REPRINT SROM SGX
I was curious about the rumors floating around regarding drill problems on the Sage property so I called them and talked to Barbara the owner of the Drilling company Northstar Drilling and she said that they have been drilling for sage for a very long time and had the following to note:
- They send drill cores directly to the company as the box is filled. They do not wait until all holes are drilled. Could you image sending 5km's of samples from 15 - 20 300M holes to the company all at once.
- The drill was broken down for 1.5 days and only minor delays on the SGX drill were experienced. Keep in mind samples are going to the company all the time during the drill program and the company selects which ones they want to send for assaying anyway.
- They have purchased a new drill "specifically for use by Sage" and it has been contracted for drilling 30,000 meters for all of 2008 in Jacobus/Onaman region. (At full speed 24 hrs a day at 200M per day would take 150 days to drill 30,000M) She said the new drill is a much faster drill than what they have existing so it can chew out the cores much faster.
- She personally owns SGX shares and figures the gold body from KXL does extend onto the SGX property.
- In July the drillers were very excited about the mineral results as identified in the July release as it is "very rare to see the black mineralization that came out of the hole for 2 days straight." (They drill approx 200m per day 24 hrs a day). These were the mineralization results that Nigel speaks of in his news releases. I think she said it was hole 7?
- The deepest hole drilled so far and sent to sage was 700m
- They also drill for KXL and ATV and have secured drilling contracts for KXL for 60,000M
- They just finished the ATV drilling and sent the results to ATV yesterday
- She confirmed that Assay results take anywhere from 6-12 weeks for results so don't expect the ATV results back for 6-12 weeks. The assay companies are currently backed up close to 60,000M of core results
- Even though they send the sage results to the company, they continue to drill as we speak. They have a drill exclusively for SGX
- She meets with Bill Love regularly (VP exploration of Sage) and he is very enthusiastic about the current property. She said he constantly refers the Jacobus property as having similar properties to that of Hemlo. (Not aware of what that property is)
- Of the ONT, KXL, ATV, SGX and LME properties, she feels Sage has the best prospects.
- No, the drillers won't call you if they see visible gold in the cores. LOL I asked plus there is no service where they're drilling.
- You cannot go there with a pick axe and get your own grab samples, you will be shot.
- They will not be drilling from December 15 to approx Jan 7 for the christmas break.