GOLD: SAS declares commercial production at Taylor

ONTARIO – Toronto’s St Andrew Goldfields (SAS) has declared commercial production at the Taylor gold mine 53 km east of Timmins. Output from the mine is anticipated to be 40,000 to 40,000 oz in 2016. This year the Taylor mine will contribute 10,000 to 15,000 oz of gold, bringing total guidance up to between 100,000 and 110,000 oz. SAS’s other producing mines are  the nearby Holt and Holloway. Taylor consists of three deposits situated immediately south of the Porcupine Destor Fault – the Shaft zone on the eastern side, the West Porphyry zone that contains the majority of the reserves and resources in the middle of the property, and the Shoot zone situated on the west side of the property. At the end of 2014, probable reserves stood at 774,000 tonnes grading 6.27 g/t Au or 156,000 oz. All three zones remain open along strike and at depth. Click here for information about the geology of the Taylor gold mine.