Select passage from last NR..

During the third quarter of 2009, the Company's principal operations included pre-production activities at its Holloway Mine and advancing exploration and development at its Hislop Project. As recently announced, the Holloway Mine commenced gold production in mid October 2009, with the first gold pour of approximately 1,220 ounces occurring on October 31, 2009. To date, approximately 4,200 ounces of gold, with a value of approximately US$4.6 million, were poured at the Holt Mill from the Holloway Mine ore.

"We are pleased with the progress of our business plan to bring three gold mines into production in the next 12 months in this exciting gold price environment." said Jacques Perron, President and CEO of SAS. "Having been able to put the Holloway Mine in production earlier than anticipated and under budget validates our plan and the capabilities of our team."

Highlights

- Completed all necessary pre-production activities at the Holloway Mine and the Holt Mill at below budget and commenced production in mid October 2009.

- Made a production decision in November 2009 on the Hislop Project following the successful completion in September 2009 of a positive National Instrument 43-101 ("NI43-101") compliant Pre-Feasibility Study for the project, which outlined 1.9 million tonnes of Probable Mineral Reserves at an average grade of approximately 2.3 grams per tonne gold for a total of 142,500 ounces of contained gold.

- Completed a custom milling agreement to process approximately 100,000 tonnes of custom ore at the Company's Holt Mill.

- Obtained a favourable decision from the Superior Court of Justice (Ontario) in respect of SAS's rights and obligations under a royalty agreement entered into by Newmont Canada Limited and Barrick Gold Corporation in respect of the Company's Holt property. Newmont Canada Limited has appealed the Court's decision.

Ya gotta like pouring gold from a .73 stock..!!

PORTEE