SAS announces successful exploration results for Holt and Holloway properties:

• Successful Phase 2 drilling at Holt Zone 4 extends mineralized corridor to north
• New Drill Results Extend Holloway's Smoke Deep Zone to the east
• Mineralization outlined below existing Mattawasaga Pits

TORONTO, May 7, 2015 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to provide an  exploration update which includes assay results from both its Phase 2 deep surface drill program, targeting Zone 4  ("Zone 4") mineralization, the Mattawasaga Pit drilling program at its 100% owned Holt Mine ("Holt"), and underground drilling at the Smoke Deep Zone ("Smoke Deep") at the Holloway Mine ("Holloway").

Highlights of Drilling Results
Phase 2 Zone 4 Deep West Extension (Surface drilling):

• ZN4-15-002W-1   3.37 g/t Au over 23.6 metres including 6.04 g/t Au over 5.4 metres  
• ZN4-15-003          4.78 g/t Au over 6.6 metres

Mattawasaga Pit (Surface drilling):

• MAT – 6(pit)     3.12 g/t Au over 16.3 metres including 11.87 g/t Au over 1.4 metres.
• MAT-17 (pit)     1.66 g/t Au over 37.0 metres including 3.10 g/t Au over 4.6 metres.

Holloway Smoke Deep (Underground drilling):

• 945-033              21.05 g/t Au (20.12 g/t Au cut) over 6.0 metres. 
• 945-063              8.27 g/t Au over 8.1 metres and 12.52 g/t Au over 1.5 metres.  

Notes: All drillhole core intercepts are reported as core length as true widths are not known at this time. Zone 4 assays are cut to 32.00 g/t Au, Smoke Deep assays are cut to 25.00 g/t Au.

"These results are encouraging on all fronts. The continuation of successful drilling results at the Zone 4 Deep West Extension further demonstrates the potential for growth within this mineralized corridor between the McKenna and Ghostmount faults. Company-wide we have added nearly one million ounces of inferred resources in the fourth quarter of 2014 and we believe further additions are likely. Positive drill results at the Mattawasaga Pit will be incorporated into a geological model to determine the viability of these results in a near mill mining scenario, which would potentially contribute to our objective of maximizing capacity at the Holt Mill. Additionally, the Holloway Smoke Deep results demonstrate that the mineralized zone continues down plunge and the mine exploration efforts are focused on locating more mineralized material to expand this zone and expected mine life" commented Duncan Middlemiss, President and CEO of SAS.

Holt - Phase 2 Zone 4 Deep West Extension Drill program

Recent 2015 surface exploration drilling programs on the Holt property continue to follow-up on the Zone 4 Deep West Extension targeting multiple flat-lying, en-echelon mineralized zones and ultimately targeting mineralization associated with the westerly strike projection of Zone 4 (the most significant production horizon being mined at Holt).  Assay results from Phase 1 of this drill program were reported by SAS on October 9, 2014 and January 15, 2015 (See press releases, available under the Company's profile on www.sedar.com or on the Company's website at www.sasgoldmines.com.)

Phase 1 drilling resulted in a total of 3 mineralized zones being defined (Zone 4 Lower / NBS and Vertical zones) and resulted in a 2014 year-end inferred mineral resource addition of 5.5 million tonnes grading 4.82 g/t Au containing 0.86 million ounces of gold (excludes V-93 and DL zones). These zones remain open with additional mineral potential available along strike to the east, west and both up-and down dip.

Phase 2 drilling commenced in mid-January to address the following exploration objectives; to in-fill gaps in the drill coverage, to better define the geometry of the mineralized zones and to test the McKenna Fault (northern side of the mineralized corridor) for mineral potential.  Refer to Figure 1.

In the first quarter of 2015 ("Q1 2015"), three surface holes and associated wedge cuts totaling approximately 5,000 metres ("m") were completed on the Zone 4 West target.  Hole ZN4 15-003 which targeted the up-dip extension of Zone 4 mineralization, returned assays of 4.78 g/t Au over 6.6 m. This intercept occurred approximately 145 m north of the initial assay intercept in drillhole WE14-001 which returned 9.97 g/t Au over 11.2 m. Drillhole ZN4 15-002 Wedge- 1 intersected both the NBS Zone and Zone 4 mineralization 300 m to the east and returned assays of 3.37 g/t Au over 23.6 m including 6.04 g/t Au over 5.4 m.  These recent drill results indicate that Zone 4 and NBS zone mineralization extends from the Ghostmount Fault to the south – northward towards the McKenna Fault zone. The mineralization remains open both along strike and up-dip to the north. A drill isometric and cross-section showing the positions of the drill holes is found in Figure 2 and 3 (below).

The mineralized zones (which are readily recognizable in core) consist of a quartz breccia zone containing approximately 3-5% disseminated pyrite hosted within a sericitic and hematite altered mafic volcanic host rock.

