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soupersue welcome to San Gold Corporation (TSE:SGR
it has been many share consolidations and roll backs
since the San Antonio Gold Mine time -
but its history and a collector value -
still worth what someone would like to pay for it?
God Bless
Are San Antonio Stock certificates worth anything these days? I just came across a few buried with old papers of my grandfather's and wondered if they were still valid.
Gold to Surge to $12,000/oz and Silver to $450/oz
Cazenove's Robin Griffiths
http://m.ibtimes.com/gold-silver-platinum-palladium-rhodium-precious-metals-145282.html
San Gold Reports Improved Results
2011-05-13 01:01 ET - News Release
TSX: SGR || OTCQX: SGRCF
BISSETT, MB, May 13 /PRNewswire-FirstCall/ -
George Pirie, President and CEO of San Gold Corporation,
(TSX: SGR) (OTCQX: SGRCF) released the company's first quarter
2011 financial statements today.
They reflect a large improvement in performance at
the Rice Lake Project in Bissett.
Mr. Pirie said "that San Gold continues to be one of the most
exciting gold mining and exploration companies in Canada
with huge gold potential.
We expect production to increase and cash costs per ounce
of gold to decrease substantially throughout the balance
of 2011.
In addition, we continue with a very aggressive exploration
drilling program, on the large prospective land package
surrounding the operating mines. This drilling program
demonstrates the size and strength of the gold mineralization
within the newly discovered Shoreline Basalt and is allowing
us to develop a new mine complex along this mafic unit."
The Company recognized revenue of $19.8 MM during the quarter
and experienced an operating income from operations of $3.2 MM.
The comprehensive loss from operations for the quarter
was $5.3 MM.
Comparable figures for the first quarter of 2010 are revenue
of $14.0 MM, operating loss of $2.3 MM and a comprehensive
loss of $2.7 MM.
The quarter generated positive cash flow from operations of
$4.4 MM.
Cash cost was $862 per ounce and $146 per ton.
This represents a 60% reduction in cash cost per ton
in comparison to the same quarter last year and a 35%
reduction in the cash cost per ounce.
This is consistent with management's objective of reducing
costs this year as we transition to a steady state producer.
(Please see discussion on Non-IFRS financial measures for
a detailed calculation and reconciliation of these figures
to our IFRS financial statements).
San Gold completed 87,000 metres of diamond during the first quarter of 2011. Of this, about 44,000 metres was drilled underground with the balance of 43,000 metres drilled from surface. These totals are slightly ahead of San Gold's 2011 plan.
San Gold invested $10.7 MM for the purchase of equipment during the quarter and capitalized development on mineral properties of $12.9 MM. This Capital investment positions San Gold well early in 2011 to achieve the budgeted increases in mine and mill production. San Gold maintains its expectation to produce 80,000 ounces during 2011 and approach cash costs of $650 per ounce by year end.
As at March 31st, 2011, the Company had a working capital surplus of $59.0 MM compared to a working capital surplus of $33.2 MM at March 31st, 2010. During the quarter, the Company completed a Flow-Through financing designed to fund exploration expenditure through 2011 and into 2012. Liquidity remains excellent and the Company continues to have sufficient cash reserves to meet currently planned exploration and development activities.
The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.
SAN GOLD CORPORATION
CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
FOR THE THREE MONTH PERIOD ENDED MARCH 31
2011 2010
REVENUE $ 19,817,478 $ 13,988,260
OPERATIONS
Operations (Note 16) 16,619,833 16,278,889
INCOME (LOSS) FROM OPERATIONS 3,197,645 (2,290,629)
Exploration 5,305,747 2,662,783
General and administrative (Note 17) 3,170,564 3,247,710
LOSS BEFORE OTHER REVENUE AND EXPENSES 5,278,666 8,201,122
OTHER REVENUE AND EXPENSES
Finance income - net (Note 18) 61,533 75,266
Finance costs (Note 18) (118,636) (35,808)
Equity loss of associate (Note 9) - (128,667)
LOSS BEFORE INCOME TAX 5,335,769 8,290,331
Income tax recovery on flow-through shares (Note 19) - 5,568,350
TOTAL LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD 5,335,769 2,721,981
LOSS PER COMMON SHARE: Basic & diluted (Note 22) $ 0.02 $ 0.01
For further information contact San Gold Corporation at 1-800-321-8564 or visit www.sangold.ca
futr
San Gold Completes Crusher Installation, Increases Mill Throughput
Apr. 27, 2011 (PR Newswire) --
TSX: SGR | OTCQX: SGRCF
http://www.sangold.ca
BISSETT, MB, April 27 /PRNewswire/ -
George Pirie, President and CEO of San Gold Corporation
(TSX: SGR) (OTCQX: SGRCF) is pleased to report that crushing
plant upgrades have been completed and that test milling has
shown a large increase in production capacity for Rice Lake
Project mill operations.
The first full week of operations using the improved crushing
circuit (April 15 to April 21) realized an average of 1,513 tons
per day processed, including an all-time daily record of 1,679 tons.
Recovery rates were maintained at 94% during this period.
"These capital improvements were completed ahead of schedule and
have increased our mill's capacity beyond design
specifications," said Mr. Pirie.
"This, combined with strong production tonnages keeping ore out
in front of the mill, marks another important step toward
establishing a steady-state production profile."
The crushing plant upgrades were completed during the first four
days of April and consisted of the installation of a new Metso
mobile gyratory crusher as well as a new Barmac mobile tertiary
crusher.
A new Elrus primary jaw crusher was previously installed in
January.
The combined result of these installations is an increase from
210 hp to 750 hp, allowing for increased throughput while
reducing the size of the feed reporting to the grinding
circuit.
Further capacity increases are anticipated towards 1,800 tons
per day or higher this year as this new equipment is optimized
and a larger capacity screening plant is installed in June.
San Gold Corporation is an emerging gold producer located in
south-east Manitoba, immediately west of Red Lake, Ontario.
The company is on track to produce over 80,000 ounces in 2011.
San Gold is also an aggressive explorer and developer,
discovering seven gold deposits and developing four over
the past five years.
The company is on track to complete over 300,000 meters of
diamond drilling this year.
Drilling and development efforts are currently concentrated
along a new mining horizon known as the Shoreline Basalt.
The Shoreline Basalt deposits, which include L10, L13, 007, 007
East and Emperor, are fully accessible from surface and to
depths of over 2,000 meters using the modern mine infrastructure
already in place at the Rice Lake Mine.
This year's drilling and development program will mark a key
step in San Gold's long-term plan to develop a new mine
complex along the Shoreline Basalt.
The information in this release may contain forward-looking
information under applicable securities laws. This forward-
looking information is subject to known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially from those implied in the forward-looking
information.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
SOURCE San Gold Corporation
God Bless
San Gold Corp (SGR) fiat$3.02 UP $0.2 +7.09%
Volume: 696,331 @ 11:18:05 AM ET Strong Demand
Bid Ask Day's Range
3.01 3.02 2.82 - 3.03
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62159980
Texas university endowment's gold investment will prompt others,
Lassonde tells King World News
Submitted by cpowell on Sun, 2011-04-17 00:28.
