(Graphic: Business Wire)
Standard & Poor’s announced today that it has updated its Factual Stock Report coverage on San Gold Corporation.
San Gold Corporation (TXV: SGR; OTCQX: SGRCF) is a Canadian mining company focused on exploring for and producing gold primarily in the Bissett area of Manitoba.
The company's operations, including the Rice Lake Mine, the Hinge Mine, the 007 Mine and the surrounding property and mineral claims of the company are referred to as the Rice Lake Project.
San Gold Corporation amalgamated with its wholly owned subsidiary, Rice Lake Gold Corporation, immediately subsequent to the most recently completed financial year. The company produces gold from underground ore reserves at the Rice Lake Project.During the 2009 year, the company continued to direct exploration activities toward defining and exploring the gold deposit at the Hinge Mine and the 007 Mine, which are showing considerable promise toward being additional sources of ore within close proximity of the Rice Lake mill. Additionally, the Company achieved success in the discovery of nearby zones of mineralization at what is referred to the Cohiba zone and the L-13 zone. On January 22nd, 2010, the company completed its agreement with Laurion Mineral Exploration Inc. to purchase, for C$1,000,000 cash and 1,000,000 common shares of San Gold, Laurion's property interests in the Tisdale Township, which consists of Laurion's 31.5% interest in the Davidson-Tisdale property and Laurion's 100% interest in the North Tisdale property. The purchase of the Davidson Tisdale property is outright and free of any royalty while Laurion will retain a 2% net smelter royalty on the North Tisdale property. This report will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.sangold.ca for additional information. About Standard & Poor's Factual Stock Reports This Standard & Poor’s service provides factual research coverage enabling information about San Gold Corporation and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
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