St Andrew Goldfields Ltd. (T-SAS), ("SAS"
or the "Company") is pleased to announce exploration results from
the Garrison Creek Project, where recent drilling has continued to extend the
zone of gold mineralization. The Garrison Creek Project is located in the
Timmins Mining District, approximately 20 kilometres
due west of the Holloway-Holt Mine and is 90% owned by the Company and 10% by
Goldcorp (Canada) Inc.
Highlights:
Syenite Target
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-
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Hole GC10 - 018
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0.93
g/t Au over 46.1 metres
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including
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7.92
g/t Au over 3.5 metres
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-
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Hole GC10 - 021
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0.95
g/t Au over 33.6 metres
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including
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19.40
g/t Au over 0.65 metres
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Porcupine-Destor Fault Zone
("PDFZ") Target
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-
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Hole GC10 - 020
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1.15
g/t Au over 89.5 metres
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including
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3.20
g/t Au over 20.0 metres
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During 2010, SAS commenced a surface drilling program on the Garrison
Creek Project ("Garrison Creek") to assess a number of conceptual
targets and/or where limited historical exploration returned encouraging
results. The targeted rocks are situated within the Garrison Fault zone, a
northwest-striking structure that cross-cuts lithological units and earlier
regional structures. Initial drilling in 2010 revealed high gold grades
associated with abundant quartz veins within a much wider, prospective zone
of alteration and lower grade gold mineralization. To date, the most
significant drilling has intersected sheared and heavily veined syenite with hole GC10-06 returning 0.81 g/t Au over
187.6 metres; which includes a central higher grade
zone averaging 4.42 g/t Au over 22.9 metres (see
press release dated September 15, 2010, available under the Company's profile
on SEDAR at www.sedar.com
or on the SAS website at www.sasgoldmines.com).
Recent drilling has continued to extend this intermittent zone of
lower grade mineralization, with associated higher grade, narrow sections,
over a strike length of approximately 250 metres
and from surface to a vertical depth of 500 metres.
Recent drilling returned 0.93 g/t Au over 46.1 metres
(including 7.92 g/t Au over 3.5 metres) in hole
GC10-018; and 0.95 g/t Au over 33.6 metres
(including 19.40 g/t Au over 0.65 metres) in hole
GC10-021. Based on a reinterpretation of the geophysical data, the drilling
is being focussed on east-west trending geological
structures that crosscut the syenite body and could
represent "feeder" structures that could be host to elevated
concentrations of gold. Drilling also continues along strike of the Garrison
Fault, within the syenite where aeromagnetic
surveys suggest there exists 600 metres or more of
strike length that remains untested.
Limited drilling on the second target near to the PDFZ has returned
3.20 g/t Au over 20 metres, within a zone that
returned 1.15 g/t Au over 89.5 metres in drill hole
GC10-020. The mineralization is hosted within strongly sheared and heavily
altered ultramafic metavolcanic rocks that are
cross-cut by syenite dykes. Drill hole GC11-001
tested down dip of the intercept in GC10-020 and has so far returned 0.68 g/t
Au over 27.7 metres, with further assays pending.
The encouraging results from those two drill holes lie 200 metres along strike from drill hole GC10-003 that
returned 35.5 g/t Au over 1.5 metres (see press
release dated September 15, 2010, available under the Company's profile on
SEDAR at www.sedar.com
or on the SAS website at www.sasgoldmines.com)
and also 50 metres along strike from historical
drill hole 46-16 that returned 2.49 g/t Au over 13.2 m. Further drilling will
be designed to test the continuity of those shallow intercepts both down dip
and along strike of GC10-020.
Significant intercepts from the most recent drilling completed to date
are summarized below.
Summary of Garrison Creek Drilling Program (Recent Drilling)
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Intersection (Metres)
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Core Length
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Gold Grade
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Hole Number
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From
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To
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Metres
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Grams per Tonne (g/t)
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GC10 - 018
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516.4
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562.5
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46.1
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0.93
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including
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535.5
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539.0
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3.5
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7.92
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GC10 - 020
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75.5
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165.0
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89.5
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1.15
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including
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107.5
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127.5
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20.0
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3.20
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GC10 - 021
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474.9
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508.5
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33.60
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0.95
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including
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474.9
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475.5
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0.7
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19.40
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GC10 - 023C
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376.5
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385.5
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9.0
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1.03
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GC10 - 024
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254.0
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255.5
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1.5
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6.01
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GC10 - 024
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355.0
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355.6
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0.6
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26.20
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GC10 - 025
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132.0
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156.0
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24.0
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0.68
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GC10 - 025
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273.0
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274.5
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1.5
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3.98
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GC11 - 001
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150.0
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177.7
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27.7
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0.68
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Note: All lengths are reported as core length as true width is not
available at this time
"We are pleased with the progress of the ongoing exploration
program at the Garrison Creek Project, our most grass roots exploration
target being worked thus far", said Jacques Perron,
President & CEO of SAS. "We will continue to test this area in 2011
with a planned drilling program consisting of 9,500 metres
of drilling in order to identify areas of elevated gold grades over
significant widths."
Drilling, Assaying and QA/QC
Surface drilling at the Garrison Creek Project was completed by Orbit Garant Drilling Inc. Analytical work was performed by SGS
Laboratories in Sudbury, an accredited lab. SAS utilized a quality
control/quality assurance program consisting of a number of sample standards
and blanks that were inserted into the sample string, which represented
approximately 5% of the total sample population.
Qualified Person
The exploration program on the Company's various mineral properties are under the supervision of Michael Michaud, P.Geo, the Company's Vice President of Exploration. Mr.
Michaud is SAS' 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 is focussed on developing its assets in the
Timmins Camp, with current and near-term production and exploration
activities across its 120km land package straddling the Porcupine-Destor Fault Zone.
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