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Denver Gold Show 2014 - SAS participate in Denver Gold Show to provide a corporate update to investors and shareholders.
Presentation: Wednesday September 17th, at 12:00PM (Mountain Time)
Location: Track 2, Gavin Thomas Memorial Hall
Presenter: Duncan Middlemiss, President & CEO
For webcast details, follow the link below.
http://www.denvergoldforum.org/dgf14/company-webcast/SAS:CN
http://www.denvergold.org/company-profile/SAS:CN
St Andrew Goldfields Ltd. Duncan Middlemiss, President & CEO (TSX: SAS)
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2014/09/12/st-andrew-goldfields-ltd/play/stream/12461
SAS reports significant exploration results from the Holt property -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107269538
SAS reports Q3 2014 production of 21,166 ounces of gold and provides notice of earnings release and conference call
http://ih.advfn.com/p.php?pid=nmona&article=63966427
God Bless
Looking good! Nice dd as always bob
St. Andrews Goldfields Presentation -
http://www.sasgoldmines.com/i/pdf/Presentation.pdf
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122581
SAS reports significant exploration results from the Holt property -
9.97 g/t Au over 11.2 metres (9.28 g/t Au cut) including 19.45 g/t Au over 4.6 metres (17.77 g/t Au cut)
TORONTO, Oct. 9, 2014 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to announce initial assay results from its deep surface drill program conducted on the Zone 4 and South Zone ("Zone 4") target at the Holt Mine ("Holt").
HIGHLIGHTS OF HOLT DRILLING RESULTS
- WE14-001
9.97 g/t Au (9.28 g/t Au cut) over 11.2 metres including 19.45 g/t Au over 4.6 metres (17.77 g/t Au cut)
- WE14-001
4.38 g/t Au over 22.9 metres, 8.92g/t Au over 10.5 metres and 7.89 g/t Au
W1 (wedge)
over 19.3 metres (3 distinct zones of mineralization)
Note: All lengths are reported as core length as true width is not available at this time. Assays are cut to 32.00 g/t Au.
"These recent results targeting the Zone 4 mineralization are potentially the most significant discovery SAS has generated on the Holt property. The mineral potential remains open in all directions and the original intercept is 600 metres west of 1075m level drift (nearest mine opening) and 440 metres west of historical surface diamond drill intercepts. The location is approximately mid-way between Zone 4 and the Tousignant Zone, which is located 3 km west of the Holt shaft. We have added two additional drills to this program with results expected by year end", remarked Duncan Middlemiss President and Chief Executive Officer of SAS. "Currently Holt has a very robust mine life with approximately 470,000 ounces of Au in reserves (3.10M t @ 4.74 g/t Au) at the beginning of the year and over 735,000 ounces of Au in the Measured (3.63M t @ 3.85 g/t Au) and Indicated (2.15M t @ 4.21 g/t Au) resource categories, and these recent results may add significantly to the resource base at Holt, provided the ongoing drill program's results continue as anticipated. It is with great anticipation we embark on an accelerated phase of this program."
Zone 4 Surface Drilling Program
In June 2014, SAS commenced a deep surface drilling program to test for multiple flat-lying, en-echelon mineralized zones and ultimately targeting mineralization associated with the westerly strike projection of Zone 4 (the most significant production horizon being mined by SAS at Holt).
The first hole of the program, hole WE14-001 intercepted Zone 4 and returned assay results of 9.97 g/t Au over 11.2 metres (9.28 g/t Au cut) commencing at a downhole depth of 1,199.3 metres, including 19.45 g/t Au (17.77 g/t Au cut) over 4.6 metres. The mineralized intercept which occurred at the 1050m elevation, is associated with a shallow dipping flat zone situated approximately 200 metres north of the Ghostmount Fault zone, a major structural feature in the area. An examination of the core angles suggests that the true width of the mineralized zone is very close to the core length.
Upon receipt of the assay results, SAS commissioned a wedge cut commencing at a downhole depth of 600 metres from the master hole. Hole WE14-001-W1 intercepted two mineralized zones which returned assay results of 4.38 g/t Au over 22.9 metres and 8.92 g/t Au over 10.5 metres. This intercept is located approximately 170 metres south of the initial assay intercept. The wedge cut was extended to allow the hole to intercept the Ghostmount Fault zone. A third mineralized zone was also intersected which returned 7.89 g/t Au over 19.3 metres.
These intersections are postulated to be the westerly strike extension of the Zone 4 and South Zone mineralization. Multiple mineralized zones were intercepted in the master hole (refer to the assay result table below). The mineralized zone consists of a quartz breccia zone, containing approximately 3-5% disseminated pyrite, hosted within an altered mafic volcanic. Numerous specks of visible gold were observed in the core. Although visible gold is not common in most of the Holt style of mineralization, it was noted regularly in the higher grade areas of the South Zone, the previous mining zone while the mine was operated by Barrick Gold Corporation.
These drill intercepts have potentially extended the known mineralized strike length of Zone 4 by approximately 600 meters west of the 1075m Level drift (the closest development access point) and approximately 440 metres west of SAS's historical surface drilling. Successful results from this drill program have initiated the immediate mobilization of 2 additional drills in order to accelerate this program; with the objective of defining the limits of Zone 4 mineralization.
Refer to Figure 1 for a plan view of Zone 4 surface drill intercepts and Figure 2 a Longitudinal section of the Holt Mine – showing the location of recent drill intercepts relative to the underground workings.
