St Andrew Goldfields Ltd. (“St Andrew”, or “SAS”,), is an emerging junior gold producerwith an extensive land package in the Timmins mining district, Northeastern Ontario, Canada, which lies within the world famous Abitibi greenstone belt.
SAS’ initial focus is to return to being a producer through its Holloway Mine, Hislop Mine , and Holt Mine . With the existing infrastructure in place (permits, Holt mill with a 3,000 tpd capacity, two fully constructed underground mines, access roads, and power) and a dedicated and experienced team, SAS is poised for success.
With the steady cash flow that production from these projects will generate, SAS can advance its exploration activities on this exciting 120 km long package of claims, host to the Porcupine-Destor Fault Zone (“PDFZ”), that is associated with numerous gold deposits and mines in the region.
Strategy and Objectives
SAS is poised for great success. The Company has refocused its efforts on exploring and developing the exciting projects in the Timmins area with 2 mines already in production and a third set for production before the end of 2010, and numerous exploration targets.
The key components of the Company’s strategy are:
Recommencing gold production at the Company’s existing gold mines;
expanding the Company’s gold reserve and resource base by undertaking exploration programs around existing mine sites and exploration properties; and
building and maintaining a management and executive team with the necessary experience and expertise to carry out and achieve this strategy.
The Company’s objectives for 2011 are focused on:
Conducting proper development work for scheduled production at the Holt Mine towards the beginning of 2011;
Continue to aggressively explore key targets near the existing operations, and follow up on some interesting conceptual targets;
continue to develop a labour force capable of sustaining the levels of gold production and exploration efforts planned at the Company’s operations;
establishing a growing gold production profile through exploration success; and
Building a foundation for profitable growth!
Gold Production
SAS commenced production at the Holloway Mine in November 2009, the Hislop Mine in June 2010, and has commenced pre-production activities at the Holt Mine to put it into production by the beginning of 2011.
Timmins Mining District
SAS owns 120km of land claims in the Timmins Mining District, just east of Timmins up to the Quebec border, which is part of the Abitibi Greenstone Belt, the largest Archean greenstone belt of its kind in the world and one of the most prolific in terms of gold production. The major structural features in the central Abitibi Greenstone Belt are the Porcupine-Destor Fault Zone (the “PDFZ”) and the Pipestone Fault. The PDFZ is the host geological structure for the majority of gold production in the Timmins area. Gold deposits are commonly localized within and proximal to the PDFZ and these include the major mines of the Timmins camp (Dome, Hollinger, McIntyre, Pamour and Hoyle Pond) which have produced over 70,000,000 ounces of gold since 1910. A number of gold deposits have been discovered in more recent years, including the Holt-McDermott Mine, Holloway Mine, Owl Creek Mine, Bell Creek Mine, Clavos Deposit, Stock Mine, Taylor Project, Hislop Mine, Aquarius Deposit, Glimmer Mine, Fenn-Gib Deposit, Southwest Zone, Jonpol Mine and a number of other prospects.
SAS owns the Holloway-Holt Properties, Hislop Project, Taylor Project, Aquarius Project and the Clavos Project.
Exploration Activities
The Company intends to engage in continuing exploration programs on its extensive land package and are currently conducting an aggressive program on some key targets. Targets include areas close to existing operations (Smoke Deep Zone and Deep Thunder Zone at the Holloway Mine), advanced stage exploration targets (Taylor, Aquarius and Clavos), and grass roots exploration on a number of targets that have had historical hits with little to no follow up work (Garrison Creek Project).
The Eskay Creek Project in British Columbia has been optioned to Kenrich-Eskay Mining Corporation ("Kenrich-Eskay"), whereby Kenrich-Eskay has the option to earn an 80% interest in the Project.
The exploration effort will provide the Company with the opportunity to find new discoveries and additional gold reserves and resources for the Company.
Production Sites
Holloway - Holt
The Holloway-Holt Mine and Mill are located at the eastern end of St Andrew’s extensive land package in the Timmins Mining District, northeastern Ontario. The Holloway-Holt property includes an irregularly shaped, east-west elongate assemblage of claims, patents, and mining leases that more or less straddles Ontario Provincial Highway 101 East for about 40 kilometers beginning east of Matheson and extending to the Quebec border. The Holloway and Holt gold mines are located approximately 45 kilometers northeast of Kirkland Lake and 52 kilometers by road east of Matheson, Ontario.
The Holloway Mine commenced production in November 2009. Ore mined from the Holloway Mine is processed at the Company’s 3,000tpd Holt Mill located approximately 1km away on the south side of Highway 101 East.
Hislop Mine
The Hislop Project, consisting of approximately 24 leased or patented claims in Hislop and Guibord Townships totaling approximately 571 hectares, is located approximately 85 kilometres by road east of Timmins, Ontario or 45 kilometres west of the Company’s Holt Mill.
SAS commenced development work on the project in the spring of 2010, and put the operation into production at the end of June 2010. The Hislop Mine is currently producing at approximately 1,500 tpd.
Holt Mine
The Holt Mine is currently undergoing pre-production development work and is expected to enter production at the start of 2011. The Holt Mine has the largest reserves of the three operations, and will ramp up towards 1,000tpd during 2011.
Contact SAS:
Welcoming employees from entry level positions to senior roles, resumes are being received at.
Human Resources:
St Andrew Goldfields Ltd.
P.O. Box 609
Matheson, Ontario P0K 1N0 Phone: +1 (705) 567-4862
St Andrew Goldfields Ltd. (“St Andrew”, or “SAS”,), is an emerging junior gold producerwith an extensive land package in the Timmins mining district, Northeastern Ontario, Canada, which lies within the world famous Abitibi greenstone belt.
Mining Companies