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Last updated on April 20, 2014 at 17:20 EDT

SAS provides update on the Taylor definition drill program

August 27, 2013

Hole T220-020 returns 14.12 g/t Au over 18.6 metres, including 26.92 g/t
Au over 4.6 metres

TORONTO, Aug. 27, 2013 /CNW/ – St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), (“SAS” or the “Company”) is pleased to provide an update on the recent
underground definition drilling program at its Taylor Project (“Taylor”) located on the western portion of the Company’s land package in the
Timmins mining district, north-eastern Ontario, Canada. The drill
program focussed on the eastern portion of the 1004 lens of the West
Porphyry Zone (“WPZ”).

HIGHLIGHTS OF TAYLOR DRILLING RESULTS


        --  T220-003:  11.56 g/t Au over 16.2 metres (13.14 g/t Au uncut),
                       including 12.48 g/t Au over 14. 7 metres (14.22 g/t
                       Au uncut)  

        --  T220-004B: 5.49 g/t Au over 27.7 metres (8.25 g/t Au uncut),
                       including 18.33 g/t Au over 5.1 metres (27.94 g/t Au
                       uncut)

        --  T220-005:  6.62 g/t Au over 18.3 metres (9.79 g/t Au uncut),
                       including 9.77 g/t Au over 5.7 metres (17.65 g/t Au
                       uncut)

        --  T220-019A: 5.92 g/t Au over 28.2 metres, including 16.97 g/t Au
                       over 2.6 metres, and including 8.90 g/t Au over 9.7
                       metres

        --  T220-020:  14.12 g/t Au over 18.6 metres (21.67 g/t Au uncut),
                       including 26.92 g/t Au over 4.6 metres (47.66 g/t Au
                       uncut)

        --  T220-021A: 8.64 g/t Au over 10.7 metres (8.79 g/t Au uncut),
                       including 11.46 g/t Au over 6.7 metres (11.67 g/t Au
                       uncut)

Notes: All lengths are reported as core lengths. True widths are
expected to range from 85-95% of the core length; all assays cut to
30.00 g/t Au. Of the total sample population, 1.44% of assay results
exceeded 30 g/t Au and were subject to be cut.

“This most recent phase of drilling at Taylor has returned impressive
results, which further encourages us to continue our work at Taylor.”
said Jacques Perron, President and CEO of SAS. “The recent drill
results on the 1004 lens of the WPZ, which is the largest and most
important area, demonstrates the potential for wide and high grade gold
mineralization. Over the next few months, the focus of our team will be
to carefully analyze this information to better understand the
geologically and structurally complex deposit. We continue to believe
that Taylor has potential to become an important contributor to the
future of SAS.”

The Company recently completed 22 drill holes collared from the ramp
development on the 220m elevation (surface elevation is set at 270m),
totaling 4,032 metres to test the easterly strike extension of the 1004
lens, situated within the WPZ, in the vicinity of the second proposed
bulk sample. The results from this drill program provided additional
information, which will increase the Company’s understanding of both
the geological and structural settings in the east end of the 1004 lens
and confirmed the tenor and orientation of the gold mineralization.

This phase of drilling confirmed that: (i) wider, more continuous and
higher grade mineralized zones are present along the eastern edge of
the 1004 lens than were previously defined; (ii) potential exists to
expand mineralization on the 1004 lens both to the east and to depth;
and (iii) supports advancing the underground exploration program.

All recent assay results are shown on plan view (see “Figure 1″). A
geological cross-section through the 1004 lens shows recent holes and
accompanying results (see “Figure 2″).

Assay results from the drill program are summarized in the table below.

