San Gold* (SGR : TSX-V : $4.07), Net Change: 0.27, % Change: 7.11%, Volume: 6,184,440
TGIF! San Gold gave investors something to cheer about Friday. The company reported exceptionally encouraging results from
underground exploration drilling following up on the recent discovery of multiple new zones beyond the eastern extremities of
the Rice Lake mine. The company highlighted that these zones, collectively known as RL East, display remarkable widths as
well as grade, and are hosted within structures that trend upwards toward the high grade 007 zone near surface. Drill hole #28-
10-53 intersected 121 g/t over 13.3 m and included an extremely high grade segment of 319 g/t over 4.9 m containing coarse
visible gold. The company also noted that drill hole #28-10-80 encountered five individual zones within a wider mineralized
section of 50 m grading 4.8 g/t. Even though San Gold trades on the TSX Venture, its market cap is over $1 billion - hence, the
the 7% pop in shares and not 70% following these outstanding results. CEO Dale Ginn stated, "San Gold mine geologists have
produced one of the most impressive intersections ever within Rice Lake. Taking into account that this is exploration drilling
outside of known Rice Lake mine extents, these results are truly remarkable. The mining team's efforts are demonstrating that
this mineralized system is linked to our new surface zones and that our geological model produces results at depth as well as
near surface. We look forward to closing this gap and taking a broader approach to a mineralized system that is fast becoming
much larger than a collection of individual deposits."