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SAS Provides an Exploration Update for the Smoke Deep Zone at the Holloway Mine

July 8, 2014

Drilling Returns: 13.07 g/t Au over 31.6m (7.43 g/t Au Cut); and 11.10
g/t Au over 8.9m (10.72 g/t Au Cut)

TORONTO, July 8, 2014 /CNW/ – St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), (“SAS” or the “Company”) is pleased to announce additional drilling
results for the Smoke Deep Zone (“Smoke Deep“) at the Holloway Mine.

HIGHLIGHTS OF DRILLING RESULTS (Refer to Figure 1 for a longitudinal section of Smoke Deep drilling)


    -- 905-05:       13.07 g/t Au (7.43 g/t cut) over 31.6 metres

    -- 905-21:       11.10 g/t Au (10.72 g/t cut) over 8.9 metres

                          8.75 g/t Au (7.79 g/t cut) over 6.3 metres,
                          including 18.97 g/t Au

    -- 945-01:       (16.07 g/t Au cut) over 2.0 metres

    -- 945-03:       18.35 g/t Au over 2.2 metres

Notes: All lengths reported at Smoke Deep are reported as core length
as true width is not available at this time. Assays are cut to 25.00
g/t Au.

“These recent Smoke Deep results are positive and encouraging”, said
Duncan Middlemiss, President & CEO of SAS. “As the reserve base is
limited, the down dip extension of Smoke Deep is significant and could
potentially extend the mine life at Holloway.”

Smoke Deep

Underground drilling at Smoke Deep commenced earlier this year from
underground drill platforms (situated on the 865m Level, 905m Level,
925m Level and most recently the 945m Level), to test for the
mineralized extensions of the zone further to the east, west and down
dip. The drill program has been successful and drilling continues to
extend the Smoke Deep deposit along strike to the east. This drilling
has effectively extended the known mineralized strike length of the
deposit by approximately 200 meters to the east for a total strike
length of 500 metres.

In July 2013, a surface drill tested the down dip and easterly plunge
component of the zone. Surface hole GH13-027 returned 4.94 g/t Au over
4.1 metres, including 6.21 g/t Au over 2.8 metres. This intersection is
typical Smoke Deep mineralization, associated with the mafic volcanic
and ultramafic volcanic contact. It is located approximately 375 metres
directly east of the current Smoke Deep resource model and 160 metres
below the current drill platform elevation. Drilling has demonstrated
that the Smoke Deep mineralization appears to be wider, possesses a
stronger alteration halo, is more consistent in grade and displays a 20
degree change in azimuth to the east at depth.

SAS recently extended the 945m Level hangingwall drill drift both to the
east and west to provide a drill platform, with drilling in progress to
test for the mineralized extensions both to the east, west and at
depth.

Recent underground drill results for Smoke Deep are summarized in the
table below.

