SAS provides an update from its exploration programs at the Hislop Mine

Hislop Pit Complex drilling returns 6.34 g/t Au over 11.0m (8.62 g/t Au uncut), including 16.55 g/t Au over 3.2m (24.38 g/t Au uncut); and 3.40 g/t Au over 28.2m
Hislop North drilling returns 8.08 g/t Au over 5.4m including 17.80 g/t Au over 1.0m 

TORONTO, Oct. 31, 2013 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to announce recent drill results from the Hislop North Project ("Hislop North"), northwest of the Hislop Mine, and the Hislop Pit depth extension drilling ("Hislop Pit Complex").

HIGHLIGHTS OF DRILLING RESULTS

Hislop Pit Complex

  • HP13-014:
      3.40 g/t Au over 28.2 metres including 12.27 g/t Au over 2.5 metres 
  • HP13-045:
      6.34 g/t Au over 11.0 metres ( 8.62 g/t Au uncut),
including 16.55 g/t Au over 3.2 metres (24.38 g/t Au uncut)
  • HP13-050:
      5.07 g/t Au over 14.8 metres including 7.50 g/t Au over 7.0 metres
Hislop North        
  • H13-014:      
      8.08 g/t Au over 5.4 metres, including 17.80 g/t Au  over 1 metre
  • H13-016 :
      5.50 g/t Au over 2.7 metres and 8.43 g/t Au over 1.2 metres

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

"We are pleased with the results received to date on the Hislop Pit Complex, as drilling has confirmed the continuation of gold mineralization at depth below the two pits", said Duncan Middlemiss, President & CEO of SAS. "Additionally, drilling at Hislop North continues to demonstrate the southern strike extension of mineralization onto the SAS property. Drilling is expected to resume in early 2014. Drilling information for these targets is now being incorporated into the geological block model, which is the next step for possible inclusion in the 2013 year end Mineral Resources update."

Hislop Pit Complex (Refer to Figure 1 and 2 for a plan view and longitudinal section showing the Hislop Pit Complex drilling results)
In late 2012, SAS initiated a drilling program to test for possible mineralized extensions situated below the current East and West pits at the Hislop Mine. The program consisted of 52 drill holes and approximately 19,500 metres using 2 drills. Drilling intersected a strongly silicified, sulphidized and mineralized syenite. A widely spaced 50 metre by 50 metre drill program designed to test for the presence of mineralized extensions down to a depth of 350 metres below the pit bottoms encountered well mineralized intercepts.

Hole HP13-014, which is situated approximately 350 metres below the bottom of the West Pit, returned 3.40 g/t Au over 28.2 metres including 12.27 g/t Au over 2.5 metres. Drilling below the East Pit returned strong mineralization in Hole HP13-045, which assayed 6.34 g/t Au over 11.0 metres (8.62 g/t Au uncut), including a higher grade intercept of 16.55 g/t Au over 3.2 metres (24.38 g/t Au uncut), situated approximately 100 metres below the bottom of the East Pit. The mineralized zones in both pits remain open at depth.

The Company has now completed the Phase II infill drilling, which may provide additional data to support inclusion in the 2013 annual Mineral Resources statement at year end.

Significant assay intercepts from the recent drilling on the Hislop Pit Complex are summarized in the table below:

Hislop Pit Complex 2013 Phase II Surface Drilling Program
Hole
Number
UTM (NAD27) Degrees Intersection (Metres) Core Length Gold Grade

(g/t)
Easting Northing Elevation Azimuth Dip From To (Metres)
HP13-014 552400.4 5371575.9 302.0 212 -75 389.4 417.6 28.2 3.40
Including           399.8 402.3 2.5 12.27
HP13-018 552460.8 5371484.7 302.0 212 -70 51.8 70.6 18.8 2.14
Including           56.4 57.8 1.4 14.19
AND           256.7 267.2 10.5 2.43
Including           258.0 262.7 4.7 3.57
AND           290.9 300.0 9.1 2.06
HP13-019 552460.9 5371485.0 302.0 212 -50 12.0 15.3 3.3 2.51
HP13-020 553088.4 5371193.6 297.9 212 -65 183.8 189.0 5.2 1.87
HP13-021 552659.1 5371126.5 301.7 32 -55 336.0 338.0 2.0 7.04
HP13-022 553088.7 5371193.8 298.1 212 -55 26.8 27.8 1.0 11.00
AND           253.0 255.1 2.1 3.29
HP13-027 553164.4 5371137.7 297.8 212 -60 102.8 107.0 4.2 6.48
AND           265.7 268.5 2.8 3.21
HP13-029 553164.6 5371138.1 297.9 212 -50 227.4 235.5 8.1 3.35
Including           232.5 235.5 3.0 5.40
HP13-030 553192.3 5371109.4 297.9 212 -60 97.5 103.5 6.0 1.47
HP13-038 552340.3 5371652.9 301.1 212 -60 295.5 297.0 1.5 5.61
HP13-039 552340.1 5371653.0 301.1 212 -60 313.7 318.0 4.3 1.67
HP13-040 552269.3 5371649.3 302.1 212 -55 130.1 134.6 4.5 1.26
AND           169.3 173.6 4.3 1.73
HP13-041 552222.3 5371693.1 302.5 212 -45 97.7 100.0 2.3 2.01
HP13-042 552222.5 5371693.6 302.6 212 -55 161.5 165.0 3.5 1.91
HP13-043 552714.3 5371099.0 300.3 32 -70 300.8 311.0 10.2 1.12
HP13-045 552612.4 5371180.5 300.1 32 -65 252.0 263.0 11.0 6.34
Including           254.3 257.5 3.2 16.55
HP13-046 552658.8 5371126.8 301.6 32 -70 293.3 298.3 5.0 1.39
HP13-047 552612.3 5371180.4 300.0 32 -70 296.3 310.0 13.7 2.85
Including           309.0 310.0 1.0 17.70
HP13-048 552376.0 5371639.3 301.7 212 -65 311.8 318.0 6.2 2.97
Including           312.8 315.0 2.2 5.68
HP13-049 552338.5 5371619.9 300.9 212 -55 196.5 206.5 10.0 3.24
Including           196.5 202.5 6.0 4.58
HP13-050 552381.8 5371600.7 301.8 212 -50 26.0 30.6 4.6 2.87
AND           40.6 45.0 4.4 1.53
AND           187.0 201.8 14.8 5.07
Including           192.0 199.0 7.0 7.50