Recent deep surface drill program results for Zone 4 are summarized in the table below:
http://web.tmxmoney.com/article.php?newsid=70788597&qm_symbol=SAS
Holt Exploration 2014
COLLARS - UTM NAD 83
Core
BHID
Easting
Northing
Elevation
Azimuth
Dip
From (m)
To (m)
Length(m)
Au_GPT
Cut grade ( 32 g/t Au)
and Comments
WE14-001
590945
5372565
300
90
-73
909.10
909.90
0.80
4.63
917.60
918.20
0.60
12.34
935.10
936.00
0.90
1.17
1181.00
1182.00
1.00
3.50
1195.30
1196.00
0.70
3.94
1196.80
1197.50
0.70
2.88
1199.30
1210.50
11.2
9.97
9.28 g/t Cut - Zone 4 Extension
including
1200.30
1204.90
4.6
19.45
17.77 g/t Au cut
WE14-
001- W1
Wedge
cut
1302.00
1324.90
22.9
4.38
Zone 4 Upper
including
1320.00
1324.90
4.9
10.18
and
1351.50
1362.0
10.5
8.92
Zone 4 Lower
and
1449.80
1469.1
19.3
7.89
Note: All lengths are reported as core length as true width is not available at this time. Assays are cut to 32.00 g/t Au.
Drilling, Assaying and QA/QC
Surface drilling at Zone 4 was performed by Orbit Garant Drilling based in Val d'Or QC. Analytical work was performed by Lab Expert located in Rouyn Noranda, QC. Samples consisted of half sawn NQ caliber core. Gold analysis was conducted using 30 gram samples (1AT portions) with gold grades determined by standard fire assay preparation and a gravimetric finish. SAS employs an industry accepted QA/QC program, consisting of certified reference standards and blanks that are inserted into the sample stream, which represent approximately 5% of the total sample population.
Qualified Person
The exploration programs on the Company's various mineral properties are under the supervision of Doug Cater, P. Geo, the Company's Vice-President, Exploration. Mr. Cater is a qualified person as defined by NI 43-101, and has reviewed and approved this news release.
About SAS
SAS (operating as "SAS Goldmines"), is a gold mining and exploration company with an extensive land package in the Timmins mining district, north-eastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada.
SAS owns and operates the Holt, Holloway and Hislop mines which contribute approximately 100,000 ounces of annual gold production. The Company is also advancing exploration at Taylor; and is conducting an aggressive exploration program across 120km of land straddling the PDFZ.
Duncan Middlemiss
President & CEO
dmiddlemiss@sasgoldmines.com
Ben Au
CFO, VP Finance & Administration
bau@sasgoldmines.com
SOURCE St Andrew Goldfields Ltd.
Photo_Asset_2
Image with caption: "Figure 1 (PR dated 09 OCT 2014) Holt Project - 2014 Holt Mine Plan Section (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20141009_C3035_PHOTO_EN_6524.jpg
Image with caption: "Figure 2 (PR dated 09 OCT 2014) Holt Project - 2014 Holt Mine Longitudinal Section (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20141009_C3035_PHOTO_EN_6525.jpg
http://web.tmxmoney.com/article.php?newsid=70788597&qm_symbol=SAS
SAS reports Q3 2014 production of 21,166 ounces of gold and provides notice of earnings release and conference call
http://ih.advfn.com/p.php?pid=nmona&article=63966427
God Bless
Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437; Website: www.sasgoldmines.comCopyright CNW Group 2014
SAS reports significant exploration results from the Holt property -
9.97 g/t Au over 11.2 metres (9.28 g/t Au cut) including 19.45 g/t Au over 4.6 metres (17.77 g/t Au cut)
TORONTO, Oct. 9, 2014 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to announce initial assay results from its deep surface drill program conducted on the Zone 4 and South Zone ("Zone 4") target at the Holt Mine ("Holt").
HIGHLIGHTS OF HOLT DRILLING RESULTS
- WE14-001
9.97 g/t Au (9.28 g/t Au cut) over 11.2 metres including 19.45 g/t Au over 4.6 metres (17.77 g/t Au cut)
- WE14-001
4.38 g/t Au over 22.9 metres, 8.92g/t Au over 10.5 metres and 7.89 g/t Au
W1 (wedge)
over 19.3 metres (3 distinct zones of mineralization)
Note: All lengths are reported as core length as true width is not available at this time. Assays are cut to 32.00 g/t Au.
"These recent results targeting the Zone 4 mineralization are potentially the most significant discovery SAS has generated on the Holt property. The mineral potential remains open in all directions and the original intercept is 600 metres west of 1075m level drift (nearest mine opening) and 440 metres west of historical surface diamond drill intercepts. The location is approximately mid-way between Zone 4 and the Tousignant Zone, which is located 3 km west of the Holt shaft. We have added two additional drills to this program with results expected by year end", remarked Duncan Middlemiss President and Chief Executive Officer of SAS. "Currently Holt has a very robust mine life with approximately 470,000 ounces of Au in reserves (3.10M t @ 4.74 g/t Au) at the beginning of the year and over 735,000 ounces of Au in the Measured (3.63M t @ 3.85 g/t Au) and Indicated (2.15M t @ 4.21 g/t Au) resource categories, and these recent results may add significantly to the resource base at Holt, provided the ongoing drill program's results continue as anticipated. It is with great anticipation we embark on an accelerated phase of this program."
Zone 4 Surface Drilling Program
In June 2014, SAS commenced a deep surface drilling program to test for multiple flat-lying, en-echelon mineralized zones and ultimately targeting mineralization associated with the westerly strike projection of Zone 4 (the most significant production horizon being mined by SAS at Holt).
