Slate Grocery REIT T.SGR

RE: Website Plan view

[marketminer]

This is a good start... would have liked to see the drill intersectin be noted/ numbered or better yet like the MEM website where the significant intersections pop up when the cursor is moved over them. Also considerable development has been mentioned, as well as other veins not shown on the new lower level plan: SAN GOLD DEVELOPS NEW HIGH GRADE VEIN AT RICE LAKE San Gold Corp.'s first development on a newly discovered high-grade vein (101 vein) at the 30th level (4,500-feet depth) of the Rice Lake gold mine has resulted in high-grade gold values. The initial crosscut and drift sampling on the 101 vein has an average gold grade of 1.85 ounces per ton (63.4 grams per tonne (g/t)) over an average vein width of 6.5 feet (2.0 metres) for the first 40 feet (12.2 metres) developed. The 101 vein remains open along strike as well as above and below the 30th level. The 101 vein is the third in a series of high-grade veins (greater than 1.0 ounce per ton average) recently discovered and developed by San Gold within the Rice Lake gold mine. The 93 and 98 vein development has also been progressing, giving results similar to previous reports (see news in Stockwatch March 22, 2007). All of these veins have been located at the eastern extremities of known productive areas and project upward and to the east into unmined and unexplored areas of the mine. The average grade used in this calculation was generated by 12 assays over four development faces, with individual assays ranging from a low of 0.39 ounce per ton (13.36 g/t) to a high of 6.98 ounces per ton (239.0 g/t). Coarse, visible gold was observed in all development faces so far. Two new structures with similar geology and potential have been located on the 26th level (3,900-feet depth) and are scheduled to begin development in June, 2007. The 93, 98 and 101 vein high-grade developments over the past months are not included in the company's most recent reserve and resource report (ACA Howe, 2007), available on the company's updated website. And: SAN GOLD DEVELOPS ADDITIONAL HIGH GRADE AT RICE LAKE San Gold Corp.'s mining development on the 28th level (4,200 feet) of the Rice Lake gold mine has identified consistent and extremely high face grade values within an upward extension of the 93 vein. Face sampling so far has averaged 1.76 ounces per ton (60.27 grams per tonne) over an average true width of five feet (1.5 metres) and a strike length of 175 feet (53.3 m). Individual face grades assayed up to 4.16 ounces per ton (143 g/t) over a true width of six feet (1.83 m). Coarse, visible gold was routinely encountered throughout this development. Development continues toward drill hole No. 28-98-24 which assayed 0.85 ounce per ton (29.11 g/t) over 11.4 feet (3.5 m), and is located 200 feet (60.1 m) to the north of the current development face on the 28th level. This is San Gold's second significant high-grade development in as many months at the Rice Lake gold mine. The 93 vein is a shear-hosted tabular quartz vein located 500 feet (152 m) east of and striking parallel to the similar high-grade 98 vein, which is also being developed currently by San Gold (see news reported in Stockwatch Nov. 1, 2006). This vein represents an upward extension of previously mined areas from lower mine levels and is above the current resource extents and not part of any current resource or reserve estimate. This vein remains completely open and untested above the 28th level. Over 175 feet (53.3 m) of lateral mine development has been completed to date on this vein by San Gold, representing less than half of the estimated strike length of this vein. Twenty faces were sampled and 140 chip samples were assayed for gold with individual values ranging from 0.08 ounce per ton (2.74 g/t) to 8.41 ounces per ton (288 g/t).