Re: San Gold Reviews Over 200 Drill Holes from 2011 007 Zone Drilling
posted on
Dec 20, 2011 10:26AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Stockwatch release
San Gold drills 11.5 m of 23.2 g/t Au at Rice Lake
Ticker Symbol: C:SGR
San Gold drills 11.5 m of 23.2 g/t Au at Rice Lake
San Gold Corp (C:SGR)
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Last Close 12/19/2011 $1.38
Tuesday December 20 2011 - News Release
Mr. George Pirie reports
SAN GOLD REVIEWS OVER 200 DRILL HOLES FROM 2011
San Gold Corp. has released the results of drilling conducted since January in the 007 zone of the company's Rice Lake mining complex in Manitoba, Canada.
Drilling on the 007 Zone occurred throughout the year, from surface and underground drilling stations, in order to infill and extend the zone both along strike and to depth. At the beginning of 2011, the 007 Zone had a limited strike length of less than 200 m. A second new zone, then known as Emperor, was located approximately 300 m to the east along the same horizon. Drilling during the year to the east of 007 resulted first in the discovery of 007 East(730 zone) and then 007 Far East(740 zone). As drilling progressed during the year, it was determined that all four zones including the Emperor were part of a continuous stretch of mineralization extending about 500 m (1,640 feet) along strike.
Results obtained from the 2011 drilling program demonstrate consistent grades and widths throughout the 007 Zone, as highlighted by the following drill holes:
S922-11-036, intersecting 23.2 g/tonne over 11.5 metres at a depth of 362 metres S922-11-013, intersecting 110.1 g/tonne over 2.1 metres at a depth of 330 metres S922-11-049, intersecting 44.2 g/tonne over 4.3 metres at a depth of 348 metres S922-11-089, intersecting 63.0 g/tonne over 2.8 metres at a depth of 362 metres S922-11-091, intersecting 21.7 g/tonne over 7.4 metres at a depth of 362 metres S915-11-003, intersecting 11.8 g/tonne over 12.3 metres at a depth of 396 metres S915-11-024, intersecting 60.7 g/tonne over 3.0 metres at a depth of 275 metres S915-11-045, intersecting 45.6 g/tonne over 4.3 metres at a depth of 291 metres S915-11-084, intersecting 17.4 g/tonne over 9.4 metres at a depth of 269 metres S915-11-106, intersecting 18.1 g/tonne over 3.2 metres at a depth of 358 metres
"These results provide a detailed account of one of the richest gold deposits ever discovered in Manitoba. It's extremely impressive that a gold deposit that wasn't even known about two years ago will be contributing 50% of our mill feed well into the foreseeable future," said George Pirie, San Gold's President and Chief Executive Officer.
The 007 Zone is located along and within the Shoreline Basalt rock unit. San Gold views the full length of the Shoreline Basalt and similar parallel rock units as extremely prospective. In 2012, San Gold's drilling program will pursue the 007 Zone westward towards the L10 Zone, a region that has already returned encouraging results. San Gold will also pursue 007 to the east toward the SG-1 Zone, another Shoreline Basalt deposit located 2 km northeast of the 007 Zone. The region between 007 and SG-1 has yet to be significantly drill tested.
The drilling released today covers 261 intercepts over 215 drill holes within the 007 mineralized envelop. 17 of these holes have been released previously and are included here to provide a complete summary of the 007 drilling program in 2011. The full listing of the drill holes can be found in Table 1 of this release. Figures 1 to 5, which illustrate the location of drill holes and intercepts, can be found on the company web site (www.sangold.ca) and on SEDAR (www.sedar.com).
2011 Exploration Program
This drilling was carried out as part of San Gold's 2011 drill program. As of the end of October, the company had completed 300,000 metres of drilling within the Rice Lake Mining Complex. The Company's near-surface exploration activities in 2011 have focused on both exploration and definition drilling along the 007 Zone and within the L10, L13, SG-1 and Cohiba zones. Deep drilling has focused on extensions of the L10 and 007 zones, both from surface and from drilling stations on 16 Level and 26 Level in the Rice Lake Mine. Drilling within the Rice Lake Mine has focused primarily on definition drilling on 26, 28 and 31 Levels.
