San Gold Corporation (SGRCF)

[goldenpolarbear]

Acquired the Rice Lake mine and mill in Manitoba, Canada

* Received Environmental Assessment at Fire Creek
* Secured $25 million revolving credit facility
Additional Objectives
* Reserve update – Q3 2016

* Rice Lake production decision – H2 2016..."

http://www.klondexmines.com/i/pdf/ppt/KDX-Q4-and-Full-Year-2015-Conf-Call_Final.pdf

http://www.sangold.ca/s/Ops.asp?ReportID=402509

"...RICE LAKE UPDATE
Management Action Plan
• Focused on producing new Klondex resource estimate
• In-fill drilling areas to support new reserve (710/711)
• Develop new mine plan focused on minimizing dilution to improve grade
http://www.ctvnews.ca/business/klondex-buys-idled-rice-lake-gold-mine-for-us-32m-1.2704002

• Production decision expected in H2 2016..." http://www.klondexmines.com/s/news.asp?ReportID=737560#sthash.XBDTS8Ni.dpbs