The first hole of the program, hole WE14-001 intercepted Zone 4 and returned assay results of 9.97 g/t Au over 11.2 metres (9.28 g/t Au cut) commencing at a downhole depth of 1,199.3 metres, including 19.45 g/t Au (17.77 g/t Au cut) over 4.6 metres. The mineralized intercept which occurred at the 1050m elevation, is associated with a shallow dipping flat zone situated approximately 200 metres north of the Ghostmount Fault zone, a major structural feature in the area. An examination of the core angles suggests that the true width of the mineralized zone is very close to the core length.
Upon receipt of the assay results, SAS commissioned a wedge cut commencing at a downhole depth of 600 metres from the master hole. Hole WE14-001-W1 intercepted two mineralized zones which returned assay results of 4.38 g/t Au over 22.9 metres and 8.92 g/t Au over 10.5 metres. This intercept is located approximately 170 metres south of the initial assay intercept. The wedge cut was extended to allow the hole to intercept the Ghostmount Fault zone. A third mineralized zone was also intersected which returned 7.89 g/t Au over 19.3 metres.
These intersections are postulated to be the westerly strike extension of the Zone 4 and South Zone mineralization. Multiple mineralized zones were intercepted in the master hole (refer to the assay result table below). The mineralized zone consists of a quartz breccia zone, containing approximately 3-5% disseminated pyrite, hosted within an altered mafic volcanic. Numerous specks of visible gold were observed in the core. Although visible gold is not common in most of the Holt style of mineralization, it was noted regularly in the higher grade areas of the South Zone, the previous mining zone while the mine was operated by Barrick Gold Corporation.
These drill intercepts have potentially extended the known mineralized strike length of Zone 4 by approximately 600 meters west of the 1075m Level drift (the closest development access point) and approximately 440 metres west of SAS's historical surface drilling. Successful results from this drill program have initiated the immediate mobilization of 2 additional drills in order to accelerate this program; with the objective of defining the limits of Zone 4 mineralization.
Refer to Figure 1 for a plan view of Zone 4 surface drill intercepts and Figure 2 a Longitudinal section of the Holt Mine – showing the location of recent drill intercepts relative to the underground workings.
Recent deep surface drill program results for Zone 4 are summarized in the table below:
http://web.tmxmoney.com/article.php?newsid=70788597&qm_symbol=SAS
Holt Exploration 2014
COLLARS - UTM NAD 83
Core
BHID
Easting
Northing
Elevation
Azimuth
Dip
From (m)
To (m)
Length(m)
Au_GPT
Cut grade ( 32 g/t Au)
and Comments
WE14-001
590945
5372565
300
90
-73
909.10
909.90
0.80
4.63
917.60
918.20
0.60
12.34
935.10
936.00
0.90
1.17
1181.00
1182.00
1.00
3.50
1195.30
1196.00
0.70
3.94
1196.80
1197.50
0.70
2.88
1199.30
1210.50
11.2
9.97
9.28 g/t Cut - Zone 4 Extension
including
1200.30
1204.90
4.6
19.45
17.77 g/t Au cut
WE14-
001- W1
Wedge
cut
1302.00
1324.90
22.9
4.38
Zone 4 Upper
including
1320.00
1324.90
4.9
10.18
and
1351.50
1362.0
10.5
8.92
Zone 4 Lower
and
1449.80
1469.1
19.3
7.89
Note: All lengths are reported as core length as true width is not available at this time. Assays are cut to 32.00 g/t Au.
Drilling, Assaying and QA/QC
Surface drilling at Zone 4 was performed by Orbit Garant Drilling based in Val d'Or QC. Analytical work was performed by Lab Expert located in Rouyn Noranda, QC. Samples consisted of half sawn NQ caliber core. Gold analysis was conducted using 30 gram samples (1AT portions) with gold grades determined by standard fire assay preparation and a gravimetric finish. SAS employs an industry accepted QA/QC program, consisting of certified reference standards and blanks that are inserted into the sample stream, which represent approximately 5% of the total sample population.
Qualified Person
The exploration programs on the Company's various mineral properties are under the supervision of Doug Cater, P. Geo, the Company's Vice-President, Exploration. Mr. Cater is a qualified person as defined by NI 43-101, and has reviewed and approved this news release.
About SAS
SAS (operating as "SAS Goldmines"), is a gold mining and exploration company with an extensive land package in the Timmins mining district, north-eastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada.
SAS owns and operates the Holt, Holloway and Hislop mines which contribute approximately 100,000 ounces of annual gold production. The Company is also advancing exploration at Taylor; and is conducting an aggressive exploration program across 120km of land straddling the PDFZ.
Duncan Middlemiss
President & CEO
dmiddlemiss@sasgoldmines.com
Ben Au
CFO, VP Finance & Administration
bau@sasgoldmines.com
SOURCE St Andrew Goldfields Ltd.
