Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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
Post by JerryFrancison May 12, 2010 8:42am
474 Views
Post# 17088587

A definite word from a GGN representative

A definite word from a GGN representative 
I had a nice chat with an official at  Gryphon
 
He stated that the reverse circulation drilling is the way to go on the property at this time. It is cheaper and faster.
They will not need to use a down hole probe to 'see' where the vein[s] are going, or do airborne surveys because they are only going to go down 200m and because, "they are already sure of where the gold is". 
 
 I called Redhawk Resources and they told me that they are working elsewhere and haven't given much thought to drilling next to Gryphon. I believe that they just picked up some claims next to Gryphon as an 'insurance policy'  [my words] in case Gryphon really hits something noteworthy.
 
If Gryphon hits something really big they will use a rig that will take cores out that will be 4" wide.
 
The present infill drilling will be near to  previously drilled holes. Those  holes were a part of the old 43-101. The new ones are designed to prove there is a connection with the older ones.  By shortening the gap between the old holes,  it will be sufficient to raise the grade of the find to an indicated status  which as you know is considered a bankable rating.
 
The labs in the area are busy and the company anticipates approximately a three week turn around time. That is about the average. He was speaking in generalities and I had the feeling that he did not want to be held to that time frame.
The representative's vocal demeanor was that of one being professionally certain of what they are doing AND ALSO of  a  positive outcome. Flat out he said the gold is there and they are going to find it.
 
That is the best I could do for now.
 
Jerry Francis
Bullboard Posts