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Thank You
I changed "my stocks", from SGR, to SGRCF. I didnt realize there were two boards for the same company. I have looked at some of the links you have provided. May delve into this a little more soon. GLTY
buddhabelly2 welcome to San Gold Corporation (TSX:SGR)
good to see you @ SGR -
following mark #2 to you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89257986
God Bless
San Gold Corporate Presentation -
http://www.sangold.ca/s/Presentations.asp?ReportID=463930&_Type=Presentations&_Title=San-Gold-Corporate-Presentation
http://www.sangold.ca/i/pdf/corporate_presentation.pdf
http://www.sangold.ca/s/Webcasts.asp
http://www.sangold.ca/s/Home.asp
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88470786
http://solutions.standardandpoors.com/NASApp/WS/EntryServlet?pc=IVS&tracking=IVSSAN_GOLD_CORPORATION&auth=user&pagename=encrStockReportHTML&company=177030039254065140098146088091205160246224162114
SGR Why $50,000 Gold?
http://www.jsmineset.com/2013/04/19/why-50000-gold/
http://www.biblebelievers.org.au/monie.htm
http://www.biblebelievers.org.au/monie.htm
God Bless
Ps.
http://beforeitsnews.com/obama-birthplace-controversy/2013/02/breaking-news-u-s-federal-court-hits-president-barack-hussein-obama-with-three-charges-of-abuse-of-office-2455332.html
http://www.youtube.com/watch?v=Ym4TTmOJ4I8
San Gold Corporate Presentation
http://www.sangold.ca/s/Presentations.asp?ReportID=463930&_Type=Presentations&_Title=San-Gold-Corporate-Presentation
http://www.sangold.ca/i/pdf/corporate_presentation.pdf
http://www.sangold.ca/s/Webcasts.asp
http://www.sangold.ca/s/Home.asp
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88470786
http://solutions.standardandpoors.com/NASApp/WS/EntryServlet?pc=IVS&tracking=IVSSAN_GOLD_CORPORATION&auth=user&pagename=encrStockReportHTML&company=177030039254065140098146088091205160246224162114
SGR Why $50,000 Gold?
http://www.jsmineset.com/2013/04/19/why-50000-gold/
http://www.biblebelievers.org.au/monie.htm
God Bless
WINNIPEG, MANITOBA--(Marketwire - March 6, 2013) -
THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES.
San Gold Corporation (SGR.TO)(SGRCF) (the "Company") today announced that it has closed its previously announced bought deal offering (the "Offering") of 8.00% convertible unsecured subordinated debentures due March 31, 2018 (the "Debentures") of the Company with a syndicate of underwriters (collectively, the "Underwriters") co-led by Scotiabank and CIBC, and including BMO Capital Markets, TD Securities Inc., Dundee Securities Ltd., National Bank Financial Inc. and Mackie Research Capital Corporation. At the closing of the Offering, the Company issued $50,000,000 aggregate principal amount of Debentures.
The Debentures will trade on the Toronto Stock Exchange under the symbol "SGR.DB".
The Debentures mature on March 31, 2018 (the "Maturity Date"), unless earlier redeemed, and bear interest, accruing, calculated and payable semi-annually in arrears on March 31 and September 30 of each year, at a rate of 8.00% per year. The Debentures are convertible at the holder's option into common shares ("Common Shares") of the Company at any time prior to the close of business on the earlier of the Maturity Date and the business day immediately preceding the date fixed for redemption of the Debentures at a conversion price of C$0.50 per Common Share, subject to adjustment in certain circumstances.
The Debentures are direct unsecured obligations of the Company ranking subordinate to all liabilities except liabilities, which by their terms rank in right of payment equally with or subordinate to the Debentures. The Debentures will rank pari passu with all subordinate indebtedness issued by the Company from time to time, to the extent subordinated on the same terms.
The net proceeds of the offering will be used to fund continued development of the Company's mineral properties, in particular the Rice Lake Complex, and for general working capital purposes.
The Underwriters have been granted an over-allotment option to purchase up to an additional $7,500,000 aggregate principal amount of Debentures, exercisable in whole or in part at any time up to 30 days from the date hereof. This over-allotment option has not been exercised as at the time of this press release.
These securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Rice Lake Project has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, modern surface infrastructure including a licensed tailings management facility, and is connected to the Manitoba power grid system. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on the Company, please visit www.sangold.ca.
Cautionary Note
This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
..Contact:.
.San Gold Corporation
Dale Ginn, P.Geo
Qualified Person and Executive Vice Chairman
Toll Free: 1 (855) 585-4653
info1@sangold.ca
San Gold Corporation
George Pirie
President and CEO
Toll Free: 1 (855) 585-4653
info1@sangold.ca
San Gold Corporation
Manish Grigo
Director Investor Relations
Toll Free: 1 (855) 585-4653
info1@sangold.ca
www.sangold.ca
SGR Why $50,000 Gold?
http://www.jsmineset.com/2013/04/19/why-50000-gold/
GATA Chairman Bill Murphy was interviewed by Canadian journalist
Bridgette Anderson on Sunday at Cambridge House's World Resource
Investment Conference in Vancouver.
The interview is nine minutes long and
is posted at YouTube here:
San Gold Corp (SGR)
0.2 ? -0.035 (-14.89%)
Volume: 2,062,500 @ 3:59:59 PM ET
Bid Ask Day's Range
0.19 0.2 0.185 - 0.21
TSX:SGR Detailed Quote Wiki
San Gold Provides Update on Rice Lake Activities:
Resource Estimation, Mine Development and Production,
Guidance and Exploration
WINNIPEG, MANITOBA--(Marketwire - Feb. 8, 2013) -
San Gold Corporation
(the "Company") (TSX:SGR)(OTCQX:SGRCF) announces an updated mineral
resource and mineral reserve estimate, 2012 production results with
guidance for 2013 & 2014 and an exploration update for the
Company's 100% owned Rice Lake Mining Complex (the "Property")
located in Bissett, approximately 235 kilometres northeast of
Winnipeg, Manitoba, Canada.
The Property has a permitted, modern gold mill currently processing
ore at a capacity of 2,500 tons per day, as well as modern surface
infrastructure, including a licensed tailings management facility
and is connected to the Manitoba power grid system.
Highlights
Proven and Probable mineral reserves of 253,000 ounces, an increase
of 21% from March 31, 2012 (an increase of 75% after accounting for
mined ounces).
Measured and Indicated mineral resources of 655,000 ounces, an
increase of 17% from March 31, 2012 (an increase of 32% after
accounting for mined ounces).
Highest ever production in 2012 of 86,506 ounces of gold, an
increase of 17% over 2011.
Milling capacity was significantly increased during the year
to 2,500 tons per day from 2,000 tons.
Continued exploration success along the depth extension of the 007
zone that returned 12.6 g/t gold over 6.0 metres and
15.5 g/t gold over 11.1 metres.
Development Outlook for 2013
The objective of the development program, from 2013 onwards,
is to increase mine production to match the current mill capacity.
Development will take place within the Property in four main areas,
on 26 Level, 16 Level, A-Shaft of the Rice Lake mine and within
other active mining areas of the 007, Hinge, Cohiba and L13
deposits. (refer to Figures 1&2 on projected timelines)
On 26 Level of the Rice Lake mine, the Company is driving a 150
metre drift, to begin definition drilling of the 007 deposit, and
a 300 metre access drift to allow mining of the 710 deposit.
Mining in this region is targeted to begin in early 2014.
On 16 Level of the Rice lake mine, the Company is constructing a new
A-Shaft ore handling system and 1,200 metres of tracked haulage
drifts to access the Hinge district from 720 metres below surface.
Development work will continue in 2014 to access the 007 deposit.
Mining is targeted to begin in early 2014 in the Hinge district,
with operations commencing in the 007 deposit later in the year.
A-Shaft is being reconfigured with new ropes, guides, drum, and
skips in anticipation of increased production from the 16 and 26
levels.
Once complete, A-Shaft is expected to have up to 2,500 tpd capacity
from 26 Level and 3,000 tpd capacity from 16 Level.
Within the active mining regions, the Company is planning 6,800
metres of development to provide access for mining operations,
drill stations, services, and ventilation.
Once the development is complete, the operations team will have
access to multiple faces, which will lead to significantly higher
production rates and lower cash costs per ounce.
2012 Preliminary Operating Results
The Company is also pleased to announce highest ever production in
2012 of 86,506 ounces of gold with approximately 16,370 tons of ore
remaining in surface stockpiles at year end.
Overall, the Company produced 17% more gold in 2012 compared with
the 74,280 ounces of gold produced in 2011. Production levels
decreased marginally during the fourth quarter and lower than
planned grades were realized in several stoping blocks at the 007
mine.
Additionally, grades were lower due to an increased focus during
the quarter on ore development work.
Gold production was 19,019 ounces during the fourth quarter
resulting in gold production of 86,506 ounces for the year.
For the quarter, 168,088 tons were milled resulting in a total of
629,279 tons for the year.
171,351 tons were mined during the quarter resulting in a
total of 615,142 tons mined for the year.
Average feed grade during the quarter was 4.22 grams per tonne
gold (0.123 opt) resulting in an average feed grade of
approximately 5.07 grams per tonne gold (0.148 opt) for the year.
Mill recovery during the quarter was 92.6% resulting in an
average recovery of 93.1% for the year.
MINERAL RESOURCE AND RESERVE ESTIMATE
http://tmx.quotemedia.com/article.php?newsid=57859033&qm_symbol=SGR
The following table provides a detailed summary of the Company's mineral resources and mineral reserves, as of December 31, 2012. A detailed technical report has been filed on SEDAR.
