TSX: SGR || OTCQX: SGRCF
www.sangold.ca
BISSETT, MB, April 7 /PRNewswire/ - George Pirie, President and CEO of San Gold
Corporation (TSX: SGR) (OTCQX: SGRCF) is pleased to report that
exploration step-out drilling from surface and underground has
extended the 007 Zone to the east by as much as 100 meters,
bringing the total strike length of the 007 zones to 500 meters to
date.
Robust widths and grades are being encountered as drilling
pushes the deposit eastward and to depth as demonstrated by the
most easterly drill hole to date, # S915-11-33 which intersected
15.4 g/tonne (0.45 oz/ton) over 13.7 meters (45 ft) at a depth of
260 meters below surface. Deeper drilling below 300
meters is also extending the deposit to depth as shown by drill
hole #CD-11-003 which intersected 17.8 g/tonne (0.52 oz/ton) over
4.2 meters (14 ft) and by #CD-11-13, cutting 56.5 g/tonne
(1.65 oz/ton) over 2.6 meters (8.5 ft). The 25 intersections
within 24 drill holes as reported below are located within a 220
meter long by 220 meter deep envelope beginning at 200 meters below
surface at the eastern extremity of the 007 deposit.
All drill holes for which assays have been received within the
007 East Extension and Far East zones are listed below:
| Hole # |
From |
To |
Length |
|
Gold |
|
Zone |
| |
m |
m |
m |
ft |
g/tonne |
oz/ton |
|
| CD-10-192 |
453.5 |
459.8 |
6.4 |
20.9 |
6.5 |
0.19 |
007E Ext |
| CD-10-193 |
351.8 |
358.1 |
6.3 |
20.8 |
51.0 |
1.49 |
007E Ext |
| CD-10-195 |
361.7 |
364.2 |
2.5 |
8.3 |
34.2 |
1.00 |
007E Ext |
| CD-11-01 |
374.8 |
380.5 |
5.7 |
18.6 |
18.5 |
0.54 |
007E Ext |
| CD-11-02 |
447.3 |
455.9 |
8.6 |
28.1 |
7.9 |
0.23 |
007E Ext |
| CD-11-03 |
405.6 |
409.8 |
4.2 |
13.9 |
17.8 |
0.52 |
007E Ext |
| |
|
|
|
|
|
|
|
| S915-11-010 |
50.0 |
56.4 |
6.4 |
21.1 |
9.0 |
0.26 |
007E Ext |
| S915-11-011 |
42.0 |
55.2 |
13.2 |
43.4 |
11.6 |
0.34 |
007E Ext |
| S915-11-013 |
33.8 |
43.8 |
10.0 |
32.8 |
7.2 |
0.21 |
007E Ext |
| S915-11-014 |
50.7 |
63.2 |
12.5 |
41.0 |
11.6 |
0.34 |
007E Ext |
| S915-11-032 |
39.2 |
45.7 |
6.5 |
21.3 |
6.2 |
0.18 |
007E Ext |
| S915-11-040 |
41.1 |
49.5 |
8.4 |
27.5 |
14.3 |
0.42 |
007E Ext |
| S915-11-042 |
41.6 |
44.4 |
2.8 |
9.3 |
33.6 |
0.98 |
007E Ext |
| S915-11-050 |
52.2 |
57.0 |
4.8 |
15.6 |
43.5 |
1.27 |
007E Ext |
| S922-11-043 |
171.0 |
176.9 |
5.9 |
19.2 |
9.2 |
0.27 |
007E Ext |
| S922-11-047 |
133.2 |
134.1 |
0.9 |
3.0 |
185.3 |
5.41 |
007E Ext |
| and |
144.8 |
148.5 |
3.7 |
12.0 |
11.3 |
0.33 |
007E Ext |
| S922-10-070 |
172.7 |
176.6 |
3.9 |
12.8 |
32.5 |
0.95 |
007E Ext |
| |
|
|
|
|
|
|
|
| CD-11-11 |
436.4 |
438.6 |
2.2 |
7.2 |
25.0 |
0.73 |
007 Far East |
| CD-11-12 |
476.4 |
478.6 |
2.2 |
7.1 |
4.8 |
0.14 |
007 Far East |
| CD-11-13 |
439.3 |
441.8 |
2.6 |
8.5 |
56.5 |
1.65 |
007 Far East |
| CD-11-14 |
444.6 |
447.0 |
2.4 |
8.0 |
16.1 |
0.47 |
007 Far East |
| |
|
|
|
|
|
|
007 Far East |
| S915-11-033 |
128.4 |
142.1 |
13.7 |
44.9 |
15.4 |
0.45 |
007 Far East |
| S915-11-057 |
151.5 |
155.2 |
3.7 |
12.2 |
9.2 |
0.27 |
007 Far East |
| S915-11-062 |
111.6 |
121.9 |
10.3 |
33.7 |
17.1 |
0.50 |
007 Far East |
"These results continue to demonstrate the size and strength of
the gold mineralization within the Shoreline Basalt. The discovery
and development of this new mine trend is an exciting new era for
San Gold. The success of our exploration efforts in these zones
allows us to execute our plan to develop a new mine complex and
continues to support the very aggressive drill program in place,"
said Mr. Pirie.
Over 350 meters of 007 Zone strike length has been developed so
far at the 260 meter level in preparation for mining. Mine
development also continues to the west towards the L10 deposit, the
second major deposit to be developed along the Shoreline
Basalt.
The 007 zone is located approximately 2 km to the north-east of
San Gold's operating Rice Lake Mine and mill, is fully accessible
by road and is accessible from the Hinge Mine decline. The
007 Zone was initially discovered by San Gold geologists in
November 2009 and mine development
towards the zone began early in 2010 originating from the Hinge
Mine. San Gold is on track to complete over 300,000 meters of
diamond drilling in 2011, making it one of Canada's most aggressive gold exploration
companies.
A detailed longitudinal section displaying the results obtained
to date is available at the company's website: www.sangold.ca.
The surface drill program was carried out under the supervision
of W.S. Ferreira, P.Geo., the
Qualified Person for this project under National Instrument 43-101.
The drill core was split, with half sent to TSL Laboratories in
Saskatoon, SK and fire assayed
with an AA and gravimetric finish. Whole metallic assays were
performed on samples containing visible gold. Check assays
were also performed on pulps and rejects by both TSL and by
Accurassay Laboratories of Thunder
Bay, ON. The underground drill program was carried out
by San Gold mine geologists under the supervision of D. Ginn,
P.Geo., the Qualified Person for San Gold under National Instrument
43-101. Underground drill core samples are assayed on site in
the company's assay lab using the fire assay method with an AA and
gravimetric finish. San Gold's quality control and assurance
program includes the insertion of standards, the retention of pulps
and rejects, and spot checks utilizing independent labs including
TSL Laboratories in Saskatoon, SK
and Accurassay Laboratories of Thunder
Bay, ON. The core lengths are actual lengths as drilled and
have not been adjusted for the true width of the mineralized
zones.
The information in this release may contain forward-looking
information under applicable securities laws. This forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ
materially from those implied in the forward-looking
information.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
SOURCE San Gold Corporation
