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San Gold Corporation (TSX:SGR,OTCQX:SGRCF) announced updated gold reserve and resource estimates from its Manitoba-based Rice Lake project.
San Gold Corporation (TSX:SGR,OTCQX:SGRCF) announced updated gold reserve and resource estimates from its Manitoba-based Rice Lake project.
As quoted in the press release:
Highlights
- 93% increase in inferred mineral resources to 3.5 million ounces of gold.
- Drilled approximately 350,000 metres in 925 holes in 2011.
San Gold’s President and CEO, George Pirie said:
In addition to greatly improving the understanding of the region’s geologic structure, this drilling continues to prove invaluable for developing and refining our current mine plans.
Click here for the San Gold Corporation (TSX:SGR) press release.
