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

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Message: April 16

April 16

posted on Mar 28, 2010 06:45PM

Anyone care to speculate?

The Company has increased its ore resources and reserves from measured plus indicated (M plus I) resources of 326,280 and inferred resources of 225,000 ounces of gold in 2004, when its predecessor companies acquired Harmony Gold (Canada) Inc., to M plus I resources of 402,880 and inferred resources of 1,197,670 ounces of gold as further described in the National Instrument 43-101 compliant technical report dated December 1, 2006 entitled “ Mineral Resource and Mineral Reserve Estimates as of December 1, 2006” prepared by A.C.A. Howe International Limited, Mining and Geological Consultants. In the subsequent period on March 1, 2010, the Company released its updated 43-101 compliant resource tables with the complete document to be made available before April 16th, 2010. The disclosure updates measured and indicated resources for the Hinge mine to 239,180 contained ounces and Inferred to 538,700 contained ounces. Results from the 007 zone are also summarized with 193,695 indicated ounces and 522,857 inferred ounces. Taken together the two zones increase measured plus indicated by 432,875 and inferred by 1,061,557. A tabular summary of the Company’s published Resoruce and Reserve information is presented on the following page. Note that project wide San Gold has total measured plus indicated of 835,755 ounces and total inferred resources of 2,259,227 ounces.

I read this as the previous 43101 completed in 2006 will be updated in its entirety to include all the drilling over the last 41 months and the Hinge mine was released just as an appetizer.

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