SAS provides update on the Taylor definition drill program

Hole T220-020 returns 14.12 g/t Au over 18.6 metres, including 26.92 g/t Au over 4.6 metres

TORONTO, Aug. 27, 2013 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to provide an update on the recent underground definition drilling program at its Taylor Project ("Taylor") located on the western portion of the Company's land package in the Timmins mining district, north-eastern Ontario, Canada. The drill program focussed on the eastern portion of the 1004 lens of the West Porphyry Zone ("WPZ").

HIGHLIGHTS OF TAYLOR DRILLING RESULTS

  • T220-003:
11.56 g/t Au over 16.2 metres (13.14 g/t Au uncut), including 12.48 g/t Au over 14. 7 metres (14.22 g/t Au uncut)  
   
  • T220-004B:
5.49 g/t Au over 27.7 metres (8.25 g/t Au uncut), including 18.33 g/t Au over 5.1 metres (27.94 g/t Au uncut)
   
  • T220-005:
6.62 g/t Au over 18.3 metres (9.79 g/t Au uncut), including 9.77 g/t Au over 5.7 metres (17.65 g/t Au uncut)
   
  • T220-019A:
5.92 g/t Au over 28.2 metres, including 16.97 g/t Au over 2.6 metres, and including 8.90 g/t Au over 9.7 metres
   
  • T220-020:
14.12 g/t Au over 18.6 metres (21.67 g/t Au uncut), including 26.92 g/t Au over 4.6 metres (47.66 g/t Au uncut)
   
  • T220-021A:
8.64 g/t Au over 10.7 metres (8.79 g/t Au uncut), including 11.46 g/t Au over 6.7 metres (11.67 g/t Au uncut)
   

Notes: All lengths are reported as core lengths. True widths are expected to range from 85-95% of the core length; all assays cut to 30.00 g/t Au. Of the total sample population, 1.44% of assay results exceeded 30 g/t Au and were subject to be cut.

"This most recent phase of drilling at Taylor has returned impressive results, which further encourages us to continue our work at Taylor." said Jacques Perron, President and CEO of SAS. "The recent drill results on the 1004 lens of the WPZ, which is the largest and most important area, demonstrates the potential for wide and high grade gold mineralization. Over the next few months, the focus of our team will be to carefully analyze this information to better understand the geologically and structurally complex deposit. We continue to believe that Taylor has potential to become an important contributor to the future of SAS."

The Company recently completed 22 drill holes collared from the ramp development on the 220m elevation (surface elevation is set at 270m), totaling 4,032 metres to test the easterly strike extension of the 1004 lens, situated within the WPZ, in the vicinity of the second proposed bulk sample. The results from this drill program provided additional information, which will increase the Company's understanding of both the geological and structural settings in the east end of the 1004 lens and confirmed the tenor and orientation of the gold mineralization.

This phase of drilling confirmed that: (i) wider, more continuous and higher grade mineralized zones are present along the eastern edge of the 1004 lens than were previously defined; (ii) potential exists to expand mineralization on the 1004 lens both to the east and to depth; and (iii) supports advancing the underground exploration program.

All recent assay results are shown on plan view (see "Figure 1"). A geological cross-section through the 1004 lens shows recent holes and accompanying results (see "Figure 2").

Assay results from the drill program are summarized in the table below.