Photo_Asset_2
Image with caption: "Figure 1 (PR dated 09 OCT 2014) Holt Project - 2014 Holt Mine Plan Section (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20141009_C3035_PHOTO_EN_6524.jpg
Image with caption: "Figure 2 (PR dated 09 OCT 2014) Holt Project - 2014 Holt Mine Longitudinal Section (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20141009_C3035_PHOTO_EN_6525.jpg
http://web.tmxmoney.com/article.php?newsid=70788597&qm_symbol=SAS
SAS reports Q3 2014 production of 21,166 ounces of gold and provides notice of earnings release and conference call
http://ih.advfn.com/p.php?pid=nmona&article=63966427
God Bless
Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437; Website: www.sasgoldmines.comCopyright CNW Group 2014
SAS reports Q3 2014 production of 21,166 ounces of gold and provides notice of earnings release and conference call
I agree. I am loaded with STADF and will hold this for the longterm
I appreciate the credibility of this Mining operation - it is all well managed with exploration and consistent output with no debt and credit revolving tranch if needed - Brilliant *
SAS provides update on Taylor and Hislop drill programs
very nice... :) longterm this should give us a great return :)
Solid News out today for $STADF
Expert Comments on St. Andrews Goldfields
http://www.theaureport.com/pub/co/2226
The Gold Report Interview with Michael Fowler (8/25/14) "One company that I cover is St Andrew Goldfields Ltd. Primero Mining bought Brigus Gold and its Grey Fox gold deposit, which is next to St Andrew's Hislop gold mine. The whole area is crying out for consolidation. . .Primero started a process that is going to continue and St Andrew will be part of that consolidation at the end of the day. . .St Andrew is a very inexpensive junior producer that produces about 85,000 oz per year and that's not exciting the market. Some of these junior producers need to merge to reach a critical mass so that they can afford their fixed costs. There are potential synergies in the old Brigus and St Andrew because they're right next to each other. . .St Andrew is mining efficiently. It is increasing the throughput at the Holt mill, which is an extremely good asset. Its main asset is the Holt mine. Next door to it is the Holloway mine and farther down the trend is Hislop. The Holt mine produces about 85% of its profits. [St Andrew's current all-in costs] are about $1,050/oz. The company published its earnings in mid-August, and those were nil versus nil so that's nothing to jump up and down about. I'm recommending it because it's very inexpensive and I see it as part of the M&A potential of that area." More >
The Gold Report Interview with Florian Siegfried (8/20/14) "St Andrew Goldfields Ltd. has some properties in an area where there has been some recent M&A activity. Primero Mining bought Brigus Gold Corp.'s Grey Fox gold project, which is in the same geological trend as an adjacent St Andrew property. Should there be more consolidation in the Abitibi Gold Belt, St Andrew could be part of the equation. St Andrew has a big land package and a centralized mill that is currently not operating at full capacity. There are some strategic advantages around many of the St Andrew properties. The company also has a $190M tax pool. Sooner or later it will likely be part of another group in the same area." More >
Henry Lazenby, Mining Weekly (7/8/14) "St Andrew Goldfields Ltd. reported positive results from an ongoing drilling campaign at the Smoke Deep zone at the Holloway mine. Among the highlights of the campaign that started earlier this year from underground platforms, were hole 905-05 that returned 13.07 g/t of gold over 31.6m; hole 905-21 that returned 11.1 g/t of gold over 8.9m and hole 945-03, which returned 18.35 g/t of gold over 2.2m. . .the company expected to produce between 75 Koz to 85 Koz of gold this year, after recording a record 99,548 oz of gold in 2013."
The Gold Report Interview with Michael Fowler (2/26/14) "St Andrew Goldfields has a very good team. It should be able to cut its all-in sustaining costs, particularly from the Holt mine. I'm optimistic that St Andrew can cut costs and also generate free cash flow. Maybe not by much, but its balance sheet is strong enough to sustain this present situation. It also has a very good debt deal with Scotia Bank. Its interest rate is somewhere in the region of 4%. That gives you an indication of what the bank thinks of St Andrew. It doesn't think that this company is a particularly big risk. It should give equity investors some encouragement.
St Andrew has a good development project called Taylor. It's very high grade. St Andrew has done some bulk samples from the deposit, got some good recoveries and got some cash out of it. It's going to be another incremental piece in its growth profile. It won't come this year. It will probably come in 2015. The company is going to have to keep an eye on its balance sheet and make sure that it doesn't overextend itself. St Andrew is a prime acquisition target, too. Brigus Gold Corp. is next door. Brigus is being acquired by Primero Mining Corp. I wouldn't be surprised if Primero starts looking again after taking over Brigus." More >
Christos Doulis, Stonecap Securities (10/11/13) "St Andrew Goldfields Ltd. offers investors good leverage to gold in a safe political jurisdiction and should be able to survive and generate modest free cash flow in the current (~$1,300/oz) gold price environment. . .the company has posted another quarter of production over 25 Koz and with production in the first nine months of 75,248 oz Au, remains on track to break the 100 Koz/year barrier. We are maintaining our Outperform rating and $0.50 price target."