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.

Hislop North Project (Refer to Figure 3 for a Plan View of Hislop North drilling results)
Phase I drilling along the Northern Hislop property boundary (aimed at following-up on the southerly strike extensions of both the 147 and Grey Fox zones), is now complete. In 2013, a total of 18 holes totaling approximately 8,700 metres were drilled using one rig. Near surface intersections over significant widths were intercepted in hole H13-014, which returned 8.08 g/t Au over 5.4 metres and hole H13-016, which returned 5.50 g/t Au over 2.7 metres and 8.43 g/t Au over 1.2 metres.

These intercepts are hosted within a brecciated albitic mafic volcanic with significant quartz veining and disseminated pyrite. The mineralized intercepts are situated directly along strike from the 147, Grey Fox South and Hislop North mineralized trends. The mineralization remains open to depth and the Company expects to commence a second phase of drilling on both target areas in early 2014.

Significant assay intercepts from the recent Hislop North drill program are summarized in the table below:

Hislop North 2013 Phase I Surface Drilling Program
Hole
Number
UTM (NAD27) Degrees Intersection
(Metres)
Core Length Gold Grade

(g/t)
Easting Northing Elevation Azimuth Dip From To (Metres)
H13-014 551820 5371750 300 265 -50 78.6 84.0 5.4 8.08
Including           80.0 81.0 1.0 17.80
H13-016 551830 5371785 300 265 -50 48.8 51.5 2.7 5.50
AND           499.8 501.0 1.2 8.43
H13-018 551685 5371985 300 265 -50 349.8 351.7 1.9 5.32

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.

Drilling, Assaying and QA/QC
Surface drilling was conducted by Forage Orbit Garant Drilling Services Inc. Analytical work for the Hislop North and Hislop Pit Complex was performed by AGAT Laboratories Limited situated in Mississauga, ON, an accredited lab. Diamond drill samples sent for analysis consisted of saw cut NQ-size core samples. SAS employs an industry standard 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. Gold analysis is performed using a 30 gram fire assay with an ICP-OES (inductively coupled plasma optical emission spectrometry) finish.

Qualified Person
The exploration programs on the Company's various mineral properties are under the supervision of Doug Cater, P. Geo., the Company's Vice-President, Exploration.  Mr. Cater 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, 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, Holloway and Hislop mines which contribute approximately 100,000 ounces of annual gold production. 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.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information") under applicable securities laws, concerning the Company's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward-looking information is frequently identified by such words as "may", "will", "plan", "expect", "estimate", "anticipate", "believe", "intend" and similar words referring to future events and results, including in respect of an update of mineral resources at year end, and the resumption of drilling at the Hislop North Target in 2014.

This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, unanticipated operational or technical difficulties which could increase the time necessary to complete the exploration and development initiatives, escalate operating and/or capital costs and reduce anticipated production levels; uncertainties relating to the interpretation of the geology, continuity, grade and size estimates of the mineral reserves and resources; the Company's dependence on key employees and changes in the availability of qualified personnel; fluctuations in gold prices and exchange rates; operational hazards and risks, including the inability to insure against all risks; changes in laws and regulations; and changes in general economic conditions. Such forward looking information is based on a number of assumptions, including in respect of the ability to achieve operating cost estimates, the volatility and level of the price of gold including that the gold price will generally remain within a reasonable range of current levels, the accuracy of reserve and resource estimates and the assumptions on which such estimates are based, the sufficiency of the Company's cash flow and financial reserves to carry out its planned programs, the ability to attract and retain qualified personnel to conduct its exploration programs and operate its mines, and general business and economic conditions. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, readers are cautioned not to place undue reliance on this forward-looking information. SAS does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. A further description of the risks and uncertainties facing the Company may also be found in the Company's Annual Information Form available on SEDAR at www.sedar.com.

 

SOURCE St Andrew Goldfields Ltd.

Image with caption: "FIG 1 - Plan View - Hislop Pit Complex (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131031_C8638_PHOTO_EN_32756.jpg

Image with caption: "FIG 2 - Longsection - Hislop Pit Complex (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131031_C8638_PHOTO_EN_32755.jpg

Image with caption: "FIG 3 - Plan View - Hislop North Project (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20131031_C8638_PHOTO_EN_32757.jpg



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