St Andrew boosts reserve at Taylor

Based on new results from the Taylor Twp. gold property in northeastern Ontario, St Andrew Goldfields (SAS-T) hopes to double possible reserves in one zone.

One of the holes drilled in the West Porphyry zone yielded 0.38 oz. gold per ton over 5 ft., 0.29 oz. over 24.6 ft., 0.19 oz. over 2.3 ft. and 0.23 oz. over 2 ft. In addition, recent assaying of core from a hole drilled in 1987 yielded 46 ft. grading 0.36 oz. gold.

St Andrew President Charles Gryba says these results prove that the stockwork mineralization in the zone does not dip at 45 (as previously thought) but is essentially flat. As a result, the area south and southeast of the above holes, where little gold had been found in the past, is now thought to have considerable potential — only at a different depth than the intervals that had been assayed from holes in those areas.

“Instead of the area being cut off at the south and southeast, we’ve totally opened it up,” Gryba says.

Diamond drilling is ongoing at the West Porphyry zone. In 1995, possible reserves were calculated at 274,000 tons grading 0.21 oz. gold per ton, but Gryba expects that figure to be doubled shortly as a result of recent work.

Gold was first found in Taylor Twp. by what was then Hollinger Consolidated Gold Mines (owner of the past-producing Hollinger mine, near Timmins, Ont.).

St Andrew later acquired Hollinger’s properties and, in 1986, sank a shaft into the Taylor property’s Porphyry zone, cutting level stations at 215, 340 and 465 ft. (the first, second and third levels, respectively). In the following year, surface diamond drilling resulted in discovery of the West Porphyry zone 200 ft. to the west; it has since been made accessible from underground workings.