MANITOBA – SAN GOLD CORP., headquartered in Bissett, Man., has discovered a fourth new high-grade vein in the Hinge zone 1,500 metres north of its Rice Lake gold mine. The Hinge No.4 vein is to the north and parallel to the previously discovered zones. Drilling intersected a 1.6-metre section with visible gold that assayed 60.6 g/t Au in the vein. There were also multiple deeper intersections in what the company is calling a “breccia vein”.
To date a total of at least four subparallel new veins have been discovered in the Hinge area, as well as numerous uncorrelated breccia zones within 100 to 300 metres of surface. Two diamond drills are currently drilling in the Hinge area.
The earlier discoveries are outlined in news releases dated Jan. 15 and Feb. 19, 2008. They are available at www.SanGoldCorp.com. The website also contains a location map, cross-sections of the new discovery and pictures of the Hinge zone drill core.