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Sage Gold Inc SGGDF

Sage Gold Inc engages in the exploration and development of mineral resource properties. It explores for gold, poly-metallic, nickel, and copper. Its primary properties include the Onaman property comprising the Lynx project and the Headway project in the Beardmore/Geraldton Gold Camp; and the Clavos gold project in Timmins.


GREY:SGGDF - Post by User

Bullboard Posts
Comment by tentongoldon Jan 17, 2008 2:20pm
258 Views
Post# 14219605

RE: Regarding the ''''coming'''' NR postings

RE: Regarding the ''''coming'''' NR postingsBROKER, I CAN ANSWER YOUR QUESTION WITH THIS. FIRST- On both the Jacobus and Onaman properties, Sage has completed helicopter-borne magnetometer (Mag) and electromagnetic (EM) surveys. Preliminary results from the Jacobus property indicate a Mag high on the SE corner of the property that is contiguous with the northern extension of the Mag high on Kodiak’s Hercules property. Within this high is a north-west trending low, which is interpreted by Sage to be a similar geophysical signature to the Kodiak Golden Mile quartz vein system. Jacobus Mining Corporation (1957) intersected a ten foot wide quartz vein within this Mag low, which was not assayed for gold. Sage is currently moving equipment into this area in order to begin trenching both the quartz vein and the northwest trending Mag low. A grid of lines will also be cut for detailed ground geophysics and geological mapping. The Jacobus property is underlain mainly by intermediate pyroclastics that are intruded by the Elmhirst gabbroic intrusion. SECONDLY- AFTER HAVING SPOKEN TO SAGE GEOLOGIST BILL LOVE THIS MORNING HE TOLD ME THAT THE THE WORK OF TRENCHING AND CLEARING THE NORTH EAST ZONE WILL BEGIN IN THE UPCOMING WEEK USING A SNOW CAT. THE AMOUNT OF SNOW IN THE AREA IS NOT A FACTOR. ALSO- THAT THE TEN FOOT WIDE QUARTZ VEIN PREVIOUSLY DISCOVERED THERE IS PRECISELY IN A DIRECT NORTH WEST TO SOUTH EAST LINE THAT LINES UP DEAD ON WITH THE GOLDEN MILE QUARTZ VEIN TREND.
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