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.
FULL LISTING OF 007 DRILLING RESULTS (January to October, 2011) Depth From To Length Au Drill hole (m) (m) (m) (m) (g/t) S915-11-001 200.3 65.7 66.0 0.3 3.2 S915-11-002 197.0 88.7 89.4 0.6 0.0 S915-11-003 395.9 157.6 169.9 12.3 11.8 S915-11-004 228.0 59.6 60.1 0.5 2.2 S915-11-006 280.9 75.6 76.5 0.9 0.3 S915-11-007 296.1 78.9 82.0 3.1 17.8 and 55.3 62.5 7.3 2.0 S915-11-008 314.6 96.3 120.2 23.9 1.3 including 117.8 120.2 2.4 3.9 and 59.3 71.3 12.0 4.3 S915-11-009 207.3 55.3 61.0 5.7 4.3 including 55.3 56.1 0.8 7.5 including 58.6 59.0 0.3 29.1 S915-11-010 217.3 46.0 58.2 12.2 5.1 including 50.0 56.4 6.4 9.0 S915-11-011 33.7 37.1 3.4 2.2 including 34.1 34.9 0.8 7.4 including 36.8 37.1 0.3 3.6 and 226.6 42.0 55.2 13.2 11.6 including 49.5 55.2 5.7 24.5 S915-11-013 243.4 33.4 43.8 10.4 7.6 including 33.8 43.8 10.0 7.2 including 43.2 43.8 0.6 67.2 S915-11-014 278.3 50.7 63.2 12.5 11.6 including 54.7 56.4 1.7 58.9 S915-11-015 293.2 69.4 74.6 5.2 2.2 S915-11-016 304.5 76.2 84.2 8.0 15.3 S915-11-017 331.6 99.3 103.1 3.8 8.0 and 345.6 115.6 124.7 9.1 13.1 S915-11-019 211.8 48.6 51.8 3.2 3.8 S915-11-020 221.6 44.3 46.8 2.4 4.9 S915-11-022 242.6 41.4 43.4 2.1 4.5 S915-11-023 No significant results S915-11-024 274.5 50.0 52.9 3.0 60.7 S915-11-026 289.9 56.8 60.2 3.4 7.1 S915-11-027 313.3 75.1 78.9 3.8 4.6 and 322.8 87.8 91.6 3.8 6.0 S915-11-028 52.1 52.4 0.4 3.6 and 203.3 62.0 63.2 1.2 0.9 S915-11-030 33.2 37.8 4.6 7.2 including 37.3 37.8 0.5 57.6 and 42.7 43.9 1.2 4.7 and 224.5 47.3 51.2 3.8 58.3 including 49.0 49.3 0.3 607.4 S915-11-032 34.1 36.2 2.1 4.3 and 243.5 39.2 45.7 6.5 6.2 including 39.2 40.7 1.5 17.5 S915-11-033 258.5 128.4 130.3 1.9 72.7 including 128.4 128.9 0.5 282.1 and 257.7 133.4 142.1 8.7 7.9 including 133.4 137.3 3.9 3.8 including 135.7 137.3 1.6 7.0 including 138.8 142.1 3.3 16.5 including 138.8 140.5 1.7 30.0 and 149.5 150.5 1.0 4.9 S915-11-034 272.5 39.0 50.3 11.3 11.5 S915-11-035 291.9 57.0 62.6 5.6 7.6 S915-11-037 316.5 79.7 84.1 4.4 5.9 S915-11-038 42.4 45.2 2.8 3.1 including 44.6 45.2 0.6 8.7 and 203.7 56.3 67.1 10.8 13.2 including 57.5 58.1 0.6 31.4 including 63.1 65.3 2.2 42.1 S915-11-040 226.4 41.1 49.5 8.4 14.3 including 