St Andrew Goldfields Ord STADF

Taylor Underground Drill Program

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SAS Provides Update on the Taylor Underground Drill Program 08:00 EST Monday, March 03, 2014 Print this article Toronto, Ontario--(Newsfile Corp. - March 3, 2014) - St Andrew Goldfields Ltd. (TSX: SAS) (OTCQX: STADF), (“SAS” or the “Company”) is pleased to provide an update on the recent underground drilling program on the 1004 lens of the West Porphyry Zone (“WPZ”) at its Taylor Project (“Taylor”), located on the western portion of the Company’s land package in the Timmins mining district, north-eastern Ontario, Canada. HIGHLIGHTS OF TAYLOR DRILLING RESULTS - T220-022: 18.13 g/t Au over 12.4 metres (22.57 g/t Au uncut), including 22.37 g/t Au over 9.9 metres (27.94 g/t Au uncut) - T220-023: 11.50 g/t Au over 4.8 metres (12.49 g/t Au uncut) - T220-029 7.97 g/t Au over 4.2 metres (7.97 g/t Au uncut) Notes: All lengths are reported as core lengths. True widths are expected to range from 85-95% of the core length; all assays cut to 30.00 g/t Au. “The latest drill campaign at Taylor continues to demonstrate great results with high grades over good widths,” said Duncan Middlemiss, President & CEO of SAS. “SAS is very encouraged with the potential of the West Porphry Zone. We remain optimistic about the potential of expanding this zone located in the hangingwall of the prolific Porcupine-Destor Fault Zone, and expect to extract the second bulk sample (located on the eastern end of the 1004 lens) in the fourth quarter of this year.” The Company recently completed ten (10) drill holes collared from a drill bay in the ramp development on the 220m Level elevation, totaling 1,900 metres. Drilling targeted the easterly strike extension of the 1004 lens resource block, situated within the WPZ, in the vicinity of the second proposed bulk sample. The results continue to provide additional information which will be used to increase the Company’s understanding of both the geological and structural setting in the east end of the 1004 lens and to confirm the tenor and orientation of the mineralization. These recent results have extended 1004 lens mineralization an additional 25 metres to the east. This drill program continues to demonstrate the potential to expand mineralization on the 1004 resource block at depth, and provides SAS with additional validation for advancing the underground exploration program at Taylor. Drilling on the 1004 lens continues and additional holes have been added to follow-up on these results. All recent assay results are shown on plan view (see “Figure 1”). Assay results from a total of seven (7) holes have been returned from the program to date and are summarized in the table below. Taylor Project – Underground Drill Program on the 1004 lens east, WPZ Hole Number UTM (NAD 83) Hole Depth (Metres) Core Length Gold Grade (uncut) Gold Grade (cut) Easting Northing Elevation Azimuth Dip From To (Metres) g/t g/t T220-022 528038 5379113 77 28 -72 132.4 144.8 12.4 22.57 18.13 Including 132.4 142.3 9.9 27.94 22.37 T220-023 528060 5379105 77 48 -73 158.6 163.4 4.8 12.49 11.50 T220-024 528060 5379105 77 79 -72 190.2 190.8 0.6 23.70 - T220-025 528043 5379105 77 48 -64 164.5 165.4 0.9 50.10 30.00 T220-026 528043 5379105 77 70 -65 188.7 192.8 4.1 2.49 - T220-027 528043 5379105 77 59 -59 127.8 131.0 3.2 1.77 - T220-029 528043 5379105 77 115 -80 28.7 32.0 3.3 4.90 - And 202.5 206.7 4.2 7.97 - Notes: All lengths are reported as core lengths. True widths are expected to range from 85-95% of the core length; all assays capped at 30.00 g/t Au. Taylor Location and Geology The Taylor Project is situated 50 km east of Timmins, ON and lies along the Porcupine Destor Fault Zone (“PDFZ”) in eastern portions of the Porcupine Mining Camp between the Stock and Black Fox gold deposits. As with other gold deposits to the east and west, such as Black Fox, Stock, Aquarius and Nighthawk, the deposits on the Taylor Project represent examples of ultramafic-hosted gold mineralization that occur in areas of carbonate alteration along and adjacent to strongly foliated high strain zones associated with the PDFZ and its splays. Drilling, Assaying and QA/QC Underground drilling was conducted by Azimut Boreal Drilling Services Inc. located in Val d’Or, QC. Analytical work for the Taylor Project was performed by AGAT Laboratories, an accredited lab located in Mississauga, ON. Gold analysis was conducted using an industry standard Pulp metallic assay technique. 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 drilling program at the Taylor Project is under the supervision of Mr. Doug Cater P. Geo, the Company’s Vice President Exploration who is a qualified person as defined by NI 43-101, and has reviewed and approved this news release. About SAS SAS (operating as “SAS Goldmines”), is a gold mining and exploration company with an extensive land package in the Timmins mining district, northeastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada. SAS owns and operates the Holt, Holloway and Hislop mines and produced approximately 100,000 ounces of gold in 2013. The Company is also advancing the Taylor Project and is conducting aggressive exploration across 120km of land straddling the Porcupine-Destor Fault Zone. To view an enhanced version of this image, please visit: https://orders.newsfilecorp.com/files/3208/8913_tay-enhanced.jpg For further information about St Andrew Goldfields Ltd., please contact: Tel: [phone] or [phone]; Fax: [phone]; Website: www.sasgoldmines.com Suzette N Ramcharan Director, Investor Relations Email: mailto:[e-mail] Duncan Middlemiss Ben Au President & CEO CFO, VP Finance & Administration Email: mailto:[e-mail] Email:[e-mail]