Highlights from the drill programs include 5.81grams of gold (cut) per tonne over 14.8 metres true width (hole Joy-10-512); 5.52 grams of gold (cut) per tonne over 15.9 metres true width (hole Joy-10-515); 9.56 grams of gold (cut) per tonne over 5.2 metres true width (hole Joy-10-532); and 17.33 grams of gold (uncut) per tonne over four metres width (Joy-10-499).
Pre-production development progressed better than expected at Santoy 8 during the fourth quarter with sill development on the 3rd, 5th, 7th, 8th and 10th levels and the completion of the first ventilation raise to surface.
Over the life of mine plan for the Seabee Operation, the company anticipates the Santoy 8 project to provide up to 50% of the overall feedstock to the Seabee Operation’s central milling facility.
The company also anticipates this contribution to be a positive catalyst in improving production and lowering unit operating costs at the Seabee Operation.
Santoy 8 is expected to attain commercial production status during the first half of 2011.
