DAILY NEWS Nov 26, 2012 4:00 PM - 0 comments

GOLD: San Gold drills 15.5 g/t over 11.1 metres

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MANITOBA – Approximately 235 km northeast of Winnipeg, the Rice Lake gold project belonging to San Gold Corp. of Bissett, MB, keeps returning long and strong drilling intercepts. Hole 607-12-048 in the 710 lens intersected several good sections including 15.5 g/t Au over 11.1 metres and 12.0 g/t over 6.0 metres. Included in the second section is a 1.1-metre core assaying 62.3 g/t Au.

The 710 lens is located within the Shoreline basalt mining unit, adjacent existing infrastructure, and has been delineated between 1,100 and 1,300 metres below surface with a strike of approximately 200 metres. The company is currently developing access to the 710 lens and anticipates mining operations to begin in early 2014.

"These results emphasize the down dip potential of these deposits, none of which have yet been tested below 1,500 metres. While we continue to aggressively develop the deposits located near surface, these results indicate that we are still only beginning to see the full potential of this property," said Sand Gold president and CEO George Pirie.

Visit SanGold.ca and take a 3-D tour of the Rice Lake project.

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San Gold Corporation

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