Mineral Reserves
Tons Gold Grade Insitu
oz/ton (g/tonne) ounces
Rice Lake Mine
Proven Reserves 47,400 0.20 (6.90 ) 9,500
Probable Reserves 327,300 0.18 (6.26 ) 59,800
Proven and Probable 374,700 0.18 (6.34 ) 69,300
Hinge District
Proven Reserves 37,800 0.14 (4.87 ) 5,400
Probable Reserves 344,800 0.11 (3.78 ) 38,000
Proven and Probable 382,600 0.11 (3.88 ) 43,400
007 Zone
Proven Reserves 254,200 0.18 (6.24 ) 46,200
Probable Reserves 478,800 0.13 (4.58 ) 63,900
Proven and Probable 733,000 0.15 (5.15 ) 110,100
Hanging Wall Zones (Cohiba, Cartwright L13)
Proven Reserves 37,600 0.14 (4.69 ) 5,200
Probable Reserves 171,200 0.14 (4.93 ) 24,600
Proven and Probable 208,800 0.14 (4.89 ) 29,800
Normandy Shear (SG1, SG2, SG3)
Proven Reserves - - - -
Probable Reserves - - - -
Proven and Probable - - - -
Total Project
Proven and Probable 1,699,200 0.15 (5.10 ) 252,600
Mineral Resources
Tons Gold Grade Insitu
oz/ton (g/tonne) ounces
Rice Lake Mine
Measured Resource 226,300 0.24 (8.21 ) 54,200
Indicated Resource 770,200 0.24 (8.07 ) 181,200
Measured and Indicated 996,500 0.24 (8.10 ) 235,400
Inferred Resource 1,709,800 0.29 (9.80 ) 488,500
Hinge District
Measured Resource 96,200 0.16 (5.65 ) 15,900
Indicated Resource 480,900 0.13 (4.50 ) 63,000
Measured and Indicated 577,100 0.14 (4.69 ) 78,900
Inferred Resource 1,564,300 0.13 (4.48 ) 204,500
007 Zone
Measured Resource 225,000 0.24 (8.18 ) 53,700
Indicated Resource 868,800 0.15 (5.11 ) 129,600
Measured and Indicated 1,093,800 0.17 (5.75 ) 183,300
Inferred Resource 8,513,300 0.14 (4.89 ) 1,214,700
Hanging Wall Zones (Cohiba, Cartwright L13)
Measured Resource 39,100 0.16 (5.57 ) 6,400
Indicated Resource 336,100 0.19 (6.55 ) 64,200
Measured and Indicated 375,200 0.19 (6.45 ) 70,600
Inferred Resource 3,508,900 0.19 (6.64 ) 679,700
Normandy Shear (SG1, SG2, SG3)
Measured Resource - - - -
Indicated Resource 387,300 0.22 (7.70 ) 86,900
Measured and Indicated 387,300 0.22 (7.70 ) 86,900
Inferred Resource 1,220,800 0.22 (7.44 ) 265,000
Total Project
Measured and Indicated 3,429,900 0.19 (6.55 ) 655,100
Inferred Resource 16,517,100 0.17 (5.92 ) 2,852,500
NOTES TO MINERAL RESOURCE AND MINERAL RESERVE ESTIMATE TABLE:
Mineral resource and mineral reserve estimates are in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, 2010.
Tonnage and in situ ounce estimates have been rounded to the nearest hundred.
Proven and probable mineral reserves are included in the measured and indicated mineral resources.
The mineral reserve estimate is based on a 2.7m (9ft.) minimum mining width, a SG 2.7 to 2.8 (tonnage factor of 11.4 ft3/ton), a gold price of US$1,300 - US$1,500 per ounce (100% exchange) and a 93% mill recovery.
A 3.55-4.09 g/tonne (0.10-0.12 ounce/ton) cut-off grade has been applied to deposits accessed from the Rice Lake mine shaft, while a 3.00-3.47 g/tonne (0.09-0.10 ounce/ton) cut-off grade has been applied to deposits accessed via the Hinge/007 ramp.
Assays were capped at 102.9 g/tonne (3.0 ounces/ton) for drill holes and chip samples.
Inferred mineral resources are not in the current mine plan and therefore do not have demonstrated economic viability.
The mineral resource and mineral reserve estimate as of December 31, 2012 was prepared under the supervision of Dale Ginn, P.Geo., and Michael Michaud, P.Geo., Qualified Persons within the meaning of National Instrument 43-101.
The data in this table was prepared by the Company's geology and engineering teams led by: Chief Geologist, Doug Berthelsen (P.Geo); Chief Engineer, Joe Hunter (P.Eng); Senior Resource Geologist, Shawn Horte and Resource Geologist, Jonna Deutscher.
Outlook
The Company is providing preliminary guidance of between 85,000 to 95,000 ounces of gold with cash costs of under $800 an ounce for 2013; 95,000 to 105,000 ounces of gold for 2014 and 105,000 to 115,000 ounces of gold for 2015. The Company continues to focus on its higher margin, near surface mines with minimal production from its Rice Lake mine where development activities are taking precedence. The Rice Lake mine is scheduled to recommence normal production levels in late 2014 to early 2015; when it is expected to become an important contributor to production growth. Historically, the Rice Lake mine has accounted for 20% of overall production. The Company is forecasting annual capital development costs in the range of $45-$55 million for the years 2013 and 2014.
"2013 will mark another significant step forward in the evolution of the Rice Lake Mining Complex by extending operational access beneath the current mining areas at the 007 and Hinge mines, which have combined resources capable of sustaining production for the next ten to fifteen years. This development will provide the drill platforms we need to increase mineral reserves for long-term mine planning and will also provide access for continued exploration of targets located along strike from known deposits at depth. We continue to be excited about the resource potential at depth as recent drill results below 26 Level confirms continuity of the geological structures," said San Gold President and Chief Executive Officer, George Pirie.
2013 Exploration Program
Exploration activities in 2013 will continue to focus on definition and extension at the known zones and exploration drilling at other advanced targets on the mineral lease and in the surrounding Rice Lake area with a planned budget of $17 million that includes approximately 130,000 metres of core drilling. The highlights of the 2013 exploration program are as follows:
Surface drilling at the Normandy Creek, SG1 and SG3 zones located east of the 007 zone to better define the mineral resource and possible extensions that have the potential to add to the current mineral resource base and provide incremental feed to the mill at some future time;
Continue to refine geologic model and complete follow-up exploration on recent drill results from the 710 lens of the 007 zone near the 26 level that returned 12.6 g/t gold over 6.0 metres and 15.5 g/t gold over 11.1 metres (see press release dated November, 26, 2012) that indicates that zone extends up and down dip considerable distances and there remains many isolated drill intersections that require follow-up drilling;
Surface drilling at more conceptual property and regional-scale targets, in particular in areas where east-west trending shear zones intersect more mafic volcanics and gabbroic rocks that are known to host the majority of the gold mineralization at the Rice Lake mine and 007 mine, and where limited drilling has returned anomalous gold values;
Commence initial regional surveys and first phase of drilling at the recently acquired Atikwa Lake project (recently purchased from Opawica Explorations Inc. - see press release dated June 19, 2012), where 2011 drilling returned 309 metres grading 0.59 g/t gold; and
Continue to support SGX Resources Inc. (31.5% ownership) that has experienced exploration success at their Timmins South - Edleston Zone (high-grade underground and open pit potential) and Timmins North - Tully Township (established mineral resources and remains open in all directions).
The Company currently has five drills operating at the Rice Lake Mining Complex and will be providing drilling results from these exciting projects throughout the year.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Rice Lake Project has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, modern surface infrastructure including a licensed tailings management facility, and is connected to the Manitoba power grid system. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
Dale Ginn, P.Geo., the Qualified Person for San Gold under National Instrument 43-10, has reviewed and approved the press release.
For further information on the Company, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
To view figure 1, please visit the following link: http://media3.marketwire.com/docs/SGRfig1.pdf
To view figure 2, please visit the following link: http://media3.marketwire.com/docs/SGRfig2.pdf
Contact Information:
San Gold Corporation
Dale Ginn, P.Geo
Qualified Person and Executive Vice Chairman
Toll Free: 1 (855) 585-4653
info1@sangold.ca
San Gold Corporation
George Pirie
President and CEO
Toll Free: 1 (855) 585-4653
info1@sangold.ca
San Gold Corporation
Manish Grigo
Director Investor Relations
Toll Free: 1 (855) 585-4653
info1@sangold.ca
http://www.sangold.ca
http://tmx.quotemedia.com/article.php?newsid=57859033&qm_symbol=SGR
loadded today
San Gold Corp (SGR)
0.395 ? -0.05 (-11.24%)
Volume: 3,044,000 @ 11:10:33 AM ET
Bid Ask Day's Range
0.39 0.395 0.35 - 0.44
TSX:SGR Detailed Quote Wiki
San Gold Corp (SGR)
0.82 ? 0.04 (5.13%
Volume: 346,000 @ 4:00:00 PM ET
Bid Ask Day's Range
0.79 0.83 0.77 - 0.82
TSX:SGR Detailed Quote Wiki
007 Drill Results Continue to Expand the Deposit
http://tmx.quotemedia.com/article.php?newsid=55185910&qm_symbol=SGR
WINNIPEG, MANITOBA--(Marketwire - Oct. 22, 2012) -
George Pirie, President and Chief Executive Officer for
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF), is pleased to announce interim results of
its ongoing 2012 diamond drilling program on the 007 deposit
within the Company's 100% owned Rice Lake Project located in
Bissett, approximately 235 kilometres northeast of Winnipeg,
Manitoba, Canada.
The Rice Lake Project has a permitted, modern gold mill currently
processing ore at a capacity of 2,500 tons per day, modern
surface infrastructure including a licensed tailings management
facility, and is connected to the Manitoba power grid system.
Since being discovered in 2009, the 007 deposit continues to
demonstrate robust grades and widths across all four lenses of
the deposit and it continues to be consistent at depth while
structural characteristics are becoming increasingly predictable.
This drilling activity is part of the Company's program to upgrade
resources into higher confidence categories and to increase
reserves within the mining complex.
