St. Andrew Goldfields (TSE:SAS) announced Monday it has expanded gold mineralization eastward at its Taylor project near Timmins, Ontario, following a batch of new drill results.
The Taylor project consists of 28 patented claims covering 1,542 hectares, and is located 53 kilometres east of the city of Timmins in southern Ontario. The property has indicated resources of over 1.4 million tonnes, grading 7.6 grams per tonne (g/t) gold, for 343,000 contained ounces of the yellow metal.
The ongoing drill program, which found visible gold in all holes, returned up to 58.2 g/t gold as it continues to define the property, focused on further delineation of the West Porphyry zone.
Highlights from the drill campaign include 9.88 g/t gold over 9.0 metres, including 58.2 g/t gold in 0.5 metres, in hole TA11-020. Hole TA11-017 also found 7.24 g/t gold over 7.5 metres, including 33.9 g/t gold over 1.5 metres.
These results have extended the known mineralization between 30 and 40 metres eastward, the company said, with the deposit remaining open up-plunge and to the east.
"The drilling at Taylor continues to be successful," said president and CEO, Jacques Perron.
"We have five surface rigs at Taylor and drilling will continue at the current rate until the end of August. Additional results will be released as they become available and we are still on schedule to complete our prefeasibility by the end of the year."
Other notable results include 4.95 g/t gold over 12.0 metres, including 2.3 metres grading 20.67 g/t gold in hole TA11-019; and 7.05 g/t gold over 5.5 metres, including 0.5 metres grading 26.8 g/t gold, in hole TA11-023.
The remaining results from the drill program will be compiled into an updated mineral resource estimate, which will be used to complete a prefeasibility study targeted for year-end.