47.8 49.0 1.2 93.7 S915-11-042 240.5 41.6 44.4 2.8 33.6 S915-11-043 275.3 45.4 52.8 7.4 14.8 S915-11-045 290.8 56.9 61.2 4.3 45.6 S915-11-047 317.0 78.3 89.8 11.5 9.5 including 79.7 87.4 7.7 11.6 S915-11-048 55.0 56.2 1.2 8.0 and 197.4 66.8 72.1 5.3 80.4 including 66.9 70.3 3.4 119.9 S915-11-050 16.2 18.1 1.9 4.6 and 223.4 52.2 57.0 4.8 43.5 including 55.6 57.0 1.4 144.2 S915-11-052 241.5 47.0 52.2 5.2 2.7 including 47.0 47.5 0.5 8.6 and 240.2 54.2 54.8 0.6 13.4 S915-11-054 274.7 57.8 60.0 2.2 6.3 S915-11-055 320.6 111.9 114.4 2.5 6.3 S915-11-056 372.5 169.3 170.6 1.3 3.7 S915-11-057 233.5 151.0 155.8 4.8 7.7 S915-11-058 221.0 86.1 86.5 0.3 59.3 S915-11-059 240.9 62.5 62.5 0.0 0.0 and 93.5 94.5 1.0 7.1 S915-11-060 248.7 94.9 95.1 0.2 0.0 S915-11-061 262.2 66.8 67.5 0.7 0.0 S915-11-062 275.6 111.6 121.9 10.3 17.0 including 115.0 118.2 3.2 42.2 S915-11-063 No significant results S915-11-065 No significant results S915-11-064 228.3 41.3 41.9 0.6 0.2 S915-11-066 217.0 51.9 54.3 2.3 0.3 S915-11-067 227.6 44.2 49.0 4.7 1.6 S915-11-068 202.2 61.6 64.5 2.9 4.4 S915-11-069 226.9 37.9 41.6 3.7 0.7 and 219.2 52.0 53.4 1.5 3.5 S915-11-070 230.8 35.8 36.6 0.7 0.0 S915-11-071 210.0 49.5 51.7 2.3 3.4 S915-11-072 228.0 32.8 33.2 0.4 41.7 S915-11-073 229.2 44.0 47.4 3.5 0.4 S915-11-074 208.2 50.0 52.9 2.8 3.9 S915-11-075 213.7 52.0 53.8 1.8 3.8 S915-11-076 245.4 12.5 13.9 1.4 4.1 and 230.7 40.7 41.6 1.0 1.3 S915-11-077 235.1 35.7 41.1 5.5 2.0 including 35.7 37.8 2.1 3.6 S915-11-078 263.7 40.3 45.0 4.7 2.5 and 269.1 64.2 65.7 1.6 2.6 S915-11-079 No significant results S915-11-080 207.9 68.5 73.5 4.9 3.2 including 69.9 72.8 2.9 5.2 and 224.5 41.8 44.9 3.2 2.3 S915-11-081 235.3 52.7 55.4 2.8 1.8 S915-11-082 265.2 49.7 50.7 1.0 2.8 S915-11-083 285.6 68.6 69.6 1.0 0.0 S915-11-084 268.6 48.4 57.9 9.4 17.4 including 48.4 52.1 3.7 35.6 including 54.3 56.7 2.5 12.9 and 272.1 62.6 67.8 5.2 33.7 S915-11-085 No significant results S915-11-086 No significant results S915-11-087 No significant results S915-11-088 No significant results S915-11-089 250.5 6.8 9.0 2.2 0.3 S915-11-090 No significant results S915-11-091 250.5 27.6 30.1 2.5 0.3 S915-11-092 262.9 33.9 35.2 1.3 36.2 and 267.4 50.3 50.5 0.3 17.7 S915-11-093 261.5 