Taylor Project - Definition Drill Program on the 1004 lens of the WPZ
Hole
Number
UTM (NAD 27) Degrees Intersection (Metres) Core Length Gold Grade
(uncut)
g/t
Gold Grade
(cut)
g/t
Easting Northing Elevation Azimuth Dip From To (Metres)
T220-001 528060 5379103 78 315 -70 136.0 159.0 23.0 5.04 4.43
Including           136.0 146.3 10.3 6.46 5.39
            153.0 159.0 6.0 7.54 7.04
            154.8 158.3 3.5 10.35 9.61
T220-002 528060 5379103 78 315 -77 151.5 166.5 15.0 8.11 7.15
Including           151.5 157.5 6.0 6.87 -
            161.3 166.5 5.2 15.18 12.41
T220-003 528060 5379103 78 315 -83 156.8 173.0 16.2 13.14 11.56
Including           158.3 173.0 14.7 14.22 12.48
            163.5 167.8 4.3 31.20 25.20
T220-004B 528044 5379102 76 315 -77 136.7 164.4 27.7 8.25 5.49
Including           136.7 141.8 5.1 27.94 18.33
            160.8 164.4 3.6 18.26 10.53
T220-005 528044 5379102 76 315 -82 156.3 174.6 18.3 9.79 6.62
Including           156.3 162.0 5.7 17.65 9.77
            170.3 174.6 4.3 15.76 12.74
T220-006 528044 5379102 76 315 -89 163.6 165.0 1.4 10.72 -
And           170.3 180.2 9.9 19.27 14.07
T220-007 528037 5379112 76 315 -70 130.8 141.0 10.2 5.82 5.38
Including           130.8 132.5 1.7 21.47 18.82
T220-008 528035 5379094 74 315 -68 144.2 149.1 4.9 4.90 -
T220-009 528017 5379092 72 315 -65 93.0 100.0 7.0 10.25 9.51
Including           95.0 100.0 5.0 13.56 12.52
And           155.2 161.2 6.0 7.14 -
T220-010 528017 5379092 72 315 -70 83.4 86.2 2.8 14.15 11.55
Including           83.4 85.4 2.0 18.85 15.21
T220-011 528018 5379091 72 315 -81 98.6 99.5 0.9 25.40 -
And           161.8 166.6 4.8 13.02 11.74
Including           163.3 166.6 3.3 18.11 16.25
T220-012 528006 5379083 69 315 -59 159.9 163.7 3.8 4.10 -
T220-013 528006 5379082 69 315 -70 99.4 102.9 3.5 10.33 -
And           168.5 170.2 1.7 3.80 -
T220-014 527995 5379078 69 315 -67 171.8 178.4 6.6 22.17 9.19
Including           175.2 178.4 3.2 42.76 16.00
T220-015A 529985 5379076 67 300 -68 150.5 153.2 2.7 18.73 8.57
And           174.8 184.6 9.8 11.89 9.66
Including           181.4 184.6 3.2 23.49 16.67
T220-016 527985 5379077 67 315 -61 156.6 166.5 9.9 7.35 6.85
Including           163.8 166.5 2.7 17.65 15.80
T220-017 527985 5379076 67 315 -72 171.4 179.6 8.2 4.71 -
Including           171.4 178.8 7.4 5.04 -
T220-018 528006 5379082 69 315 -76 171.7 177.5 5.8 4.22 -
Including           171.7 175.9 4.2 5.49 -
T220-019A 528037 5379112 76 315 -79 99.5 101.0 1.5 16.64 -
And           129.2 157.4 28.2 5.92 -
Including           129.2 131.8 2.6 16.97 -
            136.0 138.6 2.6 12.69 -
            147.7 157.4 9.7 8.90 -
T220-020 528068 5379114 81 315 -81 142.1 145.7 3.6 21.02 -
And           154.2 172.8 18.6 21.67 14.12
Including           154.2 157.6 3.4 25.82 20.08
            163.2 167.8 4.6 47.66 26.92
            162.3 172.8 10.5 29.50 17.98
T220-021A 528060 5379103 78 315 -88 157.0 161.7 4.7 8.40 5.90
And           171.4 182.1 10.7 8.79 8.64
Including           173.8 180.5 6.7 11.67 11.46
T100-030 528043 5379107 76 292 -78 143.7 159.2 15.5 1.70 -

Notes: All lengths are reported as core lengths. True widths are expected to range from 85-95% of the core length; all assays cut to 30.00 g/t Au. Of the total sample population, 1.44% of assay results exceeded 30 g/t Au and were subject to be cut.

Taylor Location and Geology
Taylor is situated 50km east of Timmins, ON and lies along the Porcupine Destor Fault Zone ("PDFZ") in the eastern portion of the Porcupine Mining Camp between the Stock and Black Fox gold mines. As with other gold deposits to the east and west (such as Black Fox, Stock, Aquarius and Nighthawk), the deposits at Taylor represent examples of ultramafic-hosted gold mineralization that occur in areas of carbonate alteration along and adjacent to strongly foliated high strain zones associated with the PDFZ and its numerous splays.

Drilling, Assaying and QA/QC
Underground drilling was conducted by Azimut Boreal Drilling Services Inc. Analytical work for the Taylor Project was performed by AGAT Laboratories, an accredited lab located in Mississauga, ON. Gold analysis was conducted using an industry standard Pulp metallic assay technique. 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 definition drilling program at the Taylor Project is under the supervision of Mr. Doug Cater P. Geo, the Company's Vice President Exploration who 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 a number of exploration programs 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 the definition drill information completed at Taylor, and the potential for finding new deposits at Taylor.

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 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: "Figure 1 - Taylor - Plan View (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20130827_C8040_PHOTO_EN_30140.jpg

Image with caption: "Figure 2 - Taylor - Geological Cross-Section (CNW Group/St Andrew Goldfields Ltd.)". Image available at: http://photos.newswire.ca/images/download/20130827_C8040_PHOTO_EN_30141.jpg




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