San Gold Corp
SymbolSGR
Shares Issued266,485,892
Close 2009-11-20C$ 3.53
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San Gold drills 2.1 m of 1,787 g/t Au at 007 zone

2009-11-23 09:33 ET - News Release

Mr. Dale Ginn reports

SAN GOLD DRILLS 1787 G/TONNE GOLD OVER 2.1 METERS AT NEW "007" DISCOVERY

San Gold Corp. has discovered a new high-grade gold occurrence by surface diamond drilling, christened the 007 zone, which is located approximately 600 metres to the southeast of the Hinge mine. Drill hole CD-09-007 encountered 1,787.7 grams per tonne gold (52.2 ounces per ton) over 2.1 metres (6.9 feet) at 200 metres (660 feet) below surface in a continuous quartz-carbonate vein containing abundant visible gold throughout. Results from this hole are summarized below, but due to the extremely high-grade nature of this intersection an accompanying table is also provided in order to present each individual assay interval within the geologically defined mineralized boundaries. The first hole drilled in this area, CD-09-001, is also provided below and is located above and to the east of hole CD-09-007.

Hole No.      From      To     Length          Gold    (ounces     Zone
                              (metres) (feet)  (g/t)  per tonne)

CD-09-007   290.3 m   292.4 m  2.1 m (6.9 ft)  1787.7  (52.20)      007
CD-09-001   294.0 m   295.6 m  1.6 m (5.3 ft)     2.4   (0.07)      007

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