Overall results are positive and comparable with the Company's
March 31, 2012 resource update.
The Company will continue drilling for the remainder of 2012 and
provide a resource update in the first quarter of 2013.
"The 007 deposit drilling continues to prove up high-quality
resources which are accessible from existing infrastructure.
The drilling continues to confirm the continuity of the deposit
at depth.
The ongoing development of the 16 and 26 Levels will provide
drill platforms for further resource and reserve definition.
Mining is currently scheduled to begin from these levels in early
2014," said Mr. Pirie.
Highlights of the drilling program include:
http://sangold.mwnewsroom.com/manual-releases/007-Drill-Results-Continue-to-Expand-the-Deposit
http://www.sangold.ca/s/Ops.asp?ReportID=402510&_Type=Operations-Items&_Title=007-Deposit
http://www.sangold.ca/s/Operations.asp
http://www.sangold.ca/s/Home.asp
SGR Q2 Mined ore at a record quarterly rate of
approximately 1,709 tons per day for a total of 155,495 tons,
resulting in a surface stockpile of approximately 55,000 tons
representing more than 10,000 ounces of gold.
To underscore this statement,
the Company produced 11,366 ounces in July.
Set an average mill throughput record of 2,032 tons per day
in May 2012.
Realized a cash operating margin of $637 per ounce of gold
sold with a realized price of $1,607 per ounce through
the quarter.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79882970
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79553455
God Bless
hotdog I agree, the LT POG Gold Prices Could Peak at $5,000: Bank of America
Posted on September 21, 2012 by News
21-Sep (CNBC) —
As gold prices hit a 2012 record of $1,787.40 per ounce on Friday,
Bank of America Merrill Lynch analysts said the precious metal
could soar to $3,000 or even $5,000 over the longer-term.
“We will be focusing in on gold.
Ultimately we think gold can trade between $3,000 and
$5,000 an ounce going forward,” MacNeil Curry,
head of foreign-exchange and rates technical strategy at BAML,
told CNBC’s “Worldwide Exchange.”
“Certainly not within the next few months, but on a long-term
basis we are on a well-defined uptrend, and we have got more to
run before that runs its course.”
…“We believe the growth in supply of fiat currencies [those
without intrinsic value] such as the U.S. dollar and dollar-
linked currencies such as the renminbi is a key driver, followed
by concerns regarding inflation and inflation volatility which
could follow,” Brebner and Fu said in the report.
[source]
SGRCF AuBull has a long way back UP to catch UP
with a very oversold and undervalued 666 short
selling banksters manipulations -
Looks like a little patch of resistance at 1.11 taken
out - then it's straight up to 1.50!
a old target its $5 to focus ON GO SGR
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79553455
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79553343
God Bless
Have been into great Bissett Gold Mines comp. more than 30yrs -
and didn't sell @ fiat$5.- etc. only added more under the years
http://www.sangold.ca/i/pdf/corporate_presentation.pdf
history often repeat itself -
let's get the Au bull back UP and run much Higher
bigfish1972 welcome to San Gold Corporation (SGRCF
good to see you @ SGRCF Gold mines bargain
Person mark #10 for you my friend
keep up the good info SGRCF TEAM member
thank you for good info -
$5 would be sweet, but let's get to $1.35 first and close above that 200 SMA! Loving the price action here! Tell you what though, the level 2 shifts around very strangely, LOL. And what's up with these odd prints of 1.0949 and such? Oh well, as long as we are going up, who cares? LOL!
With today's news from the Fed, I expect a surge here and with many other gold stocks tomorrow.
I also noticed that the 20 SMA is gonna come up and meet the 50 SMA any day now for a nice little golden cross action. This has become my favorite stock to own very quickly.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79267121
God Bless
San Gold Insider Buying Overview :: San Gold Corporation (T:SGR)
http://www.canadianinsider.com/node/7?menu_tickersearch=sgr
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77445653
San Gold Corp (SGR)
0.75 ? -0.02 (-2.60%)
Volume: 1,560,000 @ 4:00:00 PM ET
Bid Ask Day's Range
0.74 0.75 0.74 - 0.78
TSE:SGR Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77445653
San Gold Reports Q2 Production of 18,241 oz Gold Despite Mill Interruption
WINNIPEG, MANITOBA--(Marketwire - July 12, 2012) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) today announced preliminary results of
18,241 ounces of gold produced
plus 55,000 tons of ore in surface stockpiles, representing
approximately 10,000 ounces of gold.
Overall, that brings total mine production to more than
28,000 ounces of gold during the quarter,
a new company record, and positions the Company well to meet or
exceed full year production guidance of between
95,000 and 105,000 ounces of gold in 2012.
http://tmx.quotemedia.com/article.php?newsid=52675388&qm_symbol=SGR
For further information on San Gold, please visit
http://www.sangold.ca
San Gold Resumes Milling Operations
WINNIPEG, MANITOBA--(Marketwire - July 2, 2012) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) announces today that milling operations
resumed July 1 at its Rice Lake Mining Complex, with more than
1,900 tons milled on the first day of operations.
Milling operations were suspended in early June after its ball
mill pinion suffered an unexpected failure.
Mining operations continued at an average rate of more than
1,600 tons per day while repairs were completed to the ball
mill.
As a result, approximately 54,000 tons of ore were stockpiled
as of June 30.
The Company has substantially increased its milling capacity
over the past year, achieving peak daily production of 2,500
tons per day during the second quarter.
As a result of this increased capacity, the Company expects to
mill the majority of this stockpile during the third quarter
and remains confident in its annual guidance of between
95,000 and 105,000 ounces of gold produced in 2012.
"It is a testament to the strength of the operations team that
we are able to experience this kind of event with little
overall impact on our operations," said George Pirie,
San Gold's President and Chief Executive Officer.
During this period, the Company also completed various other
maintenance activities related to milling operations, including
the scheduled annual liner change in the ball mill.
About San Gold
San Gold is an established Canadian gold producer, explorer, and
developer that owns and operates
the Hinge,
007, and
Rice Lake mines near Bissett, Manitoba.
The Company employs more than 400 people and is committed to
the highest standards of safety and environmental stewardship.
San Gold is on the Toronto Stock Exchange under the symbol
"SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit
http://www.sangold.ca
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
--------------------------------------------------------------------------------
CONTACT INFORMATION:
San Gold Corporation
George Pirie
President and CEO
1 (416) 214-0024
or
San Gold Corporation
Tim Friesen
Communications Director
1 (855) 585-4653
www.sangold.ca
INDUSTRY: Manufacturing and Production - Mining and Metals
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ps I've been buying these shares down here!
futr
I think these two recent acquisitions have big long-term potential. I'm not to crazy though about how the pps has responded in the short term.
San Gold Signs Financing and Option Agreement with
Canadian Arrow Mines
WINNIPEG, MANITOBA--(Marketwire - June 27, 2012) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold") is pleased to report that it
has entered into an option agreement (the "Agreement") with the Canadian Arrow Mines Ltd.
(TSX VENTURE:CRO) ("Canadian Arrow") properties located northeast of Rainy River, Ontario.
http://sangold.mwnewsroom.com/press-releases/san-gold-signs-financing-and-option-agreement-with-tsx-sgr-201206270801460001
BIX WEIR Q's Answered: -- The Future -
San Gold Acquires Mineral Claims from Strikepoint Gold Inc.
WINNIPEG, MANITOBA--(Marketwire - June 7, 2012) -
George Pirie, President and CEO of San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold"),
today announced that San Gold has acquired a total of
50 mineral claims (covering 8,974 ha) located in
the Rice Lake area of Manitoba from
Strikepoint Gold Inc. ("Strikepoint").
In addition, San Gold has acquired all the shares of
6004903 Manitoba Ltd. ("Numco"), a wholly-owned subsidiary
of Strikepoint, whose sole business is the ownership of
certain real property and a house in Bissett, Manitoba.
The consideration paid by San Gold for the mineral claims and
all the shares of Numco is 1,573,188 common shares of
San Gold at a deemed price of $1.462 per share and
$125,000 in cash.
The transaction was completed pursuant to a purchase agreement
dated as of the date hereof between San Gold and Strikepoint.
Following a re-evaluation of prior work, San Gold intends to
actively explore these newly acquired properties with the
view to developing such properties.
The property acquired from Strikepoint is currently subject
to an option agreement between Strikepoint and San Gold
which has now been terminated.
The sale of the mineral claims and shares of Numco by Strikepoint to San Gold is subject to the final approval of the Toronto Stock Exchange.
About San Gold
San Gold is an established Canadian gold producer, explorer,
and developer that owns and operates
the Hinge,
007, and
Rice Lake mines near Bissett, Manitoba.
San Gold employs more than 400 people and is committed to
the highest standards of safety and environmental stewardship.
San Gold is on the Toronto Stock Exchange under the symbol
"SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit
http://www.sangold.ca
http://tmx.quotemedia.com/article.php?newsid=51874732&qm_symbol=SGR
San Gold Corp (SGR) fiat$1.49 UP $0.06 +4.20%
Volume: 772,600 @ 4:00:00 PM ET good demand
Bid Ask Day's Range
1.46 1.49 1.4 - 1.5
TSE:SGR Detailed Quote Wiki
San Gold Achieves Record Production in Q1 2012 -
http://investorshub.advfn.com/San-Gold-Corporation-TSE-SGR-5396/
GOLD to go higher and $$ to fall off the cliff -
Japanese media are reporting that this is the first time China has
let a major currency other than the US dollar trade directly
with the yuan.
China and Japan to start direct yen-yuan trade in June -
http://www.bbc.co.uk/news/business-18245909
San Gold Achieves Record Production in Q1 2012
WINNIPEG, MANITOBA--(Marketwire - April 11, 2012) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) today announced preliminary results of
operations at its Rice Lake Mining Complex in Manitoba, Canada
for the quarter ended March 31, 2012.
