High Grade results
posted on
Dec 13, 2012 10:26AM
A gold mining, and exploration company with an extensive land package in the Timmins mining district
TORONTO, Dec. 10, 2012 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to announce drilling results from the Ghost Zone ("Ghost"), located near the Holt Mine, the Hislop North Project ("Hislop North"), northwest of the Hislop Mine and underground drilling east of the Smoke Deep Zone ("Smoke Deep") at the Holloway Mine.
HIGHLIGHTS OF DRILLING RESULTS:
Hislop North Project
- H12-015: |
4.45 g/t Au over 9.0 metres |
- H12-019: |
17.70 g/t Au over 1.2m |
- H12-024: |
0.87 g/t Au over 28.7m |
- H12-029 : |
5.31 g/t Au over 6.1 metres and 10.22 g/t Au over 24.0m |
Ghost Zone
- GZ12-028: |
5.30 g/t Au over 3.6 metres |
- GZ12-035: |
12.20 g/t Au over 1.4 metres |
|
|
Smoke Deep Zone |
6.82 g/t Au over 9.6 metres |
Notes: |
"Our exploration programs continue to return positive and encouraging results", said Jacques Perron, President & CEO of SAS. "We are happy with the recent results from the near-mine targets and believe these new zones of mineralization will benefit our resources at year end. With continued drilling in 2013, we are confident we will be able to continue to increase resources and extend the mine life at our operations."
Hislop North Project
At the end of the second quarter, SAS added a second surface drill to accelerate its efforts at Hislop North. Drilling continues to return anomalous gold grades over significant widths including drill hole H12-029 which returned the highest grade drill intercept on the Hislop Property to date.
Recent intersections include H12-015 which returned 4.45 g/t Au over 9.0 metres hosted within a brecciated albitic mafic volcanic with significant quartz veining. Hole H12-019 returned 17.70 g/t Au over 1.2 metres which was significant as it has effectively confirmed the presence of a second zone of mineralization situated approximately 500 metres southwest of the 147, Grey Fox South and Hislop North trend (See Figure 1). Hole H12-029 returned 10.22 g/t Au over 24.0 metres including 11.91 g/t Au over 8.5 metres and 23.22 g/t Au over 5.9 metres, and hole H12-024 returned 0.87 g/t Au over 28.7 metres which intercepted a zone of broad lower grade anomalous mineralization situated in the northeast corner of the claim block.
Expansion of the mineralization remains open in all directions and the Company plans to continue drilling on this target for the remainder of the year. SAS recently completed a series of geophysical surveys over the Hislop North area consisting of both ground magnetics and borehole and ground Induced Polarization (IP) surveys. Aggressive follow-up on these recent drill results and geophysical targets is in progress at this time.
Refer to "Fig 1.HislopNorth-PlanView_DEC2012", for plan view of currently reported drill intercepts.
Refer to "Fig 3.SmokeDeepZone-LongSection_DEC2012", for plan view of currently reported drill intercepts.
Recent drill results for Smoke Deep are summarized in the table below.
Smoke Deep 2012 Underground Drilling Program
Hole Number
Holloway Mine Grid
Degrees
Intersection (Metres)
(Metres)
Gold
Grade
(g/t)
Easting
Northing
Elevation
Azimuth
Dip
From
To
Core
Length
True
Width
780-747
7154.74
4553.16
2448
29
-25
28.9
33.1
4.2
ND
9.23
And
51.9
53.5
1.6
ND
4.73
780-748
7154.74
4553.16
2448
29
-45
41.2
42.9
1.7
ND
8.13
And
47.0
56.6
9.6
ND
6.82
780-749
7162.41
4551.81
2448
58
45
26.2
27.4
1.2
ND
3.91
And
34.4
39.8
5.4
ND
5.36
780-150
1762.41
4551.81
2448
58
10
24.6
39.4
14.8
ND
5.30
Including
32.4
36.4
4.0
ND
10.44
780-751
7165.41
4551.81
2448
58
-20
48.5
57.3
8.8
ND
3.46
Notes: All lengths are reported as core length as true width is not available at this time: All high grade assays capped at 25.00g/t.