30.0 30.7 0.7 34.0 and 263.7 36.1 37.6 1.5 3.9 and 266.7 45.7 46.7 1.0 51.7 S915-11-094 260.6 24.2 27.4 3.3 7.7 and 267.0 39.4 47.7 8.2 58.4 including 43.9 47.7 3.7 124.8 S915-11-100 330.1 130.5 131.4 0.9 0.3 S915-11-102 193.5 75.4 77.1 1.6 1.8 S915-11-105 339.5 108.7 113.4 4.7 20.3 S915-11-106 357.5 124.2 127.4 3.2 18.1 S915-11-107 345.9 106.8 111.7 4.9 29.2 S915-11-108 347.2 103.2 110.2 7.0 9.2 S915-11-109 351.7 110.1 112.0 1.9 1.7 S915-11-110 373.1 134.8 136.7 1.9 15.7 S922-11-001 300.8 126.5 128.4 1.9 0.1 S922-11-002 312.3 118.7 119.9 1.3 48.6 S922-11-003 328.8 121.0 122.8 1.7 16.3 S922-11-004 300.2 114.7 117.0 2.3 7.6 S922-11-005 315.2 115.1 117.3 2.2 1.7 S922-11-007 297.5 117.0 118.8 1.8 1.4 S922-11-008 308.5 116.0 118.9 2.8 0.8 S922-11-009 324.0 117.5 120.1 2.6 1.6 S922-11-010 300.8 110.2 112.3 2.1 0.3 S922-11-011 312.7 109.9 113.3 3.4 4.0 S922-11-012 311.2 112.0 112.7 0.7 7.1 S922-11-013 329.8 117.0 119.1 2.1 110.1 S922-11-014 298.1 115.3 116.6 1.3 12.2 S922-11-015 321.6 111.7 114.8 3.2 3.1 S922-11-016 310.9 120.8 129.4 8.6 0.6 S922-11-017 333.1 128.9 132.3 3.5 4.0 S922-11-018 300.5 137.9 139.4 1.5 0.2 S922-11-019 311.2 122.8 127.0 4.3 2.3 S922-11-020 321.4 118.3 120.5 2.2 1.5 S922-11-021 290.6 144.8 145.6 0.8 6.1 and 296.6 160.4 161.1 0.7 24.8 S922-11-022 321.2 157.2 159.9 2.7 4.8 S922-11-023 331.9 148.9 153.0 4.1 2.3 including 151.6 152.8 1.1 6.1 S922-11-024 295.1 147.2 151.3 4.1 4.7 S922-11-025 315.8 155.0 157.0 2.0 5.7 S922-11-026 331.9 180.9 189.3 8.5 4.2 including 180.9 181.6 0.8 11.6 including 184.6 185.8 1.2 16.4 S922-11-029 327.2 178.6 183.1 4.5 5.5 S922-11-030 349.8 131.2 134.0 2.8 8.2 including 131.2 131.5 0.3 62.3 S922-11-034 57.6 57.8 0.2 12.0 and 124.1 126.9 2.8 1.3 S922-11-035 338.6 119.7 122.6 2.9 11.4 S922-11-036 362.4 132.3 143.8 11.5 23.2 including 132.3 140.0 7.7 33.0 S922-11-038 290.2 157.5 158.5 1.0 2.6 and 170.0 170.7 0.6 5.5 S922-11-039 326.7 154.0 154.3 0.3 1.0 and 329.4 158.9 159.6 0.7 0.9 S922-11-040 136.7 137.3 0.7 3.6 and 343.0 146.2 149.9 3.7 6.9 including 146.9 149.9 3.0 8.7 S922-11-042 343.0 154.5 154.6 0.0 0.0 and 175.0 178.5 3.5 2.7 and 175.0 175.6 0.6 6.9 and 176.9 177.5 0.7 3.9 S922-11-043 282.2 171.0 176.9 5.9 9.2 S922-11-044 301.8 148.4 151.6 3.2 