Expert Comments on St. Ansrews Goldfields
http://www.theaureport.com/pub/co/2226
The Gold Report Interview with Michael Fowler (8/25/14) "One company that I cover is St Andrew Goldfields Ltd. Primero Mining bought Brigus Gold and its Grey Fox gold deposit, which is next to St Andrew's Hislop gold mine. The whole area is crying out for consolidation. . .Primero started a process that is going to continue and St Andrew will be part of that consolidation at the end of the day. . .St Andrew is a very inexpensive junior producer that produces about 85,000 oz per year and that's not exciting the market. Some of these junior producers need to merge to reach a critical mass so that they can afford their fixed costs. There are potential synergies in the old Brigus and St Andrew because they're right next to each other. . .St Andrew is mining efficiently. It is increasing the throughput at the Holt mill, which is an extremely good asset. Its main asset is the Holt mine. Next door to it is the Holloway mine and farther down the trend is Hislop. The Holt mine produces about 85% of its profits. [St Andrew's current all-in costs] are about $1,050/oz. The company published its earnings in mid-August, and those were nil versus nil so that's nothing to jump up and down about. I'm recommending it because it's very inexpensive and I see it as part of the M&A potential of that area." More >
The Gold Report Interview with Florian Siegfried (8/20/14) "St Andrew Goldfields Ltd. has some properties in an area where there has been some recent M&A activity. Primero Mining bought Brigus Gold Corp.'s Grey Fox gold project, which is in the same geological trend as an adjacent St Andrew property. Should there be more consolidation in the Abitibi Gold Belt, St Andrew could be part of the equation. St Andrew has a big land package and a centralized mill that is currently not operating at full capacity. There are some strategic advantages around many of the St Andrew properties. The company also has a $190M tax pool. Sooner or later it will likely be part of another group in the same area." More >
Henry Lazenby, Mining Weekly (7/8/14) "St Andrew Goldfields Ltd. reported positive results from an ongoing drilling campaign at the Smoke Deep zone at the Holloway mine. Among the highlights of the campaign that started earlier this year from underground platforms, were hole 905-05 that returned 13.07 g/t of gold over 31.6m; hole 905-21 that returned 11.1 g/t of gold over 8.9m and hole 945-03, which returned 18.35 g/t of gold over 2.2m. . .the company expected to produce between 75 Koz to 85 Koz of gold this year, after recording a record 99,548 oz of gold in 2013."
The Gold Report Interview with Michael Fowler (2/26/14) "St Andrew Goldfields has a very good team. It should be able to cut its all-in sustaining costs, particularly from the Holt mine. I'm optimistic that St Andrew can cut costs and also generate free cash flow. Maybe not by much, but its balance sheet is strong enough to sustain this present situation. It also has a very good debt deal with Scotia Bank. Its interest rate is somewhere in the region of 4%. That gives you an indication of what the bank thinks of St Andrew. It doesn't think that this company is a particularly big risk. It should give equity investors some encouragement.
St Andrew has a good development project called Taylor. It's very high grade. St Andrew has done some bulk samples from the deposit, got some good recoveries and got some cash out of it. It's going to be another incremental piece in its growth profile. It won't come this year. It will probably come in 2015. The company is going to have to keep an eye on its balance sheet and make sure that it doesn't overextend itself. St Andrew is a prime acquisition target, too. Brigus Gold Corp. is next door. Brigus is being acquired by Primero Mining Corp. I wouldn't be surprised if Primero starts looking again after taking over Brigus." More >
Christos Doulis, Stonecap Securities (10/11/13) "St Andrew Goldfields Ltd. offers investors good leverage to gold in a safe political jurisdiction and should be able to survive and generate modest free cash flow in the current (~$1,300/oz) gold price environment. . .the company has posted another quarter of production over 25 Koz and with production in the first nine months of 75,248 oz Au, remains on track to break the 100 Koz/year barrier. We are maintaining our Outperform rating and $0.50 price target."
August 21, 2014, 5:05 p.m. ET
.
(MKTW) Sage Gold Amends Purchase Agreement With St Andrew Goldfields Ltd. on Clavos Property
http://online.wsj.com/article/PR-CO-20140821-912022.html#
.
Sage Gold Amends Purchase Agreement With St Andrew Goldfields Ltd. on Clavos Property
TORONTO, ONTARIO--(Marketwired - Aug 21, 2014) - Sage Gold Inc. (TSX VENTURE:SGX) ("Sage" or "the Company") and St Andrew Goldfields Ltd. (TSX:SAS) ("SAS") have amended the purchase agreement ("the Agreement") dated December 3, 2013 and subsequently amended April 29, 2014, by extending the closing date from August 29, 2014 to December 31, 2014.
Under the Agreement, SAS agreed to sell and Sage agreed to purchase the remaining 40% interest in the Clavos gold property for $1.0 million in cash together with a 2% Net Smelter Return Royalty ("Royalty"). This Agreement is subject to certain conditions, including financing, and on closing Sage will own 100% of the gold property in Timmins, Ontario.
About Sage
Sage is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property in Timmins and the Lynx property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
This release was prepared by management of the Company who takes full responsibility for its contents. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production.
Sage Gold Inc.
Nigel Lees
President and CEO
416-204-3170
416-260-2243
www.sagegoldinc.com
TGR: St Andrew Goldfields said in a recent presentation that its all-in sustaining costs for 2013 were $1,194/oz. The gold price is currently around $1,250/oz. [Editor's Note: Gold is currently around $1,325/oz.] It has some debt as well. Can St Andrew make money in the current gold price environment?
MF: In this environment, it's a little bit of a wash. Free cash flow will be zero, but it doesn't have a bad balance sheet. It has a very good team. It should be able to cut its all-in sustaining costs, particularly from the Holt mine. I'm optimistic that St Andrew can cut costs and also generate free cash flow. Maybe not by much, but its balance sheet is strong enough to sustain this present situation.
It also has a very good debt deal with Scotia Bank. Its interest rate is somewhere in the region of 4%. That gives you an indication of what the bank thinks of St Andrew. It doesn't think that this company is a particularly big risk. It should give equity investors some encouragement.
TGR: Where's the growth going to come from?
MF: St Andrew has a good development project called Taylor. It's very high grade. St Andrew has done some bulk samples from the deposit, got some good recoveries and got some cash out of it. It's going to be another incremental piece in its growth profile. It won't come this year. It will probably come in 2015. The company is going to have to keep an eye on its balance sheet and make sure that it doesn't overextend itself.
