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GOLD EXPLORATION NEWS Clavos Project Advances

TIMMINS, Ontario ST ANDREW GOLDFIELDS of Oakville, Ont., is proceeding with advanced exploration at its Clavos pr...



TIMMINS, Ontario ST ANDREW GOLDFIELDS of Oakville, Ont., is proceeding with advanced exploration at its Clavos property, 10 km north of its Stock gold mine and mill near here. The $9.7-million contract for the work has been awarded to Dumas Contracting of Timmins.

The Clavos project consists of a decline ramp, exploration development program and an underground drill program. This program will test the continuity of the mineralization, provide metallurgical samples for testing, and provide underground access for further drilling and evaluation.

The contract covers an 1,800-metre-long 5-metre by 4-metre, 16 ramp. It will intersect the Clavos deposit about 100 metres below surface and then continue another 1,000 metres to a final depth of 275 metres. Exploration development will take place at the 100 metre, 150 metre, 200 metre and 250 metre elevations below surface. An 8,000-metre underground drill program is planned concurrent with the exploration development to upgrade the Clavos resource base both in terms of resource category and additional resource tonnage.

St Andrew has completed site access, site infrastructure construction including sediment settling pond, waste dump and ore stockpile pads, site buildings and utilities. The ramp portal is being excavated and the development of the decline below the brow of the portal should begin by mid-February, 2004.

The Clavos property has indicated resources of 753,000 tonnes at 7.3 g/t Au and inferred resources of 452,000 tonnes at 9.0 g/t Au, using a 6.5-g/t cut-off grade. Details on the Clavos project and other St Andrew undertakings are available at www.standrewgoldfields.com.


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