Zone 4 mineralization consists of multiple, en-echelon shallow dipping zones (20° South) which are structurally controlled between the McKenna Fault to the north and the Ghostmount Fault to the south. Recent drilling targeted Zone 4 mineralization further north than any previous holes, confirming continuous mineralization extending to the northern half of the fault corridor. Previous drilling focused within 150-200 m of the Ghostmount fault, on the southern half of the corridor. In light of the recent discoveries the zone remains open within the corridor to the north, along strike and down the plunge.

Refer to Figure 2 for an isometric view of Zone 4 surface and underground drill intercepts.

Table 1: Phase 2 Holt Zone 4 Deep West Extension surface drill program assay results

Notes:  All lengths are reported as core length as true width is not available at this time. Assays are cut to 32.00 g/t Au.

Holt – Mattawasaga Pit Drill program

The Mattawasaga Zone is situated 500m east of the Holt Shaft. Historical production records indicate 213,000 tonnes grading 2.68 g/t Au for a total of 18,341 ounces of gold were extracted from the two pits by a historical operator in the early 1990's.

In Q1 2015, SAS drilled 20 holes totaling 3,150 m which was designed to target Mattawasaga Zone mineralization situated below and west of the historical west pit. Typical Holt style mineralization was reported in holes below the western edge of the West Pit where wide zones of moderate gold grades were reported. Significant program assay results were returned in holes MAT-17 which returned 1.66 g/t Au over 37.0 m, MAT-06 which returned 3.12 g/t Au over 16.3 m and MAT-18 which returned 2.20 g/t Au over 11.9 m. A complete list of all program assay results is found in Table 2 (at the end of this press release).

Refer to Figure 4 for an isometric view of Mattawasaga Pit surface drill intercepts.

Holloway – Smoke Deep Underground Drill program

Underground drilling east of Smoke Deep commenced earlier this year to test the possible eastern and down dip extension of the zone from the underground drift located on the 945m Sub-level. The drill program was successful, and continues to extend the Smoke Deep deposit both along strike further to the east and down plunge. This drilling has effectively extended the known mineralized strike length of the Smoke Deep deposit by 50 m for a total strike length of 550 m. Recent assay results include hole 945-033, which returned 21.05 g/t  Au (20.12 g/t cut) over 6.0 m and including hole 945- 063 which returned 8.27 g/t Au over 8.1 m. These drill intersections are typical Smoke mineralization, associated with the mafic volcanic / ultramafic volcanic contact.

SAS recently extended the hanging wall drift to the east to provide a drill platform, with drilling in progress from underground set-ups to test for the mineralized extensions both to the east and at depth. This zone remains open to the east with additional drilling planned to follow-up on the strike extension of this target. A list of assay results from the smoke Deep drill program is found attached at the end of this release. Refer to Figure 5 for a longitudinal section of Smoke Deep drilling.

Drilling, Assaying and QA/QC

Surface drilling at Holt Zone 4, Mattawasaga and underground drilling at Holloway – Smoke Deep zones was performed by Asinii Drilling based in Notre dame du Nord QC. Analytical work for Holt Zone 4 West was performed by Lab Expert Inc. located in Rouyn-Noranda, QC. Samples consisted of half sawn NQ caliber core. Gold analysis was conducted using 30 gram samples (1AT portions) with gold grades determined by standard fire assay preparation and a gravimetric finish.   Analytical work for core samples from the Mattawasaga and Smoke Deep drill programs was performed at SAS's Holt mine assay lab and at Swastika Labs located in Swastika, ON.  Samples consisted of whole BQ caliber sized core. Gold analysis was conducted using 30 gram samples (1AT portions) with gold grades determined by standard fire assay preparation and a gravimetric finish. 

SAS employs an industry accepted QA/QC 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 of Exploration.  Mr. Cater is a qualified person as defined by NI 43-101, and has reviewed and approved this news release.

2015 Annual Meeting of Shareholders and First Quarter Earnings Call

The Company will hold the annual meeting of shareholders on Wednesday, May 13, 2015 at 11:00 AM EDT, and will release its 2015 first quarter financial results after market on Tuesday, May 12, 2015.  The Company invites you to participate in its conference call to discuss its first quarter financial and operating results for 2015.  The conference call will take place on Wednesday May 13, 2015 at 2:00 PM EDT.

Participants may join the call via webcast at www.sasgoldmines.com or call in toll free at 1-866-212-4491.  A playback of the conference call will be available via the website and will be posted within 24 hours of the call.

About SAS

SAS (operating as "SAS Goldmines"), is a gold mining and exploration company with an extensive land package in the Timmins mining district, north-eastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada.

SAS owns and operates the Holt and Holloway mines. The Company is also advancing the Taylor Project and is conducting an aggressive exploration program across 120km of land straddling the Porcupine-Destor Fault Zone.

Appendices

Table 2: Holt Mattawasaga Pit drill program assay results

Notes: All lengths are reported as core length. True width is approximately 60% of core length. Assays are cut to 25.00 g/t Au.
NSV = no significant values

Table 3: Holloway Smoke Deep 945 sub-level drill results.