Smoke Deep Zone – 2014 Underground Drill Program

     ____________________________________________________________________________________
    |         |      Holloway Mine Grid  |   Degrees |Intersection|  Core  | Gold  |Gold |
    |   Hole  |                          |           |  (Metres)  | Length | Grade |Grade|
    |  Number |__________________________|___________|____________|________|_______|_____|
    |         |Easting|Northing|Elevation|Azimuth|Dip|From |   To |(Metres)|(uncut)|(cut)|
    |         |       |        |         |       |   |     |      |        |  g/t  | g/t |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |885-02   |7206.8 | 4578.5 |  2420.0 |   219 |-41| 25.3|  26.8|     1.5|   6.91|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 52.7|  54.0|     1.3|   3.43|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |885-03   |7207.0 | 4578.8 |  2420.7 |   240 |-36|  9.4|  12.2|     2.8|   5.92|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 15.0|  18.0|     3.0|   3.41|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 19.9|  20.7|     0.8|   6.14|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 66.8|  77.3|    10.5|   3.81|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 66.8|  70.0|     3.2|   4.32|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 74.0|  77.3|     3.3|   4.48|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-01   |7265.6 | 4494.2 |  2398.1 |   332 | 8 | 80.0|  92.0|    12.0|   4.84|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 80.0|  86.0|     6.0|   4.54|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 90.0|  92.0|     2.0|  11.91|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-02   |7267.1 | 4494.1 |  2397.2 |   40  |-12| 67.4|  71.1|     3.7|   9.80|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-03   |7267.5 | 4494.1 |  2396.8 |   40  |-35| 57.0|  60.0|     3.0|   8.81|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 76.3|  86.8|    10.5|   5.81|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 78.4|  86.8|     8.4|   6.43|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-04   |7268.1 | 4494.1 |  2396.1 |   58  |-55| 46.7|  48.2|     1.5|  10.78|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-05   |7268.6 | 4494.3 |  2396.8 |   58  |-25| 81.9|  92.1|    10.2|   4.55|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 81.9|  87.0|     5.1|   6.62|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 89.0|  92.1|     3.1|   3.54|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   |128.0| 130.0|     2.0|  16.07|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   |134.0| 165.6|    31.6|  13.07| 7.43|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   |134.0| 141.0|     7.0|  31.72| 7.79|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   |135.6| 135.9|     0.3|  90.79|25.00|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   |141.0| 165.6|    24.6|   7.76| 7.33|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-06   |7265.7 | 4494.0 |  2397.6 |   340 |-7 | 64.4|  65.9|     1.5|   7.97|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-07   |7267.0 | 4494.0 |  2397.6 |   40  |-2 | 66.0|  73.4|     7.4|   4.58|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 66.0|  67.7|     1.7|   8.88|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 68.8|  70.9|     2.1|   5.86|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-09   |7273.0 | 4494.8 |  2396.1 |   67  |-42|162.0| 163.7|     1.7|   9.52|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-10   |7272.3 | 4494.4 |  2397.6 |    0  |-40| 44.0|  46.1|     2.1|   4.96|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 47.5|  48.4|     0.9|   4.88|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 51.0|  56.0|     5.0|  22.45|18.24|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-11   |7272.3 | 4494.9 |  2396.8 |   53  |-15| 65.0|  66.5|     1.5|   4.58|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 70.1|  78.3|     8.2|  12.77|12.02|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 70.1|  75.1|     5.0|  13.87|13.49|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 76.8|  78.3|     1.5|  23.41|20.56|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 91.0| 101.1|    10.1|   6.09| 6.07|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 91.0| 100.2|     9.2|   6.32| 6.31|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-12   |7274.5 | 4495.0 |  2396.1 |   61  |-36|105.6| 106.5|     0.9|   3.26|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-13   |7271.6 | 4494.8 |  2396.8 |    0  |-63| 42.0|  43.0|     1.0|   6.52|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 75.2|  78.8|     3.6|   6.84|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-14   |7272.3 | 4494.9 |  2395.8 |   19  |-42| 48.1|  52.2|     4.1|  11.95|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 63.3|  68.9|     5.6|   5.54|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-15   |7272.3 | 4494.9 |  2395.8 |   19  |-58| 44.1|  44.5|     0.4|   6.73|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 74.6|  75.0|     0.4|  11.81|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 76.6|  78.0|     1.4|  10.48|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-16   |7272.3 | 4494.9 |  2395.8 |   19  |-75| 90.9|  91.9|     1.0|   5.47|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-17   |7273.3 | 4495.2 |  2397.0 |   45  |-24| 67.1|  73.1|     6.0|   8.74| 8.54|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-18   |7273.5 | 4495.1 |  2397.5 |   50  |-4 | 63.0|  69.0|     6.0|   5.76|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 74.9|  75.5|     0.6|   6.16|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 91.8| 112.8|    21.0|   4.63|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 91.8|  97.0|     5.2|   5.96|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   |105.0| 112.8|     7.8|   5.54|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   |126.4| 128.0|     1.6|   4.46|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   |129.7| 133.0|     3.3|   4.44|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-19   |7273.7 | 4495.1 |  2396.8 |   53  |-21| 54.6|  55.5|     0.9|   3.64|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 79.6|  83.2|     3.6|  10.77|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   |122.3| 125.1|     2.8|  10.35|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-20   |7272.3 | 4494.9 |  2397.2 |   50  | 4 | 62.0|  62.7|     0.7|   3.09|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 68.1|  69.0|     0.9|   3.81|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 72.0|  72.5|     0.5|   7.88|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 85.0|  90.0|     5.0|   9.61| 7.66|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |905-21   |7272.3 | 4494.9 |  2397.2 |   50  |-38| 63.9|  72.8|     8.9|  11.10|10.72|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 63.9|  68.0|     4.1|  15.12|14.29|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 69.6|  72.8|     3.2|  11.23|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 80.8|  86.9|     6.1|   9.46|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |945-01   |7246.2 | 4456.9 |  2374.0 |   12  |-18| 53.2|  53.5|     0.3|   8.23|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 81.7|  88.0|     6.3|   8.75| 7.79|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |including|       |        |         |       |   | 81.7|  83.7|     2.0|  18.97|16.07|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |945-03   |7245.3 | 4457.0 |  2374.0 |    4  |-10| 52.0|  52.3|     0.3|   4.35|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |And      |       |        |         |       |   | 76.6|  78.8|     2.2|  18.35|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |945-04   |7245.3 | 4457.0 |  2374.0 |    4  |-23| 80.1|  82.4|     2.3|  18.79|13.90|
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|
    |945-07   |7242.8 | 4457.0 |  2374.0 |   343 |-2 | 80.7|  82.8|     2.1|   5.11|   - |
    |_________|_______|________|_________|_______|___|_____|______|________|_______|_____|

Notes: Core lengths are reported as true widths have not been determined
at this time. High grade assays are capped at 25 g/t Au.

Drilling, Assaying and QA/QC

Underground drilling at Smoke Deep is performed by Boreal Drilling based
in Val-d’Or, QC. Core samples consist of BQ calibre split core, which
is submitted to the Company’s Holt Mine assay laboratory for gold
analysis. Sample size used for analysis consists of 30 grams of sample
material (1 Assay Ton). The laboratory employs an industry standard
fire assay sample preparation with an atomic absorption finish. SAS
employs an industry accepted QC /QA program consisting of certified
reference standards and blanks that are inserted into the sample
stream, which represent approximately 5% of the total sample
population. Mineralized samples are routinely sent to an external
laboratory for comparative laboratory analysis.

Qualified Person

The exploration programs on the Company’s various mineral properties are
under the supervision of Doug Cater, P. Geo, the Company’s VP,
Exploration. Mr. Cater 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 an
aggressive exploration program 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 potential extension of
the mine life at Holloway and the completion of additional drilling at
Smoke Deep.

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
exploration initiatives; 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.


Source: PR Newswire



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