SAS is the next LSG in the Timmins mining district. Hands down. I think so,and so does Embry, or he wouldn't be putting $6M of his clients money into it...
Click here for News Release
John Embry and Sprott Asset Management have bought $6M in SAS.TO at $1.25. This is a huge vote of confidence for Saint Andrews Goldfields as Sprott is reknown for sniffing out quality gold stocks early. What is great about this is that current market price for SAS is $1.20 so the retail guy can get in on SAS at the same levels as major institutions and funds.
In my opinion SAS is a must have for the portfolio at these prices and if Embry is in it. I have no problem closing me eyes and jumping in headfirst! Also with Sprott buying big it will only bode well for others drilling in the district like CXT.V.
SAS drilled last year but didn't make the major discovery until this year hitting an interval of 80.3 meters grading 5.83 g/t gold and 101.7 meters grading 4.4 g/t au which is excellent with overall values of the holes similar to discoveries such as PEM, DEC, CXT and FAU.
This are holes from the first phase of drilling...
| Hole Number | From | To | Metres | (g/t) au |
| 550-652 | 238.5 | 244.5 | 6.0 | 3.75 |
| 550-653 | 354.9 | 356.5 | 1.6 | 4.70 |
| 550-654 | 244.0 | 324.3 | 80.3 | 5.83 |
| including | 293.0 | 324.3 | 31.3 | 8.84 |
| 550-655 | 400.5 | 407.9 | 7.4 | 2.89 |
| 550-656 | 417.7 | 425.5 | 7.8 | 2.62 |
| 550-657 | 339.7 | 346.1 | 6.4 | 5.18 |
| including | 342.1 | 344.2 | 2.1 | 11.07 |
Click here to view all of SAS news releases.
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