TSX:SGR.UN - Post by User
Comment by
marketmineron Feb 06, 2007 4:48pm
150 Views
Post# 12174536
Intentional delays..
Intentional delays..It is obvious that the delay is to keep their findings secret as long as possible... The fact that the revised resource just anounced puts additional resources in the San Antonio is a deviation from the original and revised resource report reported before....
Remember this:
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San Gold expands scope of Cartwright reserve report
2006-10-13 08:20 ET - News Release
Mr. W.S. Ferreira reports
SAN GOLD EXPANDS RESOURCES STUDY SCOPE TO INCLUDE CARTWRIGHT MINE FEASIBILITY
Upon review of the recent positive exploration data on the Cartwright/Gabrielle zones, San Gold Corp. has altered the scope of the resource/reserve report currently being prepared by ACA Howe Ltd. The scope of this report will now include the feasibility of developing and operating these deposits in order to rapidly increase production levels to the current mill capacity which now stands at 1,250 tons per day. San Gold is also investigating changes to the crushing circuit that would substantially increase the milling capacity beyond 1,250 tons per day.
The original scope of the report was to estimate mineral reserves and resources for the Cartwright/Gabrielle and San Gold No. 3 zones, as well as to upgrade the San Gold No. 1 resource using new underground data.
The new feasibility/reserve-resource report is expected to be completed mid-November.
It is San Gold's intention to become a mid-tier gold producer by the end of 2007 and is aggressively pursuing all exploration and development options to do so.
The qualified persons for this project under National Instrument 43-101 are W.S. Ferreira, MSc, PGeo, and D. Ginn, PGeo.
We seek Safe Harbor.