Mar 01, 2010 07:25 ET
San Gold Presents Initial Mineral Resource Estimates for Hinge and 007 Zones
BISSETT, MB--(Marketwire - March 1, 2010) - Dale Ginn, CEO of San Gold Resources Corporation (TSX-V: SGR) is pleased to report that an initial comprehensive, NI 43-101 compliant report has been completed for the Hinge and 007 zones. Peter George, P.Geo., of Geoex Limited was retained by San Gold Corporation in order to prepare a technical report which is an initial third-party estimate of mineral resources of the Hinge and the 007 Zones. The Report was prepared in accordance with the Guidelines set out in National Instrument 43-101 and NI Form 43-101F1. The Resource tables are summarized below:
Summary of Resources
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Grade Contained
Tons oz./ton (g/tonne) Ounces
-------- ------------------ ---------
Hinge Mine
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Measured Mineral Resources 116,300 0.53 (18.3) 61,980
Indicated Mineral Resources 496,300 0.36 (12.3) 177,200
-------- ------------------ ---------
Total Measured and
Indicated Resources 612,600 0.39 (13.4) 239,180
Total Inferred Resources 1,375,200 0.39 (13.4) 538,700
007 Zone
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Indicated Mineral Resources 74,960 2.58 (88.4) 193,695
Inferred Mineral Resources 293,740 1.78 (61.0) 522,857
Total Measured plus Indicated 687,560 0.63 (21.6) 432,875
Total Inferred Resources 1,668,940 0.64 (21.9) 1,061,557