MANITOBA The owner of the Rice Lake gold mine near Bissett, SAN GOLD CORP., is making plans to develop the 98 vein, recently uncovered on the 29th level (1,340 m below surface). Face sampling of the drift and raise development along the vein indicates a diluted grade of 35.6 g/t Au over a strike length of 91.5 m and an average true width of 1.8 m. Coarse, visible gold was “commonplace” along the vein.
San Gold says that development of the 98 vein is considered to be significant in that it indicates that the mine and area hold the potential for additional high grade discoveries in areas that already have underground access.
The 98 vein is a shear hosted tabular quartz vein at the eastern-most edge of the 29th level. It was partially developed in the 1960s, but San Gold has recently completed over 100 m of lateral and raise development in preparation for mining. The vein was estimated in 2004 to contain approximately 90,000 tonnes of 12.0 g/t Au material.
San Gold maintains its website at www.SanGoldCorp.com.