TORONTO, Aug. 8, 2012 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF),
("SAS" or the "Company") is pleased to provide an update on the activities at
the Taylor Project located on the western portion of the Company's land package
in the Timmins mining district, north-eastern Ontario, Canada. Dewatering of the
existing ramp access commenced in late April and as of the end of June, the
portal was open. SAS has awarded the contract to rehabilitate the underground
workings for mine exploration and development and the contractor mobilized in
late June in preparation for ramp rehabilitation and underground development.
Once rehabilitation is complete and services are re-established to the ramp
face, lateral development will commence to access the first ore lens in the West
Porphry Zone. Test mining of this area will begin in the fourth quarter, and a
bulk sample will be sent to the company's Holt Mill for processing towards the
end of 2012.
"The dewatering process is progressing well," said Jacques Perron, President and
CEO of SAS. "Surface facilities such as the mine dry and administration offices
have been upgraded and are fully operational, and underground rehabilitation has
commenced. We are on track to reach the first stope during the third quarter and
subsequently extract the first bulk sample at the top of the West Porhyry
Zone."