ONTARIO - ST ANDREW GOLDFIELDS is pressing ahead with exploration at is Stock gold complex 50 km east of Timmins. The project consists of activities at the Clavos, Stock and Taylor mines.
The Clavos decline ramp has reached its final depth, and drifting on three underground levels is complete. Delineation drilling, sampling and mapping should be completed in June, at which time St Andrew believes it will have outlined sufficient resources to support a 700-tonne/day mine. Construction has started on a ventilation raise system, underground settling ponds, and the electric power system for the planned mine.
St Andrew has an extensive delineation drilling, sampling and development program underway at the Stock gold mine below the 8th level development. The company hopes to begin mining again at a rate of 250-300 tonnes of ore daily in the second half of this year.
Permitting, engineering and planning for the development of the Taylor mine project and the upgrade of the Stock mill to treat the additional ore are continuing. An advanced exploration program on the Taylor project is expected to begin in the 4th quarter of 2005. The capacity of the mill will have to be increased to 2,300 tonnes/day from 1,300 t/d to treat ore from the Taylor mine.
St Andrew also has an underground exploration program underway at its Nixon Fork gold property in Alaska. The company has begun the permitting process which will allow commercial operations at the mine. Detailed engineering and design is underway to upgrade the mill and to begin a tailings retreatment operation in the middle of this year.
The latest news is posted at www.StAndrewGoldfields.com.
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