Q1 Production Highlights
Record gold production of 22,162 ounces.
Mill production of 153,537 tons.
Mine production of 144,549 tons.
First Quarter 2012 Preliminary Operating Results
San Gold produced a record 22,162 ounces of gold in the first quarter.
In addition the company finished the quarter with approximately
16,100 tons of ore in surface stockpiles representing an
additional 2,000 to 2,500 ounces of gold in front of the mill.
The operation milled a record 153,537 tons in the quarter at
an average daily throughput of 1,687 tons per day,
85% more than was milled during the first quarter of 2011.
Grade was 5.35 grams per tonne, which is similar to the
previous quarter and slightly below our full year budgeted
grade of 6.58 grams per tonne.
Recovery improved to 92.4% for the quarter, with a recovery of
93.5% achieved in March.
"The Rice Lake operations team has got off to an excellent start
in Q1 and we remain on track to achieve our full year guidance
of between 95,000 and 105,000 ounces of gold," said San Gold
President and Chief Executive Officer George Pirie.
The operation mined a record 144,549 tons of ore despite a
14-day scheduled upgrade of the A-shaft loading pocket to
improve material handling capacity in Rice Lake.
The company completed 1,946 metres of lateral development and
275 metres of vertical development during the quarter.
Underground mine operations remain focused on developing an
extensive mining complex that will facilitate access to the
down dip extensions of the L10 and 007 from the Rice Lake shaft
infrastructure on 16 and 26 levels.
About San Gold
San Gold is an established Canadian gold producer, explorer, and
developer that owns and operates
the Hinge,
007, and
Rice Lake mines near Bissett, Manitoba.
The Company employs more than 400 people and is committed to
the highest standards of safety and environmental stewardship.
San Gold is on the Toronto Stock Exchange under the symbol
"SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit
http://www.sangold.ca
Cautionary Note
This news release includes certain "forward-looking statements".
All statements, other than statements of historical fact
included ---- readers should not place undue reliance on
forward-looking statements.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
http://tmx.quotemedia.com/article.php?newsid=50204539&qm_symbol=SGR
Elliott wave predicts $32659 gold on 16 Jan 2015 -
http://agoracom.com/ir/ucresources/forums/discussion/topics/525018-elliott-wave-prediction-from-the-perth-mint/messages/1662182#message
Chinese and Russian central banks, Arab royals, Asian billionaires, Indian farmers,
tin pot “stackers” and others stay focused on “squirreling away” physical metal -
& FED -
http://doreenellenbelldotan.info/AdolfRothschildHitler.htm
- against the PEOPLE slaves -
working very hard for paper fiats -
- THE STORY OF FIAT CURRENCY ABUSE -
http://www.sharelynx.com/chartstemp/FCA/SAMFiatAbuse.php
Can Paper-fiat Bring Prosperity?
San Gold Corporation Announces Closing of Private Placement -
BISSETT, MANITOBA--(Marketwire - March 16, 2012) -
Mr. George Pirie, President and CEO of San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) (the "Company"), is pleased to announce
that it has closed its private placement offering (the
"Offering") with a syndicate of agents led by Primary Capital
Inc. and including Scotiabank, Dundee Securities Ltd. and
Stonecap Securities Inc. (the "Agents") of common shares of
the Company issued as "flow-through shares" within the meaning
of the Income Tax Act (Canada) (the "Flow-Through Shares").
At the closing, the Company issued 10,715,000 Flow-Through
Shares (which included 3,565,000 Flow-Through Shares that were
sold pursuant to an over-allotment option) at a price of $2.10
per Flow-Through Share for total gross proceeds to the Company
of $22,501,500.
The Flow-Through Shares are subject to a hold period of four
months and a day from the date of issuance in accordance with
applicable securities laws.
In connection with the Offering, the Agents received a cash
commission equal to 5% of the gross proceeds raised under the
Offering.
The gross proceeds of the Offering will be used for exploration
on the Company's mineral properties.
These securities being offered have not been, and will not be,
registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") and may not be offered
or sold in the United States or to, or for the benefit of,
U.S. persons (as defined in Regulation S under the U.S.
Securities Act) absent U.S. registration or an applicable
exemption from the U.S. registration requirements.
This release does not constitute an offer for sale of
securities in the United States.
For further information, please visit
http://www.sangold.ca
The TSX and the OTCQX exchanges have not reviewed and do not
accept responsibility for the adequacy or accuracy of this
release.
San Gold Corp. Shoreline Basalt deposits accessed from two ramp portals.
View Shoreline Basalt video -
http://www.sangold.ca/i/videos/2011-06-Shoreline_Basalt/2011-06-Shoreline_Basalt.html
http://www.sangold.ca/i/pdf/2011-corporate_presentation.pdf
http://www.manitoba.ca/iem/mrd/min-ed/minfacts/mbhistory/gallery/san_antonio_lg.html
San Gold Corp. Shoreline Basalt deposits accessed from two ramp portals.
View Shoreline Basalt video -
http://www.sangold.ca/i/videos/2011-06-Shoreline_Basalt/2011-06-Shoreline_Basalt.html
http://www.sangold.ca/i/pdf/2011-corporate_presentation.pdf
San Gold Announces 84 Vein Drilling Results -
http://tmx.quotemedia.com/article.php?newsid=48214826&qm_symbol=SGR
http://sangold.mwnewsroom.com/getattachment/58de9727-666e-442a-9aaa-d0c8ab89b7a4/San-Gold-Achieves-Record-Produ-201201100757358001
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
San Gold Achieves Record Production in Q4 2011
San Gold Corporation
(TSX: SGR) (OTCQX: SGRCF) today announced preliminary
results of operations at its Rice Lake Mining Complex
in Manitoba, Canada for
the quarter ended December 31, 2011.
Q4 Production Highlights
- Record gold production of 20,359 ounces with additional 4,000 to 5,000 in
surface ore stockpile.
- December production of 8,388 ounces annualized supports 100,000
ounce guidance for 2012.
- Milling and crushing initiatives completed to upgrade mill capacity to
2,000 tons per day.
- Exploration results issued in December continue to demonstrate the
tremendous potential of our new mine trends.
Fourth Quarter 2011 Preliminary Operating Results
San Gold produced a record 20,359 ounces of gold in the fourth quarter with
approximately 25,400 tons of ore in the surface stockpiles representing an
additional 4,000 to 5,000 ounces of gold in front of the mill.
During December the operation established a new daily mill record of 2,056 tons
per day, with an average throughput of 1,775 tons per day. The operation
began the year at an average production rate of 829 tons per day.
“This has been a tremendous year for our production team at Rice Lake. We’ve
executed a very aggressive development plan, increasing our milling capacity
by two-thirds while building out an extensive mine complex along a new mining
horizon. We are well positioned going into 2012 and will continue to aggressively
pursue new opportunities as they emerge,” said San Gold President and Chief
Executive Officer George Pirie.
There were two planned events during the fourth quarter that resulted in lost
milling opportunities. In the first two weeks of October, throughput rates in the
flotation circuit were reduced while the second bank of new flotation cells was
commissioned. In November, three milling days were lost due to the
commissioning of the new screening plant and the relocation of the three stage
crushing circuit. No upgrades that will affect mill throughput are planned
through the first half of 2012.
2 | SAN GOLD CORPORATION
Total gold production for 2011 was 74,280 ounces with 4,000 to 5,000 in surface
stockpiles accumulated during the year, effectively meeting our full year
guidance of 80,000 ounces. On an annualized basis, December production
supports our 100,000 ounce production forecast for 2012.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer
that owns and operates the Hinge, 007, and Rice Lake mines near Bissett,
Manitoba. The Company employs more than 400 people and is committed to
the highest standards of safety and environmental stewardship. San Gold is on
the Toronto Stock Exchange under the symbol “SGR” and on the OTCQX under
the symbol “SGRCF”.
For further information on San Gold, please visit www.sangold.ca or contact:
Tim Friesen George Pirie
Communications Director President and CEO
1 (204) 772-9149 ext. 202 1 (416) 214-0024
http://sangold.mwnewsroom.com/getattachment/58de9727-666e-442a-9aaa-d0c8ab89b7a4/San-Gold-Achieves-Record-Produ-201201100757358001
SGR.TO : TSX Industry: Gold Mining HOLDINGS SUMMARY
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=sgr&country=CA
Excellent GOLD Drill Results San Gold Mine Reviews Over 200
Drill Holes from 2011 007 Zone Drilling -
http://ih.advfn.com/p.php?pid=nmona&article=50490895&symbol=SGRCF
Gold Mine its situated at our Father GOD's Lake
in the rual area -
away from the bs super red NWO bolshevikz
killer cancers chem trails etc.
Right place - at the Right Time -
Golden San Gold place
Merry Christmas & Happy New Year -
God Bless
San Gold Corp (SGR) fiat$1.87 UP $0.12 +6.86%
Volume: 375,500 @ 4:00:00 PM ET
Bid Ask Day's Range
1.85 1.87 1.7 - 1.89
TSE:SGR Detailed Quote Wiki
Excellent GOLD Drill Results San Gold Mine Reviews Over 200
Drill Holes from 2011 007 Zone Drilling -
http://ih.advfn.com/p.php?pid=nmona&article=50490895&symbol=SGRCF
Gold Mine its situated at our Father GOD's Lake
in the rual area -
away from the bs super red NWO bolshevikz
killer cancers chem trails etc.
Right place - at the Right Time -
Golden San Gold place
Merry Christmas & Happy New Year -
God Bless
San Gold Corp (SGR) fiat$1.78 UP $0.13 +7.88%
Volume: 668,100 @ 4:00:00 PM ET Good Demand
Bid Ask Day's Range
1.77 1.79 1.65 - 1.79
TSE:SGR Detailed Quote Wiki
Excellent GOLD Drill Results San Gold Mine Reviews Over 200
Drill Holes from 2011 007 Zone Drilling -
http://ih.advfn.com/p.php?pid=nmona&article=50490895&symbol=SGRCF
Gold Mine its situated at our Father GOD's Lake
in the rual area away from the bs super red NWO bolshevikz
killer cancers chem trails etc.