     ____________________________________________________________________________________
    |           Taylor Project - Definition Drill Program on the 1004 lens of the WPZ    |
    |____________________________________________________________________________________|
    |         |          UTM (NAD 27)    |   Degrees |Intersection|  Core  | Gold  |     |
    |         |                          |           |  (Metres)  | Length | Grade |     |
    |   Hole  |__________________________|___________|____________|________|(uncut)|     |
    |  Number |Easting|Northing|         |       |   |From |      |        |  g/t  |Gold |
    |         |       |        |         |       |   |     |      |        |       |Grade|
    |         |       |        |         |       |   |     |      |        |       |(cut)|
    |         |       |        |Elevation|Azimuth|Dip|     |   To |(Metres)|       | g/t |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-001 | 528060|5379103 |     78  |   315 |-70|136.0|159.0 |   23.0 |  5.04 |4.43 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |136.0|146.3 |   10.3 |  6.46 |5.39 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |153.0|159.0 |   6.0  |  7.54 |7.04 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |154.8|158.3 |   3.5  | 10.35 |9.61 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-002 | 528060|5379103 |     78  |   315 |-77|151.5|166.5 |   15.0 |  8.11 |7.15 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |151.5|157.5 |   6.0  |  6.87 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |161.3|166.5 |   5.2  | 15.18 |12.41|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-003 | 528060|5379103 |     78  |   315 |-83|156.8|173.0 |   16.2 | 13.14 |11.56|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |158.3|173.0 |   14.7 | 14.22 |12.48|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |163.5|167.8 |   4.3  | 31.20 |25.20|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-004B| 528044|5379102 |     76  |   315 |-77|136.7|164.4 |   27.7 |  8.25 |5.49 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |136.7|141.8 |   5.1  | 27.94 |18.33|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |160.8|164.4 |   3.6  | 18.26 |10.53|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-005 | 528044|5379102 |     76  |   315 |-82|156.3|174.6 |   18.3 |  9.79 |6.62 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |156.3|162.0 |   5.7  | 17.65 |9.77 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |170.3|174.6 |   4.3  | 15.76 |12.74|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-006 | 528044|5379102 |     76  |   315 |-89|163.6|165.0 |   1.4  | 10.72 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |170.3|180.2 |   9.9  | 19.27 |14.07|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-007 | 528037|5379112 |     76  |   315 |-70|130.8|141.0 |   10.2 |  5.82 |5.38 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |130.8|132.5 |   1.7  | 21.47 |18.82|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-008 | 528035|5379094 |     74  |   315 |-68|144.2|149.1 |   4.9  |  4.90 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-009 | 528017|5379092 |     72  |   315 |-65|93.0 |100.0 |   7.0  | 10.25 |9.51 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |95.0 |100.0 |   5.0  | 13.56 |12.52|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |155.2|161.2 |   6.0  |  7.14 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-010 | 528017|5379092 |     72  |   315 |-70|83.4 | 86.2 |   2.8  | 14.15 |11.55|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |83.4 | 85.4 |   2.0  | 18.85 |15.21|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-011 | 528018|5379091 |     72  |   315 |-81|98.6 | 99.5 |   0.9  | 25.40 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |161.8|166.6 |   4.8  | 13.02 |11.74|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |163.3|166.6 |   3.3  | 18.11 |16.25|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-012 | 528006|5379083 |     69  |   315 |-59|159.9|163.7 |   3.8  |  4.10 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-013 | 528006|5379082 |     69  |   315 |-70|99.4 |102.9 |   3.5  | 10.33 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |168.5|170.2 |   1.7  |  3.80 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-014 | 527995|5379078 |     69  |   315 |-67|171.8|178.4 |   6.6  | 22.17 |9.19 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |175.2|178.4 |   3.2  | 42.76 |16.00|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-015A| 529985|5379076 |     67  |   300 |-68|150.5|153.2 |   2.7  | 18.73 |8.57 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |174.8|184.6 |   9.8  | 11.89 |9.66 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |181.4|184.6 |   3.2  | 23.49 |16.67|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-016 | 527985|5379077 |     67  |   315 |-61|156.6|166.5 |   9.9  |  7.35 |6.85 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |163.8|166.5 |   2.7  | 17.65 |15.80|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-017 | 527985|5379076 |     67  |   315 |-72|171.4|179.6 |   8.2  |  4.71 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |171.4|178.8 |   7.4  |  5.04 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-018 | 528006|5379082 |     69  |   315 |-76|171.7|177.5 |   5.8  |  4.22 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |171.7|175.9 |   4.2  |  5.49 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-019A| 528037|5379112 |     76  |   315 |-79|99.5 |101.0 |   1.5  | 16.64 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |129.2|157.4 |   28.2 |  5.92 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |129.2|131.8 |   2.6  | 16.97 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |136.0|138.6 |   2.6  | 12.69 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |147.7|157.4 |   9.7  |  8.90 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-020 | 528068|5379114 |     81  |   315 |-81|142.1|145.7 |   3.6  | 21.02 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |154.2|172.8 |   18.6 | 21.67 |14.12|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |154.2|157.6 |   3.4  | 25.82 |20.08|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |163.2|167.8 |   4.6  | 47.66 |26.92|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |         |       |        |         |       |   |162.3|172.8 |   10.5 | 29.50 |17.98|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T220-021A| 528060|5379103 |     78  |   315 |-88|157.0|161.7 |   4.7  |  8.40 |5.90 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |      And|       |        |         |       |   |171.4|182.1 |   10.7 |  8.79 |8.64 |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |Including|       |        |         |       |   |173.8|180.5 |   6.7  | 11.67 |11.46|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |T100-030 | 528043|5379107 |     76  |   292 |-78|143.7|159.2 |   15.5 |  1.70 |   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|

Notes: All lengths are reported as core lengths. True widths are
expected to range from 85-95% of the core length; all assays cut to
30.00 g/t Au. Of the total sample population, 1.44% of assay results
exceeded 30 g/t Au and were subject to be cut.