St Andrew is a prime acquisition target, too. Brigus Gold Corp. (BRD:NYSE.MKT; BRD:TSX) is next door. Brigus is being acquired by Primero Mining Corp. (PPP:NYSE; P:TSX). I wouldn't be surprised if Primero starts looking again after taking over Brigus.
http://www.theaureport.com/pub/na/michael-fowler-how-to-find-wild-flowers-in-the-weeds
SAS reports solid 2014 second quarter results and raises production guidance
http://ih.advfn.com/p.php?pid=nmona&article=63250870
"We had a strong quarter despite the low gold price," said Duncan Middlemiss, President & CEO of SAS. "We kept pressure on our costs, and were able to realize another consecutive quarter of positive operating cash flow. With the extension of mine life at Holloway, due to the continued positive drilling results at Smoke Deep, we are raising the 2014 production guidance to between 85,000 - 95,000 ounces of gold. We remain on schedule with the advancement of Taylor, and look forward to providing updates on this project as well as our exciting exploration targets throughout the year."
a great company at a bargain Price right now !!! imo
added yesterday to double my position :)
ST. ANDREW GOLDFIELDS (TSX:SAS) Map To Fair Market Price
& Higher Highs SAS Share Prices -
Holding the certificate insures your DEED ownership of that stock
They do not need to "confiscate",
You are a creditor of the bank.
The money you put in the bank or the stock is not yours
after it enters the door of the bank.
The bank just gives you an IOU
Small creditors are the first to loose when things go south. Remember banks never loose.
Holding the certificate insures your ownership of that
stock and not the banks.
You DON"T own those shares in a street name.
Your brokerage does and they can do anything they want with them.
You only have computer entry with them, that's it.
Many things can happen
if you are day to day trader and if you buy and sell
many times per day, it is convinient tool,
but if you are long...
ex....
rallard, if I understand you correctly, you're saying that if I deposit shares in a bank
they do not have to pay me back the shares?
They simply give me an "IOU", which they have no obligation to honor?
And if the bank goes bankrupt, their creditors have no obligation
to honor the share agreements in the accounts that hold the shares?
Is that what you're trying to say?
"Remember banks never loose"
They would seem to if they were bankrupt and unable
to pay back creditors.
baranja, you say, "Many things can happen".
Could you describe a scenario in which you would
no longer be able to do
what you wish with those shares held by a bank
for your convenience?
thanks
Even worse, if the financial institution that has control
of your shares,
they can short your company..........
But that's the price we pay for instant liquidity -
take a deed certificate possession of your SAS shares ownership -
it takes a bit more time & money to buy & sell..........
but the bankers don't own it and can't short it........
you own it and it be rightfully yours........
good for all longer term holders..............
Not all financial institutions are equal
Insolvent bank....
MF Gloal scenario,
how about Maddoff,
Great depression colapse,....
Or just simply.. "here is cash, ..no shares for you,
sorry about inconvenience.."..
Can this happen,.. maybe.. who knows.
Holding the certificate insures your ownership DEED of that
stock and not the banks - and the banks can NOT use
your shares for short selling -
get your share certificate DEED of corporation ownership -
if you want HIGHER SHARE PRICE and
become a SAS Long TEAM member -
Thanks in advance -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104219631
http://www.sasgoldmines.com/s/Home.asp
God Bless
happy about my buys in the 0.25 range :) waiting for much more to come here. And yes, NYBob does a great Job
nice weekend to all !!
Some of the best DD posts on Ihub
yet way to many are missing it.
No little deal here, this company's stock is Dirt Cheap!
Go $STADF
SAS @ $1.45/sh produced way less than @ the current Gold production - SAS fair road to Higher Highs next -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104219631
NYbob, Your Chart, Article Why Extreme Inflation is possible.
I checked out your chart on Monetary Base, scary, like Germany in 1920s. The article below has same chart as yours, and a video by Griffen, backs up what you are saying.
http://aun-tv.com/why-some-think-extreme-inflation-is-possible-for-usa-monetary-base-exploding/
God Bless
SAS reports Q2 2014 production results of 22,505 ounces of gold and
provides notice of earnings release and conference call -
NEWS RELEASES Jul 10, 2014 -
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122577
13.07 g/t Au over 31.6m (7.43 g/t Au Cut); and 11.10 g/t Au over 8.9m (10.72 g/t Au Cut) Drilling Returns:
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122576
The Company is highly leveraged to gold, has attractive Gold Mines projects -
exploration properties to drive future growth -
operates in the world’s greatest gold camp Timmins, Ontario.
http://www.sasgoldmines.com/s/Home.asp
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104125418
God Bless
douginil welcome to St. Andrews Goldfields (STADF)
RE: NYBob: I appreciate your work on providing information but please define the difference between:
g/t Au over 31.6m (7.43 g/t Au Cut)
douginil
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122576
Notes:
All lengths reported at Smoke Deep are reported as core length as
true width is not available at this time.
Assays are cut to 25.00 g/t Au.
"These recent Smoke Deep results are positive and encouraging",
said Duncan Middlemiss, President & CEO of SAS.
"As the reserve base is limited, the down dip extension of
Smoke Deep is significant and could potentially
extend the mine life at Holloway."
Notes:
Core lengths are reported as true widths have not been determined
at this time. High grade assays are capped at 25 g/t Au.
Drilling, Assaying and QA/QC
Underground drilling at Smoke Deep is performed by
Boreal Drilling based in Val-d'Or, QC.
Core samples consist of BQ calibre split core, which is submitted
to the Company's Holt Mine assay laboratory for gold analysis.
Sample size used for analysis consists of 30 grams of sample
material (1 Assay Ton).
The laboratory employs an industry standard fire assay sample
preparation with an atomic absorption finish.
