St Andrew Goldfields Ltd. ("SAS" or the "Company") is a Canadian based gold mining and exploration Company with an extensive land package in the Timmins mining district, northeastern Ontario, Canada, which lies within the world famous Abitibi greenstone belt.
SAS commenced production at its Holloway Mine in October 2009, while the Hislop Mine entered production at the beginning of the third quarter of 2010. Pre-production work commenced on the third property, the Holt Mine in the second half of 2010 and entered commercial production in April 2011.
With a steady cash flow and a strong balance sheet, SAS can advance its exploration activities on this exciting 120 km long package which straddles the Porcupine-Destor Fault Zone ("PDFZ"), host to numerous gold deposits and mines in the region. The Company, using its extensive geological database, targeted exploration at numerous sites and has focussed the 2011-2012 exploration program on areas that lie in close proximity to the existing mines and infrastructure, and to follow up on advanced exploration projects to add to the resource and reserve levels; for example, carrying out a strategic exploration plan with the objective of adding mineral reserves at Taylor, and mineral resources at Deep Thunder and Stroud.
SAS has proven it can survive the turbulence of bad markets and negative impacts. With a NEW image, NEW management team and NEW focus, our shareholders will be rewarded by our efforts to improve the quality of the Company through production and future growth with continued exploration and development.
The Company believes it can deliver on its promises to shareholders by committing to these basic goals in order to:
"Simply Achieve Success!"
SAS commenced production at its Holloway Mine in October 2009, while the Hislop Mine entered production at the beginning of the third quarter of 2010. Pre-production work commenced on the third property, the Holt Mine in the second half of 2010 and entered commercial production in April 2011.
With a steady cash flow and a strong balance sheet, SAS can advance its exploration activities on this exciting 120 km long package which straddles the Porcupine-Destor Fault Zone ("PDFZ"), host to numerous gold deposits and mines in the region. The Company, using its extensive geological database, targeted exploration at numerous sites and has focussed the 2011-2012 exploration program on areas that lie in close proximity to the existing mines and infrastructure, and to follow up on advanced exploration projects to add to the resource and reserve levels; for example, carrying out a strategic exploration plan with the objective of adding mineral reserves at Taylor, and mineral resources at Deep Thunder and Stroud.
SAS has proven it can survive the turbulence of bad markets and negative impacts. With a NEW image, NEW management team and NEW focus, our shareholders will be rewarded by our efforts to improve the quality of the Company through production and future growth with continued exploration and development.
The Company believes it can deliver on its promises to shareholders by committing to these basic goals in order to:
"Simply Achieve Success!"
For more information please contact:
St Andrew Goldfields Ltd.
20 Adelaide Street East, Suite 801
Toronto, ON M5C 2T6
Canada
Tel: 416-815-9855
Toll Free: 1-800-463-5139
Fax: 416-815-9437
St Andrew Goldfields Ltd.
20 Adelaide Street East, Suite 801
Toronto, ON M5C 2T6
Canada
Tel: 416-815-9855
Toll Free: 1-800-463-5139
Fax: 416-815-9437