San Gold drills two m of 60.3 g/t Au at Hinge

View this email as Webpage

San Gold drills two m of 60.3 g/t Au at Hinge

2009-07-30 08:58 ET - News Release

Mr. Dale Ginn reports

HINGE DRILLING UPDATE MULTIPLE HIGH GRADE ZONES EXTENDING TO DEPTH

San Gold Corp.'s definition and exploration drilling continues to confirm and extend the high-grade Hinge deposits, including the newly discovered No. 5 and No. 6 lenses. Underground drilling within the Hinge Mine above and below the three recently developed levels on the No. 1 and No. 2 lenses is confirming the high grade nature and consistency of these zones as demonstrated by hole No. H96-09-35 which encountered 60 g/tonne (1.8 oz/ton) over 2.0 meters (6.6 ft). The new zones located to the footwall of the main No. 1 and No. 2 lenses were also targeted by both surface and underground drilling with numerous intersections reported in the No. 5 and No. 6 lenses. High grade intersections continue to be encountered i
n the No. 6 lens located near the east end of the No. 1 lens as highlighted by hole No. H96-09-63 which cut 40 g/tonne (1.2 oz/ton) over 1.7 meters (5.6 ft) in vein material with similar cha
racteristics to the main Hinge lenses. The No. 5 lens has now been encountered in drill holes between surface and depths below 400 meters (1,300 ft) and exhibits characteristics similar to the "38" or breccia style of mineralization found in the Rice Lake Gold Mine located 1.5 kms to the west. Surface drill hole No. GS-09-022 encountered a broad 7.6 meter (25.0 ft) breccia style vein grading 8.6 g/tonne (0.25 oz/ton) at over 400 meters (1300 ft) depth near the known western extents of the No. 2 and No. 3 Hinge lenses.

Nineteen intersections are reported within sixteen drill holes sorted by zone as tabulated below:

Hole No. From To &nb
sp; Length Gold g/tonne (oz/ton) Zone/Lens

H96-0
9-03 119.9 m 121.2 m 1.3 m (4.3 ft) 28.9 (0.84) 1

H96-09-05 83.7 m 85.2 m 1.5 m (4.9 ft) 27.7 (0.81) 1

H96-09-07 81.1 m 84.4 m 3.3 m (10.8 ft) 31.2 &nbsp
; (0.91) 1

H96-09-13 93.9 m 94.5 m 0.6 m&n
bsp; (2.0ft) 111.0 (3.24) 1

H96-09-30 90.6 m 92.1 m 1.5 m (4.9 ft) 33.9 (0.99) 1

H96-09-31 94.2 m 95.6 m 1.4 m (4.7 ft) 26.0 (0.76) 1

H96-09-35 112.1 m
114.1m 2.0 m (6.6 ft) 60.3 &
nbsp; (1.76) 1

H96-09-36 83.5 m 84.7 m 1.2 m (4.0 ft) 33.6 (0.98) 1

H96-09-37 85.5 m 87.7 m 2.2 m (7.2 ft) 41.1 (1.20) 1

H96-09-63 102.0 m 103.3 m 1.3 m &nbsp
; (4.3 ft) 58.2 (1.70) 1

H96-09-17 158.1 m
159.6 m 1.5 m (4.9 ft) 15.1 (0.44) 2

H96-09-24 107.0 m 108.6 m 1.6 m (5.3 ft) 11.3 (0.33) 2

H96-09-21 139.9 m 142.2 m 2.3 m (7.6 ft) 6.9 (0.20) 5<
/PRE>
GS-09-022 489.7 m 497.3 m 7.6 m (25.0 ft) &
nbsp; 8.6 (0.25) 5

including 489.7 m 491.7 m 2.0 m (6.6 ft) 12.7 (0.37) 5

including 493.2 m 497.3 m 4.1 m (13.5 ft) 9.9 (0.29) 5

H96-09-07 91.3 m 92.4 m &nbs
p; 1.1 m (3.7 ft) 15.8 (0.46) 6

H96-09-13 &
nbsp; 130.9 m 131.9 m 1.0 m (3.3 ft) 14.7 (0.43) 6

H96-09-63 120.1 m 121.8 m 1.7 m (5.6 ft) 40.4 (1.18) 6

The Hinge zones have now been drill tested between section 0 east and 800 east (feet), (250 m) and to depths of over 1,300 feet (400 m) demonstrating excellent continuity in both structure and grade in up to 6 distinct lenses or mineralized zones. Underground development and stoping is currently progressing on three levels within the Hinge Mine following the recently completed and successful bulk sampling program (see press release dated July 14, 2009). Two underground drill rigs continue to define and extend to depth the known Hinge zones, while surface drills are expanding the new Cohiba zone located 500 meters to the east (see press release dated June 11, 2009), as well as probing targets located to the north a
nd to the west of the Hinge deposit. The currently known Hinge deposits are located approximately 1.5 kms to the north-east of San Gold's operating Rice Lake and mine and mill, and are fully
accessible by San Gold's private road, and all lie within San Gold's fully permitted mine lease.

This program was carried out under the supervision of W.S. Ferreira, P.Geo., and D. Ginn, P.Geo., the Qualified Persons for this project under National Instrument 43-101. Exploration drill core is 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. Definition 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 cor
e lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones.

San Gold Corp.

1-800-321-8564

www.sangoldcorp.com

To Be Removed From This Email Please Click Here and Type Remove In The Subject Line

----------

Investor Network and MarketSmart Communications Inc,. Disclaimer: Although results are possible, they are not gaurenteed. Please be aware that MarketSmart Communications Inc. is a news service and NOT an investment advisory service; it is advised that you consult with a licensed financial advisor before making any investment decisions. This publication does not provide an analysis of a company's financial position and the information herein should NOT be construed as an offer to buy or sell securities. The information herein is taken from sources thought to be accurate, but there is no guarantee.
All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Past performance does not guarantee future results <
/SPAN>

http://canadaresourcetv.net/manage.php/528665/999488

Target Publishing , Inc
530-S Federal Hwy - Deerfield Beach, Fl 33432 US

_______________________________________________
pyrepl-dev mailing list
[email protected]
http://pyrepl.codespeak.net/mailman/listinfo/pyrepl-dev