SAS provides update on Taylor and Hislop drill programs

Drilling at Taylor returns: 12.98 g/t Au over 15.3 metres (9.79 g/t Au cut)
Drilling at Hislop returns: 10.38 g/t Au over 25.0 metres (5.58 g/t Au cut)

TORONTO, Sept. 11, 2014 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to provide an update on the recent diamond drilling programs on the 1004 lens of the West Porphyry Zone ("WPZ") at its Taylor Project ("Taylor"), located on the western portion of the Company's land package, and the Hislop North Project ("Hislop North") drill program located 15 km east of Matheson, Ontario.

HIGHLIGHTS OF TAYLOR DRILLING RESULTS

Notes: All lengths are reported as core lengths. True widths for the underground drilling are expected to range from 85-95% of the core length. All assays cut to 30.00 g/t Au. 

HIGHLIGHTS OF HISLOP NORTH DRILLING RESULTS

Notes: All lengths are reported as core lengths. All assays cut to 32.00 g/t Au. 

"We are very pleased to see further consistent results with significant grade and width from the underground drilling program at Taylor," said Duncan Middlemiss, President and CEO of SAS. "The underground drilling has given us increased confidence in the continuity of the mineralization within the WPZ. Additionally, the surface step out hole is an exciting first step that demonstrates the ability to potentially expand the known zone of mineralization further to the west and warrants further testing. We are also very happy with the results received to date on the Hislop North Project where we continue to trace the extensions of Primero's 147 Zone onto SAS property. Recent drilling illustrates significant widths and has traced mineralization at depth (approximately 500 metres below surface). We look forward to providing an update on both drilling programs as more information becomes available."

Taylor
At Taylor, the Company recently completed fifty-three (53) drill holes collared from drill bays in the ramp development on the 220m, 250m and 305m Level elevations, totaling 8,400 metres. Drilling targeted the easterly strike extension of the 1004 and 1006 lens resource blocks, situated within the WPZ, in the vicinity of the second proposed bulk sample. The results continue to provide additional information which will be used to increase the Company's understanding of both the geological and structural setting in the east end of the 1004 lens and to confirm the tenor and orientation of the mineralization. These recent results demonstrate the potential to expand mineralization on the 1004 resource block at depth and provides SAS with additional validation for advancing the underground exploration program at Taylor.

In addition, the Company recently completed a surface drill program at Taylor, consisting of four drill holes totaling 3,100 metres, which targeted the westerly strike and depth extensions of both the WPZ and Shoot zones. Surface hole TA14-002 was collared to test for mineralization approximately 150 metres west of the current WPZ resource outline and intercepted typical Taylor style quartz – quartz carbonate veining and brecciation hosted within the ultramafic volcanics and included visible gold. This intercept occurs at a depth of 300 metres and returned assay results of 4.99 g/t Au over 1.0 metre. The mineralization remains open to the west and at depth. These are the first assay results returned from the surface drill program, with additional sample results pending analysis at the lab.    

All recent assay results for the underground 1004 lens drill program are shown on plan view (see "Figure 1"). Surface drill results for drill hole TA14-002 are shown on the site plan (see "Figure 2").

Assay results from a total of forty-one (41) holes have been returned from the program to date with recent results summarized in the table below.

Taylor Project – Underground Drill Program on the 1004 lens east, WPZ

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.

Taylor Project – Surface Drill Program on the 1004 lens, WPZ

Notes: All lengths are reported as core lengths, as true widths are not available at this time. All assays cut to 30.00 g/t Au.

Taylor Location and Geology
The Taylor project is situated 50 km east of Timmins, Ontario and lies along the Porcupine Destor Fault Zone ("PDFZ") in eastern portions of the Porcupine Mining Camp between the Stock and Black Fox gold deposits. As with other gold deposits to the east and west, such as Black Fox, Stock, Aquarius and Nighthawk, the deposits on 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 splays.

Hislop North (147 Zone)
The Hislop North Project is situated on the south side of the Grey Fox property owned by Primero Mining Corp.'s ("Primero"), which hosts the Grey Fox, 147 and Contact zones; which Primero has reported an Indicated Resource of 4.3 million tonnes at a grade of 3.7 g/t Au, containing approximately 507,000 ounces of gold; and an Inferred Resource of 1.5 million tonnes at a grade of 4.70 g/t Au containing 229,000 ounces of gold. See technical report as filed on SEDAR by Brigus Gold, "NI-43-101 Technical Report and Mineral Resources Estimate for the Grey Fox Project", dated July 30, 2013.

Surface drilling continued along the northern Hislop property boundary, aimed at following-up on the southerly strike extension of the 147 Zone. To date, in 2014, a total of 20 surface holes totaling approximately 4,900 metres have been drilled using one rig. Near surface intersections over significant widths were intercepted in drill hole H14-019 which returned 10.38 g/t Au over 25.0 metres (5.58 g/t Au cut) including 12.01 g/t Au over 4.0 metres. This hole continues to demonstrate the continuity of the 147 mineralization onto SAS property. A deep vertical hole was recently completed to test for the extension of the 147 mineralization at depth. Drill hole HD14-001 returned 3.24 g/t Au over 39.9 metres (which commenced at a downhole depth of 498.8 metres). In conjunction with the 2012 drilling campaign (see press releases dated May 7, July 31, and Dec 10, 2012), this recent drill intercept confirms that the 147 Zone mineralization displays continuity from surface, to a depth of 500 metres and remains open to depth. With the current drill coverage, this body resembles a "pipe-shaped" body with future drilling planned to test the potential strike length of this zone.    

Geologically, these intercepts are hosted within a brecciated albitic mafic volcanic with significant quartz veining, carbonate stringers and disseminated pyrite. Additional follow-up drilling is planned to continue to trace the 147 and Grey Fox mineralized extensions onto SAS property and follow-up on numerous other drill targets situated on the Hislop property. 

All recent assay results for the Hislop North 147 Zone drill program are shown on plan view (see "Figure 3"). The drill hole, HD14-001, is shown on cross section (see "Figure 4")

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

Hislop North Project (147 Zone) – 2014 Surface Drill Program

Notes: All lengths are reported as core length, as true widths are not available at this time. Assays are cut to 32.00 g/t Au.

Drilling, Assaying and QA/QC
Underground drilling was conducted by Azimut Boreal Drilling Services Inc. Surface drilling was conducted by Orbit Garant Drilling Services. Analytical work for both Taylor and Hislop North projects was performed by AGAT Laboratories, an accredited lab located in Mississauga, Ontario.  Samples sent to the lab consist of NQ caliber saw cut core. For Taylor samples gold analysis was conducted using an industry standard Pulp metallic assay technique. At Hislop North, gold analysis was conducted using a fire assay preparation with an ICP-OES finish. SAS employs an industry accepted QC/QA 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 Taylor and Hislop property drilling programs are conducted 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 exploration at Taylor; and is conducting an aggressive exploration program across 120km of land straddling the PDFZ.

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 expansion of mineralized zones and the completion of additional drilling at the Taylor and Hislop North.

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; 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.