Right place - at the Right Time -
Golden San Gold place
Merry Christmas
God Bless
San Gold Corp (SGR) fiat$1.78 UP $0.13 +7.88%
Volume: 668,100 @ 4:00:00 PM ET Good Demand
Bid Ask Day's Range
1.77 1.79 1.65 - 1.79
TSE:SGR Detailed Quote Wiki
San Gold Corp (SGR) fiat$1.94 UP $0.56 +40.58%
Volume: 4,784,000 @ 4:00:00 PM ET Strong Demand
Bid Ask Day's Range
1.91 1.95 1.45 - 1.94
TSE:SGR Detailed Quote Wiki
Excellent GOLD Drill Results San Gold Reviews Over 200 Drill Holes from 2011 007 Zone Drilling -
http://ih.advfn.com/p.php?pid=nmona&article=50490895&symbol=SGRCF
futrcash thanks, its situated at our Father GOD's Lake
in the rual area away from the NWO chem trails etc.
Right place - at the Right Time -
Golden San Gold place
Merry Christmas
God Bless
Excellent GOLD Drill Results San Gold Reviews Over 200 Drill Holes from 2011 007 Zone Drilling -
http://ih.advfn.com/p.php?pid=nmona&article=50490895&symbol=SGRCF
futrcash thanks, its situated at our Father GOD's Lake
in the rual area away from the NWO chem trails etc.
Right place - at the Right Time -
Golden San Gold place
Merry Christmas
God Bless
San Gold Corp (SGR) fiat$1.8 UP $0.17 +10.43%
Volume: 2,158,500 @ 4:00:00 PM ET Strong Demand
Bid Ask Day's Range
1.79 1.8 1.61 - 1.87
TSE:SGR Detailed Quote Wiki
San Gold Corp. Future Looking Bright -
Costs below projections and heading toward $650/oz. by EOY-
http://www.sangold.ca/i/pdf/2011-corporate_presentation.pdf
http://tmx.quotemedia.com/article.php?newsid=45069519&qm_symbol=SGR
San Gold Corp. Future Looking Bright -
Costs below projections and heading toward $650/oz. by EOY-
http://www.sangold.ca/i/pdf/2011-corporate_presentation.pdf
http://tmx.quotemedia.com/article.php?newsid=45069519&qm_symbol=SGR
San Gold Corp (SGR) fiat$2.18 UP $0.02 +0.93%
Volume: 366,000 @ 4:16:53 PM ET good demand
Bid Ask Day's Range
2.17 2.18 2.13 - 2.2
TSE:SGR Detailed Quote Wiki
San Gold Reports Strong Quarterly Gold Production, Exploration
Results, and Provides Notice of Third Quarter 2011 Financial
Results Conference Call
WINNIPEG, MANITOBA--(Marketwire - Oct. 6, 2011) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold" or the "Company") reports
preliminary operating results for the third quarter of 2011
and is providing drilling results from its SG1 Mine Area and from
a portion of the Shoreline Basalt.
The Company is also announcing that it plans to report third
quarter 2011 financial results before market open on Tuesday,
November 15, 2011, and that senior management will host a
conference call that day at 11:00 am
Eastern Standard Time.
http://tmx.quotemedia.com/article.php?newsid=45069519&qm_symbol=SGR
Third Quarter 2011 Preliminary Operating Results
In the third quarter of 2011, the Company's Rice Lake, Hinge, and 007 mines (the "Rice Lake Complex") produced 19,119 ounces of gold at a total cash operating cost that is expected to be in-line with the Company's full-year guidance of $825 per ounce of gold sold. Year-to-date production of 53,918 ounces is consistent with the Company's full-year production forecast of 80,000 ounces.
Commenting on these results, George Pirie, President and Chief Executive Officer of San Gold, stated, "We continue to execute on our plan of growing the production profile, as evidenced by our greatly improved year-over-year performance. With the crushing and milling circuit upgrades approaching completion, we expect to post record operating results in the fourth quarter and to achieve our full-year production guidance."
Gold production in the third quarter of 2011 was 52% higher than production of 12,568 ounces in third quarter of 2010. Gold production of 53,918 ounces in the first nine months of the 2011 was 58% higher than production of 34,217 ounces in the same period of 2010. Higher gold production in 2011 is a result of increased mill throughput relative to the comparable periods of 2010.
During the third quarter of 2011, the Company milled ore at a record quarterly rate of approximately 1,324 tons per day ("tpd") for a total of 121,844 tons, an increase of 62% compared to 818 tpd in the same period of 2010. Milling rates have increased relative to prior periods as a result of crusher and milling system expansion initiatives implemented over the past year. The benefits of increased crushing and milling rates during the quarter were partially offset by four days of unscheduled downtime in July related to power supply issues that have since been resolved.
San Gold Reports Strong Quarterly Gold Production, Exploration
Results, and Provides Notice of Third Quarter 2011 Financial
Results Conference Call
WINNIPEG, MANITOBA--(Marketwire - Oct. 6, 2011) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold" or the "Company") reports
preliminary operating results for the third quarter of 2011
and is providing drilling results from its SG1 Mine Area and from
a portion of the Shoreline Basalt.
The Company is also announcing that it plans to report third
quarter 2011 financial results before market open on Tuesday,
November 15, 2011, and that senior management will host a
conference call that day at 11:00 am
Eastern Standard Time.
http://tmx.quotemedia.com/article.php?newsid=45069519&qm_symbol=SGR
Third Quarter 2011 Preliminary Operating Results
In the third quarter of 2011, the Company's Rice Lake, Hinge, and 007 mines (the "Rice Lake Complex") produced 19,119 ounces of gold at a total cash operating cost that is expected to be in-line with the Company's full-year guidance of $825 per ounce of gold sold. Year-to-date production of 53,918 ounces is consistent with the Company's full-year production forecast of 80,000 ounces.
Commenting on these results, George Pirie, President and Chief Executive Officer of San Gold, stated, "We continue to execute on our plan of growing the production profile, as evidenced by our greatly improved year-over-year performance. With the crushing and milling circuit upgrades approaching completion, we expect to post record operating results in the fourth quarter and to achieve our full-year production guidance."
Gold production in the third quarter of 2011 was 52% higher than production of 12,568 ounces in third quarter of 2010. Gold production of 53,918 ounces in the first nine months of the 2011 was 58% higher than production of 34,217 ounces in the same period of 2010. Higher gold production in 2011 is a result of increased mill throughput relative to the comparable periods of 2010.
During the third quarter of 2011, the Company milled ore at a record quarterly rate of approximately 1,324 tons per day ("tpd") for a total of 121,844 tons, an increase of 62% compared to 818 tpd in the same period of 2010. Milling rates have increased relative to prior periods as a result of crusher and milling system expansion initiatives implemented over the past year. The benefits of increased crushing and milling rates during the quarter were partially offset by four days of unscheduled downtime in July related to power supply issues that have since been resolved.
The Rice Lake Mill processed ore at an average head grade of 5.83 grams of gold per tonne of ore ("g/t Au") in the third quarter of 2011, a decrease of 5% relative to the head grade of 6.12 g/t Au in the same period of 2010. The decrease in head grade is a result of substantially less than budgeted ore being mined from the higher-grade 007 Mine during the month of July.
Gold recovery from the mill was 92% in the third quarter of 2011, 2-percentage points lower than the 94% achieved during the comparable period of last year, and below the budgeted rate of 93%. The lower than budgeted gold recovery is a result of the ongoing installation of new flotation cells in the milling circuit, which has not required any mill downtime. Commissioning of the new flotation cells is planned to be completed near the middle of October, after which, gold recovery is expected to return to the budgeted rate.
During the third quarter of 2011, the Company mined ore at a record quarterly rate of approximately 1,358 tpd for a total of 124,952 tons, an increase of 75% compared to 777 tpd in the same period of 2010. The increase in mining rates is attributable to a larger mechanized mining fleet, improved safety performance, and an increased number of active mining areas. During the quarter, approximately 78% of the tons mined were sourced from the generally lower cost and higher grade Hinge and 007 mines. Currently, ore from the 007 Mine contributes approximately 50% of the ore being mined and milled. The Company has a surface stockpile of approximately 26,000 tons of ore ahead of the crushing circuit.
Commenting on the improved quarterly operating results, Ian Berzins, Chief Operating Officer of San Gold, stated "I am very pleased that we have delivered another strong quarter of gold production, further demonstrating that we are executing on our strategy of debottlenecking the operation and improving safety performance as a result of investing in new infrastructure and equipment. Mill throughput increased steadily throughout the third quarter, and we are currently processing ore at a rate of 1,500 tons per day. When we complete the commissioning of the flotation cell upgrade later this month, we expect mill throughput to increase to a rate of at least 1,600 tons per day. With the mill expansion ahead of schedule, I am confident that we will achieve our full-year production guidance of 80,000 ounces."
Key operational metrics and production statistics for the third quarter of 2011 compared to the third quarter of 2010 and on year-to-date bases are presented in tables 1 and 2 at the end of this press release, respectively.
Exploration Update
San Gold is currently undertaking its largest ever exploration program, which includes more than 300,000 metres ("m") of drilling utilizing up to 14 rigs, making it one of Canada's largest drill programs by a gold producer in 2011. The goals of this aggressive exploration program are to upgrade existing mineral resources, extend areas of known mineralization to depths of 1,000 m or more, and discover new mineral resources in preparation for an updated mineral reserve and resource statement in 2012.
This exploration update primarily discusses drilling activities that were targeting down-dip extensions to mineralized zones at the SG-1 Mine Area and along the Shoreline Basalt. The general locations of these exploration areas are presented in Figure 1 at the end of this press release.