Section: Daily Dispatches
9:11p ET Saturday, April 16, 2011
Dear Friend of GATA and Gold:
Interviewed today by King World News, gold mining entrepreneur
Pierre Lassonde predicts that the huge investment in gold by
the endowment fund of the University of Texas will prompt other
institutional investors to invest in real metal.
An excerpt from the interview has been posted at
the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/16_Pierre_Lassonde_-_Texas_University_Buys_%241_Billion_of_Gold_Bars.html
A Bloomberg News report about the investment is appended.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Texas University Endowment Storing About $1 Billion in Gold Bars
By David Mildenberg and Pham-Duy Nguyen
Bloomberg News
Friday, April 15, 2011
http://www.bloomberg.com/news/2011-04-15/texas-university-endowment-holds-almost-1-billion-in-gold-bars.html
The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion as the metal reaches a record, according to the fund's board.
The fund, whose $19.9 billion in assets ranked it behind Harvard University's endowment as of August, according to the National Association of College and University Business Officers, last year added about $500 million in gold investments to an existing stake, said Bruce Zimmerman, the endowment's chief executive officer. The holdings reached about $987 million yesterday, as Comex futures closed at $1,486 an ounce.
... Dispatch continues below ...
San Gold is controversial because its underground facility has not been very profitable, and production has been modest. However, that may be changing now that it has established subterranean drilling platforms and successfully probed for high grade veins. It operates at Rice Lake in Manitoba. Management feels the area is geologically analogous to the Red Lake district in Ontario, an area where Goldcorp has substantial production, and which has been explored one hundred times as much.
http://baltimore.citybizlist.com/1/2011/2/7/Gaineswood-Quarterly-Highlights--December-2010.aspx
San Gold Corp (SGR) fiat$2.92 UP $0.24 +8.96%
Volume: 2,337,307 @ 3:59:46 PM ET Strong Demand
Bid Ask Day's Range
2.92 2.93 2.7 - 2.93
TSE:SGR Detailed Quote
San Gold First Quarter Mine Production Outpaces Current Mill
Capacity
So they're mining more-gold than they can process??
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61762259
San Gold Corporation - 007 East Zone Expands Along Shoreline Basalt
Apr. 7, 2011 (PR Newswire) --
TSX: SGR || OTCQX: SGRCF
http://www.sangold.ca
http://tmx.quotemedia.com/article.php?newsid=40138133&qm_symbol=SGR
Look at the L2! Breaking out!
SGRCF winding up to explode!
Highly undervalued gold mining operation with very encouraging increasing in gold production with decreasing operating costs.
This should move up to 4.00+ easily by the fundamentals alone. From right now, that's a 38% jump.
Plus you have gold prices increeasing.
This has allot of upside potential and minimal downside risk.
So they're mining more-gold than they can process??
San Gold First Quarter Mine Production Outpaces Current Mill Capacity
Apr. 5, 2011 (PR Newswire) --
TSX: SGR || OTCQX: SGRCF
www.sangold.ca
BISSETT, MB, April 5 /PRNewswire/ - George Pirie, President
and CEO of San Gold Corporation,
(TSX: SGR) (OTCQX: SGRCF) is pleased to announce
preliminary first quarter production and development results
from the Rice Lake Project in Manitoba, Canada.
"Ore production from the company's two mines exceeded current
mill capacity through the last half of the quarter, finishing
the period with more than two weeks of ore stockpiled,"
said Mr. Pirie.
"This is an important milestone for achieving steady-state
production at the Rice Lake Project."
For the quarter ended March 31, 2011, San Gold milled and
processed a record 82,792 tons, including both production
and development ore, at a head grade of 7.1 g/tonne
to produce 14,690 oz gold.
San Gold mines produced 102,000 tons, an average of 1,133 tons
per day, to end the quarter with nearly 20,000 tons of ore
stockpiled ahead of the mill on surface (representing an
additional estimated 3,500 oz gold).
Mill operations averaged 920 tons per day and achieved a recovery
rate of 93.9%.
Over 3,840 meters (12,600 ft) of primary development
was completed during the quarter at
the Rice Lake Mine,
Hinge Mine,
007 Project,
and the new L10 access.
Thirteen diamond drills were in operation during the quarter
from both underground and surface stations.
Additional drills are to be deployed during the second quarter.
Modernization of the 26 Level (4,000 ft) of the Rice Lake Mine
continued in order to provide fully mechanized access for
mining and haulage as well as to provide drill platforms
for the exploration of the potential down-dip extensions
of the Hinge, L10, L13 and 007 zones at depth.
Drill stations are being prepared on the 16 Level (2,400 ft)
in order begin drilling downward extensions of these zones
as well.
Development at the Hinge Mine continued with the main decline,
diamond drill platforms and initial development towards
the newly discovered L4 and L10 zones.
The 007 Zone was accessed from the Hinge Mine during the quarter
with initial bulk sampling completed and sill development
underway.
Access from the Hinge Mine is well underway towards the L10 Zone,
where initial ore development is expected to begin in May.
Replacement and upgrade of the cone crusher, scheduled for early
April, combined with the new jaw crusher are expected to
increase mill capacity by 20 to 25 percent.
These improvements are expected to cause five days of downtime
for the mill but should not significantly affect
second quarter results.
Major capital projects for the first quarter included:
Replacement and upgrade of jaw crusher to 150 hp Elrus.
Completion of new central maintenance facility.
Commence mill capacity expansion project in crushing
and flotation circuits.
Arrival of additional mobile mining equipment.
Continued power distribution upgrade.
A total of 77,497 meters (254,251 ft) of diamond drilling
was completed with 43,840 meters (143,830 ft) originating
from underground stations and 33,657 meters (110,421 ft)
from surface exploration.
Underground drilling at the Hinge Mine remains focused on
the discovery and delineation of the L4 and L10 zones
which exhibit robust widths and grade below and
in close proximity to the Hinge mine workings.
Underground drilling at the 007 Zone continues to be extremely
successful in extending the 007 zones to the east with
consistent strong widths and grade.
Rice Lake Mine exploration drilling is concentrating on
defining extensions to the Hinge, L10 and 007 zones
between 4,000 and 4,500 feet (1,220 m to 1,370 m)
in close proximity to the 26 Level mine workings.
This target area is approximately 1,000 meters (3,280 feet)
down dip and below the lowest surface drill intercepts
of the Hinge, L10 and 007 zones.
As well, this drilling is expanding on the large 84
and 98 vein systems located above the 26 Level.
Surface drilling focused on the 007, 007 East and
Emperor Zones as well as numerous new targets within
a 5 km radius of the Rice Lake Mine.
"San Gold management is pleased with first quarter 2011
mining results that are in line with 2011 gold production
guidance of 80,000 ounces and we are looking forward to
an exciting second quarter.
We anticipate a healthy news flow on the exploration front
in keeping with the outstanding performance of our
exploration and mine geologists," said Mr. Pirie.
