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SAS Reports Q1 2015 Production of 23,727 Ounces

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NYBob Member Level  Wednesday, 04/15/15 04:57:43 PM
Re: goforthebet post# 331
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SAS Reports Q1 2015 Production of 23,727 Ounces of Gold, Exceeding Q1 Forecast by 11%, and
Announces Release Date for Q1 2015 Financial Results and Conference Call



TORONTO, April 9, 2015 /CNW/ -

St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company")
is pleased to report its first quarter ("Q1 2015") production for 2015 of
23,727 ounces of gold, achieving
11% higher production than Q1 2015 forecast.

"We are very pleased with the results of Q1, having
surpassed our gold production forecast estimates by 11%",
said Duncan Middlemiss, President and Chief Executive Officer of SAS.

"Q1 2015 throughput from
the Holt and Holloway Mines was in line with previous
guidance in terms of tonnes processed.

The additional gold produced is attributed to achieving
higher grades to the mill than originally anticipated.

Both mines experienced 7% higher head grades than forecast.

We look forward to achieving our guidance of 85,000 – 95,000 ounces of
gold from Holt and Holloway in 2015, and
advancing our Taylor Project into commercial production
by the fourth quarter of this year."

Q1 2015 Production Results -


http://www.sasgoldmines.com/s/NewsDetails.asp?id=122590



Website:
http://www.sasgoldmines.com

http://www.sasgoldmines.com/i/pdf/Presentation.pdf


God Bless


My opinions are my own and and DD I post should be confirmed as unbiased
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