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

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Message: ...how the flowthrough is spent

HotMuck., i can see the fine line in which way to spend this 26 mill, if drilling proves a whole new hinge area then should we not sit back and come up with a mining plan to capture these riches. I see no share value in jumping in without some form of tact in place. I guess if development cost can pay for it self in terms of oz retreived then write the cost off in terms of development and the oz well pay for the drilling and the financials can show some sort of a positive cash flow....

Dale Ginn, CEO of San Gold stated,

to return nearly enough gold to cover all of the costs of developing the new mine is remarkable.

These results confirm the high grade nature of Hinge Zone and the practicality of mining and processing this

ore at very low cost. The results also clearly demonstrate the advantage we possess in having a full compliment of

miners and a fully permitted processing facility in proximity to an aggressive and potent exploration program. I am

proud to be part of the San Gold team that has achieved so much over such a short time-span, eighteen months

from the discovery drill intersection to initial and very profitable production........i guess my way of thinking is to spend the 30 % allowed under CRA regulations and maybe we can recouver enough gold to pay for future drilling and not have to go to Winkin, Blinkin and Nod to keep bailing us out. Long On The Greens, Traps7...with out prejudice.

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