Friday 9th December 2016

Resource Clips



San Gold CEO Dale Ginn on gold assays of 36.3 g/t over 13.3 metres

“The Hinge Mine is really starting to wrap up. We discovered it about two years ago—started in production last year and have been progressively exploring it to depth—and have really just got ourselves into a position where we can reach the deeper parts of the mine as we know it with our underground drill-exploration program. And we’ve had tremendous success with this L10 Zone. It seems to be a bit of a different animal: it’s got a longer strike length, overall it’s got larger widths, and it looks to be a larger ore body than the normal vein-type ore bodies that we have encountered in the Hinge. We’re obviously very pleased with the grades of these results, but what we really like is the fact that they are disseminated fairly regularly across the whole width of the zone. They’re not spotty.

“Moving forward, what these results mean is by the first quarter we’ll have reached the southend zone with our Hinge decline, and we’ll be beginning to develop the zone to enter into our production stream. What they also mean is that this looks to be more of a high-volume zone. In other words it’s amenable to potentially long-hole mining but definitely fully-mechanized mining with these better widths and the more regular nature of the ore body itself.”

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