ONTARIO – St Andrew Goldfields of Toronto says it is pleased with the initial assay results of its deep surface drill program at the Holt gold mine 45 km northeast of Kirkland Lake, ON. President and CEO Duncan Middlemiss called it “potentially the most significant discovery SAS has generated on the Holt property.”
The drilling targeted zone 4, with hole WE14-001 assaying 9.97 g/t Au (9.28 g/t cut) over 11.2 metres including 19.45 g/t over 4.6 metres (17.77 g/t cut). Other intersections in the same hole assayed 4.38 g/t over 22.9 metres, 8.92 g/t over 10.5 metres, and 7.89 g/t over 19.3 metres. The intersections were encountered from roughly 1,200 to 1,450 metres below surface.
SAS believes these intersections follow a westerly strike extension of the zone 4 and South zone mineralization. The mineralized material consists of a quartz breccia zone containing about 3% to 5% disseminated pyrite hosted within an altered mafic volcanic matrix. Visible gold was also encountered, although it is rarely seen in Holt samples.
Additional information about the Holt mine is available at SASGoldMines.com.