5.2 S922-11-045 333.1 156.0 157.3 1.3 4.6 S922-11-046 343.5 150.9 157.5 6.6 1.3 S922-11-047 351.1 133.2 134.1 0.9 185.3 and 362.5 144.8 148.5 3.7 11.4 S922-11-048 372.5 147.5 148.6 1.2 1.1 S922-11-049 348.1 132.6 136.8 4.3 44.2 S922-11-050 364.5 144.4 144.6 0.2 0.1 S922-11-051 358.7 143.5 146.2 2.7 11.1 S922-11-052 349.9 148.0 149.2 1.2 0.6 S922-10-054 250.2 147.5 151.1 3.6 8.6 including 148.2 150.4 2.2 10.5 S922-11-055 351.7 138.0 140.8 2.8 3.2 S922-11-057 293.8 107.5 110.8 3.3 3.7 S922-11-058 211.5 198.6 200.1 1.5 23.9 including 199.2 199.4 0.2 159.4 S922-11-061 344.4 125.9 129.0 3.1 28.6 S922-11-062 321.9 131.7 133.0 1.3 3.9 S922-11-064 341.1 136.2 142.0 5.8 1.1 S922-11-065 358.4 139.0 141.6 2.6 3.3 including 175.9 176.6 0.7 161.6 S922-11-072 279.2 175.5 177.8 2.3 5.9 S922-11-076 305.5 146.1 147.1 1.0 5.2 including 146.4 146.7 0.3 8.5 and 309.3 155.4 156.4 1.0 4.0 including 155.4 155.7 0.3 11.6 S922-11-078 231.3 174.5 177.5 3.0 20.5 S922-11-079 378.6 161.9 164.4 2.5 6.8 S922-11-080 322.3 117.5 118.0 0.4 0.2 S922-11-081 323.7 106.9 109.7 2.8 0.1 S922-11-082 361.8 136.5 138.0 1.6 24.1 S922-11-084 373.4 143.1 144.3 1.1 13.0 and 384.4 154.7 156.7 2.0 5.9 S922-11-085 350.5 130.1 132.1 2.0 10.2 including 350.0 130.1 131.0 0.9 22.4 S922-11-086 381.0 150.5 152.1 1.6 7.3 and 392.6 161.6 164.2 2.6 0.2 S922-11-087 272.8 48.5 51.5 3.0 3.9 and 327.7 119.5 122.2 2.7 0.4 S922-11-088 345.8 126.8 130.3 3.5 7.2 S922-11-089 361.6 136.7 139.4 2.8 63.0 including 136.7 137.4 0.7 240.5 and 365.8 142.0 143.6 1.6 10.5 including 142.9 143.6 0.7 22.4 and 369.8 146.5 148.0 1.5 5.5 including 146.5 146.9 0.4 17.5 S922-11-090 347.5 124.5 128.0 3.5 1.8 S922-11-091 362.2 135.6 143.0 7.4 21.7 including 135.6 137.9 2.3 18.3 including 139.9 141.8 2.0 59.2 S922-11-092 374.9 143.0 153.2 10.2 1.9 including 143.4 147.1 3.7 4.5 S922-11-093 371.4 140.9 145.3 4.4 14.6 and 378.9 149.9 152.4 2.5 3.2 S922-11-094 404.5 174.5 177.3 2.8 2.1 S922-11-095 381.5 147.0 149.0 2.0 0.8 S922-11-096 359.4 134.8 137.3 2.5 23.6 S922-11-097 375.2 144.2 149.5 5.3 19.5 and 383.7 154.8 157.8 3.0 7.6 S922-11-098 305.8 144.2 148.3 4.1 4.1 S922-11-099 311.2 138.2 139.6 1.5 4.0 and 314.9 144.6 146.6 2.0 4.8 S922-11-100 334.4 135.5 139.7 4.1 1.8 S922-11-101 