Fall drill programmeAndrew Goldfields Ltd (2) (C-SAS) - News Release
St. Andrew provides details of fall 2003 drill programs
St Andrew Goldfields Ltd (2) SAS
Shares issued 113,331,808 Sep 5 2003 close $ 0.24
Monday September 8 2003 News Release
Ms. Victoria Vargas reports
ST ANDREW ANNOUNCES PLANS TO DRILL 22,500 METRES DURING FALL 2003 EXPLORATION PROGRAMS
St. Andrew Goldfields has provided details of the planned fall 2003 exploration drill programs. All the drill programs have been generated using the 3-D databases and 3-D models compiled by St. Andrew's 45.4-per-cent-owned Geoinformatics Explorations Ltd.
Eskay Creek, British Columbia
Heritage Explorations, 32.5 per cent owned by St. Andrew, commenced, on Sept. 1, 2003, the initial 15 holes of a planned 6,000-metre drill program to test six priority targets. The priority targets are the Lulu zone, Hexagon prospect, Pie area, TV zone, Bonsai prospect and Treaty prospect. The drill program is part of a $2-million exploration program being carried out by Heritage Explorations.
Timmins, Ont., exploration program
An 8,500-metre fall 2003 drill program is planned to explore the potential of increasing the resource base at the Stock gold complex. The cost of the drill program is estimated to be $650,000. Drilling is expected to commence by Oct. 1, 2003.
Clavos area
A 5,500-metre surface drill program will test the on-strike and down-dip extensions of the Clavos mineralization. A number of targets have been identified down the axis of the shallow easterly plunging Clavos mineralized zone to a depth of about 550 metres below surface. The Clavos West conceptual target will also be drilled. This target, defined by Geoinformatics Explorations, indicates a westerly plunge to the western portion of the Clavos mineralization.
Stock area
A 3,000-metre surface drill program is planned to follow up on:
the West Discovery zone located 150 metres west of the present mine workings where a previous intersection, 330 metres below surface, had values of 14.4 grams per tonne over three metres and 10.6 grams per tonne over one metre;
an intersection, 300 metres below surface, of 25.0 grams per tonne over 5.2 metres in a new zone 300 metres south of the existing main N1-N2 horizon; and
the down plunge extension of the N2 orebody toward an isolated surface hole intersection of 7.3 grams per tonne over 5.2 metres.
Similar to the N2 zone, the previously mined Central and West zones also remain open down plunge and these will require some surface drilling to better define the gold resources. It is anticipated that an underground development and drill program, early in 2004, will follow up on this surface drilling program.
Nixon Fork gold mine, Alaska
An 8,000-metre underground drill program is planned to upgrade existing resources to reserve category, delineate additional resource ounces in known oreshoots and test a number of additional targets in the vicinity of the existing underground workings. The cost of the drill program is estimated to be $500,000 and is expected to commence in October, 2003.
The exploration programs are being carried out under the supervision the company's exploration managers (Eskay Creek -- Gerry Bidwell, PGeo; Timmins -- Wayne Reid, PGeo; and Nixon Fork -- Bill Burnett), all of whom are qualified persons as defined by National Instrument 43-101.
(c) Copyright 2003 Canjex Publishing Ltd. https://www.stockwatch.com
old url (better for printing