Taylor Location and Geology

Taylor is situated 50km east of Timmins, ON and lies along the Porcupine
Destor Fault Zone (“PDFZ”) in the eastern portion of the Porcupine
Mining Camp between the Stock and Black Fox gold mines. As with other
gold deposits to the east and west (such as Black Fox, Stock, Aquarius
and Nighthawk), the deposits at Taylor represent examples of
ultramafic-hosted gold mineralization that occur in areas of carbonate
alteration along and adjacent to strongly foliated high strain zones
associated with the PDFZ and its numerous splays.

Drilling, Assaying and QA/QC

Underground drilling was conducted by Azimut Boreal Drilling Services
Inc. Analytical work for the Taylor Project was performed by AGAT
Laboratories, an accredited lab located in Mississauga, ON. Gold
analysis was conducted using an industry standard Pulp metallic assay
technique. SAS employs an industry accepted QA/QC program consisting of
certified reference standards and blanks that are inserted into the
sample stream, which represent approximately 5% of the total sample
population.

Qualified Person

The definition drilling program at the Taylor Project is under the
supervision of Mr. Doug Cater P. Geo, the Company’s Vice President
Exploration who is a qualified person as defined by NI 43-101, and has
reviewed and approved this news release.

About SAS

SAS (operating as “SAS Goldmines”), is a gold mining and exploration
company with an extensive land package in the Timmins mining district,
north-eastern Ontario, which lies within the Abitibi greenstone belt,
the most important host of historical gold production in Canada.

SAS owns and operates the Holt, Holloway and Hislop mines which
contribute approximately 100,000 ounces of annual gold production. The
Company is also advancing the Taylor Project and is conducting a number
of exploration programs across 120km of land straddling the
Porcupine-Destor Fault Zone.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and
forward-looking statements (collectively, “forward-looking
information”) under applicable securities laws, concerning the
Company’s business, operations, financial performance, condition and
prospects, as well as management’s objectives, strategies, beliefs and
intentions. Forward-looking information is frequently identified by
such words as “may”, “will”, “plan”, “expect”, “estimate”,
“anticipate”, “believe”, “intend” and similar words referring to future
events and results, including in respect of the definition drill
information completed at Taylor, and the potential for finding new
deposits at Taylor.

This forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied by the forward-looking
information. Factors that may cause actual results to vary materially
include, but are not limited to, unanticipated operational or technical
difficulties which could increase the time necessary to complete the
development initiatives, escalate operating and/or capital costs and
reduce anticipated production levels; uncertainties relating to the
interpretation of the geology, continuity, grade and size estimates of
the mineral reserves and resources; the Company’s dependence on key
employees and changes in the availability of qualified personnel;
fluctuations in gold prices and exchange rates; operational hazards and
risks, including the inability to insure against all risks; changes in
laws and regulations; and changes in general economic conditions. Such
forward looking information is based on a number of assumptions,
including in respect of the ability to achieve operating cost
estimates, the volatility and level of the price of gold including that
the gold price will generally remain within a reasonable range of
current levels, the accuracy of reserve and resource estimates and the
assumptions on which such estimates are based, the sufficiency of the
Company’s cash flow and financial reserves to carry out its planned
programs, the ability to attract and retain qualified personnel to
conduct its exploration programs and operate its mines and general
business and economic conditions. Should one or more risks and
uncertainties materialize or should any assumptions prove incorrect,
then actual results could vary materially from those expressed or
implied in the forward-looking information. Accordingly, readers are
cautioned not to place undue reliance on this forward-looking
information. SAS does not assume the obligation to revise or update
this forward-looking information after the date of this release or to
revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable
securities laws. A further description of the risks and uncertainties
facing the Company may also be found in the Company’s Annual
Information Form available on SEDAR at www.sedar.com

SOURCE St Andrew Goldfields Ltd.

Image with caption: “Figure 1 – Taylor – Plan View (CNW Group/St Andrew Goldfields Ltd.)”. Image available at: http://photos.newswire.ca/images/download/20130827_C8040_PHOTO_EN_30140.jpg

Image with caption: “Figure 2 – Taylor – Geological Cross-Section (CNW Group/St Andrew Goldfields Ltd.)”. Image available at: http://photos.newswire.ca/images/download/20130827_C8040_PHOTO_EN_30141.jpg


Source: PR Newswire