San Gold, SGR.v
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Posted: Thursday Jul 5 8:39:08AM 2007
San Gold starting to get noticed. Seeing more mention of Rice Lake mine and Red Lake Mine in the same sentence. Not comparable yet but SGR.v/sgrcf.pk came in with more good results from depth at Rice Lake today. Not as spectacular as the last few because there are no results over an oz/tonne but still excellent results. Bobwins
+.11 to C$1.23
Multiple Intersections Drilled at Rice Lake Deep
Thursday July 5, 9:21 am ET
BISSETT, MB--(MARKET WIRE)--Jul 5, 2007 -- Dale Ginn, CEO of San Gold Corporation (CDNX:SGR.V - News), is pleased to announce that six distinct mineralized zones were encountered in hole # 473-07-27 of the underground drill program below the 5300 foot level of the Rice Lake Gold Mine. This hole intersected 18 g/tonne (0.53 oz/ton) over a length of 4.6 meters (15.2 feet) within a broader intersection of 14.6 g/tonne (0.43 oz/ton) over 6.5 meters (21.4 feet). Results from hole # 473-07-27 are tabulated below:
Hole # From To Length Gold g/tonne (oz/ton)
473-07-27 128.3 m 133.0 m 4.6 m (15.2 ft) 18.0 (0.53)
within 127.1 m 133.6 m 6.5 m (21.4 ft) 14.6 (0.43)
and 50.0 m 51.8 m 1.8 m (5.9 ft) 14.8 (0.43)
and 68.5 m 78.2 m 9.7 m (32.0 ft) 5.8 (0.17)
and 100.3 m 102.7 m 2.4 m (8.0 ft) 5.9 (0.17)
and 105.0 m 109.9 m 4.9 m (16.1 ft) 11.2 (0.33)
and 116.1 m 118.2 m 2.1 m (6.9 ft) 10.1 (0.30)
The deepest and most significant intersection within this hole represents the downward extension of the high-grade "96" vein and is located approximately 35 meters (115 feet) below hole # 26 which recently intersected 50.1 g/tonne (1.46 oz/ton) over a length of 6.8 meters (22.3 feet) (see press release dated June 22, 2007). The 96 vein is currently being developed on two levels at the 5400 foot and 5450 foot by jumbo crews in preparation for mining. The other intersections include the "A" breccia or stockwork vein as well as previously undiscovered veins which have not yet been named and have not been developed to date.
This program was carried out under the supervision of D. Ginn, P.Geo., the Qualified Persons 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 metallics were performed on selected samples. Check assays were also performed on pulps and rejects by both TSL and by 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.
For further information contact Dale Ginn, CEO of San Gold Corporation, at (204) 794-5818 or investor information at 1-800-321-8564 or visit www.sangoldcorp.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
San Gold Corporation
Posted: Monday Jun 25 6:13:17AM 2007
Posted: Tuesday May 29 12:54:55PM 2007
I think a good entry point is 0.95. Thoughts.
Posted: Tuesday May 29 12:01:59PM 2007
sgr.v -.10 to C$1.03
more high grade gold
Drilling Discovers New High Grade Vein at Rice Lake
Tuesday May 29, 12:24 pm ET
BISSETT, MB--(MARKET WIRE)--May 29, 2007 -- Dale Ginn, CEO of San Gold Corporation (CDNX:SGR.V - News), is pleased to report that diamond drilling has discovered a new high grade gold vein via hole #RL071 which intersected 1.16 oz/ton (39.7 g/tonne) over 4.4 feet (1.4 m). This new vein is located on the 28th level of the Rice Lake Gold Mine and is parallel and offset by 65 feet (20 m) to the west of the high grade "93" vein (see press release dated March 22, 2007).
This discovery was made as a result of short hole drilling from the newly developing "93" vein workings. The intersection was from 64.3 feet (19.6 m) to 68.7 feet (21.0 m) and is expected to represent 90% to 95% of the true width of the vein at that point. Visible gold was observed in this intersection numerous times.
Mine development will begin shortly in order to access this vein and the exploration program continues in the search for new parallel veins within this high grade vein system. An update on the development of the high grade "93," "98" and "101" veins located on the 28th, 29th and 30th levels of the Rice Lake Gold Mine will be made available once the full strike lengths of these veins have been established.
The above programs were carried out under the supervision of D. Ginn, P.Geo., the Qualified Person for San Gold 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 metallics were performed on selected samples. Check assays were also performed on pulps and rejects by both TSL and by Accurassay Laboratories of Thunder Bay, ON.
For further information contact Dale Ginn, President of San Gold Corporation, at (204) 794-5818 or visit the company’s website at www.sangoldcorp.com.
Posted: Tuesday May 29 8:12:02AM 2007
SGR announced financing details. Stock is weak today as price erodes towards C$1 price of PP. Bobwins
Financing Type Special units
Gross Proceeds $10,000,000.00
Date Proposed May 28, 2007
Units Issued 10,000,000
Exercise Price $1.500
Expiry Date 24 months