MANITOBA — San Gold Corp. of Bissett reports that a step out hole from surface encountered the highest grade intersection to date in the Hinge zone. Drill hole GS-09-63 cut 207 g/t (6.05 opt) Au over 2.3 metres in the target No.4 zone. This intersection is located slightly below and about 50 metres along strike from the current western Hinge ore development face, said the company.
This zone remains open along strike to the northeast and to the southwest as well as at depth. Two drill rigs continue to define the known Hinge zones, a third drill rig is searching for parallel veins to the north, and a fourth drill has is drilling on the next Hinge-like target axis located approximately 1,000 metres to the east of the known Hinge zones. The currently known zones are located approximately 1.5 km northeast of San Gold's operating Rice Lake mine and mill and occur within San Gold's fully permitted mine lease.
San Gold CEO Dale Ginn commented, "We are extremely pleased that drilling which was designed to extend and confirm extensions of the Hinge zone has generated a result that is comparable to the Goldcorp Red Lake High Grade zone located 80 kilometres to the east of us. The largest difference being in the shallow depth of discovery of San Gold's Hinge zone and immediate accessibility by our ongoing development program."
An updated longitudinal section with development and drilling to date, as well as a plan view is available on San Gold's website, www.SanGoldCorp.com.
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