Where to spend your profits and take the risk out of this exploration play.
This mine has just reopened, is in Canada and is in production.
San face samples 35.6 g/t Au over 91.5 m at Rice Lake
2006-11-01 09:41 ET - News Release
Mr. Dale Ginn reports
SAN GOLD DEVELOPS HIGH GRADE "98" VEIN AT RICE LAKE
Mining development on the 29th level (4,400 feet) of San Gold Corp.'s Rice Lake gold mine has identified significantly higher grade gold values than anticipated. Face sampling of the drift and raise development along the "98" vein has resulted in an average diluted grade of 1.04 ounces per ton (35.60 grams per tonne) over a strike length of 300 feet (91.5 metres) and an average true width of six feet (1.8 metres). Coarse, visible gold was commonplace throughout the development of this block of the 98 vein.
The mine development of the 98 vein on 29 level is considered to be significant in that it indicates that the large Rice Lake gold mine and area hold the potential for additional significant high-grade discoveries in areas that are currently serviced by underground access infrastructure.