SAS releases preliminary results of the second bulk sample from Taylor
Advanced Exploration Project
Successful extraction and mill reconciliation of 17,540 tonnes at 9.01 g/t
with 97.4% recovery rate for 4,948 ounces of gold produced
TORONTO, Jan. 27, 2015 /CNW/ -
St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company")
is pleased to announce the preliminary results of the second bulk sample
from its wholly owned Taylor Advanced Exploration Project.
Preliminary Highlights Second Bulk Sample
17,540 tonnes extracted from the 1004 lens and processed at the Holt Mill
Mill reconciled head grade of 9.01 g/t of Au in comparison to the geologically forecasted head grade of 7.20 g/t
Mill recovery rate of 97.4% was 2.4% higher than originally anticipated
recovery rate of 95%
http://web.tmxmoney.com/article.php?newsid=73041236&qm_symbol=STADF:US
Final evaluation of the sample tower program expected by middle of February 2015
Note: The above figures are preliminary in nature and are being verified by 106 representative samples from the 2nd bulk sample. These samples were collected using a sample tower prior to processing of the material and are currently being analyzed by a third party.
"We are extremely pleased with the results of the second bulk sample at Taylor", said Duncan Middlemiss, President and CEO of SAS. "We are waiting for the final evaluation of our sampling tower program by a third party; however, these results from the mill reconciliation are compelling. The head grade of 9.01 g/t is 25% higher than the geological head grade forecast of 7.20 g/t, and the recovery rate of 97.4% exceeds the anticipated recovery rate of 95%. The sample mining of the 1004 Lens was a representative sample. Material was extracted through drifting and longhole mining methods, which would be the core methods to mine this deposit successfully. We look forward to providing another update later in the current quarter once a full report of the bulk sample has been compiled."
Drilling, Assaying and QA/QC
Underground drilling was conducted by Azimut Boreal Drilling Services Inc. Analytical work for the drill core from the Taylor Project was performed by AGAT Laboratories, an accredited lab located in Mississauga, Ontario. Gold analysis was conducted using an industry standard Pulp metallic assay technique. Chip samples and muck samples were collected by SAS geological personnel for all underground drift faces and backs. Analytical work for the underground samples was performed by SGS Laboratories using a fire assay preparation and gravimetric gold analysis. SGS Laboratories located in Cochrane, Ontario is an accredited lab.
Qualified Person
Mine development and evaluation activities at Taylor and processing at the Holt Mill are being conducted under the supervision of Marc-Andre Pelletier, P. Eng., the Company's General Manager of Operations. Mr. Pelletier is a qualified person as defined by National Instrument 43-101, and has reviewed and approved this news release.
The exploration programs on the Company's various mineral properties, including Taylor, are under the supervision of Doug Cater, P. Geo, the Company's VP of 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 and Holloway mines. The Company is also advancing the Taylor Project and is conducting various exploration programs across 120km of land straddling the Porcupine-Destor Fault Zone.
FORWARD-LOOKING INFORMATION
This news release contains forward-looking information Information Form available on SEDAR at www.sedar.com.
SOURCE St Andrew Goldfields Ltd.
about St Andrew Goldfields Ltd., please contact: Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437;
Website:
http://www.sasgoldmines.com
Keyvan Salehi, P. Eng., MBA, Senior Director, Corporate Development and Technical Services, ksalehi@sasgoldmines.com; Duncan Middlemiss, P. Eng., President & CEO, dmiddlemiss@sasgoldmines.com; Ben Au, CFO, VP Finance & Administration, bau@sasgoldmines.comCopyright CNW Group 2015
God Bless
Advanced Exploration Project
Successful extraction and mill reconciliation of 17,540 tonnes at 9.01 g/t
with 97.4% recovery rate for 4,948 ounces of gold produced
TORONTO, Jan. 27, 2015 /CNW/ -
St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company")
is pleased to announce the preliminary results of the second bulk sample
from its wholly owned Taylor Advanced Exploration Project.
Preliminary Highlights Second Bulk Sample
17,540 tonnes extracted from the 1004 lens and processed at the Holt Mill
Mill reconciled head grade of 9.01 g/t of Au in comparison to the geologically forecasted head grade of 7.20 g/t
Mill recovery rate of 97.4% was 2.4% higher than originally anticipated
recovery rate of 95%
http://web.tmxmoney.com/article.php?newsid=73041236&qm_symbol=STADF:US
Final evaluation of the sample tower program expected by middle of February 2015
Note: The above figures are preliminary in nature and are being verified by 106 representative samples from the 2nd bulk sample. These samples were collected using a sample tower prior to processing of the material and are currently being analyzed by a third party.
"We are extremely pleased with the results of the second bulk sample at Taylor", said Duncan Middlemiss, President and CEO of SAS. "We are waiting for the final evaluation of our sampling tower program by a third party; however, these results from the mill reconciliation are compelling. The head grade of 9.01 g/t is 25% higher than the geological head grade forecast of 7.20 g/t, and the recovery rate of 97.4% exceeds the anticipated recovery rate of 95%. The sample mining of the 1004 Lens was a representative sample. Material was extracted through drifting and longhole mining methods, which would be the core methods to mine this deposit successfully. We look forward to providing another update later in the current quarter once a full report of the bulk sample has been compiled."
Drilling, Assaying and QA/QC
Underground drilling was conducted by Azimut Boreal Drilling Services Inc. Analytical work for the drill core from the Taylor Project was performed by AGAT Laboratories, an accredited lab located in Mississauga, Ontario. Gold analysis was conducted using an industry standard Pulp metallic assay technique. Chip samples and muck samples were collected by SAS geological personnel for all underground drift faces and backs. Analytical work for the underground samples was performed by SGS Laboratories using a fire assay preparation and gravimetric gold analysis. SGS Laboratories located in Cochrane, Ontario is an accredited lab.
Qualified Person
Mine development and evaluation activities at Taylor and processing at the Holt Mill are being conducted under the supervision of Marc-Andre Pelletier, P. Eng., the Company's General Manager of Operations. Mr. Pelletier is a qualified person as defined by National Instrument 43-101, and has reviewed and approved this news release.
The exploration programs on the Company's various mineral properties, including Taylor, are under the supervision of Doug Cater, P. Geo, the Company's VP of 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 and Holloway mines. The Company is also advancing the Taylor Project and is conducting various exploration programs across 120km of land straddling the Porcupine-Destor Fault Zone.
FORWARD-LOOKING INFORMATION
This news release contains forward-looking information Information Form available on SEDAR at www.sedar.com.
SOURCE St Andrew Goldfields Ltd.
about St Andrew Goldfields Ltd., please contact: Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437;
Website:
http://www.sasgoldmines.com
Keyvan Salehi, P. Eng., MBA, Senior Director, Corporate Development and Technical Services, ksalehi@sasgoldmines.com; Duncan Middlemiss, P. Eng., President & CEO, dmiddlemiss@sasgoldmines.com; Ben Au, CFO, VP Finance & Administration, bau@sasgoldmines.comCopyright CNW Group 2015
God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
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