The information in this release may contain forward-looking
information under applicable securities laws. This forward-
looking information is subject to known and unknown risks,
uncertainties and other factors that may cause actual
results to differ materially from those implied in
the forward-looking information.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
http://www.sangold.ca
SOURCE San Gold Corporation
Chart shows bullish turn + allot of room-back-up
NYBob, you're right on the money
San Gold Corp (SGR) funfiat$2.64 UP $0.17 +6.88%
Volume: 1,889,527 @ 4:00:00 PM ET Strong Demand
Bid Ask Day's Range
2.63 2.64 2.45 - 2.65
TSE:SGR Detailed Quote
SGR chart TA Alert bullish turnaround start
Today’s Candlestick Patterns: Long White Candlestick
Bullish Engulfing
Today a Long White Candlestick was formed
This shows that the prices advanced significantly from
open to close during the day under strong buying pressure
$GOLD Index chart LT TA bullish breakout start
San Gold 2011 Outlook:
Gold production of 80,000 oz (2,488 kg), starting
at 15,000 oz in Q1 and increasing to 25,000 oz in Q4
Increase in production to an average of 1,200 tons per day,
exiting the year at 1,400 tons per day and
cash cost approaching $650 per ounce.
Exploration expenditures in excess of $20 MM near surface
along Shoreline Basalt and at depth along projections
of existing zones.
Significant Capital Development planned to access new faces
at 007, 007 East, Cohiba, L10, and L13 zones
San Gold Corp says 2011 production to jump 84%
The Canadian gold firm says it also expects significant cost
reductions in the coming year as operations get closer
to efficiency
Posted: Monday , 28 Mar 2011
(Reuters) -
Canada's San Gold Corp expects an 84 percent jump in 2011 production
and said it sees "significant cost reductions in the coming year
as operations get closer to efficient levels of production."
The company, which mainly explores gold in the Bissett area of Manitoba
and produces from its underground mine in the Rice Lake area of Manitoba,
forecast 2011 production of 80,000 ounces.
In 2010, it produced 43,498 ounces of gold.
Cash costs in 2011 are budgeted to start the year at about
$1,060 per ounce and end the year approaching $650 per ounce,
the company said.
In 2010, overall cash cost was $1,105 per ounce.
The company reported revenue of $58.0 million in 2010,
compared with $27.8 million in the year ago.
(Reporting by Bhaswati Mukhopadhyay in Bangalore;
Editing by Jarshad Kakkrakandy)
http://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=123850&sn=Detail&pid=32
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http://investorshub.advfn.com/boards/board.aspx?board_id=5396
They need to prove they can control cost.
To high right now.
sweet. Why is SGR so undervalued?
- Gold is going up
- SGR is increasing their production by 84%
- SGR is decreasing their production costs by 40%
I see no reason why this shouldn't be a $4-$5 pps!! What am I missing?
SGR Gold fiat$1438.90/oz UP $10/oz
SGRCF chart TA bull to breakout
2011 Outlook:
Gold production of 80,000 oz (2,488 kg), starting at 15,000 oz in Q1 and increasing to 25,000 oz in Q4
Increase in production to an average of 1,200 tons per day, exiting the year at 1,400 tons per day and cash cost approaching $650 per ounce.
Exploration expenditures in excess of $20 MM near surface along Shoreline Basalt and at depth along projections of existing zones.
Significant Capital Development planned to access new faces at 007, 007 East, Cohiba, L10, and L13 zones
San Gold Corp says 2011 production to jump 84%
The Canadian gold firm says it also expects significant cost
reductions in the coming year as operations get closer
to efficiency
Posted: Monday , 28 Mar 2011
(Reuters) -
Canada's San Gold Corp expects an 84 percent jump in 2011 production
and said it sees "significant cost reductions in the coming year
as operations get closer to efficient levels of production."
The company, which mainly explores gold in the Bissett area of Manitoba
and produces from its underground mine in the Rice Lake area of Manitoba,
forecast 2011 production of 80,000 ounces.
In 2010, it produced 43,498 ounces of gold.
Cash costs in 2011 are budgeted to start the year at about
$1,060 per ounce and end the year approaching $650 per ounce,
the company said.
In 2010, overall cash cost was $1,105 per ounce.
The company reported revenue of $58.0 million in 2010,
compared with $27.8 million in the year ago.
(Reporting by Bhaswati Mukhopadhyay in Bangalore;
Editing by Jarshad Kakkrakandy)
http://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=123850&sn=Detail&pid=32
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http://investorshub.advfn.com/boards/board.aspx?board_id=5396
hotdog Nice to see you here
Really appreciate all your great DD on San Gold.
Looks like this should be a good year or two with them!
SGR Gold Spot (FOREX:XAUUSDO)
1434.10 +6.72 (+0.47%)
Thanks hotdog... Nice to see you here - hope all in SGR get
good 2011 year
Really appreciate all your great DD on San Gold. Looks like this should be a good year or two with them!
2011 Outlook:
Gold production of 80,000 oz (2,488 kg), starting at 15,000 oz in Q1 and increasing to 25,000 oz in Q4
Increase in production to an average of 1,200 tons per day, exiting the year at 1,400 tons per day and cash cost approaching $650 per ounce.
Exploration expenditures in excess of $20 MM near surface along Shoreline Basalt and at depth along projections of existing zones.
Significant Capital Development planned to access new faces at 007, 007 East, Cohiba, L10, and L13 zones
San Gold Corp says 2011 production to jump 84%
The Canadian gold firm says it also expects significant cost
reductions in the coming year as operations get closer
to efficiency
Posted: Monday , 28 Mar 2011
(Reuters) -
Canada's San Gold Corp expects an 84 percent jump in 2011 production
and said it sees "significant cost reductions in the coming year
as operations get closer to efficient levels of production."
The company, which mainly explores gold in the Bissett area of Manitoba
and produces from its underground mine in the Rice Lake area of Manitoba,
forecast 2011 production of 80,000 ounces.
In 2010, it produced 43,498 ounces of gold.
Cash costs in 2011 are budgeted to start the year at about
$1,060 per ounce and end the year approaching $650 per ounce,
the company said.
In 2010, overall cash cost was $1,105 per ounce.
The company reported revenue of $58.0 million in 2010,
compared with $27.8 million in the year ago.
Shares of San Gold were down 3 Canadian cents at C$2.62 on Monday on the Toronto Stock Exchange.
(Reporting by Bhaswati Mukhopadhyay in Bangalore;
Editing by Jarshad Kakkrakandy)
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Thanks NYBob...you and I played BQI together for a few years. Nice to see you here.
Really appreciate all your great DD on San Gold. Looks like this should be a good year or two with them!
hotdog1012 welcome to San Gold Corporation (TSE:SGR
good to see you here
San Gold Corp says 2011 production to jump 84%
The Canadian gold firm says it also expects significant cost
reductions in the coming year as operations get closer
to efficiency
Posted: Monday , 28 Mar 2011
(Reuters) -
Canada's San Gold Corp expects an 84 percent jump in 2011 production
and said it sees "significant cost reductions in the coming year
as operations get closer to efficient levels of production."
The company, which mainly explores gold in the Bissett area of Manitoba
and produces from its underground mine in the Rice Lake area of Manitoba,
forecast 2011 production of 80,000 ounces.