The Company is awaiting a significant number of assay results, as laboratory turn-around-times are currently in excess of one month, due to the recent conclusion of the Canadian summer drilling season.
SG1 Mine Area
The Company recently received assay results from a drilling program in the vicinity of its 100%-owned SG1 Mine, located approximately 4.5 km northeast of the Company's Rice Lake Mill. The SG1 Mine has a dedicated decline, was brought into production during 2006, and was placed on care-and-maintenance in October of 2008 when the Company reallocated mining and exploration resources to the higher grade and lower cost Hinge Mine. The gold mineralization in the SG1 Mine Area is interpreted to be associated with the Normandy Creek Shear and, potentially, an eastern limb of the Shoreline Basalt.
Prior to the initiation of this drilling program, the drill-indicated mineralized envelope extended from surface to a depth of approximately 200 m. Selected results are shown in the table below, with the pierce points of these drill holes shown in Figure 1.
Drill Hole From (m) To (m) Interval(1)
(m) Uncut Grade
(g/t Au)
SG-11-013 296.4 301.9 5.5 6.56
including 296.4 299.2 2.7 11.13
SG-11-016 468.5 477.6 9.1 6.48
including 473.9 477.6 3.7 10.59
SG-11-017 472.9 491.1 18.3 6.48
including 474.9 480.7 5.8 10.32
(1)- May not represent true width
These drill holes have located gold mineralization outside of the mineral resource envelope in between depths of 290 m and 475 m below surface over potentially economic widths and grades beneath existing mine infrastructure. The initial success of the SG1 Mine Area drilling program outside of the existing mineral resource envelope has the potential to significantly increase mineral resources and reserves.
Additional assays are pending and drilling is ongoing to drill-test outside of the mineral resource envelope for extensions of the zone along strike and at depth.
Shoreline Basalt
Along the Shoreline Basalt Unit, a system of stacked lenses that includes the 007 Trend, L10, and Emperor zones, drilling continues to expand the mineralized envelope both along strike and at depth. This unit has a strike length of more than 2,000 m, a plunge that has been traced to over 1,400 m from surface, and remains open along strike and to depth. Geological and geophysical evidence suggest that the Shoreline Basalt may extend 5 kilometres eastward to the SG1 Mine Area.
The Company has received assay results from initial deep drilling below the L10 zone that has located a down-dip extension within 200 m of the Company's existing Rice Lake Mine's underground infrastructure. Selected results are shown in the table below, with the pierce points of these drill holes shown on Figure 1.
Drill Hole From
(m) To
(m) Interval (1)
(m) Uncut Grade
(g/t Au)
DX-11-009 595.6 601.1 5.4 22.86
including 598.8 599.0 0.2 310.62
and 611.3 614.3 3.0 5.08
including 612.0 612.6 0.5 17.97
(1)- May not represent true width
Drill holes DX-11-009 located the L10 zone at depths of up to 575 m below surface, suggesting a potential 200 m down dip extension to depth from the limits of previous drilling. The L10 zone has a drill-indicated strike of at least 100 m, begins 250 m below surface, and typically varies in width from 2 to 5 m. The L10 zone remains open along strike and down-dip, and additional assays are pending.
The Company has also received assay from a previously undrilled 500 m section along the Shoreline Basalt between the L10 and 007 Trend zones. Drilling encountered near surface, high-grade gold mineralization along the hanging wall contact of the Shoreline Basalt at a depth of approximately 200 m below surface and within 100 m of the 007 decline. Selected results are shown in the table below, with the pierce points of these drill holes shown on Figure 1. Additional assays are pending.
Drill Hole From
(m) To
(m) Interval (1)
(m) Uncut Grade
(g/t Au)
S936-11-001 424.7 129.6 0.2 338.91
S936-11-002 333.1 353.2 20.1 13.44
(1)- May not represent true width
The Company is very encouraged by these results as it demonstrates the potential for the expansion of existing mineralized zones and the discovery of new zones along the Shoreline Basalt.
Commenting on these results, George Pirie, stated, "I am very impressed with the initial results from the drilling beneath SG1, due to both grades and widths encountered and because of the proximity to existing mine infrastructure. I am also excited about the initial deep drilling results from the L10 zone, which supports our interpretation that the Shoreline Basalt zones are likely to exceed to depths exceeding 1,000 m. The implications from all of these are tremendous with respect to how the future development of the Rice Lake Complex may unfold."
Exploration Activities for the Remainder of 2011
Year-to-date, San Gold has drilled approximately 275,000 m in 925 holes and will achieve its target of drilling 300,000 m in 2011. For the remainder of the year, drilling will continue to focus on in-fill and step-out drilling at areas of known mineralization, plus drill-testing grassroots exploration targets, albeit at a slightly slower pace until the 2012 exploration season commences.
In addition to its Rice Lake Project exploration programs, the Company recently completed a 3,600 line-km high-resolution airborne geophysical survey on its 100%-owned projects and on a portion of the projects that it has under option agreement. The Company is awaiting the preliminary interpretation and expects geophysical anomalies identified from the survey to help guide the Company's first regional exploration program in the Rice Lake area.
QA/QC Programs
Surface drill programs are carried out under the supervision of William Ferreira, B.Sc. Geology, Registered Professional Geologist. Underground drill programs are carried under the supervision of Dale Ginn, B.Sc. Geology and Registered Professional Geologist. Mr. Ferreira and Mr. Ginn are Qualified Persons as defined by National Instrument 43-101 of the Canadian Securities Administrators.
Strict sampling and QA/QC protocol are followed, including the insertion of standards, blanks, and duplicates on a regular basis, plus the retention of pulps and rejects. Surface drilling core samples are sent to TSL Laboratories in Saskatoon, Saskatchewan ("TSL") for sample preparation and analysis. Analytical method is fire assay with atomic adsorption finish and gravimetric finish. Whole metallic assays are performed on samples containing visible gold. Additional QA/QC testing is provided by Accurassay Laboratories of Thunder Bay, Ontario ("Accurassay") on a routine basis.
Underground drill core samples are prepared and assayed on site in the Company's assay lab using the fire assay method with an atomic adsorption finish and gravimetric finish. Strict sampling and QA/QC protocol are followed, including the insertion of standards, blanks, and duplicates on a regular basis, plus the retention of pulps and rejects, and spot checks utilizing independent labs including TSL and Accurassay.
Due to the exploratory nature of this exploration program and the variable orientations of the high-grade mineralized zones, drill intersections reported in this press release may not necessarily represent the true width of mineralization. All assays reported in this press release are uncut.
Notice of Third Quarter 2011 Financial Results Conference Call
The Company's senior management plans to host a conference call on Tuesday, November 15, 2011 at 11:00 am Eastern Standard Time to discuss the 2011 third quarter financial results, and to provide an update of the Company's operating, exploration, and development activities.
Participants may join the conference call by dialing 1 (877) 240-9772 or 1 (416) 340-8530 for participants outside of Canada and the United States. The conference call will also be available by webcast on the Company's website at www.sangold.ca.
A recorded playback of the conference call can be accessed after the event until November 22, 2011 by dialing 1 (800) 408-3053 or 1 (905) 694-9451 for calls outside Canada and the United States. The pass code for the conference call playback is 2825740. The archived audio webcast will also be available on the Company's website at www.sangold.ca.
About San Gold
San Gold is an established Canadian-based gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs over 400 people and is committed to the highest standards of safety and environmental stewardship. The Company has over $40 million in cash and equivalents and is unhedged to the price of gold. As of October 1, 2011, San Gold has 312,509,841 common shares outstanding (327,201,851 shares fully diluted), which are traded on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.
Cautionary Non-IFRS Statements
The Company believes that investors use certain indicators to assess gold mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with International Financial Reporting Standards ("IFRS"). "Total cash operating costs" as used in this analysis is a non-IFRS term typically used by gold mining companies to assess the level of gross margin available to the Company per ounce of gold by subtracting these costs from the unit price realized during the period. This non-IFRS term is also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of "total cash operating costs" as determined by the Company compared with other mining companies. In this context, "total cash operating costs" reflects the per ounce cash costs allocated from in-process and dore inventory associated with ounces of gold sold in the period and net royalties. "Total cash operating costs" may vary from one period to another due to operating efficiencies, quantity of ore processed, grade of ore processed, and gold recovery rates.
Cautionary Note Regarding Forward Looking Statements
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
Cautionary Note to United States and Other Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources:
This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
Table 1: Third Quarter 2011 and 2010 Production Summary and Statistics (1,2)
Q3
2011 Q3
2010 Change
(#) Change
(%)
Ore mined (tons) 124,952 71,463 56,721 75%
Ore milled (tons) 121,844 75,263 46,581 62%
Head grade (g/tonne Au) 5.83 6.12 -0.29 -5%
Contained Gold (ounces) 20,732 13,436 7,296 54%
Ounces of gold produced (3) 19,119 12,568 6,551 52%
Ore mined per day (tons) 1,358 777 581 75%
Ore milled per day (tons) 1,324 818 506 62%
Mill recovery (%) 92% 94% -2 -2%
(1) All amounts for Q3-2011 are preliminary and based on initial end of period estimates. Final adjustments may be required.
(2) Certain numbers may not compute due to the effects of rounding and truncation.
(3) Before final refinery settlements, which may result in increases or decreases to reported gold production.
Table 2: Year-to-Date Production Summary and Statistics (1,2)
Q3
2011 Q2
2011 Q1
2011 YTD-Q3
2011 YTD-Q3
2010 Change
(#) Change
(%)
Ore mined (tons) 124,952 123,261 102,200 350,413 197,810 152,603 77%
Ore milled (tons) 121,844 114,624 82,792 319,260 192,686 126,574 66%
Head grade (g/tonne Au) 5.83 6.35 6.47 6.19 6.52 -0.33 -5%
Contained Gold (ounces) 20,732 21,244 15,636 57,612 36,668 20,944 36%
Ounces of gold produced (3) 19,119 20,111 14,688 53,918 34,217 19,701 58%
Ore mined per day (tons) 1,358 1,355 1,136 1,284 725 559 77%
Ore milled per day (tons) 1,324 1,260 910 1,169 706 463 66%
Mill recovery (%) 92% 95% 94% 94% 93% 1 0%
(1) All amounts for Q3-2011 are preliminary and based on initial end of period estimates. Final adjustments may be required.