SAS employs an industry accepted QC /QA program consisting of
certified reference standards and blanks that are inserted into
the sample stream, which represent approximately 5% of the total
sample population.
Mineralized samples are routinely sent to an external
laboratory for comparative laboratory analysis.
Qualified Person
The exploration programs on the Company's various mineral
properties are under the supervision of
Doug Cater, P. Geo, the Company's VP, Exploration.
Mr. Cater is a qualified person as defined by NI 43-101, and
has reviewed and approved this news release.
About SAS
SAS (operating as "SAS Goldmines"), is a gold mining and
exploration company with an extensive land package in
the Timmins mining district, north-eastern Ontario, which lies
within the Abitibi greenstone belt, the most important host of
historical gold production in Canada.
SAS owns and operates the Holt, Holloway and Hislop mines which
contribute approximately 100,000 ounces of annual gold production.
The Company is also advancing the Taylor Project and is conducting
an aggressive exploration program across 120km of land straddling
the Porcupine-Destor Fault Zone.
13.07 g/t Au over 31.6m (7.43 g/t Au Cut); and 11.10 g/t Au over 8.9m (10.72 g/t Au Cut) Drilling Returns:
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122576
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104125418
God Bless
NYBob: I appreciate your work on providing information but please define the difference between:
g/t Au over 31.6m (7.43 g/t Au Cut)
douginil
13.07 g/t Au over 31.6m (7.43 g/t Au Cut); and 11.10 g/t Au over 8.9m (10.72 g/t Au Cut) Drilling Returns:
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122576
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104125418
God Bless
SAS Provides an Exploration Update for the Smoke Deep Zone at the Holloway Mine
Williams' interview is excerpted at the KWN blog
here --
Williams - If We Get A Short Squeeze Gold Could Go Ballistic -
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/2_Williams_-_If_We_Get_A_Short_Squeeze_Gold_Could_Go_Ballistic.html
You could see
gold at $100,000 an ounce USD, could be
a MILLION,
eventually could be
a BILLION as the Dollar loses value… .” –
John Williams
Read more at
http://investmentwatchblog.com/warning-massive-inflation-hyperinflation-of-the-dollar-is-on-the-way-as-in-no-purchasing-power-john-williams/#DLYOWYKVLoomGkTs.99
its a long hike back UP -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104065260
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103509045
God Bless
AS reports incident at its Holt Property near Timmins, Ontario
2 hours 43 minutes ago - DJNF
TORONTO, June 26, 2014 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is regretful to advise of a fatal incident that occurred yesterday, June 25(,) 2014, at its Holt Property. An employee of Orbit Garant Drilling working on the Holt Property was struck by a tree, which fatally injured him.
The Ontario Provincial Police have attended onsite, and in conjunction with the Ontario Ministry of Labour, Orbit Garant, and the Company, all parties are proceeding with the investigation of this tragic incident.
"We are very saddened by this news and our sincere condolences go out to the family, fellow workers, and friends", said Duncan Middlemiss, President & CEO of SAS. "SAS is fully engaged in the ongoing investigation, as well as providing support to family and employees at the mine site, as well as to Orbit as it may be required. We remain committed to the health and safety of our employees and contract employees on all of our sites."
SOURCE St Andrew Goldfields Ltd.
St Andrew Goldfields Ltd. Summary (from last analysis -
05/30/2014)
Summary (from last analysis - 05/30/2014)
St. Andrew Goldfields is an undervalued mid tier producer
(my definition) in Ontario, Canada.
Long term (3 to 5 years), this stock is likely a 5 bagger
from its current valuation of $90 million fully diluted.
They are not a low cost producer (about $900 per oz), but
a high gold price should make them very profitable
in the long term.
If you like investing in Canada, this is a good play.
They have 3 producing mines at 80,000 oz per year and
significant exploration potential to increase that total.
Their balance sheet is good with $30 million in cash and
zero debt.
They have a strategy of growing organically and
keeping debt low and cash high.
St Andrew has a very large land package in the high grade
Timmins gold belt.
They have 4 million oz of resources at a good average grade
(3 gpt average, currently producing at 4 gpt).
If they can get production up to 150,000 oz, this stock
should take off. Currently their future reserves are
valued at $25 per oz.
That is low for a producer in Canada.
The stock has crashed since 2011 and currently has
an excellent entry price.
This is my kind of stock: a Canadian producer that is
a likely 5 bagger, and additional exploration potential
to become a 10 bagger.
http://www.goldsilverdata.com/company/448-St-Andrew-Goldfields-Ltd.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101007494
http://www.sasgoldmines.com
email: investor@sasgoldmines.com
SAS: Recent Drilling Confirms the Extension of the 147 Zone Mineralization Onto the Hislop Mine Property -
http://ih.advfn.com/p.php?pid=nmona&article=62509881
Great News - St. Andrew drills 43 m of 2.96 g/t Au at Hislop North -
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSAS-2185650&symbol=SAS®ion=C
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103036908
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102027932
http://www.sasgoldmines.com/s/NewsReleases.asp?ReportID=658125&_Type=News-Releases&_Title=Recent-Drilling-Confirms-the-Extension-of-the-147-Zone-Mineralization-onto-...
