San Gold Corporation (SGRCF)

[goldenpolarbear]

"...Development Highlights:
- Rice Lake Project has completed 83 days without a Loss Time Incident.
- The notice to recommence mining and milling operations was approved by the Director of Manitoba Mineral Resources in March, 2016.

- Shaft Project Complete - 100% of the guides have been replaced.
- Track Repair Ongoing - Approximately 1,500 of track has been ditched and repaired at the 2600 level; project is ~55% complete.

- Initiated testing of narrow vein long hole design to reduce dilution.
- New underground shop and new gear storage cut-outs are 80% complete.
- Initial metallurgical testing on existing tailings indicate the tailings can be processed through the existing mill flow sheet.

Mr. Paul Huet, President and CEO commented, "Our progress at the Rice Lake Mine has proceeded better than expected. The results of the Q4 2014 drill program noted above are very encouraging and suggest the opportunity for new high grade discoveries at Rice Lake." Mr. Huet continued, "Our progress in refurbishing the track and the shaft is on budget and on schedule and we are excited about the successful testing of long hole stoping at the mine. We continue to expect to be in a position to announce a production decision in the second half of this year, and we remain grateful to be part of such an exceptional and supportive mining community in Bissett."...."

http://www.marketwired.com/press-release/klondex-update-on-rice-lake-development-activities-tsx-kdx-2114862.htm

http://www.northernminer.com/subscribe-login/?id=1003739477