RE: BIG PICTURE - BRD GOT MENTIONED @ PDAC Josa:
At the end of the Kerry Smith interview on Berman's call Larry asked for his favourites Kerry mentioned Barrick, El Dorado & Alamos. When asked about disclosure for stocks that he owned he mentioned Brigus. The then had a discussion of the location. Excellent recommendation for a proactive IR to leverage for BRD exposure?
See also SAS's PR for North Hislop earlier today... closeology and OBVIOUS synergy... SAS is up on the news. Edited version is my highlighted of the PR (See SAS Website for full PR).
St. Andrew drills 9.6 m of 94.56 g/t Au at Hislop
2013-03-04 08:50 ET - News Release
Mr. Jacques Perron reports
SAS REPORTS ADDITIONAL DRILLING RESULTS FOR THE HISLOP NORTH AND SMOKE DEEP ZONES AND SIGNIFICANT INITIAL RESULTS FROM THE HISLOP PIT COMPLEX AND NEW SEDIMENT ZONE AT THE HOLLOWAY MINE
St. Andrew Goldfields Ltd. has released drilling results from the Hislop North project, northwest of the Hislop mine, the Hislop pit depth extension drilling, and additional drilling results from the Smoke Deep zone and Sediment zone at the Holloway mine.
HIGHLIGHTS OF DRILLING RESULTS
Hislop Pit Complex
- HP12-001: 2.25 g/t Au over 11.1 metres - HP12-002: 94.56 g/t Au over 9.6 metres (uncut) or 25.45 g/t Au over 9.6 metres (cut) including 120.6 g/t Au over 7.5 metres (uncut) or 31.80 g/t Au over A 7.5 metres (cut) Hislop North A - H12-035: 13.30 g/t Au over 3.7 metres - H12-042 : 7.70 g/t Au over 6.2 metres A A Smoke Deep ZoneA - 780-774: 5.85 g/t Au over 11.4 metres - 780-779: 6.83 g/t Au over 13.6 metres - 780-786 8.64 g/t Au over 7.9 metres - GH13-002 3.46 g/t Au over 12.2 metres A including 4.39 g/t Au over 6.6 metres Sediment Zone A - GH13-001: 5.20 g/t Au over 4.0 metres - GH12-001: 5.60 g/t Au over 8.1 metres
"We are encouraged with the recent drilling results from the Hislop North and Smoke Deep follow up drilling, and excited with the initial results from drilling at depth below the Hislop Pit and the discovery of a new zone at Holloway", said Jacques Perron, President and CEO of SAS. "We believe that the Hislop Property has great potential for additional zones which could extend mining in this area. Our focussed exploration efforts have returned consistent results. We expect to drill approximately 60,000 metres during 2013 to continue to assess the exploration potential of our East Timmins properties."
Hislop Property
The Hislop Property has a long history of exploration and development as well as production in 1990-91, 1993-94, 1999-2000, and 2005-2006, and from 2010 to present. SAS purchased the property in 1993 and actively explored and developed the property. Historical mining was conducted via shaft, ramp and shallow pits. Several gold bearing zones occur on the property over a strike length of about 1,200 metres following the fault contact between mafic flows to the north, and ultramafic rocks to the south. Gold is associated with the margins of feldspar porphyritic syenite dikes that have intruded the mafic and ultramafic rocks. The dikes are generally conformable to the contact between the mafic and ultramafic rocks striking west to northwest and dipping steeply to the north.
The mineralized areas have been called from west to east, the West Pit, Shaft Zone and the East Pit. Two settings and styles of gold mineralization are present at the Hislop property. Gold occurs on the south side of the syenite dike complex in the carbonate and carbonate breccia rock which separates the syenite dikes from the less altered ultramafic volcanic rocks to the south side. Gold also occurs on the north contact of the syenite dike complex in quartz veinlets, stockworks and fractures in hematite altered and syenitized mafic metavolcanic rocks.
Recent drilling north of the property boundary, approximately 500 metres northwest of the Hislop Pit Complex has identified theA 147, and Grey Fox mineralized zones (see Brigus Gold Corp's press release dated September 10 and 12, 2012, available under the Company profile on www.sedar.com). SAS believes it has traced these structures onto the south side of the property boundary.
Hislop North
Drilling continues with two rigs positioned along the northern Hislop property boundary which returned near surface intersections over significant widths intercepted in hole H12-042 returning 7.70 g/t Au over 6.2 metres.
Drilling continues to follow-up on previously reported intersections in hole H12-029 which returned 10.22 g/t Au over 24.0 metres including 23.22 g/t Au over 5.9 metres, and H12-015 which returned 4.45 g/t Au over 9.0 metres (see press release dated December 10, 2012, available under the Company's profile on SEDAR at www.sedar.com or on the website at www.sasgoldmines.com). Hole H12-035 returned 13.30 g/t Au over 3.7 metres, including a high grade value of 60.90 g/t Au over 0.8 metres (uncut) or 32.00 g/t Au over 0.8 metres (cut). The zones are hosted within a brecciated albitic mafic volcanic with significant quartz veining and disseminated pyrite. The mineralized intercepts are situated directly along strike from the 147 and Grey Fox South mineralized trend.
Expansion of the mineralization remains open in all directions and the Company expects to continue drilling on both target areas into the second quarter of this year. SAS completed a series of geophysical surveys over the Hislop North area in 2012, consisting of both ground magnetics and borehole and ground Induced Polarization (IP) surveys.A Aggressive follow-up on these recent drill results and geophysical targets is continuing.
Significant assay intercepts from the recent Hislop North drilling program are summarized in the table below:
Hislop Pit Complex (Refer to Figure 2 for a longitudinal view of the Hislop Pit Complex drilling results)
In late 2012, SAS initiated a drilling program to test for possible mineralized extensions situated below the West Pit. SAS is pleased to report assay results from the program which intersected a strongly silicified, sulphidized and mineralized syenite. Hole HP12-002 returned 94.56 g/t Au over 9.6 metres (uncut), including 120.60 g/t Au over 7.5 metres (uncut), situated approximately 75 metres below the bottom of the current West Pit and 40 metres to the northwest of previous historical drilling.
The mineralized zone remains open along strike and at depth. A widely spaced first pass drill program is underway by SAS to test for mineralized extensions below the East and West pits at the Hislop Pit Complex. One drill continues to actively follow-up on these assay intercepts.
Significant assay intercepts from the recent surface drilling program on the Hislop Pit Complex are summarized in the table below:
Hislop Pit Complex 2013 Surface Drilling ProgramDrilling, Assaying and QA/QC
Surface drilling was conducted by Forage Orbit Garant Drilling Services Inc. Analytical work for surface drilling conducted on the Smoke Deep and Sediment zones were performed by Laboratoire Expert Inc., located in Rouyn-Noranda, QC, and analytical work for Hislop North and the Hislop Pit were performed by Agat Labs Limited, in Mississauga, ON, both accredited labs. Underground drilling at Smoke Deep is performed by Boreal Drilling and analytical work is performed at the company's Holt mine assay laboratory. SAS employs an industry accepted QC/QA program consisting of certified reference standards and blanks that are inserted into the sample stream, which represent approximately 5% of the total sample population.
Qualified Person
The exploration programs on the Company's various mineral properties are under the supervision of Doug Cater, P. Geo, the Company's VP, Exploration. Mr. Cater is a qualified person as defined by NI 43-101, and has reviewed and approved this news release.
We seek Safe Harbor.