December 24, 2007
Greetings investors.
Don’t forget to keep an eye on the market over the next 10 days. There could be a spike and some selling opportunities.
Lately I’ve been writing about the adventures of a gold explorer in Ontario’s Geraldton Gold Camp, near the northern shore of Lake Superior, and not too far as the crow flies from the renowned Hemlo gold discovery of the early 1980s. It`s where Kodiak Gold (KXL.TSX-V) is exploring a network of high-grade, near-surface veins within the 300 square kilometer Hercules claim group.
A cheaper deal with some assets nearby is Sage Gold, trading on Canada’s TSX Venture exchange under the symbol SGX at under $0.50 Cdn per share.
The company plans to drill 22,000 metres of core next year on properties located in the Geraldton camp. Right now they’re testing the continuity of gold discovered on their Jacobus property, approximately 3 kilometers north of where Kodiak hit 3.6 meters of 10.46 opt gold on the Golden Mile vein.
Yep, you read that right - 10.46 ounces of gold per tonne! A short intersection to be sure, but extremely rich.
Sage is also seeking nickel and copper there, and expects to receive assays from the latest round of drilling soon.
Meanwhile, the aerial magnetic surveys of the Jacobus property have indicated a hot zone on the SE corner, which is contiguous with the northern extension of a similar magnetic high on Kodiak’s Hercules property. That’s exciting! Sage interprets the geophysical ’signature’ there (described as `a north-west trending low`, which will no doubt be familiar to those who understand the science of aerial electro magnetic surveying!) to be similar to the Golden Mile quartz vein system.
They plan to trench that NW low, plus a known quartz vein, in 2008 in addition to conducting detailed ground geophysics and geological mapping.
It`s shaping up to be an exciting year of discovery for both Kodiak and Sage.
The BarkerLetter on December 24th 2007 in Commodity investing
MERRY CHRISTMAS TO EVERYONE AND TO YOUR FAMILIES. MAY OUR INVESTING ADVENTURE RETURN 100 FOLDS NEXT YEAR.
HAPPY NEW YEAR!!!!!!
Cheers.