(2) Certain numbers may not compute due to the effects of rounding and truncation.
(3) Before final refinery settlements, which may result in increases or decreases to reported gold production.
To view, "Figure 1: Northeast-looking Longitudinal Section," please visit the following link:
http://media3.marketwire.com/docs/sgold_fig_1007.pdf.
The TSX and the OTCQX exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
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San Gold Corp (SGR) fiat$2.04 UP $0.03 +1.49%
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very nice
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God Bless
Following mark #47 for you hotdog
TIA
have a great time @ SGR GOLD mining
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God Bless
San Gold Reports Record-Low Total Cash Costs on Record Gold
Production, Revenue, and Cash Flow from Operations -
http://tmx.quotemedia.com/article.php?newsid=43852049&qm_symbol=SGR
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God Bless
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http://www.sangold.ca/i/pdf/2011-corporate_presentation.pdf
San Gold Corp (SGR)
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SAN GOLD CORPORATION (SGR:TSX-V)
The mill complex produces gold using gravity concentration systems to produce 50% of the gold and flotation and carbon in-leach circuit to produce the other 50%. The mill pours its dore gold bricks on-site and transports them refineries to achieve LSE grade gold bars.
The mill complex discharges tailings effluent to the tailings pond 2.5 km northeast of the mill complex. Water is recycled through the mill to the maximum extent possible. The tailings pond settles the solids and the cleaned water is transferred over a dam to the polishing pond. Once it has a long-enough dwell time in the polishing pond it is discharged to the environment in compliance with the Manitoba Conservation license and with all Federal regulations.
The Rice Lake mill employs gravity concentration, flotation and carbon-in-leach circuits. Maximum capacity currently is 1,200 tons per day.
Since mills run at maximum efficiency when they are run at or near capacity, the mill is currently being run at full capacity part-time. The mill currently operates on a demand basis. Ore from the both the Rice Lake and Hinge mines is stockpiled until sufficient ore is available to allow the mill to run for a minimum of two weeks.
http://www.sangold.ca/s/Ops.asp?ReportID=402521&_Type=Operations-Items&_Title=The-Gold-Refinery
Current Resources NOTE: These figures add figures from multiple disclosure updates | |||
| M plus I | 835,755 ounces | [2,244,160 tons at 0.37 oz/ton] |
| Inferred | 2,259,227 ounces | [6,441,740 tons at 0.35 oz/ton] |
| [Source: Compilation of National Instrument 43-101 compliant technical reports dated April 12, 2010 and Dec. 1, 2006.] | ||
A tabular summary of the Company's published Resource and Reserve information is presented on the Reserves and Resources page. | |||
April 12, 2010 disclosure update | |||
Hinge + 007 | M plus I | 432,875 ounces | [687560 tons at 0.63 oz/ton (21.6 g/tonne)] |
Inferred | 1,061,557 ounces | [1,668,940 tons at 0.64 oz/ton (21.9 g/tonne)] | |
|
|
|
|
Hinge | M plus I | 239,180 ounces | [612,600 tons at 0.39 oz/ton (13.4 g/tonne)] |
| Inferred | 538,700 ounces | [1,375,200 tons at 0.39 oz/ton (13.4 g/tonne)] |
|
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007 | M plus I | 193,700 ounces | [74,960 tons at 2.58 oz/ton (88.4 g/tonne)] |
| Inferred | 522,860 ounces | [293,740 tons at 1.78 oz/ton (61.0 g/tonne)] |
| [Source: National Instrument 43-101 compliant technical report dated April 12, 2010 entitled "Technical Report Mineral Resource Estimate Hinge and 007 Zones" with an effective date of Dec. 31, 2009 prepared by Peter George of GeoEx Limited.] |
http://www.sangold.ca/s/Ops.asp?ReportID=405604&_Title=Resource-Audit-History
$98 million in cash and no debt
300 million shares outstanding
2009 Production - 25,000 oz of gold
2010 Production - 50,000+ oz of gold
2011 Production could increase substantially as Rice Lake Upper, Lower, Hinge and 007 are mined. Hinge and 007 adds significant ounces and reduces cost per ounce via grade. A potential fourth zone gets added in 2011(L13 or Cohiba).
San Gold also plans to increase the mill capacity from 1250 to 1800 tpd in 2011 as more of the ore bodies are mined.
San Gold currently owns 12,000 hectares in the Rice Lake Greenstone Belt and has access to 3,000 additional hectares through option agreements and joint venture agreements with other explorers in the Belt. The Company controls a land position 12 kilometres long that runs east and west along the mine horizon. Also, there is a large zone of alteration and several old mining shafts from the 1920's and 1930's on holdings in the southeast portion of the exploration area.
http://www.sangold.ca/s/Ops.asp?ReportID=402519&_Title=Exploration-Model
Development
Results
Potential
San Gold Presentation @ the Denver Gold Show -
Go to the 10:35 presentation -
http://www.gowebcasting.com/conferences/2010/09/20/denver-gold-forum
V.SGR Detailed Quote -
http://www.investorshub.com/boards/quotes.asp?ticker=v.sgr
SAN Gold 2007 - She is a Beauty -
San Gold Powerpoint Presentation - May 22, 2007
http://sangoldcorp.com/index.php?id=67
www.sangoldcorp.com/index.php
Glittering Future - Rice Lake Gold Mines Reopens -
watch the video...
http://www.smartstox.com/interviews/sgr.php
http://winnipegsun.com/Business/2006/08/24/1772619-sun.html
San Gold is looking to produce a minimum
of 100,000 ounces in 2008 -
www.ivarkreuger.com/metalcharts.htm
The Rice Lake -
Greenstone Belt is geologically similar to
The Red Lake Camp -
one of Canada's richest and most extensive Gold deposits -
San Gold holds a key stake in the Rice Lake Greenstone Belt,
and is well-positioned to explore and develop the Gold -
resources in the region.
It controls 15 km of mine horizon, containing -
The Bissett Gold Mine -
and 3 deposits (SG #1, 2,and 3).
In addition, it holds 7000 hectares of exploration property
in the Belt, and has the ability to expand its holdings.
The Rice Lake Greenstone Belt is geologically similar to
the Red Lake Camp, one of Canada's richest and most
extensive Gold deposits.
The Bissett Gold Mine -
is located approximately 100 km west of Red Lake on the Western Uchi sub-province.
It includes a fully-permitted 1,250 tonne per day mine, mill
and infrastructure, and is the only operational facility -
in the Belt.
Red Lake Complex -
Following the discovery of a high grade ore zone and subsequent
expansion of mine facilities, the Red Lake Complex was
revitalized and achieved full production on January 1, 2001.
Mining is carried out using underground cut and fill
techniques allowing maximum ore extraction and minimal
dilution.
The high-grade, narrow vein system is being mined at the rate
of 577,272 kilograms (635 tonnes) per day with an average
grade of over 68 grams/ tonne (two ounces per ton).
The high-grade mineralization and complex geometry of the ore
body require operating under unique circumstances.
Various mining cut and fill methods are currently in use.
The implementation of innovative mining techniques, as well as
improvements and refinements to other areas of the operation,
has been key to the success of the Red Lake Complex in the
last four years.
Goldcorp has implemented the use of new Virtual Reality (VR)
technology for mine design and planning purposes, and has
recently built a state-of-the-art VR studio on site.
Goldcorp is also spending C$196 million on a new 1,924 metres
(6,312 ft.) deep shaft currently under construction.
The new shaft to be ready in 2007, will increase hoisting
capacity, reduce time to access the workplaces, and provide
significant cost savings.
The Bissett Gold Mines - San Antonio Mine -
The Rice Lake Complex -
The Gold Mine (historically known as the San Antonio mine)
operated continuously from 1932 to 1968 and
produced 1.36 million ounces of Gold from 4,876,000 tons.
Limited underground exploration and development took place
until 1996 when Rea Gold began an extensive construction and
development program.
In addition to the above-mentioned infrastructure, Rea Gold
deepened "A" shaft to 4,200 feet, eliminating the need for two
out of three internal winzes.
"A" shaft is now directly linked with "D" winze,
where Harmony Canada's production originated and
the bulk of the resources lie.
Harmony Canada completed construction and produced 110,000
ounces before placing the property on care and maintenance in
2001, due to the gold price and the mine's declining
significance in the wake of Harmony's remarkable growth.
Total capital expenditures to date since 1994 are over
$120-million -
Stanlie Hunt Interviews Dale Ginn, President,
and Rick Boulay, CFO, of -
(SGR-TSX.V) San Gold Corporation has a strong gold resource
base with excellent exploration potential in Manitoba's
Rice Lake Greenstone Belt.
The company holds 7000 hectares of exploration property
in the Belt which is geologically similar to the nearby
Red Lake Camp, one of Canada's richest and most
extensive gold deposits.
They have great infrastructure in place and actual
gold production is just underway at
their 1250 ton/day mill.
SAN GOLD MINE TOUR - APRIL 19th -
http://www.investorshub.com/boards/read_msg.asp?message_id=19004189
By NorthLion
San Gold is looking to produce a minimum
of 100,000 ounces in 2008 -
http://www.smartstox.com/interviews/sgr.php
Filmed at the World Gold, PGM and Diamond Investment Conference, held in Vancouver, June, 2006
http://www.sangoldcorp.com/
The San Gold Mine -
historically known as -
The San Antonio Gold Mine -
operated continuously from 1932 to 1968
and produced 1.36 million ounces of Gold
from 4,876,000 tons.