In 2010, it produced 43,498 ounces of gold.
Cash costs in 2011 are budgeted to start the year at about
$1,060 per ounce and end the year approaching $650 per ounce,
the company said.
In 2010, overall cash cost was $1,105 per ounce.
The company reported revenue of $58.0 million in 2010,
compared with $27.8 million in the year ago.
Shares of San Gold were down 3 Canadian cents at C$2.62 on Monday on the Toronto Stock Exchange.
(Reporting by Bhaswati Mukhopadhyay in Bangalore;
Editing by Jarshad Kakkrakandy)
http://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=123850&sn=Detail&pid=32
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http://investorshub.advfn.com/boards/board.aspx?board_id=5396
Just joined in with you all for a starter. Looks really nice!
And such a great board too!
San Gold Corp says 2011 production to jump 84%
The Canadian gold firm says it also expects significant cost
reductions in the coming year as operations get closer
to efficiency
Posted: Monday , 28 Mar 2011
(Reuters) -
Canada's San Gold Corp expects an 84 percent jump in 2011 production
and said it sees "significant cost reductions in the coming year
as operations get closer to efficient levels of production."
The company, which mainly explores gold in the Bissett area of Manitoba
and produces from its underground mine in the Rice Lake area of Manitoba,
forecast 2011 production of 80,000 ounces.
In 2010, it produced 43,498 ounces of gold.
Cash costs in 2011 are budgeted to start the year at about
$1,060 per ounce and end the year approaching $650 per ounce,
the company said.
In 2010, overall cash cost was $1,105 per ounce.
The company reported revenue of $58.0 million in 2010,
compared with $27.8 million in the year ago.
Shares of San Gold were down 3 Canadian cents at C$2.62 on Monday on the Toronto Stock Exchange.
(Reporting by Bhaswati Mukhopadhyay in Bangalore;
Editing by Jarshad Kakkrakandy)
http://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=123850&sn=Detail&pid=32
SGR/ SGRCF Explosive Setup in Gold and Gold Shares
Gold, following historical precedence, is leading.
Gold led the gold shares until 2010 breakout.
The gold shares, despite the constant wall of worry,
have played an impressive game of catch since 2009.
Gold is currently probing the upper trading channel
(green circle).
This is an explosive setup for both gold and gold shares.
Yet, most investors tend to 'see' only fear and doubt during
the dips and rallies, respectively.
This suggests that recognition is still very early.
Gold and Gold Stocks Side by Side Comparison:
San Gold Corp to Release 2010 Financial and Operating Results
Mar. 25, 2011 (PR Newswire) --
BISSETT, MB, March 25 /PRNewswire-FirstCall/ -
San Gold Corporation
(Bissett, Manitoba) (TSX: SGR) (OTCQX: SGRCF) will release
its 2010 Financial and Operating results before markets open
on Monday, March 28, 2011 and will hold a conference call at
12 pm Central (1 pm Eastern) the same day to discuss the results.
To participate in the conference call,
please dial 1-647-427-7450 or 1-888-231-8191.
A replay will be available until April 4, 2011, at 11:59 p.m.
(Eastern Time) by calling 1-416-849-0833 or 1-800-642-1687
and entering the passcode 55306166.
To listen to the webcast, please visit
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3455760.
SOURCE San Gold Corporation
TSX:SGR || OTCQX:SGRCF
http://www.sangold.ca
http://tmx.quotemedia.com/quote.php?qm_symbol=SGR
San Gold Closed their last PP[March 15,2011 @ $3.75 Canadian-
which is > than $3.80 U.S.!
Does anyone see value here?!LOL!
March 15, 2011
For further information, contact:
Investor Relations
1-800-321-8564
Bissett, MB
TSX:SGR || OTCQX:SGRCF
www.sangold.ca
San Gold Corporation Announces Closing of Private Placement
Mr. George Pirie, President and CEO of San Gold Corporation, (Bissett, Manitoba) (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 co-led by
Primary Capital Inc. and CIBC and including Dundee Securities
Ltd. (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 7,957,700 Flow-Through Shares
at a price of $3.75 per Flow-Through Share for total gross
proceeds to the Company of $29,841,375.
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
and development 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 contact Investor Relations at 1-800-321-8564 or visit
http://www.sangold.ca
San Gold Corporation Announces Closing of Private Placement
Mar. 15, 2011 (Canada NewsWire Group) --
TSX: SGR || OTCQX: SGRCF
BISSETT, MB, March 15 /CNW/ -
Mr. George Pirie, President and CEO of San Gold Corporation,
(Bissett, Manitoba) (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 co-led by Primary Capital Inc. and CIBC
and including Dundee Securities Ltd. (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 7,957,700 Flow-Through Shares
at a price of $3.75 per Flow-Through Share for total gross
proceeds to the Company of $29,841,375.
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
and development 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.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.
contact Investor Relations at 1-800-321-8564 or visit
http://www.sangold.ca
http://tmx.quotemedia.com/article.php?newsid=39601678&qm_symbol=SGR
San Gold Corp to Release 2010 Financial and Operating Results
Mar. 25, 2011 (PR Newswire) --
BISSETT, MB, March 25 /PRNewswire-FirstCall/ -
San Gold Corporation
(Bissett, Manitoba) (TSX: SGR) (OTCQX: SGRCF) will release
its 2010 Financial and Operating results before markets open
on Monday, March 28, 2011 and will hold a conference call at
12 pm Central (1 pm Eastern) the same day to discuss the results.
To participate in the conference call,
please dial 1-647-427-7450 or 1-888-231-8191.
A replay will be available until April 4, 2011, at 11:59 p.m.
(Eastern Time) by calling 1-416-849-0833 or 1-800-642-1687
and entering the passcode 55306166.
To listen to the webcast, please visit
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3455760.
SOURCE San Gold Corporation
TSX:SGR || OTCQX:SGRCF
http://www.sangold.ca
http://tmx.quotemedia.com/quote.php?qm_symbol=SGR
That’s Gold $56,000 an ounce...this massive gold reserve
would have to increase 40 times just to cover the debt of US !?!
Gold production is decreasing due to few great Gold mine discoveryes.
Witwatersrand played a big rule in gold offer since 1970
and people investing in Gold should observe the whole
around this metal.
I have seen predictions of Gold falling back to USD 300/oz
(speculation) and I have also seen predictions for
Gold reaching USD 9000/oz considering industrial consumption
and mining? supply.
Gold Mining production is around 2500 ton/year and demand
around 3800 ton/ year. Take your own conclusions.
The United States holds the largest gold reserve in the world.
With 8,133.5 tonnes, (241, 207, 076 oz) the US gold holdings
are worth approximately $337.67 billion.
This massive gold reserve would have to increase 40 times
just to cover the debt !!
That’s $56,000 a once.
But the us already defaulted on? its gold reserves back in 1971.
So whatever the us has or doesnt have in gold isnt being sold.
Roosevelt already defaulted on gold back in 1933.
Nixon defaulted on foreign creditors in 1971.
Assuming the us still has gold, how much dollars must the us
print in order to turn 300 billion dollars worth of gold
into 14 trillion?
