GREY:SGGDF - Post by User
Post by
dudediligenton May 29, 2008 1:44am
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Post# 15121480
Future is bright
Future is brightSGX oversold today as expectations were high with the "halt' which wasn't necessary IMO. The grades are outstanding but the intervals are not enough to warrant a halt even though mineralization appears to be over one kilometer in length.
Nigel Lees, president, stated: "These results represent the highest drill assays ever on the Onaman property and reinforce our view that the Lynx mineralized zone remains open along strike in both directions and the grade and thickness improves with depth. We have completed 7,162 metres of drilling on the Lynx zone and plan to drill a further 8,000 metres this summer. The main horizon is more than one kilometre in length and there are other parallel zones. We plan to extract a bulk sample for metallurgical testing and it appears that the mineralized horizon is open pittable.
"We are implementing a very aggressive exploration program in the Beardmore/Geraldton gold camp for 2008 consisting of about 22,000 metres of drilling focused on our Onaman and Jacobus properties. We have located a large quartz vein system on the eastern side of the Jacobus property which may be related to Kodiak's neighboring Golden Mile discovery. Our summer field program will include drilling, extensive ground and airborne geophysics, geochemistry, line cutting, sampling and prospecting on Sage's extensive property portfolio."