Taylor refreshes San Gold buy

San Gold Corp (C:SGR)
Shares Issued 310,966,175
Last Close 8/25/2011 $2.73
Thursday August 25 2011 - In the News

Jay Taylor, in the Aug. 17, 2011, edition of Gold, Energy & Tech stocks, refreshes his buy of San Gold Corp., recently $3.04. Mr. Taylor said buy San Gold seven times from Oct. 16, 2006, to April 18, 2011, at prices ranging from $1 to $3.39. Assuming an investment of $1,000 for each buy, the $7,000 investment is now worth a pleasing $13,810. San Gold is spending $25-million to drill 300,000 metres in Manitoba, near Bissett. The company's president, George Pirie, expects the drill program will result in an increase in the company's resources. Mr. Taylor says more resources would then lead to an increase in the current production target of 80,000 ounces of gold a year. In the second quarter, San Gold produced 20,055 ounces from its Rice Lake, Hinge and 007 mines, which are all in Manitoba. The newsletter writer says the Rice Lake project is not just similar to, but better than, Goldcorp Inc.'s Red Lake mine in Ontario. He says the gold at Rice Lake is closer to the surface than that at Red Lake. Mr. Taylor is also pleased because San Gold has Mr. Pirie as president (he worked at Placer Dome Inc.), and geologist Dale Ginn as executive vice-chairman.

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