For the full 2 hours dvd watch here:
James Turk Gold 8000 Hyperinflation a sure thing
Tuesday, March 15, 2011 11:19
..NYBob, have you ever heard any stories about Vanson mine just North of San sitting on the same structure as San MINERAL INVENTORY FILE NO. 282 ______________________________________________________________________________________________________ PRODUCT GOLD NTS AREA 52M4SE REF. AU 12 ______________________________________________________________________________________________________ NAME OF PROPERTY VANSON MINE (Syndicate Nos. 9, 10)
OWNER OF OPERATOR ADDRESS 1985 - Walter N. Baker
15 Kirkland Street
Swastika, ON P0K 1T0 OBJECT LOCATED Shaft MINING DIVISION Winnipeg Latitude 51° 02.8’ Longitude 95° 39.2’ Uncertainty (m) 50 m UTM Zone _____ Easting _______ Northing _______ L.S./Quarter Section ___ Section ___ Township 24 Range 13 EPM DESCRIPTION OF DEPOSIT Gold is found in northwest trending shear zones that dip steeply north. The southern part of the property is underlain by Precambrian metasediments. Granitic rocks outcrop in the northern sector. Foliation in the granite follows the contact between it and the metasediments. The shaft, as well as most exploratory work, was located in the metasediments.
The metasediments are quartzites and greenstones. The latter contain chlorite, hornblende, epidote, and quartz, and are often altered and sheared. Quartz veins in the greenstones are discontinuous and varying in width. They are primarily lenticular. Aplite dykes are sometimes associated with the greenstone lenses.
Ore was taken from two veins. The shaft was sunk on Vein No. 1. Vein No.\2, intersected on the 69 m level in the shaft, gave some high assays, but overall assays were erratic. Iron sulphides were found in another vein on this level. A fault intersects the shaft at a depth of 38 m. Some of the quartz veins widen with depth. ASSOCIATED MINERALS OR PRODUCTS OF VALUE N/A HISTORY OF EXPLORATION AND DEVELOPMENT The deposit is located about 2.4 km northeast of the San Antonio Mine, north of the Wanipigow (Hole) River and 1.6 km north of Provincial Road No.\304. Early staking of the property was as follows:
1924 Syndicate No. 9 38054 E. Arnovitch
- assigned to R.W. Killey in 1927
1924 Syndicate No. 10 38066 S. Bubis
- assigned to R.W. Rilley in 1925.
The claims were explored and developed by a syndicate. A shaft on Syndicate No. 9 was begun in 1926 and 1927. In 1935 this shaft was deepened and expanded until it reached a depth of 148 m. In 1932 Vanson Gold Mines Limited was formed and took control of Syndicate No. 9 and 10, along with several other claims. A 23 tonne capacity mill was installed in 1933. This mill proved unsatisfactory and was replaced by a 2-stamp mill with a capacity of about 16.3 tonnes per day. Newspaper reports mention the ore was running $11 per tonne and some gold was produced (Manitoba Mines Branch). Some trenching was done on other Syndicate claims. Spectacular high grade ore was reported in 1932 and 1934 (Manitoba Mines Branch, Company Report 1932). Early in 1934 Vanson Manitoba Gold Mines Limited took control of Vanson Gold Mines Limited.
By February of 1935 the shaft was completed. It had four levels, of which the 69 m and the 145 m levels were most developed. Channel samples on the 69 m level of the No. 2 vein yielded assays of trace to 27.09 g/tonne (0.79 oz/ton) gold. Cross-cuts were made on all levels. John Houston observed visible gold all the way down the shaft. He also recommended more exploration before any further development (Manitoba Mines Branch).
A company town was built; and equipment was converted from steam to electricity. Diamond drilling totalling 277 m was done from the bottom of the shaft. Small isolated high grade occurrences were noted by J.A. Reid in his report to the company, however he did not think they were of economic importance (Manitoba Mines Branch).
Samples from the 145 m level gave assay values of less than 0.69 g/tonne (0.02 oz/ton) gold. The drill hole in the bottom of the shaft gave similar values.
Houston and Reid did not feel the property could be economically developed, and operations were discontinued in 1935. In July 1953, the claims were cancelled.
In 1953 John Donner and G. Fontane staked Rita 21 (W 22022) and Rita 26 (W 20027), respectively. Ownership was transferred to Art Callari in 1969. The claims lapsed in 1974.
In 1978 W. Baker and C.J. Baker staked W 46004 and CB 9591, respectively, over the deposit. Esso Resources Canada Limited acquired the property in 1980 and carried out geological mapping, line cutting, and prospecting in 1981. Ownership of the claims was transferred to W. Baker in 1985. HISTORY OF PRODUCTION Production Gold Est.
(Tonnes) g (oz.) Fineness Process
18 79.9 (2.57) 800 amalgamation in Tremain mill
Source: Reid (1935) REFERENCES Amukun, S.E., 1969: Petrology of the Gold-bearing Vein Rocks from Bissett Area, Southeast Manitoba; University of Manitoba, Unpublished M.Sc Thesis.
Davies, J.F., 1949: Geology of the Wanipigow Lake area; Manitoba Mines Branch, Report 48-2.
Davies, J.F., 1950: Geology of the Wanipigow River Area; Manitoba Mines Branch; Publication 49-3.
Davies, J.F., 1963: Geology of Gold Deposits of the Rice Lake-Wanipigow River area, Manitoba; University of Toronto, Unpublished Ph.D. Thesis.
Bannatyne, B.B., Barry, G.S. and McCabe, H.R., 1962: Geology and Mineral Resources of Manitoba; Manitoba Mines Branch.
DeLury, J.S., 1920: Mineral Prospects in Southeastern Manitoba, Rice Lake, Maskwa River, and Boundary Districts; Manitoba Government Bulletin.
DeLury, J.S., 1927: The Mineral Resources of Southeastern Manitoba; Rice Lake District, Oiseau River District, Boundary District; Industrial Development Board, Manitoba.
Ermanovics, I.F., 1970: Precambrian Geology of Hecla-Carroll Lake Map Area, Manitoba-Ontario; Geological Survey of Canada, Paper 69-42.
Manitoba Mines Branch: Corporation Files; Vanson Manitoba Mines Limited.
Marr, J., 1970: Petrology of the Northern Granitic Rocks Wanipigow River; University of Manitoba, Unpublished M.Sc Thesis.
McRitchie, W.D. and Weber, W. et al., 1971: Geology and Geophysics of the Rice Lake Region, Southeastern Manitoba (Project Pioneer); Manitoba Mines Branch, Publication 71-1.
Reid, J.A., 1935: Report on the Vanson Manitoba Gold Mines Limited, Manitoba Mines Branch, Corporation Files, Vanson Manitoba Gold Mines Limited.
Stephenson, J.F., 1972: Gold Deposits of the Rice Lake-Beresford Lake Area, Southeastern Manitoba; University of Manitoba, Unpublished Ph.D. Thesis.
Stockwell, C.H., 1938: Rice Lake-Gold Lake Area, Southeastern Manitoba; Geological Survey of Canada, Memoir 210.
Stockwell, C.H., 1942: Preliminary Map, Rice Lake; Geological Survey of Canada, Publication 49-15.