http://www.sasgoldmines.com/i/pdf/2014-06-10_NR.pdf
http://www.sasgoldmines.com/i/pdf/Presentation.pdf
http://www.sasgoldmines.com
God Bless
SAS: Recent Drilling Confirms the Extension of the 147 Zone Mineralization Onto the Hislop Mine Property -
http://ih.advfn.com/p.php?pid=nmona&article=62509881
Great News - St. Andrew drills 43 m of 2.96 g/t Au at Hislop North -
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSAS-2185650&symbol=SAS®ion=C
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103036908
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102027932
http://www.sasgoldmines.com/s/NewsReleases.asp?ReportID=658125&_Type=News-Releases&_Title=Recent-Drilling-Confirms-the-Extension-of-the-147-Zone-Mineralization-onto-...
http://www.sasgoldmines.com/i/pdf/2014-06-10_NR.pdf
http://www.sasgoldmines.com/i/pdf/Presentation.pdf
http://www.sasgoldmines.com
God Bless
STADF News: SAS reports 2014 first quarter results, with an eighth consecutive quarter of positive cash flow from operations
SAS reports additional significant grade and width intercepts from
underground drilling at the Taylor Advanced Exploration Project
Photo_Asset_1
May 06, 2014
Drilling returns:
16.62 g/t Au over 19.4 m (11.95 g/t Au cut),
including 24.93 g/t Au over 12.6 m (17.73 g/t Au cut) and
26.21 g/t Au over 10.3 m (9.63 g/t Au cut)
TORONTO, May 6, 2014 /CNW/ -
St Andrew Goldfields Ltd.
(TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to
provide an update on the recent underground drilling program on
the 1004 lens of the West Porphyry Zone ("WPZ") at its Taylor
Project ("Taylor"), located on the western portion of the
Company's land package in the Timmins mining district, north-
eastern Ontario, Canada.
HIGHLIGHTS OF TAYLOR DRILLING RESULTS
T220-034:
8.88 g/t Au over 29.2 metres (6.11 g/t Au cut),
T220-046
16.62 g/t Au over 19.4 metres (11.95 g/t Au cut)
including 24.93 g/t Au over 12.6 metres (17.73 g/t Au cut)
T220-049:
26.21 g/t Au over 10.3 metres (9.63 g/t Au cut),
Notes: All lengths are reported as core lengths.
True widths are expected to range from 85-95% of the core length;
all assays cut to 30.00 g/t Au.
"These recent results from the definition drill program further
solidify our confidence in this project,"
said Duncan Middlemiss, President & CEO of SAS.
"With the addition of a second underground drill, we will be able
to increase our drill density and use this additional information
to update the resource model for the 1004 lens prior to extracting
the bulk sample.
Ramp development is progressing as planned and we remain on
schedule for our bulk sample in Q4."
http://www.sasgoldmines.com/s/NewsDetails.asp?id=122571
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101457154
St.Andrew Goldfields produced ~100,000 ounces of gold for 2013.
Video Interview with Duncan Middlemiss, President & CEO of St Andrew Goldfields -
More great news out this morning I see
St Andrew Goldfields, Now Producing 100k Ounces of Gold, CEO Clip Video -
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2014) -
Duncan Middlemiss, President & CEO of St Andrew Goldfields (TSX:
SAS) (OTCQX: STADF) describes this Junior Gold producer in
Northeastern Ontario with three projects along
the Abitibi Greenstone Belt.
Video Interview with Duncan Middlemiss, President & CEO of St Andrew Goldfields -
Thanks, NYBob.
Last March 27th, I saw a large block of 795,500 shares. Is it sold? Or insider bought more?
Interesting article:
Huge new demand is driving gold prices much higher right now.
And you'll never guess where it could be coming from.
Not China, or the Fed, or the Germans…
I'm talking about Iraq.
Over the past two months alone, the Central Bank of Iraq has taken 60 tons of gold off the world markets.
That's enough pure gold to outweigh 25 brand-new Ford F-150 pickup trucks.
No wonder prices just rallied to a new two-week high of $1,314.43.
Throw in increased tensions in Ukraine and the falling U.S. dollar… and the setup looks good for a gold rally.
By the way, I saw the news today. Very good report. They got 24,361 ounces of gold from its Holt , Holloway and Hislop mines.
'LawofAttraction welcome to St. Andrews Goldfields (STADF -
following mark #4 to you -
thanks for good inf -
Insiders bot more recently:
http://seekingalpha.com/article/2089873-st-andrew-goldfields-5-different-insiders-have-purchased-shares-during-the-last-30-days?source=yahoo
keep it UP
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96092991
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96029004
God Bless
Just cannot be another more undervalued Working Miner, imo
I've been adding shares for a few weeks now and like this one long term, even if gold dips lower...
Here's News, No Rumors..
TORONTO, Jan. 9, 2014 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to report annual 2013 production of 99,548 ounces of gold from its Holt, Holloway and Hislop mines achieving the mid-range level of its 2013 guidance. Fourth quarter production ("Q4 2013") was in line with expectations, with 24,300 ounces produced.
"We are very proud of our team for achieving record production and within our stated 2013 production guidance of 95,000 - 105,000 ounces", said Duncan Middlemiss, President and Chief Executive Officer of SAS. "The Holt Mine continues to increase its production profile on an annual basis, and we look forward to the continuation of this trend. All required infrastructure is in place and with the development of Zone 6, additional production flexibility will be enabled. We look forward to delivering on our objectives in 2014, with the same vigor as in previous years."
Just quietly lurking, waiting for news not rumors. Up about 14% since 1/1/14
Yes. Huge Deal Here, imo. St.Andrews Goldfields
St. Andrews should gain some new intrerst soon. - Good things in their pipeline! $$$
Janet Yellen as Fed Chairman is Very Bullish for Gold -
Have a feeling that 0.32 Gap will fill. Go $STADF
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