San Gold Corp. (TSX:SGR)(USD)$4.12 UP $0.06 (+1.48% Bid 4.11 Ask 4.12
Volume 1,799,045 Very Strong Demand
Days Range 4.05 - 4.15 Last Trade 4/29/2010 3:39:16 PM Click for detailed quote page
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very exceptionally encouraging results from underground exploration drilling following up on the recent discovery of multiple new zones beyond the eastern extremities of the Rice Lake mine (see press releases dated Jan 25 and March 31, 2010). These zones, collectively known as RL East display remarkable widths as well as grade, are hosted within structures that trend upwards toward the high grade 007 zone near surface.
Drill hole #28-10-53 cut 121 g/tonne (3.53 oz/ton) over 13.3 meters (44 ft) and included an extremely high grade segment of 319 g/tonne (9.30 oz/ton) over 4.9 m (15.9 ft) containing coarse visible gold. Drill hole #28-10-80 encountered 5 individual zones within a wider mineralized section of 50 meters (164 ft) grading 4.8 g/tonne (0.14 oz/ton).