Stockwell, C.H., 1945: Rice Lake (marginal notes); Geological Survey of Canada.
Wright, J.F., 1923: ice Lake Map Area, Southeastern Manitoba; Geological Survey of Canada, Summary Report 1922, Part C.
Wright, J.F., 1932: Geology and Mineral Deposits of a Part of Southeastern Manitoba; Geological Survey of Canada, Memoir 169. MAP REFERENCES Map 52 M/4, Wanipigow (Topographic), Scale 1:50 000, Surveys & Mapping Branch, Ottawa.
Map 1992, Portion of Rice Lake Mining District, southeast Manitoba (Geological), Scale 1:63/360; accompanying report by Wright (1923); Geological Survey of Canada.
Map 11-1969, Hecla and Carroll Lake (Geological), Scale 1:250 000 - Accompanying report by Ermanovics (1970), Geological Survey of Canada.
Map 71-1/4, Geology of the Wanipigow River-Manigotagan River Region (Geological), Scale 1:63\360; accompanying report by McRitchie and Weber (1971), Manitoba Mines Branch.
Map 810 A, Rice Lake (Geological), Scale 1:63 360; accompanying marginal notes by Stockwell (1945), Geological Survey of Canada.
Map 49-3, Wanipigow River area (Geological), Scale 1:31 680; accompanying report by Davies (1950), Manitoba Mines Branch.
Map 42-15, Rice Lake (Geological), Scale 1:31 680; accompanying marginal notes by Stockwell (1942), Geological Survey of Canada.
Map (unpublished), Geology of the Rice Lake-Wanipigow River area (Geological), Scale 1:31 680; accompanying Ph.D. thesis by Davies (1963).
Map 4073G, Wanipigow (Aeromagnetic), Scale 1:63 360, Manitoba Mines Branch and Geological Survey of Canada.
Claim Map Series 52 M/4SE, Scale 1:31 680, circa 1953, Mining Recording, Manitoba Mines Branch. URL N/A REMARKS Surface work was done on Syndicate No. 7 (W 38055). A vein was traced for 186 m. Trenching, pits and diamond drilling revealed samples which assayed from 0.34 g/tonne (.01 oz/ton) to 20.2 g/tonne (0.59 oz/ton), with 0.34 g/tonne (.01 oz/ton) being the normal value. Heavy overburden halted trenching and necessitated drilling. Width of the vein ranged from 1.22 to 3.1 m. Showings in Syndicate No. 7 were found in schist enclosed by gneissic granite. The enclosed rock is probably a highly altered basic dyke or a greenstone inclusion.
Surface sampling of other Syhdicate claims gave assay values of trace to 0.69 g/tonne (0.02 oz/ton) gold.
The deposit is probably related to the gold deposit on Luana M.C. (52 M/4, AU 13) about 5.6 km southeast of Syndicate No. 9 and 10. NOTES N/A Compiled/Revised by: SMH JR Date 07-74 08-85
Traps7 thanks for good info NYBob, i firsr start buying San at $ 0.42 back in 05. I bump into Mr. Hugh Wynn at the recent PDAC show in On Canada. Reading between the lines, sounds like the chip samples from below the 007 wheir mining can utilize the hoist back up to surface..this area shows high potential for increase in gr/tn. Traps7
I have been in since 30yrs of the old SanAntonio, Rea Gold etc.
never sold only added more SGR is an old safe place -
mined for 100yrs and only more and more gold found all around and
the deeper we go the richer ore
thanks for any good info....
http://www.sangold.ca/s/Ops.asp?ReportID=402510&_Type=Operations-Items&_Title=007-Zone
God Bless
NYBob, i firsr start buying San at $ 0.42 back in 05. I bump into Mr. Hugh Wynn at the recent PDAC show in On Canada. Reading between the lines, sounds like the chip samples from below the 007 wheir mining can utilize the hoist back up to surface..this area shows high potential for increase in gr/tn. Traps7
Traps7 Welcome to San Gold Corporation (TSE:SGR
Sir, its good to see you here
San Gold is safety for Au hard rock asset treasure bargain
http://investorshub.advfn.com/boards/board.aspx?board_id=5396
Fake gold bars in Fort Knox? What's next?
http://viewzone2.com/fakegoldx.html
GOLD Real Au funfiat$25,000 per ounce ++++
Even The Troops Are Waking Up
..NYBob, first visit here, like your lead up for San.Long On The Greens. Traps7
The USA Is Already Bankrupt!Why is Gold not trading at $60,000 a ounce!!!!
China may dump the US $ fiats and buy more Gold!!!
http://www.investingcontrarian.com/index.php/financial-news-network/24-5-trillion-in-us-national-debt-144-trillion-in-unfunded-liabilities-in-2015/
http://laboussole2012.wordpress.com/2010/11/03/china-to-buy-thousands-of-tons-of-gold-over-next-years/
http://www.patriotfreedom.org/news_20110312_9882/the-usa-is-already-bankrupt/
Gold going $3000 to $4000 in 2012 says Lindsey Williams
BEWARE: Feds fiat$$Index Monthly TA Alert falling off the cliff -
SGR GOLD On the Verge of a Gigantic Move Higher
SGR Gold Treasure REAL MONEY Gem Asset LT Safety
Au for 1000s of years -
vs.
to be in $$ is to following the fiat$$lemmings off the cliff -
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
SGR GOLD On the Verge of a Gigantic Move Higher
SAN GOLD CORPORATION
OTCQX: SGRCF
TSX: SGR
Toll Free: 800-321-8564
Fax: 204-772-9217
E-Mail: info@sangold.ca
Web Site: http://www.sangold.ca
God Bless
San Gold Continues to Find Significant New High-Grade Gold Zones,
Confirming Validity of New Geologic Model
Gold producer San Gold Corporation’s exploration program (OTC QX: SGRCF; TSX: SGR) -- www.sangold.ca -- continues to reveal evidence of a resource base large enough to drive mining operations well into the future.
The recently reported discovery of a high-grade eastern extension to the 007 Zone is only the latest strike for the exploration team, which now boasts eight new named zones in the past five years. Drilling at the 007 East Extension Zone intersected 415.0 g/t (12.12 oz/ton) over 3.4 meters (11.2 ft) at over 200 meters to the east of the currently developed strike length extent of the 007 Zone.
Previously, San Gold discovered the high-grade, near-surface Emperor Zone along strike just 400 meters to the east of the previously discovered 007 deposit. Drill cores obtained from a continuous quartz-carbonate vein show visible gold throughout with grades topping out at 179 g/t (5.22 oz/ton) over 2.1 meters (6.9 feet) at relatively shallow depths of 160 meters (525 feet) below surface.
San Gold’s third quarter exploration program drilled 26,942 meters from surface and 23,433 meters underground. The program is focused on further defining and extending the Hinge, 007 and RL East zones as well as new targets such as the Emperor Zone and 007 East.
“Our outstanding success in discovering new high grade gold deposits near surface has forced us to remain in a development mode longer than anticipated,” says San Gold Executive Vice Chairman Dale Ginn – a situation many mining companies would envy.
