TSX:SGR.UN - Post by User
Comment by
marketmineron Aug 25, 2006 11:53am
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Post# 11272909
RE: when the story is not the story the
RE: when the story is not the story the Here's the way I see it... I think they have produced a lot more gold than they are admitting at this time... ...JMHO
They have been running this 2 weeks on 2 weeks off for some time, and processing mostly development ore. The grade is thus severely weakend as they dispose of this material.
As the development progresses to a higher % of ore verses dev rock we will see the oz/ tonne increase... time is necessary for this all to take shape.... Stay long this picture is just coming together.... a safe Canadian mining play.
At the 900 to 1000T/day this would be only about 30 Days of milling.
San Gold hits combined production of 400 tons per day
2006-07-12 09:47 ET - News Release
Mr. Dale Ginn reports
OPERATIONS AND EXPLORATION UPDATE
San Gold Corp. has released the following operations update.
Rice Lake mill
The Rice Lake mill (1,250-ton-per-day capacity) has processed approximately 25,000 tons of development ore and cleanup material to date from a combination of the Rice Lake gold mine and the San Gold No. 1 mine.