St Andrew Goldfields Ord STADF

Primero's drilling update may be good news for SAS

[goldpoet]

Recent drilling suggests the southern end of the Grey Fox deposit extends onto SAS property, fairly near the depleted Hislop open pit. Today's news is probably good news for SAS longer term (if the gold price doesn't collapse).
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1165-tsx/p/9614-primero-provides-exploration-update-expects-to-replace-full-year-production-with-drilling-from-first-half-of-2015.html#.Vazmx5xRFMs
Grey Fox Mineralization Continues to Expand <> Primero also announced drilling results from the first half of 2015 from its Grey Fox property, located approximately 4 kilometres south-east of the Black Fox mine. The Grey Fox property contains a number of mineralized zones (Contact, 147, Grey Fox South, Whisky Jack, Gibson, and Gibson South Zones), all within close proximity to each other. These zones have the potential to become additional sources of ore for the Company and are within trucking distance of the Black Fox mill facility. <> Exploration drilling continues to infill and expand the Contact Zone and Grey Fox South areas of the Grey Fox property. Results have also confirmed that the previously identified Whiskey Jack Zone is the continuation of the Contact Zone to the north, increasing the length of the Contact Zone by approximately 200 metres. Drilling has also extended the Grey Fox South Zone to the north and positive correlation of the drilling with the 2010 airborne magnetometer survey has led to the identification of several additional target zones to the east. These will be tested as part of the remaining 2015 exploration program. Highlights from Grey Fox South include 18.8 g/t gold over 6.0 metres (GF14-975). <> Drilling at the Gibson South Zone, located approximately 600 metres west of the Contact Zone and south of the historic Gibson Decline, has returned results including 3.3 g/t gold over 39.0 metres (GF15-1011). The Gibson Decline was used in 1989 to extract an 8,000 tonne bulk sample with an average grade of 27.4 g/t.