SureTrader SureTrader
Home > Boards > US OTC > Delisted >

St. Andrews Goldfields Ltd. (fka STADF)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Search This Board:
Last Post: 3/2/2016 3:19:37 PM - Followers: 11 - Board type: Free - Posts Today: 0

SAS reports annual 2013 production results of 99,548 ounces of gold

TORONTO, Jan. 9, 2014 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to report annual 2013 production of 99,548 ounces of gold from its Holt, Holloway and Hislop mines achieving the mid-range level of its 2013 guidance. Fourth quarter production ("Q4 2013") was in line with expectations, with 24,300 ounces produced.

"We are very proud of our team for achieving record production and within our stated 2013 production guidance of 95,000 - 105,000 ounces", said Duncan Middlemiss, President and Chief Executive Officer of SAS. "The Holt Mine continues to increase its production profile on an annual basis, and we look forward to the continuation of this trend. All required infrastructure is in place and with the development of Zone 6, additional production flexibility will be enabled. We look forward to delivering on our objectives in 2014, with the same vigor as in previous years."

Q4 and Annual 2013 Production Results

Milled Head Grade
(g/t Au) Average Mill
Recovery Rate Gold Produced
Holt 81,791 5.42 95.2% 13,579
Holloway 47,960 4.13 88.9% 5,654
Hislop 98,293 1.96 81.6% 5,068
Q4 2013 Production 228,044 3.66 90.6% 24,300
Annual 2013 Production 879,759 3.85 91.3% 99,548

Note: Columns may not add due to rounding

Holt Mine ("Holt")
Holt produced 13,579 ounces of gold derived from Zone 4 on the 925m Level and 1075m Level mining areas and Zone 6 on the 775m Level. Production was down approximately 20% from the previous quarter due to scheduled hoist motor and hoist drive upgrades performed during the quarter. This improvement will provide additional future hoisting capacity and increased reliability. Head grade during the quarter was 5.42 g/t Au, and mill recoveries were at their expected level of approximately 95%.

Holloway Mine ("Holloway")
Holloway produced 5,654 ounces of gold, mostly from the Smoke Deep Zone with minor contributions from the Lightning Zone. The mill recovery rate of approximately 89% was slightly below expectations due to challenging mineralogical conditions in the areas mined during the quarter. Ongoing development work continues to provide access for additional areas within the Smoke Deep Zone.

Hislop Mine ("Hislop")
Hislop produced 5,068 ounces of gold in Q4 2013. The head grade averaged 1.96 g/t Au, which was less than the reserve grade for the mine (2.16 g/t Au), primarily due to the transition to the west pit and weaker grades in the initial benches. Mill recovery for Hislop during the quarter averaged approximately 82%, due to the processing of a significant amount of ore containing a fine gold size fraction.

The Company invites you to participate in the upcoming conference call to discuss its fourth quarter and year-end financial and operating results for 2013. The conference call will take place on Friday, February 14, 2014 at 10:00 AM EST. SAS' fourth quarter and year-end financial results will be released after market on Thursday, February 13, 2014.

Participants may join the call via webcast at A playback will be available via the website and will be posted within 24 hours of the call.

Qualified Person
Production at the Holt, Holloway and Hislop mines, processing at the Holt Mill, and mine development and production activities at the operations are being conducted under the supervision of Marc-Andre Pelletier, P. Eng., the Company's General Manager of Operations. Mr. Pelletier is a qualified person as defined by National Instrument 43-101, and has reviewed and approved this news release.

About SAS
SAS (operating as "SAS Goldmines"), is a gold mining and exploration company with an extensive land package in the Timmins mining district, north-eastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada.

SAS owns and operates the Holt, Holloway and Hislop mines. The Company is also advancing the Taylor Project and is conducting an aggressive exploration program across 120km of land straddling the Porcupine-Destor Fault Zone.