High Grade Gold Discoveries Believed Only Tip of Iceberg
The most intriguing question surrounding San Gold’s ongoing exploration results is whether these new discoveries are only showing the tip of the iceberg.
“It’s like the Energizer bunny – our model just keeps going and going,” says exploration manager Bill Ferreira.
The geologic model, first developed in 2007, is already responsible for two production areas in the past three years – at the Hinge and 007. Two additional named zones are showing excellent promise, at Cohiba and L-13, and many more targets besides the Emperor Zone are on deck awaiting further exploration.
When San Gold took over from Harmony Gold in March 2004, the exploration team started drilling at the edges of the existing exploration zone – an area that had been paying dividends for more than seven decades.
San Gold’s geologists, however, thought higher grades might be found along the San Antonio Mine (SAM) unit’s thinner portions. They were right and before long, San Gold had three new established resource zones at Cartwright, SG1 and SG2&3.
Following the same logic, they wondered if the gold-rich veins could have been forced outside the historic mining unit into nearby shears and tension fractures.
Ferreira’s team started looking at the old mine workings inside the Rice Lake Mine to see if they could find structural pathway trends that might reveal the location of these veins outside the SAM unit.
By following the mine’s old veins to the surface, two clear structural pathway trends emerged about 500 meters away from each other.
Once these pathway trends were identified, San Gold’s geologists realized they needed to radically rethink where San Gold’s resource could be found.
Rock Solid Exploration Model
Now, after thousands of core samples, many hours of field work, and one exceptional LiDAR study, Ferreira says the resulting exploration model has given rise to new drill targets that have led to new ore zones, a trend which should continue in the coming months and years.
The exploration model is based on the idea that the deposits within San Gold’s claims area are controlled by an internal structural grid.
The first part of the grid is made of the structural pathway trends that Ferreira and his team first identified in the Rice Lake Mine’s old workings.
These trend lines continue to repeat at roughly 500 meter intervals. Exploration drilling along these pathways led to the discovery of the Hinge, Cohiba, and then the 007 Zone. These trend lines also cross near old mine bulkheads and prospecting trenches.
“We knew Cohiba was going to be there before we even drilled it,” says Ferreira, adding that they struck the zone with their first core sample in the area further confirming the apparent validity of the model.
In 2009, other sets of structural lineations were found that showed the most likely locations of the deposits along the structural pathway trends.
These lineations are made up of shears and tension fractures which were identified by a 2009 LiDAR study. Shears and fractures are breaks in the volcanic rock that act as natural hosts for gold-bearing quartz deposits.
“When we saw the results, the lineations just jumped right out at us,” Ferreira recalls.
Since the model was first developed, the results have been spectacular.
Not only has the exploration team had remarkable success in striking gold, the grades have been impressive.
In the 76 years the Rice Lake Mine has been in operation, grades have traditionally hovered around a respectable 0.21 to 0.31 ounces per ton. The Hinge Zone currently has measured resources at 0.29 oz/ton while 007 has indicated resources at 0.75 oz/ton.
Since the structural pathway trends were first identified from mined out vein patterns in the depths of the old historic mine workings, the exploration team expects these near-surface deposits to also extend to depth.
For instance, the 98 Vein on 26 Level appears to share the same structures that control the 007 deposit. The two deposits also share similar geologies, which strengthens the chance there is a relationship between them.
The next step will be to cut a drift from 16 Level, the level reaching closest to the space between them, to begin exploration on the 2,600 foot unexplored gap between 007 and the 98 Vein.
While this is the most well-developed example of the relationship between the near-surface and underground discoveries, it is by no means the only one. The surface grid formed by the pathway lines and shears/fractures opens up dozens of potential places to look, all of which could reach as deep as the bottom of the Rice Lake Mine workings, and beyond.
So Much More Than Just An Exploration Company
As one of Canada’s most exciting new gold exploration companies, it is easy to forget San Gold is also a gold producer with two operating mines – Rice Lake and The Hinge. Bulk sampling of the first ore from a third mine, the 007, began in July.
San Gold operates in Manitoba, one of the world’s most politically safe and stable mining regions. Manitoba consistently places among the Top 10 global mining jurisdictions as ranked by The Fraser Institute. George Pirie, who has 29 years experience in senior management roles in the mining industry, was recently appointed San Gold’s President and CEO. Dale Ginn, who previously held those positions, has been appointed Vice Chairman of the Board.
The company owns 12,000 hectares of mining claims along the Rice Lake Greenstone Belt of southeast Manitoba. Production at the company’s 1,200 ton per day mill is expected to reach capacity this year and increase capacity in 2011.
In addition to continued production and exploration at Rice Lake, San Gold recently entered a purchase agreement with SGX Resources Inc. to jointly acquire 18 mineral claims in Ontario’s Cochrane District.
Investment Considerations
San Gold’s assets have grown steadily since 2005. The company tripled revenues from 2008 to 2009 from $8.7 million to $27.8 million. The company looks forward to lower mining costs and higher production volumes as near-surface zones increase their share of the production mix.
For investors, San Gold presents a compelling story – this is a company with large liquid assets, no debt, real and growing gold production, an expanding gold reserve, and tremendous blue sky potential.
SAN GOLD CORPORATION
OTCQX: SGRCF
TSX: SGR
Contact:
Dale Ginn, CEO
Box 1000
Bissett, Manitoba Canada R0E 0J0
Toll Free: 800-321-8564
Fax: 204-772-9217
E-Mail: info@sangold.ca
Web Site: http://www.sangold.ca
by The Bull & Bear
God Bless
San Gold Confirms High Grades with Bulk Sample of 007 Zone
Mar. 4, 2011 (PR Newswire) --
TSX:SGR || OTCQX:SGRCF
http://www.sangold.ca
BISSETT, MB, March 4 /PRNewswire/ -
George Pirie, CEO of San Gold Corporation
(TSX:SGR) (OTCQX: SGRCF), is pleased to report on
preliminary mine development and bulk sampling within the 007
http://www.sangold.ca/s/Ops.asp?ReportID=402510&_Type=Operations-Items&_Title=007-Zone
and 007 East Zones from 250 meters (820 ft) below surface.
Over 305 meters (1,000 ft) of strike length has been developed so
far at this elevation with three distinct zones identified
having strike lengths of 76 meters (250 ft) to 92 meters
(300 ft) each. 15,405 tons have been processed in
the Rice Lake mill so far this year from the 007 zones giving a mill head grade of
11.3 g/tonne (0.33 oz/ton).
Mining of the 007 zones have contributed to a record month in
terms of tonnage mined in February of 37,825 tons or 1,351 tons
per day average, including a new daily mined record of 2,674
tons.
Individual face grades have assayed up to 11.2 oz/ton
(384 g/tonne) over a true width of 3.4 meters (11.0 ft)
with visible gold being routinely observed throughout.
Chip sample results are presented in the table below using vein
only as well as full face widths in order to fully account for
dilution.
Chip sample face averages are also presented by zone using uncut
assay values and a 103 g/tonne (3 oz/ton) cutting factor for
all individual assays that lie over that threshold.
