tuffs and flows. Sericite and chlorite alteration halos
surround the veining within a tight range. The veining exhibits dips to
the north west in a range of 50 to 80 degrees and observed ground
conditions are excellent to date with no natural water inflow. Over 3,000
tons of Hinge material has been stockpiled to date with mill testing to
begin later this month as a batch process completely separate from Rice
Lake Mine ore.
Please consult the plan map of the 350 foot level showing geology and assay
data along with assay data tables for each face at the company's website
www.sangoldcorp.com.
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