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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Brent Cook, comments dated Aug7/09

Brent Cook, comments dated Aug7/09

posted on Aug 24, 2009 12:02AM

San Gold Corporation (TSX.V:SGR) in Manitoba—that's another one that's been in the Exploration Insights portfolio for some time. San Gold has a small mining operation, maybe 80,000 ounces a year. It'll be increasing, but what's important there is that they've been discovering new high-grade veins along trend. It's based on a geologic concept that's working. A number of larger mining companies should be looking at that deposit for the exploration upside and safe jurisdiction.

TGR: So San Gold's mining is near these new veins?

BC: Yeah, San Gold's interesting. It's an old, old mine; been going for quite a while, and they just recently stepped off a new geologic concept and drilled some holes and found a whole new setting for this mineralization. It's averaging about an undiluted 25 grams gold across about three meters and they just ramped right into it. So it's in production right now—and that's over a period of only a year. The thing's permitted, ready to go, they're into in and mining. And they're beginning to find parallel structures with potential. So we're looking at a company that could rapidly not only find and define a resource, but they can put it straight into production.

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