Zone Vein Width Vein Grade (g/tonne) Face Width Face Grade (g/tonne) Strike Length
(meters) uncut cut (meters) uncut cut (meters)
730 3.1 42.8 26.1 4.6 29.5 18.2 76.2
(007 East)
720 1.9 29.1 14.1 3.5 17.1 8.2 91.5
(007 mid)
700 1.5 60.3 24.3 3.4 27.4 11.6 76.2
(007 main)
Average 2.2 43.1 21.0 3.8 24.2 12.0
Ninety-two development faces were chip sampled resulting in a
total of 458 samples assayed for gold with individual values
ranging from 0.34 g/tonne (0.01 oz/ton) to 1,163 g/tonne
(33.96 oz/ton).
Level development continues in both the east and west directions
as well as in numerous vein offshoots while incline and decline
development is ongoing in order to access the zones at levels
above and below the 250 meter (820 foot) level.
Drilling from underground and surface continues over 100 meters
to the east of this development along strike from the 007 East
Zone and down dip from the Emperor Zone.
The 007 East Zone, as well as the 007, L10 and Emperor Zones
all occur near to or within a mafic flow rock unit known as
the Shoreline Basalt, striking roughly east-west, parallel
to and stratigraphically above the Rice Lake Mine or SAM unit.
More precisely, the close association of the 007 and recently
discovered eastward extensions with the Shoreline Basalt has
produced gold deposits that are more planar or regular in shape
than the overlying Hinge type deposits.
All of the Shoreline Basalt zones are located proximal to
a series of identified shears and their intersections with
the mafic flow unit.
The above mentioned mineralized zones of the Shoreline Basalt
system combine to form a known strike length of over 2 kms.
The combined strike length of the 007 and Emperor Zones is
currently over 500 meters long as demonstrated by drilling to
date.
Mineralization consists of free gold and pyrite within quartz-
carbonate veining and associated alteration consistent with
the Rice Lake and Hinge Mines and the 007 development.
The Shoreline Basalt has been pierced approximately 1,400 meters
(4,900 feet) below surface with horizontal drill intersections
from drill sites on 26 Level (see press statement released
Feb 17, 2011).
This basalt unit will be explored further and is planned to be
developed from current infrastructure on 10 Level, 16 Level and
26 Level.
The 007 zone is located approximately 2 kms to the north-east
of San Gold's operating Rice Lake mine and mill, is fully
accessible by road and is accessible from the Hinge Mine
decline.
The 007 zone was initially discovered by San Gold geologists
in November 2009 and mine development towards the zone began
early in 2010 originating from the Hinge Mine.
The above program was carried out by San Gold mine geologists
under the supervision of D. Ginn, P.Geo., the Qualified Person
for San Gold under National Instrument 43-101.
Chip, muck and mill samples are assayed on site in the
company's assay lab using the fire assay method with
an AA and gravimetric finish.
San Gold's quality control and assurance program includes the
insertion of standards, the retention of pulps and rejects,
and spot checks utilizing independent labs including
TSL Laboratories in Saskatoon, SK and Accurassay Laboratories
of Thunder Bay, ON.
NOTE: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE San Gold Corporation
http://tmx.quotemedia.com/article.php?newsid=39211394&qm_symbol=SGR
San Gold Announces Increase to Private Placement
Feb. 18, 2011 (PR Newswire) --
SGR:TSX || SGRCF:OTCQX
http://www.sangold.ca
BISSETT, MB -
San Gold Corporation
(Bissett, Manitoba) (TSX: SGR) (OTCQX: SGRCF) (the "Company")
is pleased to announce that it has amended its previously
announced financing with a syndicate of agents co-led by
Primary Capital Inc. and CIBC and including
Dundee Securities Ltd. (the "Agents") to increase the number
of flow-through common shares of the Company
(the "Flow-Through Shares") that the Agents will sell
from 5,400,000 to 6,650,000 Flow-Through Shares at a price
of $3.75 per Flow-Through Share (the "Issuer Price").
The gross proceeds have correspondingly increased from $20,250,000 to $24,937,500.
The option granted to the Agents to sell an additional 1,350,000 Flow-Through Shares at the Issue Price for up to an additional
$5,062,500 has not changed.
All other terms of the offering remain the same.
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 registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
For further information contact Investor Relations at 1-800-321-8564 or visit http://www.sangold.ca/.
NOTE: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE San Gold Corporation
http://tmx.quotemedia.com/article.php?newsid=38717173&qm_symbol=SGR
http://www.sangold.ca/i/pdf/2011-01-27-presentation.pdf
New Rules Will Cause Panic For Shorts
Posted: Feb 25 2011 By: Jim Sinclair
Filed under: General Editorial
Dear Friends,
February 28th > be prepared for panicked
short sellers who cannot make delivery to try every trick in
the book to buy back their short positions.
http://jsmineset.com/
The following is information from Dr. Jim Decosta:
Here is the URL:
http://www.finra.org/Industry/Regulation/RuleFilings/2010/P121892?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FINRARuleFilings+(FINRA+Rule+Filings)
Quote: There’s 3 new laws gaining attention in the NSS market reform arena:
FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations.
FINRA 2010-043, also starting on 2/28/11 reinstates the
“short sale exempt” (SSE) marking requirements for trade
reporting and the OATS system.
Those MMs accessing the bona fide MM exemption from executing
pre-borrows or “locates” before admittedly naked short sales
must now FORMALLY acknowledge the accessing of that
universally-abused exemption.
Being that these trades are theoretically being made to
“inject liquidity” then the excuse to hide the related
trade data from the public’s eyes goes out the window.
You can’t have it both ways and claim the bona fide MM
exemption and later claim that the related trade data
needs to be kept secret because it might reveal a
“proprietary trading strategy”.
Truly bona fide MMs that are able to legally access that
universally-abused exemption cover their naked short position
on the next downtick after their short sale when buy side
liquidity is in need of being ejected as share prices fall.
The 3rd new rule which is in effect now states that
the offers and bids that MMs post must be of approximately
the same size.
No longer can the offers be of 1 million shares and
the offsetting bid good for the minimum 5,000 shares.
The verbiage in 4320 is especially well done as it FINALLY puts
the clearing firms that aid and abet this crime wave on the
spot.
With the FFETF, which is made up of 25 different agencies,
now on the scene the transparency has increased markedly.
You can imagine how critical the lack of transparency is to
a crime involving selling nonexistent securities and
then refusing to ever deliver that which you sold AFTER
being allowed access to the funds of the investor being
defrauded.
Here are the links to the rules
SR-FINRA-2010-028
and SR-FINRA-2010-043:
http//www.finra.org/Industry/Regulation/RuleFilings/2010/P121522
Notice the part I marked in bold in the quote above:
"FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations."
God Bless
To 'mick' on 'San Gold Corporation (SGRCF) -
the bolsheviks banksters pawns are diving for cover -
http://www.shortsqueeze.com/?symbol=sgrcf&submit=Short+Quote%99
The PEOPLE will bull squeeze the 666 evils to the poncy gangsters
goes away in smoke by their own evils of firez against the PEOPLE!
A SGR / SGRCF bull run have started
God Bless
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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)] |
|
|
|
|
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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