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Message: The Old Mine

Remember the old mine. I am wondering why we are not seeing this material going through the mill. The Hinge bulk sample was probably the biggest reason that I invested so heavily in the Rice Lake Story and all we are getting is developement muck

Highlights and Observations of the Hinge Zone Bulk Sampling Program include:

5,938 ounces recovered from 11,762 tons mined and processed.

Stoping grades of 21.7 g/tonne (0.63 oz/ton) and development grades of 16.9 g/tonne (0.49 oz/ton).

Main Hinge lens #1 grades 26.3 g/tonne (0.77 oz/ton) in stoping and 21.2 g/tonne (0.62 oz/ton) in development.

Bulk sample operating costs averaged Cdn $59 per ton for mining and Cdn $19 per ton for milling, for a total direct

operating cost of Cdn $78 per ton, excluding capital expenditures and exploration drilling.

Total direct bulk sample operating cost per ounce of gold produced is Cdn $184 per ounce or approximately US

$158 as at June 30, 2009.

http://www.sangold.ca/i/pdf/2009July14-NR.pdf

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