MANITOBA – Winnipeg-based San Gold Corp. has discovered several new zone along its Shoreline Basalt host unit, close to its Rice Lake mining complex at Bissett. "Very encouraging" results were returned from each of four new zones.
Hole JH-13-060 in the 6163 zone returned 7.0 g/t Au over 10.1 metres at a depth of 574 metres. Within that core was a shorter instersetion that assayed 94.6 g/t over 0.3 metres. The 6163 zone is located between the Hinge zone to the west and the 007 zone to the east, only 100 metres from the Hinge zone development and accessible via the existing decline.
The other three zones occur in the hanging wall or immediately north of nearby mine infrastructure. Hole AB-13-001 in the Scout zone returned 12.4 g/t Au over 4.3 metres at a depth of 461 metres. A shallower intersection, at 291 metres, returned 13.6 g/t over 2.2 metres. Hole TP-13-007 in the L13 extension assayed 47.1 g/t Au over 0.2 metres within an intersection of 4.8 metres that averaged 4.5 g/t. In the 334 zone at a depth of 175 metres, hole UR-12-006 cut 11.6 g/t Au over 2.8 metres and hole UR-12-003 cut 5.2 g/t over 3.1 metres.
San Gold says it believes that the local gold bearing veins developed in competent lithological units such as the San Antonio Mine (SAM) Unit and Shoreline Basalt Unit, specifically where those units are cut by east-northeast trending shear zones and associated conjugate northwest trending shears. The company's analysis also revealed that significant mineralization is present at locations along these same shear zones where folding or dilation occurs within the surrounding volcanic host rock or proximal to any favorable lithogical unit.
Please visit the website at SanGold.ca.
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