For further information about St Andrew Goldfields Ltd., please contact:
Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437; Website:

#102   Good for you - for You STADF you NYBob 03/02/16 03:19:37 PM
#101   I still have some along with PAAS and goforthebet 03/02/16 11:45:55 AM
#100   Goforthebet, if you held on to your St. NYBob 03/02/16 11:24:43 AM
#99   $GOLD Breakout - taken out the past year NYBob 03/02/16 11:19:20 AM
#98   SUPERMAN thank you, well Kirkland Lake Gold has NYBob 02/26/16 12:57:45 AM
#97   How did this work out? $UPERMAN 02/25/16 11:00:43 PM
#96   St Andrew Goldfields shareholders approve Plan of Arrangement NYBob 01/29/16 11:47:58 PM
#95   STADF: Holders of St Andrew Shares received 0.0906 Renee 01/29/16 05:31:32 PM
#94   Kirkland Lake Gold Reports Positive Earnings And Free NYBob 12/31/15 11:51:41 AM
#93 NYBob 12/10/15 01:51:34 AM
#92   Kirkland Lake Gold Creates An Ontario-Focused Intermediate Gold NYBob 12/04/15 10:20:49 AM
#91   Kirkland Lake Gold Creates An Ontario-Focused Intermediate Gold NYBob 12/02/15 12:34:00 PM
#90   $STADF recent news/filings stocktrademan 11/14/15 02:59:34 PM
#89   ConferredDiligence welcome to St. Andrews Goldfields (STADF :-) - NYBob 10/28/15 01:16:00 PM
#88   Latest SA article, very bullish on this one: ConferredDiligence 10/12/15 08:27:32 AM
#87   Below Me thank you - NYBob 10/02/15 12:05:05 PM
#86   St Andrew Goldfields (STADF) NYBob 09/25/15 04:32:32 PM
#85   Thank you for alerting me long ago. Go STADF $UPERMAN 09/08/15 05:10:25 PM
#84   that may happen to much more banks, or goforthebet 09/05/15 02:45:15 AM
#83   ABANDONED federal gold exchange BANK ( FOUND VAULT NYBob 09/04/15 05:22:32 PM
#82   well, hope I will still be alive when goforthebet 09/04/15 02:53:49 PM
#81   Bill Holter is back and he says ‚ÄúSomething NYBob 09/04/15 02:15:59 PM
#80   this gold price is a joke after the goforthebet 09/04/15 02:05:59 PM
#79   Gold demand to surge by 70 per cent NYBob 09/04/15 01:17:07 PM
#78   SAS reports 2015 second quarter results - strong NYBob 08/20/15 02:22:01 PM
#77   First Analyst Coverage By Mackie, TSX:SAS Earns Buy Rating ConferredDiligence 08/20/15 01:07:31 PM
#76   Nice buy side volume today, this one is ConferredDiligence 08/17/15 03:56:16 PM
#75   Plan for Surviving Gold's Summer of Discontent NYBob 08/12/15 10:34:53 AM
#74   Bob, I really hope we can still go ConferredDiligence 07/13/15 10:39:04 AM
#73 www.kitconet.c NYBob 07/06/15 01:27:25 PM
#72   $60,000 Gold May Be Laughably Low -Bill Holter NYBob 05/28/15 03:31:51 PM
#71   Hi bob, I would be happy to see goforthebet 05/26/15 04:18:42 AM
#70   $64,000.00/oz coming soon - ? - NYBob 05/25/15 04:21:13 PM
#69   I did Divdude. at .20 :-) geodan 05/11/15 05:59:03 PM
#68   STADF up huge, 7 days in a row :-) geodan 05/11/15 05:57:56 PM
#67   Anyone conintuing to add shares of STADF? Dividend_dude 04/20/15 09:32:20 AM
#66   SAS Reports Q1 2015 Production of 23,727 Ounces NYBob 04/15/15 04:58:44 PM
#65   Taylor - 64,000 oz/year - NYBob 03/10/15 01:15:11 AM
#64   sounds very good goforthebet 02/13/15 07:05:28 AM
#63   SAS reports 2014 fourth quarter and year end NYBob 02/12/15 05:56:27 PM
#62   sounds great!! goforthebet 02/02/15 01:47:46 PM
#61   SAS releases preliminary results of the second bulk NYBob 02/02/15 01:24:46 PM
#60   nice move yesterday :) goforthebet 01/10/15 05:26:28 AM
#59   St Andrew Goldfields Ltd. (SAS) NYBob 01/09/15 10:22:08 PM
#58   ST. ANDREW GOLDFIELDS (TSX:SAS) - NYBob 01/08/15 04:32:01 PM
#57   Happy 2015 - St. Andrews Goldfields - Presentation - NYBob 01/08/15 03:46:38 PM
#56   Happy 2015 - Mac143 welcome to St. Andrews NYBob 01/08/15 03:43:01 PM
#55   Happy 2015 Mac143 12/31/14 04:05:26 PM
#54   Update: St. Andrew Goldfields Q3 Financials goforthebet 11/17/14 09:09:13 AM
#53   Denver Gold Show 2014 - SAS participate in NYBob 10/17/14 08:02:23 PM