349.3 139.2 143.3 4.0 13.0 S922-11-102 365.4 141.5 146.4 4.9 1.3 S922-11-103 336.2 135.1 139.6 4.5 7.3 S922-11-104 352.3 136.3 138.5 2.2 2.4 CD-11-162 No significant results CD-11-165 No significant results CD-11-166 No significant results CD-11-169 269.1 279.5 284.8 5.3 0.9 and 281.1 293.8 295.5 1.7 10.7 including 293.8 294.7 0.9 18.4 CD-11-200 144.8 199.5 205.1 5.6 0.0 CD-11-202 205.1 223.8 233.9 10.1 0.5 including 230.7 231.3 0.6 5.3 CD-11-204 196.8 217.8 218.0 0.2 0.1 CD-11-205 199.9 222.6 223.7 1.1 5.5 CD-11-206 225.6 242.1 243.0 0.9 7.0 including 242.7 243.0 0.3 17.1 CD-11-207 184.7 221.6 225.0 3.4 0.6 including 224.6 225.0 0.5 4.4 CD-11-208 172.2 222.9 224.5 1.6 0.6 CD-11-209 178.3 217.9 218.1 0.2 2.4 CD-11-210 173.7 218.5 219.3 0.7 1.9 CD-11-211 156.7 213.8 215.6 1.9 0.0 CD-11-212 151.8 195.2 195.7 0.5 10.8 CD-11-217 162.5 205.8 206.9 1.1 11.1 CD-11-218 149.7 198.2 200.5 2.2 3.7 CD-11-222 147.9 196.1 198.5 2.3 0.3 CD-11-223 142.6 196.2 197.8 1.6 0.5 CD-11-227 No significant results CD-11-228 184.1 218.0 221.7 3.7 4.6 CD-11-232 178.9 215.6 216.6 0.9 0.5 CD-11-230 218.2 235.8 239.1 3.3 2.2 CD-11-233 200.9 218.5 219.5 0.9 0.1 CD-11-234 202.4 225.1 225.3 0.2 2.4 CD-11-235 188.7 213.8 214.2 0.4 0.4 CD-11-236 172.2 203.9 204.5 0.6 9.8 CD-11-238 121.6 136.8 142.2 5.4 0.0 CD-11-241 227.1 242.7 249.6 6.9 7.9 and 261.5 280.5 283.8 3.3 10.6 CD-11-242 192.9 216.1 218.7 2.6 0.9 CD-11-244 112.7 137.8 139.3 1.5 0.4 CD-11-245 236.5 259.1 260.3 1.2 5.2 CD-11-246 239.0 265.6 266.9 1.3 4.3 CD-11-248 157.0 188.1 191.4 3.3 0.2 CD-11-250 157.9 198.0 201.0 3.0 1.1 CD-11-251 138.7 187.1 190.7 3.5 1.1 CD-11-252 139.9 206.6 209.7 3.1 0.0 CD-11-253 121.7 199.5 202.4 2.9 4.6 including 120.9 199.5 199.7 0.2 45.3 CD-11-254 152.9 202.7 205.0 2.3 0.3 CD-11-255 133.5 187.1 189.5 2.4 0.0 CD-11-257 119.5 199.6 202.5 3.0 8.2 including 199.6 199.8 0.2 120.4 CD-11-259 127.4 189.4 190.8 1.4 10.9 CD-11-262 320.8 336.9 345.6 8.7 3.8 including 339.2 343.0 3.8 7.4 JH-11-019 361.7 472.4 474.9 2.5 20.3 JH-11-026 326.1 456.6 458.0 1.4 7.6 JH-11-028 370.9 473.1 475.7 2.6 18.6 and 374.9 478.8 480.3 1.6 2.3 JH-11-030 394.3 522.9 525.0 2.2 2.2 JH-11-055 435.0 521.9 526.4 4.5 5.1
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