San Gold Confirms High Grades with Bulk Sample of 007 Zone
BISSETT, MB, March 4 /CNW/ - George Pirie, CEO of San Gold Corporation (TSX:SGR) (OTCQX: SGRCF), is pleased to report on preliminary mine development and bulk sampling within the 007 and 007 East Zones from 250 meters (820 ft) below surface.
Over 305 meters (1,000 ft) of strike length has been developed so far at this elevation with three distinct zones identified having strike lengths of 76 meters (250 ft) to 92 meters (300 ft) each. 15,405 tons have been processed in the Rice Lake mill so far this year from the 007 zones giving a mill head grade of 11.3 g/tonne (0.33 oz/ton).
Mining of the 007 zones have contributed to a record month in terms of tonnage mined in February of 37,825 tons or 1,351 tons per day average, including a new daily mined record of 2,674 tons. Individual face grades have assayed up to 11.2 oz/ton (384 g/tonne) over a true width of 3.4 meters (11.0 ft) with visible gold being routinely observed throughout. Chip sample results are presented in the table below using vein only as well as full face widths in order to fully account for dilution. Chip sample face averages are also presented by zone using uncut assay values and a 103 g/tonne (3 oz/ton) cutting factor for all individual assays that lie over that threshold.
See link for entire news release and assays
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110304&archive=cnw&slug=C7999
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