GOLD: SAS provides update on Taylor project

ONTARIO – St Andrew Goldfields (SAS) of Toronto continues to advance its Taylor gold project 53 km east of Timmins with the extraction of a 15,000-tonne bulk sample last year. The material was taken from the 1008 lens in the upper part of...

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ONTARIO – St Andrew Goldfields (SAS) of Toronto continues to advance its Taylor gold project 53 km east of Timmins with the extraction of a 15,000-tonne bulk sample last year. The material was taken from the 1008 lens in the upper part of the West Porphyry zone. The sampling program provided the opportunity to test the mining method and gather information to confirm the geological block model.

The bulk tonnage was fed through a sampling tower in Q1 2013. The samples were assayed, more drilling was done, and structural and geochemical analyses were conducted. SAS said the additional information indicated that the orientation of the 1008 lens is different than that of the block model. The structural analysis showed the lens to be in a much more complex geological environment than previously thought.

Earlier this year the company processed about 8,500 tonnes of the bulk sample grading 2.65 g/t Au, and 686 oz of gold were recovered. Mill recovery, at 95.2%, was higher than expected.

SAS is advancing the ramp to accommodate drilling of the 1004 lens at a lower depth. This lens will provide a second bulk sample. Approximately 91% of the known reserves are located in the lower part of the deposit.

The company says the results of the 1004 lens drill program and the price of gold will determine how quickly the Taylor project advances. In the meantime, see SASgoldmines.com for a detailed description and history of the Taylor property.

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