ONTARIO – Drilling of the Smoke Deep zone at the Holloway gold mine near Timmins is returning half-ounce and better assays, reports owner St Andrew Goldfields (SAS) of Toronto. Highlights of recent assays include 17.58 g/t Au over 6.4 metres, including 23.27 g/t over 4.2 metres.
The Smoke Deep zone lies between the Lightning zone to the west and the Blacktop zone to the east. It is believed to measure at least 500 metres along strike and 300 metres down dip. Moreover, it is open along strike to the east and down dip. Gold-bearing mineralization occurs in highly silicified and albitized mafic volcanic rocks that contain approximately 5% disseminated pyrite. Gold mineralization is similar to the neighbouring Lightning zone and occurs at the intersection between the east-west trending Porcupine-Destor Fault zone and the east-northeast trending high strain zone.
See a drillhole map at http://media3.marketwire.com/docs/Smoke-Deep-Drilling-08Feb10.pdf or on the company website (www.SASGoldMines.com/s/NewsReleases.asp).