Santa Fe Summarized Drill Results By Victoria Gold

Santa Fe Summarized Results of Gateway Drilling
DRILL HOLE
|
INTERVAL (m)
|
GOLD GRADE (g/t)
|
SILVER GRADE (g/t)
|
SF 0801
AND |
13.7 |
3.557 |
64.7 |
| 30.4 |
1.631 |
7.7 |
SF 08-02
AND
AND |
42.6 |
2.366 |
74.6 |
| 22.8 |
1.301 |
7.2 |
| 9.1 |
3.304 |
9.8 |
SF 08-03
AND
AND
AND |
16.7 |
1.218 |
30.1 |
| 19.8 |
0.878 |
6.6 |
| 42.6 |
2.722 |
9.6 |
| 16.7 |
0.820 |
5.9 |
SF 08-04
AND
AND |
15.2 |
1.363 |
46.1 |
| 41.1 |
3.706 |
73.4 |
| 41.1 |
1.635 |
22.8 |
SF 08-05
AND |
73.1 |
2.01 |
43.3 |
| 15.2 |
1.54 |
37.8 |
SF 08-06
INCLUDING
AND INCLUDING |
141.7 |
2.06 |
49.9 |
| 105.1 |
2.39 |
59.9 |
| 36.5 |
1.12 |
21.2 |
SF 08-07
INCLUDING
AND INCLUDING |
135.6 |
2.17 |
36.7 |
| 85.3 |
2.77 |
49.5 |
| 50.2 |
1.16 |
15.0 |
SF 08-08
AND |
10.6 |
2.85 |
37.6 |
| 67.0 |
2.42 |
10.5 |
A link to past holes drilled by gateway gold can be found here:
http://www.victoriaresourcecorp.com/index.cfm?returnid=8144&newsid=478&pagepath=Media_releases&id=8144
Previous Production and Drilling
The Santa Fe deposit was mined by Homestake in the late 1980's and 1990's, recovering in excess of 350,000 ounces of gold and 500,000 ounces of silver from near surface oxide ore bodies. Ore was mined by open pit methods and the gold was recovered by heap leaching the oxide ore. Based on information received from Homestake, a "500 x 500 foot high grade sulphide pipe", crops out in the south end of the Santa Fe pit. Although Homestake drilled over 30 holes into the pipe, it was never mined or drilled out in detail. Half of the holes drilled into the pipe by Homestake bottomed in significant gold mineralization. Hole BSF74-14, starting at surface on the south edge of the pit, intersected 240 feet averaging 2.88 g/t (0.084 opt) gold and 25.4 g/t (0.74 opt) silver including 90 feet averaging 4.66 g/t gold (0.136 opt) and 36.7 g/t (1.07 opt) silver. A second high-grade zone occurs below the north central part of the pit where Hole CSF89-19 intercepted 55 feet grading 3.98 g/t (0.116 opt) gold and 6.38 g/t (0.186 opt) silver including 25 feet that averages 7.99 g/t (0.233 opt) gold and 8.47 g/t (0.247 opt) silver. Previous drilling did not define the full extent of mineralization, which remains open for expansion.
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