San Gold Corp. A Manitoba based Gold Mining and Exploration Company today reported the discovery of a new high-grade gold occurrence. The spectacular discovery, made by surface diamond drilling has been christened the 007 zone.
San Gold company CEO Dale Ginn reports that drill hole CD-09-007 encountered 1,787.7 grams per tonne gold (52.2 ounces per ton) over 2.1 metres (6.9 feet)
This deposit is located approximately 600 metres to the southeast of the new Hinge mine that was recently put into production by the company. The Hinge mine is proving to be a high grade mine with low production costs.
Dale Ginn, chief executive officer of San Gold, stated: "Our exploration team, led by Bill Ferreira, has made its fourth near-surface, high-grade discovery in close proximity to our mill in the past 18 months, and its third discovery this year. Hole No. 007 is the highest-grade intersection that I can recall in the Rice Lake belt, rivaling the best holes ever drilled in the neighboring Red Lake camp and certainly eclipses anything we have drilled to date in the Hinge zone. This discovery is again testimony to the solid and unique geological thinking that our exploration team has undertaken, as well as a credit to the time-tested success that drilling near past and producing mines brings."
San Gold Corp is indeed contributing awesome results in the new Manitoba gold rush. The Rice Lake mine area is now being called the Golden Fairway.
Full story at this link to the San Gold Website