MANITOBA – Gold grades at the Rice Lake mine at Bissett could hardly be better. SAN GOLD reports that it has made a new high grade discovery – 113 g/t Au over 1.5 metres. Based on a revised geological model, the current drill program is testing the footwall side of the host unit at higher elevations of the mine.
Besides the high-grade results, San Gold said other holes returned 14.1 g/t Au over 2.9 metres and 9.9 g/t over 2.4 metres.
San Gold says its geological work has focused on the structural component of the deposition of the gold-bearing veins as being the primary reason for their location. Former operators and explorers had focused on the hanging wall or north portion of the host gabbro unit due to a belief that a slight chemical change in the host unit contributed to a greater concentration of veining and gold mineralization on the hanging wall side versus the footwall or south side. San Gold and consulting geologists now believe that the vein deposition is mainly structural in nature and should be prospective throughout the entire 200-metre-thick host unit. The result of this profound change in interpretation is that the entire thickness of the host unit from surface to maximum mine depth (currently over 1.9 vertical kilometres) becomes prospective for veining and gold mineralization.
Go to www.SanGoldCorp.com to view the company’s updated fact sheet.