Limited underground exploration and development took place
until 1996 when Rea Gold began an extensive construction
and development program with the intent of operating at
1,000 tons per day.
The mineralized veins form 3 groups or sets, oriented -
in three different attitudes, and developed in shear -
and fracture zones which cut the sill -
in all, 132 separate veins were worked.
In 1961, a mass of native Gold weighing 211 oz.
was discovered -
The Gold/Silver ratio in the mine averaged 6:1 -
The mill was formerly famous for its high recovery -
about 98% Au from heads assaying about 0.288 oz./ton.
In addition to the above-mentioned infrastructure,
Rea Gold deepened "A" shaft to 4,200 feet, eliminating
the need for two out of three internal winzes.
"A" shaft is now directly linked with "D" winze,
where Harmony Canada's production originated and the bulk
of the remaining resources lie.
Harmony Canada acquired the property in 1998.
Harmony Canada completed construction and produced
110,000 ounces before placing the property on care and
maintenance in 2001, due to the gold price and the mine's
declining significance in the wake of Harmony's
remarkable growth -
Total capital expenditures to date since 1994
are more than $120-million -
Rice Lake Mine photos - May 24, 2007 (see movie shorts below)
93 vein on 28 level (4,500 ft deep).
Massive 93 vein blow-out on 29 level (4750ft deep)
Two-Boom Jumbo at bottom of Rice Lake mine ramp (5400 ft deep or 1.9 Kms deep)
Jumbo heading into newly discovered 96 vein at bottom of Rice Lake ramp (5400 ft deep or 1.9 Kms deep). See close-up below.
Close-up or the massive stockwork of the newly discovered 96 vein the deepest (so far) part of the Rice Lake mine ramp. (See Press Release)
Large ball mill, with grinding media (steel balls) in barrel.
Clean-up tray ready for the furnace. Brown and grey particles are mainly iron shards that may contain gold. They are melted along with the gold recovered in the gravity circuit.
Movie Shorts (You may need to download a Quicktime or other plug-in. Use the back arrow to return to this page)
Ore feed from crushing plant
Ore enters the primary ball mill
Feed end of primary ball mill
Long view of primary ball mill
Milled ore exits primary ball mill
Regrind mill
Banks of flotation cells
Close-up of a flotation cell
Top view of a leach tank
http://sangoldcorp.com/index.php?id=129
Recent News:
San Gold Develops High Grade "98" Vein at Rice Lake -
http://www.marketwire.com/mw/release_html_b1?release_id=179049
San Gold Finds New Vein at Depth -
http://www.marketwire.com/mw/release_html_b1?release_id=178030
San Gold Expands Resources Study Scope to Include Cartwright Mine Feasibility
http://www.marketwire.com/mw/release_html_b1?release_id=172294
San Gold Deep Drilling Yields Impressive Grades and Widths -
http://www.marketwire.com/mw/release_html_b1?release_id=169697
More Recent News:
http://www.sangoldcorp.com/index.php?option=com_content&task=category§ionid=1&id=1&a....
SAN Gold 2006
http://tinyurl.com/78l2t
SGR San Gold being poured into mould -
SGR San Gold dore brick cools in the mould -
This is the approach to SGR#1 - this SGR#2 Gold Mine -
is about 2 miles east of the main Rice Lake mine.
It is accessed through a declining passage cut through solid
rock, approximately 6000 feet long, descending until it reaches
good Gold Ore-bearings formations about 700 feet below
the surface -
SGR San Gold Mine -
A view of workers underground at level 5 in SGR#1 Au mine -
NorthLion thanks for SGR pictures and info.
SGR SChart TA Alert *** Bullish Flag - Pennant ***
Higher Grade Ore Encountered
in Deep Levels of
Rice Lake Mine --
Corporate Update
1/31/2006
http://tinyurl.com/a46u9
http://www.sangoldcorp.com/
WOW!! look how wide that vien is. Looks like they blasted over
20 feet wide. How much ore do you think Richard is standing on?
What is it worth at 1.2 oz/t? WOW!!
By: elementwise1
www.silverbearcafe.com/
http://tinyurl.com/bugz2
Dear Friend of GATA and Gold:
http://www.goldrush21.com/
San Gold - POG LT Chart TA Patterns -
What if you invest in San Gold and it become a LION -
ex. in 1975?..
take a look at the past gains in a few juniors:
$GOLD INDX Chart TA TI P&F Alert Bullish Price Objective $2,040.0 / oz
This is why I do buy SGR GOLD Mines -
The truth is that our financial system has now reached a terminal phase. Just look at the chart below. Really look at it. How can any financial system survive debt that is rising this fast? The printing and borrowing of money continues to spiral out of control with no end in sight. It is hard to imagine any scenario in which we can even achieve a "soft landing". One way or another, this exploding debt is going to take us down.....
So are the politicians sorry that they have saddled us with all of this debt?
http://www.mrci.com/pdf/gc.pdf
POG TA LT Chart 2001 - 2005 pattern -
in a larger scale -
is a reflexion and similar to -
POG TA LT Chart 1976 - 1979 pattern.
Q. -
POG TA LT Chart 2006 - 2007 pattern -
- to be a reflexion and similar to -
POG TA LT Chart 1979 - 1980 pattern ? -
San Gold is looking to produce a minimum
of 100,000 ounces in 2008 -
http://www.smartstox.com/interviews/sgr.php
Filmed at the World Gold, PGM and Diamond Investment Conference, held in Vancouver, June, 2006
A. -
The continuation of the 1979 - 1980 reflexion -
in a larger scale is still soon to be seen -
Gold in 2006 -
Everday Good for Gold -
http://www.sangoldcorp.com/
Production did begin from both mines in December
as ore was broken and is now being stockpiled
as the mill is still a couple of weeks from
being able to process.
We had to send out our grinding mill bearing
liners for machining to Sudbury which delayed
the mill start-up.
The mill is however able to process 1200 tons
per day and we are just beginning the mining
process, this year will average 400 tons per
day so catch-up on the milling side is not
a problem.
We will update in the form of a news release
when appropriate and enough of the new orebody
has been mined and sampled to warrant
such a release.
Best Regards,
Dale Ginn, P. Geo.
President - San Gold Corporation
(204) 794-5818
(807) 543-2435 fax
dginn@sangoldcorp.com
V.SGR MSP Detailed Quote -
http://www.investorshub.com/boards/quotes.asp?ticker=v.sgr
SAN GOLD Corp. DD ...
http://www.sangoldcorp.com
http://www.webpennys.com/profiles/san_gold_corp.html
SAN GOLD Richer Than Fort Knox?
About Fort Knox Gold -
http://www.apfn.net/Doc-100_bankruptcy10.htm
Red Lake Gold Mine is one of the lowest cost
gold producers but it didn't get this kind of high grade
gold drill result at shallow levels as San Gold got -
E.g.,
San Gold Corp. SGR should gain on the leader
Results from the infill drill program in the immediate area
of planned bulk sampling include drill hole
# CD-10-091 which
yielded 134 g/tonne (3.9 oz/ton) over 3.1 meters (10.2 ft)
at 240 meters (800 ft) below surface within a broader
intersection of 53 g/tonne (1.55 oz/ton) over 9.6 meters (31.5 ft).
Near surface or upper extension results were highlighted by drill
hole # CD-10-68 which
cut 26.5 g/tonne (0.77 oz/ton) over 3.3 meters (10.8 ft).
Results from the lower extension of the deposit include drill
hole # CD-10-040 which yielded 19 g/tonne (0.55 oz/ton) over 2.5 meters
(8.2 ft) at a depth of 411 meters (1,350 ft) below surface.
Nice to ride with an Au winner
Cool news release.
There should be a lot of visible gold once they break into
the High Grade Corridor.
It would be neat if they post photos.
http://www.sangold.ca/s/NewsReleases.asp?ReportID=409617&_Type=News-Releases&_Title=Bulk-Sampling-Commences-at-007-Zone-Drilling-Confirms-High-Grade-Corridor-O...
http://www.sangold.ca/s/Operations.asp
http://www.sangold.ca/s/PhotoGallery.asp
http://www.sangold.ca/s/Ops.asp?ReportID=402356&_Type=Operations-Items&_Title=The-Hinge-Mine
San Gold Corp. - Bissett History -
San Gold's Rice Lake Gold Mine -
http://www.granite.mb.ca/~bissett/history.html
San Antonio Gold Mine -
The San Antonio Gold Mine region
Mill, Office and No. 3 shaft,
San Antonio Gold Mine, Rice Lake, Manitoba.
Mill, Office and No. 3 shaft,
San Antonio Gold Mine, Rice Lake, Manitoba. 1
San Antonio Mine, Rice Lake District, 1929.
San Antonio Mine, Rice Lake District, 1929. 2
San Antonio Mine, Bissett.
San Antonio Mine, Bissett. 3
God's Lake gold mine. Mine buildings and settlement.
God's Lake, Manitoba.
God Bless
Gov. Debt - MOAB - Mother Of All Fiat Bubbles -
http://monetaadvisors.com/?p=67
Gold has replaced every fiat currency for the past 3000 years -
http://www.kwaves.com/fiat.htm
http://www.canadiancontent.net/commtr/fiat-currency-fall-dollar_958.html
Gold chart LT 2nd bull wave and most peaks in gold are
covered by a war ...
..in case of WW the gold producer -
need to be in strategic LT safest place -
http://investorshub.advfn.com/boards/board.aspx?board_id=5396
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54066855
Welcome to enjoy SGR -
InvestorsHub forum
Imo. Tia.
Brgds
Bob
http://www.goldrush21.com/
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
www.silverbearcafe.com/
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search=
Join GATA -
http://www.GATA.org.
http://www.vatican.va
http://tinyurl.com/365wag
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
Second wave LT trend started - of the 5-wave Elliott pattern -
The only caveat is please no attacking each other personally.
Welcome to the San Gold Corp. discussion board
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